Tag: Report

Myanmar’s military government considers launching digital currency: Report

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The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local economy. According to a Thursday report from Bloomberg, Major General Zaw Min Tun said rolling out a digital currency would “help improve financial activities in Myanmar,” but military officials were undecided on whether to work with local companies or release the token on their own. Tun, the chief of the military government’s “True News Information Team,” acts…

US Jobs Report Shows Gain of 467,000 in January, Exceeding Expectations

The count of jobs gained or lost is measured through a survey that asks employers for the number of workers they have on their payrolls during the period of measuring. That excludes workers who were out sick, or missed work for other reasons, like taking care of someone or quarantining. Those people still kept their jobs, but they weren’t accounted for in the report, which is why the number could be misleading. Source

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report – Mining Bitcoin News

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Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is now more often offered than sought, Russian online marketplaces have noticed. The trend began after the Central Bank of Russia (CBR) published a consultation paper this month, in which the regulator proposed a blanket ban…

Myanmar’s Military Government Plans Digital Currency Launch: Report

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North America to lead growth in blockchain market, new report says

A new report indicates that the blockchain industry is set for astronomical growth in the next decade, with the North American market leading the way.  The report by Fortune Business Insights, titled “Blockchain Market Analysis Research Report, 2021-2028,” mentions that the global blockchain market size is expected to reach a whopping $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period. The presence of major industry players such as IBM, Microsoft, Oracle, AWS, Digital Asset Holdings and others in the North American market is expected to have a…

Bored Ape Yacht Club Creators in Funding Talks With Andreessen Horowitz: Report

Yuga Labs, the startup behind Bored Ape Yacht Club, is in talks with venture capital heavyweight Andreessen Horowitz (a16z) over a funding round that would give it a valuation as high as $5 billion, the Financial Times reported Thursday. Yuga Labs is in talks about selling a multimillion-dollar stake with a16z among the firms it is courting, the Financial Times said, citing people with knowledge of the discussions. Bored Ape Yacht Club, a collection of 10,000 algorithmically generated images of cartoon apes minted and sold as non-fungible tokens (NFTs) on…

Report crowns Solana for using least energy per transaction, but there’s a catch

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Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report. The Crypto Carbon Ratings Institute (CCRI), a research startup focused on the environmental impact of cryptocurrencies, released on Wednesday a new report calculating the electricity consumption and carbon footprint of major PoS blockchains. The CCRI specifically analyzed PoS networks including Cardano, Solana, Polkadot, Avalanche, Algorand and Tezos. According to the CCRI’s findings, the Solana blockchain consumed 0.166 watt-hours (Wh) of electricity…