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It didn’t take long before Kazakhstan’s electrical grid, much of it a legacy of Soviet times, started crumbling under the new load. On top of the miners’ demand, technical failures in interconnection lines and power stations greatly exacerbated the situation, such that Kazakhstan, which until 2021 was a net power
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The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023.Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption citing
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Software company Spexi has raised US$550 million in seed funding to create Spexigon, the world’s first crypto-powered fly-to-earn drone imagery platform based on the Flow blockchain, according to a press release on Tuesday.See related article: X-to-Earn: Eat, sleep, do almost anything for pay in crypto Fast factsUsers can upload aerial images
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A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange in the nation’s financial hub. First Banking Operation With
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Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining Facilities in 2023 A group of crypto specialists have
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The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies on
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“The City of Busan is pleased to partner with Huobi to foster the growth of our blockchain ecosystem,” Heong-Joon Park, mayor of Busan, said in a prepared statement. “As a blockchain regulation-free zone, Busan offers a conducive environment to develop the latest digital financial technologies, which has attracted many blockchain
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The National Basketball Association (NBA) is to develop a digital collectibles-based fantasy basketball game alongside European non-fungible token (NFT) platform Sorare. Source
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The special zone has built several blockchain-based products and applications for use by the general public. These include B Pass, a blockchain-based ID service, Busan Digital Voucher, a local currency circulation-boosting service based on its digital ledger, the Citizen Safety Report, and B-Fresh, a seafood logistics service. Source
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The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory. Source
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