Cryptocurrency Analysis and News Portal
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity
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Yesterday, U.S. Federal Reserve Chairman Jerome Powell said he has no intention of banning cryptocurrencies. It’s unclear whether the unelected monetary body would have that authority in the first place.“The Fed chair is not so sure what he wants to say,” Rep. Tom Emmer (R-Minn.) said this morning on CryptoX
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There may be an in-between scenario where the U.S. defaults on its debt briefly, but financial markets remain calm, with investors assuming that the debt limit will be raised eventually, said Steven Kelly, a research associate at the Yale Program on Financial Stability, an initiative focused on understanding financial crises.
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PolicyThe action comes after China’s National Development and Reform Commission laid out its vision for eliminating crypto mining from the country on Friday. By Eliza GkritsiSep 27, 2021 at 8:32 a.m. UTCUpdated Sep 27, 2021 at 8:32 a.m. UTCMichael Drummond/Pixabay Original Source
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Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the other. On rare occasions, technology comes along
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On September 17, a group of officials led by U.S. attorney Tracy Wilkinson have filed a civil complaint in the United States District Court for the Central District of California claiming that they have identified four digital wallets holding more than 9.8 million Tether (USDT) that was involved in wire
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The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges have met the requirements to offer trading
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U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.” US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of
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Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity won’t be a choice when making cryptocurrency transactions in the country. The representative stated that, sooner or later, all users would have their transactions identified by the government. These comments came at an event promoted by
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Unknown scammers have organized a fake bitcoin giveaway through a Russian government website they hacked. The news of the attack comes after a recent report revealed that damages from crypto-related fraud in Russia have reached $30 million in value in the first half of this year. Regional Government Website in
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