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Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting
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Crypto market leverage, however, is greater in this cycle than the last. That’s probably because crypto institutions such as market makers, companies and investors are the dominant traders in the market this time round, whereas in 2017-18 retail dominated. Original Source
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Bitcoin continues to lose momentum on low timeframes, as bulls were unable to follow through on yesterday’s upside impulse. The cryptocurrency was
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He added, "Someone asked my help in conjunction with my opinion on bitcoin. I've been in this industry for close to 10 years and I've helped people that are 10 years old and I've helped governments, and I will continue to do it when I think it is in the
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The nonfungible token (NFT) market has been booming since the summer of 2021 and as NFT prices skyrocketed, so too did the number of hacks targeting NFTs. The most recent high-profile hack siphoned approximately 600 Ether (ETH) worth of NFTs from Arthur0x, the founder of DeFiance Capital, which were then sold
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“If this forecast comes to pass, they’re going to lean on the markets; they’re going to want people to lose money,” said James A. Bianco, president and macro strategist at Bianco Research. “Will that hurt crypto markets and risk markets like stocks? Yes, and that’s part of the plan. They
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The country, which relies on Russia for about half its arms and other military equipment, has been cagey in its response to the attack. It was one of just 35 countries on Wednesday to abstain in a UN General Assembly vote to condemn the Russian action. (Five countries, including Russia,
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Bitcoin trades were steady as commodity prices rallied on Monday, hinting at higher inflation ahead. However, the resilience to the escalating Ukraine-Russia crisis may prove fleeting as demand for the U.S. dollar, the global reserve currency and one of the most liquid asset globally, is rising. Source
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According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making
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Crypto mining in Kazakhstan is likely to be hurt after protesters stormed government buildings to complain about surging energy costs, leading the country’s largest telecommunications provider to shut down access to the internet.Bitcoin mining found a home in Kazakhstan after China’s clampdown on the industry last year. It was second
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