Cryptocurrency Analysis and News Portal
As cryptocurrency mining activity grows increasingly common in Russia, one local region is struggling to maintain power stability amid massive inflows of new crypto mining operations.Russia’s Irkutsk Oblast, a federal region and Russia’s major center of trade routes from China, experienced a fourfold increase in energy consumption in 2021 due
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Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity
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Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said. First Crypto-Linked Mastercards in Asia-Pacific
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The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest in recent years. Finiko Members Under Investigation in Samara,
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Bitcoin has been flashing some signs of intense weakness throughout the past few days and weeks, which has
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Summary:Bitcoin analyst, MagicPoopCannon has postulated that BTC could test the $80k to $90k price area by mid next yearHe cites that Bitcoin has followed a beautiful rising arc pattern since the days of SatoshiThis arc points to $14k being broken, $20k being retested and the possibility of $80k – $90k
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Ethereum has seen an interesting trend in its price action over the past two weeks. Despite a strong
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A new cryptocurrency trading platform is gearing up to offer zero-fee trades to users in six countries in the Gulf Region. Announced on Thursday, the platform Fasset Exchange (FEX) has started sign-ups for its private beta and is planning a public rollout later this year. Source
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The entire cryptocurrency market has seen some turbulence over the past 24-hours, with Bitcoin’s decline to lows $10,400
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Bitcoin’s unrelenting consolidation phase may not last for too much longer.Analysts are now explaining that the cryptocurrency is beginning to flash some subtle signs of bullishness as it trades around $9,300, with these factors potentially helping to boost it higher in the days and weeks ahead.While looking towards BTC’s weekly
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