Thursday, March 28, 2024
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Canadian Energy Provider Hydro-Québec Proposes Stopping Electricity Supply to Blockchain Industry

The energy use of the miners have been a topic of debate globally. Most recently, A group of seven Democratic lawmakers in Washington, D.C., led by Sen. Elizabeth Warren (D-Mass), said they are looking into the energy usage and carbon emissions of the bitcoin mining industry in Texas, where many

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White House Convenes Summit for Stopping the Spread of Ransomware

Significantly, the CRI also has committed to “take joint steps to stop ransomware actors from being able to use the cryptocurrency ecosystem to garner payment.” This would include sharing information about crypto wallets used for laundering funds, as well as developing and implementing anti-money laundering/combating the financing of terrorism (AML/CFT)

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Nigerians’ passion for crypto is stopping short at the eNaira

Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population.According to a Bloomberg report, less than 0.5% of Nigeria’s 217 million population are using the government-issued digital currency — the eNaira — a year after its launch.This comes despite Nigeria being identified by

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SBI lost 40% of hash rate after stopping mining in Russia: Data

Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter.SBI Holdings suspended mining operations in Russia’s crypto mining-rich region of Siberia, citing reasons like the Russia-Ukraine conflict and the ongoing bear market, Bloomberg reported on Thursday.The Japanese online brokerage shut

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Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995

Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate. Billionaire investor and Bitcoin (BTC) proponent Mark Cuban is one of them.Speaking to The Washington

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There’s a Multi-Million Dollar Buy Wall Stopping Bitcoin From Losing $9,100

Bitcoin has once again flatlined.After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges.Chart of BTC's price action over the past

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