Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes
It could still go either way for bulls in the run-up to what could still turn out to be the highest weekly close on record. Go to Source Powered by WPeMatico
Month: October 2021
Texas Ethics Commission seeks pro-crypto rule for political contributions
If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. Go to Source Powered by WPeMatico
Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan … Read more
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, … Read more
CoinMarketCap hack reportedly leaks 3.1 million user email addresses
3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned. Go to Source Powered by WPeMatico
Australian Senators pushing for country to become the next crypto hub
The Australian Senate Committee delivered a report calling for a complete overhaul of crypto legislation and licensing in the country. Go to Source Powered by WPeMatico
Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure
After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes … Read more
Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations
The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments … Read more
Bitcoin price consolidation leans toward ‘another leg higher’
Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. Go to Source Powered by WPeMatico
Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’
The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they … Read more