Month: February 2022

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

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Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly. Irkutsk Dealing With Rising Electricity Needs Amid Growing … Read more

Florida Home to Be Sold as an NFT, Decentralized Organization Seeks Bel Air Megamansion

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According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized leveraging non-fungible token (NFT) technology and sold for $650K. In addition to the Gulfport home, another blockchain project has launched aiming to purchase The One Bel Air 105,000-square-foot megamansion by creating a decentralized autonomous organization (DAO). … Read more

Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs

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Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a higher price later. However, this … Read more

Metaverse Crypto Coin Nakamoto Games Price Up 26% Amid Partnership With AcknoLedger

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Metaverse crypto coins have been performing exceptionally well this week, with many seeing double-digit percent price gains. Today, one of the top-performing Metaverse crypto coins is Nakamoto Games, gaining over 27% in price. Let’s look at Nakamoto Games and its token NAKA and see why the price is rising. What Is Nakamoto Games (NAKA)? Launching … Read more

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