Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition DealsBillionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential […]

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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate SuggestsThe share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more […]

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Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend

Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark […]

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Tectum Softnote Review – Transactionless Crypto Payments of the Future

When it comes to making cryptocurrency payments, the primary concern these days are the high transaction costs and the long confirmation times for legacy networks. In addition, those looking for anonymity with their crypto transactions have to go through several hoops to obfuscate the source of funds and detach the tokens from their identity. What if you could implement off-chain crypto transactions which provide complete anonymity and ease of use for payers and payees? This is where Tectum’s SoftNote product comes in, the first transactionless payment system boasting an instant payment method and zero-fee policy for end users. What Is

The post Tectum Softnote Review – Transactionless Crypto Payments of the Future appeared first on The Merkle News.

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Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting

Economist David Dodge Says Gold Is an 'Antique Instrument,' Thinks Digitizing the Canadian Dollar Is InterestingThe economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place […]

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