Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions

Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to SanctionsThe Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024, as originally planned. CBR to Launch Transactions, Smart Contracts With Digital Ruble as Early […]

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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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Terra Luna 2.0 Price Drops 68% After Launch, Airdrop Complete

Terra Luna 2.0 has officially launched today. The new chain launch and Airdrop are complete, and the new LUNA token is now trading and is being tracked on several exchanges, including KuCoin, Bybit, Kraken, MEXC, OKX, and Bitrue. More exchanges are scheduled to join soon. Terra Luna 2.0 New Chain Launch Complete As of seven hours ago, LUNA 2.0 is live and trading with no issues. The first block of the new chain with the ID Phoenix-1 was produced officially at 6 AM UTC on May 28th, 2022, which marks the birth of the new protocol. 1/ Block 1 of

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Russia Considers Using Cryptocurrencies for International Settlements

Russia Considers Using Cryptocurrencies for International SettlementsAuthorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry Suggests Russia May Employ Crypto in International Trade The possibility of using cryptocurrencies […]

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Bulgarian Crypto Trader Disappears Under Mysterious Circumstances

Bulgarian Crypto Trader Disappears Under Mysterious CircumstancesThe whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire Police in Bulgaria are trying to locate […]

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Terra Luna 2.0 – New Chain Launch Is Around The Corner

Terra Luna is gearing up for its new chain launch, forking the old blockchain into a new chain without the UST stablecoin. Multiple exchanges already announced their support for the new chain, and CoinMarketCap updated Terra Luna to LUNC and added a new tracker for Terra 2.0. Final Post-attack Snapshot for Terra 2.0 Has Passed The snapshot for the new chain launch is complete, and validators of the chain will now work to assemble a genesis file for the new chain launch. The final Post-Attack snapshot to calculate the genesis $LUNA distribution for Terra 2.0 has now passed. Validators will

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While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’

While Stocks Rebound, Analysts Discuss Bitcoin's Decoupling, Gold Markets Remain 'Under Pressure'U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile […]

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Binance to Advise Kazakhstan on Crypto Regulations

Binance to Advise Kazakhstan on Crypto RegulationsCryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate With Binance on the Development of Its Crypto Sector Binance, the world’s leading […]

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Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.”

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This Metaverse Crypto Coin Gained 46% This Week (OpenWorld)

As Bitcoin and Ethereum continue to trade sideways, with BTC holding above $29k and ETH struggling at $1,700, a Metaverse Crypto Coin called OpenWorld (OPEN) gained over 46% in the past week and over 11% in the past 24 hours. OpenWorld was recently added to the Metaverse category of CoinMarketCap, and with a $2.2 million market capitalization, it is currently an underrated low cap project worth exploring. Let’s look at OpenWorld and its token OPEN and see why the price is rising. What Is OpenWorld (OPEN)? Launched in October 2021, OpenWorld (OPEN) is a BEP-20 BNB Smart Chain project describing

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