Bitcoin is new gold for millennials, Wharton finance professor says
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Go to Source Powered by WPeMatico
Cryptocurrencies
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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea … Read more
Power Outages in Russia’s Irkutsk Region Blamed on Home Miners
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread … Read more
What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2
Here’s what industry insiders foresee in the development of the blockchain and crypto space in 2022. Go to Source Powered by WPeMatico
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin City and Volcano bonds. Go to Source Powered by WPeMatico
Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin
Buterin still believes that “the internet of money should not cost more than 5 cents per transaction” and highlighted Ethereum’s continued efforts to improve the blockchain’s scalability capabilities. Go to Source Powered by WPeMatico
Sberbank Launches First Blockchain ETF in Russia
Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces ETF Tracking Blockchain Economy Index The largest banking and financial services provider in Russia and the post-Soviet space, … Read more
What’s ahead for crypto and blockchain in 2022? Experts answer, Part 1
Here’s what industry insiders foresee in the development of the blockchain and crypto space in 2022. Go to Source Powered by WPeMatico
How the Democratic Party didn’t stop worrying and fearing crypto in 2021
In 2021, mainstream U.S. Democrats’ stance on crypto has tipped towards skepticism and preference for tighter regulation. Go to Source Powered by WPeMatico
Ex-Head of Crypto Exchange Wex Released in Poland
Former chief executive of the Russian cryptocurrency exchange Wex, Dmitry Vasiliev, has been released from arrest in Warsaw earlier this month. The ex-head of the now-defunct coin trading platform has since returned to Russia while court proceedings against him in Poland are still ongoing. Polish Court Rejects Extradition of Wex Executive to Kazakhstan Authorities in … Read more