Ether slips below $2K for the second time in a week
The value of Ethereum is down 54% from its recent peak. Its combined market cap is now $226 billion, less than half of its all-time high. Go to Source Powered by WPeMatico
Cryptocurrencies
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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption
Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, … Read more
Bitcoin’s usefulness is on a whole other level, depending on where you live
One Nigerian explains the benefits of Bitcoin from an alternate angle. Go to Source Powered by WPeMatico
Altcoin Roundup: Bitcoin price crash is a reminder to put fundamentals over fear
Persistent struggles with high fees and network congestion have allowed layer-one solutions like Polkadot, Solana and Cosmos to become established competitors. Go to Source Powered by WPeMatico
Bitcoin price drops below $34,000, pulling altcoins to multi-month lows
Another round of FUD helped to push Bitcoin price back below $34,000, placing further pressure on altcoins which now trade below multi-month lows. Go to Source Powered by WPeMatico
Crypto interest remains on the rise, according to this industry CEO
The CEO of Unstoppable Domains notes data showing increased crypto interest despite the recent crypto market price drops. Go to Source Powered by WPeMatico
ProtonMail keeps HODLing Bitcoin despite market crash and carbon drama
ProtonMail started accepting Bitcoin in 2017, and prefers to not sell its BTC to safeguard independence. Go to Source Powered by WPeMatico
Bank of Canada: Crypto highly risky despite institutional adoption
Crypto volatility is an emerging vulnerability to Canada’s financial system, while stablecoins pose risks for the country’s monetary system, the Bank of Canada said. Go to Source Powered by WPeMatico
BitMEX pledges to go carbon neutral
BitMEX is responding to increased scrutiny of crypto’s high energy consumption levels by pledging to go carbon neutral. Go to Source Powered by WPeMatico
Greenpeace to stop accepting Bitcoin donations over environmental concerns
Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis. Go to Source Powered by WPeMatico