Iranian crypto miners using household energy to face large fines
Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages. Go to Source Powered by WPeMatico
Cryptocurrencies
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Banking system consumes two times more energy than Bitcoin: research
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Go to Source Powered by WPeMatico
Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15
Bitcoin crashes after Tesla abandons the cryptocurrency as a payment method, the crypto world criticizes Elon Musk and DOGE staves off competition from a furry rival. Go to Source Powered by WPeMatico
Bitcoin slips below $46K as correction deepens; institutions keep accumulating
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market. Go to Source Powered by WPeMatico
Caitlin Long reveals the ‘real reason’ people are selling crypto
“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. Go to Source Powered by WPeMatico
Solana pumps to all-time high as Bitcoin, altcoins lag
SOL was one of the top-performing cryptocurrencies on Sunday, outperforming Bitcoin and Ethereum by a considerable margin. Go to Source Powered by WPeMatico
Iranian Tax Agency to Profile Owners of Cryptocurrency Exchanges
Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on Crypto Trading Platforms … Read more
DeFi growth helps push crypto’s share of the global money supply above 2%
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. Go to Source Powered by WPeMatico
Blockchain will thrive once innovators and regulators work together
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem. Go to Source Powered by WPeMatico
Samsung Adds Support for Hardware Wallets on Galaxy Smartphones
Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallet that comes with most devices in the popular lineup. Samsung says that makes it easier for users to access their cryptocurrency and make transactions. Update Allows Galaxy Users to Link Their Crypto Wallets to Cold Storage … Read more