households – DIGIT INFO

Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey

DIGIT — Mon, 03 Apr 2023 05:49:58 +0000

The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) […]

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‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

DIGIT — Mon, 03 Apr 2023 03:30:07 +0000

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]

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Fed, central banks enhance ‘swap lines’ to combat banking crisis

DIGIT — Mon, 20 Mar 2023 02:49:57 +0000

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.

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ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

DIGIT — Wed, 25 May 2022 07:30:21 +0000

One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth […]

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Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining

DIGIT — Sat, 05 Feb 2022 11:30:43 +0000

The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers […]

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Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

DIGIT — Sat, 25 Dec 2021 06:30:23 +0000

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies […]

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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

DIGIT — Sat, 23 Oct 2021 08:30:10 +0000

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]

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