Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar. Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall…
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During the course of the early morning trading sessions on Thursday (EST), 24-hour statistics show the crypto economy dropped more than 11% in value against the U.S. dollar. While the leading crypto asset bitcoin shed close to 10%, a myriad of alternative digital assets lost close to 20% in value. The crypto market downturn is…
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The nation has a patchwork of largely crypto-friendly, region-specific rules that can finally get standardized. The United Arab Emirates is reportedly getting ready to start issuing federal licenses for virtual asset service providers (VASPs) by the end of the first quarter of 2022. The move is expected to become part of a complex regulatory framework…
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While Web3 narratives haven’t yet permeated public consciousness, there seems to be a strong foundation for future acceptance of the idea. Findings from an online survey of 1,500 United States-based consumers reveal people’s deep concerns over privacy and tech platforms’ outsize power while suggesting that Web3 is yet to become a household term. The study…
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Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining…
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A recent report from Pantera Capital said moves in the debt market and the Fed’s shifting monetary policy could be the fodder that fuels Bitcoin’s next monster rally. There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars…
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The platform plans to scale up with a framework that allows for rapid growth without sacrificing the security and decentralization of Ethereum. zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive development by proponents of Ethereum, as…
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Indira Kempis, a senator representing the Nuevo León state in Mexico, is working on a crypto bill based on El Salvador’s Bitcoin Law. Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s…
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The new crypto mining facility in Sarnia, Ontario is expected to operate at 16 megawatts by the end of this month and will be scaled to operate at 28 MW by May. Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the…
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Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies.
Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan
Local departments of the Committee for Atomic and Energy…
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