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…
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Here’s what industry insiders foresee in the development of the blockchain and crypto space in 2022. Simon Peters of eToro Simon is a crypto analyst at eToro, the world’s leading social trading platform, which offers both investing in stocks and cryptocurrencies. “While we could potentially see a bear market in 2022, with more countries considering…
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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. Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production…
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Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin City and Volcano bonds. On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under…
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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,…
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Here’s what industry insiders foresee in the development of the blockchain and crypto space in 2022. Sandra Ro of Global Blockchain Business Council Sandra is CEO of the Global Blockchain Business Council, an industry association for the blockchain technology ecosystem. “In 2022, it will be ‘corporate career risk’ to not have a baseline understanding of…
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In 2021, mainstream U.S. Democrats’ stance on crypto has tipped towards skepticism and preference for tighter regulation. As 2022 is kicking off, America nears the first anniversary of Joe Biden’s presidency. Following the tenure’s ambitious start, the last few months witnessed some serious tumult around the overall health of the United States economy, the administration’s…
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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…
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Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start…
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Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions. Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax…
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