The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short…
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The agreement is an essential step toward creating a fully regulated link between the fiat and crypto worlds, said Valereum. Gibraltar-based tech group Valereum Blockchain announced the acquisition of Juno Group, a company that aids in the establishment and administration of trusts, money management and enterprise creation in Gibraltar. Juno is a company that Valereum describes as…
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Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee. United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency…
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Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the…
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The company’s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains since its initial purchase in August 2020. Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229. According to a Thursday filing with the…
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What was the most important thing that happened within the crypto and blockchain space this year? How has it affected the whole industry? Ahmed Al-Balaghi of Biconomy Ahmed is a co-founder of Biconomy, a developer platform that empowers blockchain developers to enable a simplified transaction and onboarding experience for their Web 3.0 project. “The progress…
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Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran…
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The number of cryptocurrency ATMs around the world has grown exponentially in 2021, with over 20,000 new installations made since last December. That’s more than the total of all crypto teller machines put into operation in the previous seven years. Close to 34,000 Crypto ATMs Available Globally ATM locations offering users options to buy and…
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The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said. Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently…
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Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due…
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