Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned. It’s a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla’s CEO Elon Musk brought forth…
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Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia.…
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Analysts express mixed views on BTC’s short-term prospects, but most agree that $42,000 is the level to watch. The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $43,000 and awaiting some spark in momentum that can sustain a rally back to the $50,000 range. Data from Cointelegraph…
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While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by…
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Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of…
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In what has been a volatile day of trading, MINA is one of the biggest gainers in crypto to start the week. In addition to this, crypto.com coin (CRO) was in the red, despite pulling out all the stops in a Super Bowl ad that featured LeBron James. Biggest gainers A week to the day,…
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The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH on January 15, a month later the hashrate increased by 12.43% — this despite the network’s mining difficulty coasting along at record highs as well.…
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The race to launch crypto regulations in Russia could still be halted by the country’s Central Bank, which, despite reports to the contrary, is still not happy about recently unveiled plans to “legalize” crypto and bring the industry under a regulatory umbrella. But the pro-business (and reservedly pro-crypto) Ministry of Finance has moved to…
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As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty’s Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution. On HMRC’s initiative, three persons accused of attempting to defraud the agency of…
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Crypto market sentiment rose again last week, marking the third consecutive week of improved sentiment among crypto market participants. According to the market sentiment analysis service Omenics, the average 7-day sentiment score (sentscore) for 10 major cryptoassets reached as high as 5.41 today, up from 4.86 a week ago and 4.39 two weeks ago….…
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