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Nigeria Currency Presently Undervalued Says Bank of America Analysts
4.7.2023
According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
Argentine Digital Peso Proposal: Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply
7.11.2022
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that...
El Salvador to build 20 'Bitcoin Schools' with surplus from Bitcoin Trust
3.11.2021
The government will use the “surplus” from its Bitcoin Trust account that currently contains 1,120 BTC
Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds
11.10.2021
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this...
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
Miny.CC – Innovation in the Cryptocurrency Mining Sphere
16.9.2020
Aberdeen, Hong Kong, September 16, 2020. – More than 10 years after the first cryptocurrency was successfully mined, the mining space is more controversial than ever. The process was created to be democratic; to allow any PC with spare computing resources to contribute the surplus to help...
Tokyo Power Company to Use Blockchain for Trading Electricity Surplus
18.6.2020
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses
Japan’s Kanto Region to Track Surplus Solar Energy with Power Ledger
3.10.2019
Australian energy tech firm Power Ledger to run blockchain-enabled energy trading trial in Japan’s Kanto region by December 2019
Trade Surplus Expectation Miss Sinks the Australian Stock Market
3.10.2019
The Australian stock market had expected a surplus in the country’s trade balance in the latest report. However, a drop in the rate of surplus growth has resulted in a significant nosedive in the country’s stock markets. According to data revealed for the month of August, the excess on the balance...
Power Ledger Goes to Rural Australia to Trade Surplus Energy via DLT
10.9.2019
Australian energy startup Power Ledger launches its first trial of P2P tech in the outback to trade surplus energy on the blockchain
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
19.7.2019
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize...
Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid
31.5.2019
The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead...