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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
24.7.2021
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. Abkhazia...
China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
14.7.2021
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice...
Bitcoin analyst says 'supply shock' underway as BTC withdrawal rate spikes to one-year high
7.7.2021
The supply shock is being unnoticed similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo
Bitcoin exchange supply hits a 6-month low as accumulation continues
5.7.2021
The likelihood of another steep selloff for BTC is diminishing as more holders are accumulating, according to data from Santiment
Share Buyback Magic: Financial Forecaster Says Stock Market Rally Is All ‘Smoke and Mirrors’
5.7.2021
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group...
Nintendo Investigated Report Of Forced Uighur Labor
1.7.2021
In spring 2020, the BBC reported that tens of thousands from China’s Uighur ethnic minority group were being forced into factory labor, having no choice whether or not to work in the global supply chain for products made by 83 global brands.Read more
As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate
28.6.2021
The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling...
Mastercard Blockchain-Supported Livestock Tracking System Launches in Zimbabwe
24.6.2021
E-Livestock Global, a venture-funded social enterprise, recently launched a blockchain-based livestock traceability system for Zimbabwean cattle farmers. The Mastercard “Provenance solution”-powered system, claiming to be the first of its kind in Africa, aims to bring “end-to-end...
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
23.6.2021
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
16.6.2021
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
16.6.2021
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over...
Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply
16.6.2021
More publicly traded firms added Bitcoin to their treasuries during the first four months of 2021 than during the entirety of last year. But will it continue?
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...
One percent of Bitcoin’s supply has been locked in the WBTC protocol
8.6.2021
More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC
Spanish seafood firm partners with IBM for supply chain tracking
8.6.2021
Spanish multinational seafood giant, Nueva Pescanova Group, has partnered with The IBM Food Trust to trace the shrimp and prawns it fishes on the blockchain
Pre-2019 Bitcoins now make up just 44% of the BTC active supply
2.6.2021
Despite the May sell-off, strong hands are mostly holding firm at prices which seemed impossible two years ago
Fed’s Daily Tapering Increases by 23%- Tuesday’s Reverse Repo Removes $432 Billion from Market
25.5.2021
Since well before the onset of Covid-19, the U.S. Federal Reserve had initiated monetary easing policies and from then on, the M1 Money Stock supply skyrocketed to levels never-before-seen in history. This weekend reports disclosed that the Fed has started to taper quantitative easing (QE) when...
Smartzip’s New Chainlink Node to Supply Real Estate Data
24.5.2021
SmartZip, the leading predictive analysis provider, recently launched a new Chainlink node. It will allow SmartZip to share its real estate data across different blockchain networks. The development will certainly enhance its market reach while keeping up with the modern blockchain standards....