Auto Added by WPeMatico

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The…

Continue ReadingReport: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to…

Continue ReadingCrypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting

The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold…

Continue ReadingEconomist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting