Auto Added by WPeMatico

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

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…

Continue ReadingCrypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department…

Continue ReadingRussia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

Court in China Recognizes NFTs as Virtual Property Protected by Law

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from…

Continue ReadingCourt in China Recognizes NFTs as Virtual Property Protected by Law

Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent…

Continue ReadingMorgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties.…

Continue ReadingNorth Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

Brazilian Companies Break Crypto Purchasing Records Again in October

According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind…

Continue ReadingBrazilian Companies Break Crypto Purchasing Records Again in October

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under…

Continue ReadingRussia’s Largest Digital Asset Deal Denominated in Chinese Yuan

Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain

Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT),…

Continue ReadingNobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain