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JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written…

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Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces…

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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  

Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters.…

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Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits

The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into…

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Sberbank Launches First Blockchain ETF in Russia

Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and…

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Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners

The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving…

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Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC

304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there…

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Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading

Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions…

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Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to…

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