Auto Added by WPeMatico

Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum

On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added…

Continue ReadingBitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum

Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves

Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization.…

Continue ReadingCentral Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves

Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past…

Continue ReadingGold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase…

Continue ReadingAmid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

FTX leadership pressed for information by US subcommittee chairman

A letter by the chair of the Subcommittee on Economic and Consumer Policy demanded the former and current FTX CEOs turn over details of the exchange’s past and current financials.

Continue ReadingFTX leadership pressed for information by US subcommittee chairman

Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’

According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of…

Continue ReadingDappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’

Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions

Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices…

Continue ReadingSales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions

Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto…

Continue ReadingBank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies

This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block…

Continue ReadingBitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have…

Continue ReadingDemand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia