Texas, which is now housing a major share of the U.S. mining business, is now a battleground. A recent report by CNBC noted the changing landscape of Rockdale in the Texas region. It noted that Alcoa was the only major company in the region, until it had to shut its operations. Lee Bratcher, president ofContinue reading “These two mining firms compete for top spot as mining continues to thrive in Texas”

Ethereum recently climbed up to an ATH of over $4,440. And at press time, ETH was still hovering over the $4,300 levels. While many consider this to be strong levels, analyst Lark Davis argued that Ethereum is massively undervalued in his latest podcast. Five events to factor in Speaking in the context of Ethereum’s useContinue reading “Analyst says Ethereum is ‘massively undervalued,’ despite recent ATH”

Vladimir Putin’s administration has brought in a draft policy for crypto exchanges under its anti-corruption guidelines. The Russian government’s website stated that federal security officials can send inquiries to crypto exchanges and “operators of information systems in which digital financial assets are issued”. New audits introduced The draft legislation allows “implementation of audits in orderContinue reading “Anti-corruption checks to apply to crypto exchanges in Russia”

13 years ago on 31 October 2008, Satoshi Nakamoto published the Bitcoin White Paper titled, “Bitcoin: A Peer-to-Peer Electronic Cash System.” However, it might be an understatement for some to just call it a digital currency now. Investor and commentator Balaji Srinivasan recently reasoned that, “Bitcoin really is the safest long-term asset not just becauseContinue reading “Beyond the White Paper: 13 years on, did Satoshi imagine this for Bitcoin”

Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.” While the report made some key observations, let’s rewind to theContinue reading “G20 countries have an ‘opportunity and responsibility’ toward crypto, DeFi policies”

Bitcoin had a volatile run in the last 13 years, with a recent all-time high of $67,000. Going forward into Q4, many analysts have maintained a bullish outlook. In a recent podcast, Grayscale’s Head Of Research David Grider, touched upon the reasons why the Bitcoin market is looking strong after a somewhat “sluggish summer.” GriderContinue reading “The reason why Bitcoin market is looking strong despite ‘sluggish summer’”

South Africa features in the top 20 countries in the world, in terms of crypto adoption. Also, in a first, crypto trading in the country recently exceeded $141 million levels. Having said that, a local report claimed that South African pension funds will be barred from including Bitcoin and other crypto offerings under new draft guidelines. IfContinue reading “South Africa may disallow crypto investments for pension funds”

An investor reportedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted, “We, in crypto, tend to have a ‘buy first, do research later,’ mentality.” The said project, AnubisDAO, raised $60 million with its ANKH token sale. However, upon a closer look at the community, it appears the entireContinue reading “What happened to the $60 million raised by this dog-themed DeFi project”

South Korea has been amidst a regulatory shake-up in the crypto sector. Meanwhile, the 1 January 2022 deadline for tax filings to include crypto earnings is soon approaching. It is a heated topic of debate considering the majority Democratic party wanted to push the legislation for 2023. Tax Dynamite As per recent reports, K-pop bandContinue reading “How pop icons BTS made their way into the crypto tax debate in South Korea”

Russia’s Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due to the rapid development of cryptocurrency mining. Acting head of Inter RAO trading function Alexandra Panina told the papers, “Inter RAO is discussing a possibilityContinue reading “Can Russia rescue Kazakhstan’s dwindling crypto mining activity with its electricity”

Despite Cardano’s weak price action over the past week, its new partnerships are garnering renewed interest. Recently, the network forayed its digital focus to Africa. After signing a deal with the Ethiopian government earlier this year, Cardano signed another Memorandum of Understanding (MoU) with the Burundi government. This was while Ethiopia-based Atala Prism management solutionContinue reading “Here’s how Ethereum, Cardano offer a chance to ‘own the future’”

On the back of strong investment demand, Russia’s Tinkoff Investments is exploring crypto-related projects, according to local reports. It is seen as a major development as Tinkoff Investments is a brokerage arm of one of Moscow’s largest online banks, Tinkoff. However, the director of Tinkoff Investments, Dmitry Panchenko, acknowledged that “brokers cannot offer this serviceContinue reading “Russia’s Tinkoff Investments explores crypto projects despite restrictions”