Cryptocurrency
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Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows. The joint study, titled Revisiting Bitcoin’s Carbon Footprint, showed that the share of renewable electricity sources that fuel…
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Over the past decades, the cryptocurrency and blockchain industry at large has been a global phenomenon. Investors and companies are paying tremendous focus and attention to this industry. Also, top institutional investors have been looking into the field since the emergence of Bitcoin. Since then, the value of the crypto market has skyrocketed greatly. As…
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Russia’s government and its central bank have reached an agreement on how to regulate cryptocurrencies, according to a statement released by the government. The agreement comes after the Bank of Russia last month proposed banning Bitcoin miners and other crypto operations because of concerns it may cause financial instability, citizens well-being, and its monetary policy sovereignty. Russia’s…
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Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces, according to a report showing such groups received more than $550,000 (€480,000) worth of cryptocurrency in 2021. The report, published on Tuesday by blockchain researcher Elliptic, suggests digital currencies are growing in importance as a funding…
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The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to…
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NFT Games have been really popular these past 18 months. With the massive global adoption of the popular game Axie Infinity, more game developers are entering the space of “play-to-earn” gaming systems. These days, playing a fun game is not enough. Gamers are now looking to maximize their playing time by also earning money on…
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Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict earlier this week against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury found that Wright did not owe half of…
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Cryptocurrencies such as Bitcoin and Ethereum and global markets were sent into a tailspin following the emergence of the fast-spreading Omicron COVID-19 variant. But one relatively new crypto named Omicron has seen a massive spike. Bn Monday, the token OMIC surged by 945 per cent since Saturday to reach an all-time high of $689 (€610).…
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Bitcoin tumbled almost 8 per cent on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant now called Omicron by the World Health Organization (WHO). Bitcoin, the largest cryptocurrency, fell as much as 7.8 per cent to $54,377 (about €48,000), its lowest since October 12. It was on track for its biggest one-day…
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A Squid Game-themed cryptocurrency plunged in value on Monday in what appears to be a deliberate act, falling from a high of around €2,400 to fractions of a cent in minutes. The SQUID token, which has no official connection to the hit Netflix drama, was launched last week with promises of an online game and…
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Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even though the financial authorities disapprove. “Crypto just allows me to transact freely and within minutes we are done with our transactions,” the 28-year-old told Reuters from a friend’s studio in Lagos…
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Europe is now the world’s biggest cryptocurrency economy, with the continent receiving over €870 billion in crypto in the past year. Countries in central, northern and western Europe (CNWE) accounted for 25 per cent of all global cryptocurrency activity, new analysis by blockchain data firm Chainalysis found. The United Kingdom saw the largest volume of…
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PayPal users in the United Kingdom will be able to buy, sell and hold Bitcoin on the platform from this week, the company has announced. Users will also be able to trade Ether, Litecoin and Bitcoin Cash on PayPal’s website and mobile app. With over 400 million active users worldwide, PayPal is one of the…
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India has become the latest country to consider issuing a central bank digital currency (CBDC), the country’s reserve bank deputy chief announced on Thursday. T. Rabi Shankar, the deputy governor of the Reserve Bank of India, said the bank was considering a phased introduction of its own CBDC and is examining various issues including the underlying technology…
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