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In October 2024, Bitcoin miners in Norway and other countries began adopting clean energy sources such as hydroelectric power on a large scale to mitigate the environmental impact of energy-intensive mining operations. According to data from MLPRU Exchange, the global annual electricity consumption for Bitcoin mining is approximately 176.02 terawatt-hours (TWh), a figure comparable to...
The Bitcoin (BTC) price is set to end Monday with losses of close to 3%. The market is set to end the month on a sour note thanks to not as dovish as hoped-for commentary from US Federal Reserve Chairman Jerome Powell and jitters about Japan’s hawkish incoming PM. Powell’s speech indicated a preference towards...
The NPS was speaking in response to a request for comment from the lawmaker Baek Jong-heon. Baek is a member of the ruling People Power Party and sits on the National Assembly Health and Welfare Committee. He asked the NPS to report on the “scale and proportion” of its “indirect investment in cryptoassets.” Coinbase is...
The Gemini team has asked Canadian customers to move their crypto assets to an external wallet address. Users who have fiat in their accounts can withdraw them to their linked bank accounts, it added. Gemini decided to shut down its operations in Canada months after the Canadian Securities Administrators (CSA) set a strict compliance deadline...
In a recent interview with CNBC, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the critical need for trust in the cryptocurrency industry, drawing parallels between crypto and historical innovations like the automobile. He emphasized that innovation, while essential, can only flourish with trust and transparency. By referencing the SEC’s role as the...
Bitcoin (BTC) surged past $66,000 on Friday, following the release of a softer-than-expected US Core PCE inflation report for August. The news fueled speculation that the Federal Reserve may ease interest rates faster, potentially helping the US economy avoid a recession in 2025. This marks the highest Bitcoin price in nearly two months. 🚨BREAKING –...
The US Securities and Exchange Commission (SEC) on Friday filed settled charges against Solana dApp Mango DAO and Blockworks Foundation over the unregistered offer and sale of $70 million worth of MGNO token tokens, which the agency deems as crypto asset security. *SEC CHARGES MANGO MARKETS FOR UNREGISTERED MNGO TOKEN SALE *WITHOUT ADMITTING OR DENYING...