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Tag Archives: crypto

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Telegram CEO assesses impact of Russia’s proposal to ban crypto

Pavel Durov, the executive director and founder of Telegram, one of the world’s most popular messaging apps, has said a proposal to ban cryptocurrency mining and crypto-related transactions via Russian financial services would lead to an inevitable outflow of IT specialists. The ban, which has been touted by Russia’s central …

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Russia’s ban on crypto: What it means in reality

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Bitcoin may drop as crypto bubble pops – analyst

Top cryptocurrency Bitcoin could tumble below $30,000 this year as the air comes out of the crypto bubble, according to US investment firm Invesco’s list of “improbable but possible” outcomes for 2022. “The mass marketing of Bitcoin reminds us of the activity of stockbrokers in the run-up to the 1929 …

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Crypto job growth outpacing Big Tech

A LinkedIn report shows extraordinary growth of 395% in cryptocurrency-related job postings in the United States from 2020 to 2021. Careers in crypto outstripped price action in 2021, it said. According to the research, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its …

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Crypto-friendly govt incurs first crypto losses

The recent slide of the largest crypto, Bitcoin, has not only affected retail and institutional investors but one tiny nation as well – El Salvador – which had embraced the digital asset as a way to boost its impoverished economy. The country has bought at least 1,391 bitcoins using public …

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Tesla owner uses Model 3 to mine for crypto

Cryptocurrency mining, which is an energy-intensive process, usually requires a computer and a lot of power. However, some are coming up with inventive ways of generating crypto coins. San Francisco-based Siraj Raval told CNBC he runs free bitcoin mining software on his Apple Mac mini M1 and powers the computer …

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Crypto ‘cloud wars’ have a winner, and it’s not Bitcoin

The 2021 performance of all three major cryptocurrency media darlings – Bitcoin, Dogecoin, and Shiba Inu – was overshadowed by Ether, which surged over 400% this year. While the others were grabbing headlines, Ether was securing market attention, it seems. As of Friday, December 31, it was up 410%, according …

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Country turns to nuclear as crypto mining causes electricity shortage

Authorities in Kazakhstan are considering building a nuclear power plant following the rapid growth of cryptocurrency mining, which has seen the Central Asian country suffer from serious electricity shortages. Speaking on Tuesday, Minister of Energy Magzum Myrzagaliev revealed that the government is currently considering two locations for a thermal power …

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Elon Musk, crypto, cannibalism: French sage’s prophecies for 2022

According to prophesies by the long-dead French plague doctor, astrologer and seer Nostradamus, next year promises more food shortages and inflation, while many will seek financial stability by turning away from traditional money. Nostradamus published his ‘Les Prophéties,’ full of predictions for centuries, back in 1555. Despite the fact that …

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Tiny territory strives to be world’s crypto capital

The British overseas territory of Gibraltar could soon host the world’s first integrated bourse, where conventional bonds can be traded alongside major cryptocurrencies such as Bitcoin and Dogecoin. According to The Guardian, the peninsula’s regulators are currently reviewing a proposal that would prompt blockchain firm Valereum to buy the Gibraltar …

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