Most cryptocurrency naysayers highlight the PoW power consumption factor while making a case against the industry. The digital assets industry has not experienced a lot of success in the European markets thus far. VC of the European Securities and Market Authority recently called for a ban on the PoW based digital assets. VC Erik Thedeen…
ConocoPhillips is a known Bitcoin mining farming organization. The company recently decided to stop the process of flaring and outsource the excess gas to the Bitcoin mining organization. Flaring is a process that oil rigs use to discard the harmful gases that are created during the process. However, the process generates a considerable amount of…
Ryan Reynolds is known for his quips and snickers. However, the comedian and MNTN chief creative officer recently had a serious conversation about cryptocurrencies. Since last year several celebrities, athletes, singers, and rappers are taking an interest in cryptocurrencies and played their role in introducing them to a bigger audience. Raynolds was speaking to the…
The prospects for commercial, financial enterprises starting large-scale crypto trading services in Singapore are not without their challenges. However, DBS, one of the banking giants operating in the region, has recently made it public that it has managed to acquire a license. The issuer of the license is MAS or the Monetary Authority of Singapore….
Mike McGlone is a senior Bloomberg analyst and financial strategist. He recently shared his opinion about the future price development for Bitcoin. McGlone added that during the current year, Bitcoin is going to solidify its position as a strong substitute for gold. He also claimed that Bitcoin has already started to transition from risk-on to…
The Ripple Labs vs SEC case has been a matter of discussion among members of the crypto community for a considerable time. Some crypto proponents opine that SEC is planning to set a precedent through the case about cryptocurrency regulations in the United States. To this end, Jake Chervinsky, head of the USA Blockchain Association,…
Both the stock market and gold trade were left behind by Bitcoin returns 3 years in a row. Some investors claim that gold disappointed the digital traders in 2021 as an effective hedge against inflation. The gold market has not performed so poorly since 2015. Under the current circumstances, one academic has come forward to…
Recently, a shocking remark has been added by one of the co-founders of Ali Baba, Joe Tsai. The government officials of China have recently imposed a strict ban on cryptocurrencies in all respects. The miners have immigrated to new locations, and the local social media platforms have been banned. However, Tsai declared on social media…
When it comes to conventional markets such as the forex market per se, it is a highly centralized and regulated entity. It means that every move that is made regarding a specific currency is because the very state where the currency is valid has a say in it. Take the dollar, for example; at this…
Amid the possibility of a new COVID-19 variant on the horizon, all financial markets took a heavy pounding, and as a result, the US dollar index is now approaching a very historical resistance at 97.73. When it comes to Bitcoin and the DXY, which is the dollar index, these tend to show a negative correlation…
Iceland is the largest European nation by area after the United Kingdom. The majority of the Iceland population and the commercial entities depend on power generated by geothermal plants. The national power generator and supplier called Landsvirkjun have recently reported a shortage of power reserves. Landsvirkjun has also announced that the power supply to the…
Bancolombia is the largest financial services provider in Colombia that also extends its banking services to countries like El Salvador, Panama, Cayman Islands, Peru, Guatemala, and Puerto Rico. On Monday, the executive brass of Bancolombia announced that it has partnered with cryptocurrency exchange Gemini founded by the Winklevoss brothers. According to the media reports, the…
