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EU policymakers favor Ethereum due to its greener credentials, even though it still uses power hungry Proof-of-Work mining and there are doubts on when it will fully transition to Proof-of-Stake.
Plans including raising the crypto tax threshold and legalizing ICOs are welcome, but will they give South Korea the shakeup it needs?
Bitcoin mining in New York has seen a large influx. Lawmakers and local residents are not happy
From the outset and consequences of the Covid-19 pandemic, combined with the invasion of Ukraine by Russia, global economies have taken quite a beating. This chaotic combination has increased volatility in the cryptocurrencies market.
Ukraine’s central bank has banned the use of cryptocurrencies and Ukrainians can only us foreign currency to purchase crypto with a hryvnia limit ($3,400) per month.
Australian Prudential Regulation Authority’s (APRA) roadmap includes annual action steps to regulate all crypto-related activities and aims at releasing the regulations by 2025.
The new sanctions could impede BitRiver‘s ability to function fully as it has a data center in Siberia.
Sitharaman believes the only way to curb the use of crypto in money laundering and terrorist financing is to regulate the space using technology.
IMF noted that countries with excess energy sources can monetize it through mining of the flagship digital asset, Bitcoin.
