Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, Landsvirkjun, has been forced to…
Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer’s accounts. When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an error in the system response. Now, deeply frustrated customers have launched an online campaign demanding refunds. …
Democratic congressperson Brad Sherman of California had some choice words for the crypto industry yesterday—and his comments about a fictional Mongoose Coin have apparently prompted the creation of several mongoose-themed meme coins. During yesterday’s House Committee on Financial Services hearing focused on cryptocurrencies, Sherman said that “the number one threat to cryptocurrency is crypto.” He went to say that “Bitcoin…
Mnemonic has emerged from a period of six-month incubation to announce the upcoming launch of its nonfungible token (NFT) analytics platform designed to facilitate API and cross-chain aggregation functionalities which enable developers to build NFT-centric applications. Above this foundational layer, the platform also intents to provide on-chain quantitate data insights into popular collections in the emerging sector, commencing with Lazy…
Members of Parliament in the UK told Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), that cryptocurrencies are not investments and the words “invest and investment” should not be used in the context of these assets, per The Times. “The words ‘your investment’ endorse the idea that this is an investment on par with an FTSE 100 company…
The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class. The trade association released a report titled “Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward” where it advocates for regulating the crypto market instead of outlawing it, reported Business Line. The report highlighted substantial technological innovation that…
Bitcoin (BTC) kept $50,000 as a focus on Dec. 9 as consolidation on BTC/USD continued to avoid last week’s lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “appears on track” Data from Cointelegraph Markets Pro and TradingView showed the pair acting within a small range around the $50,000 mark overnight, this yet to become firm support.” A crucial area to…
Ongoing uncertainty around cryptocurrency regulation in India isn’t stopping domestic crypto companies from launching global offerings. Indian cryptocurrency exchange CoinDCX is preparing to move forward with its global crypto-to-crypto trading platform — dubbed Cosmex — in 2022, according to a senior executive at the company. Ramalingam Subramanian, head of brand, marketing and communications at CoinDCX, told Cointelegraph that CoinDCX has…
In brief The DAOs goal is not only to win the auction but to facilitate prison reform. The FreeRossDAO was spearheaded by members of the PleasrDAO community. DAOs have been trying to buy all sorts of things—from copies of the constitution to NBA teams. But can they mobilize to buy a man’s freedom? Today, SuperRare user yfimaxi won the Genesis…
The global hash rate of the Bitcoin network has returned to all-time high (ATH) levels just six months after it saw a major crash during the aftermath of the Chinese government’s mining ban. The global hash rate of the Bitcoin network tanked as low as 84 EH/s at the start of June following the Chinese government’s crackdown on the crypto…
