A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power distributor in the Russian region…
Month: December 2021
Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’ – Defi Bitcoin News
On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the End Game for Blockchain Scaling’…
Russia’s Federation Council to Set Up Working Group on Crypto Regulations – Regulation Bitcoin News
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper house of Russian parliament, is…
AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise
Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able to access the company’s cold…
The Metaverse will bring unbridled evolution to NFTs
Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse will change that. There’s always a tipping point when new technologies go from incomprehensible fringe interest to, suddenly, part of life. That point usually comes from the confluence of a number of drivers and, right…
Indian prime minister Modi’s hacked Twitter account attempts BTC scam
The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC among the Indian citizens. On Dec. 10, Modi said in a virtual event virtual summit hosted by US President Joe Biden that technologies such as cryptocurrencies…
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation – Regulation Bitcoin News
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary Policy Department, clarified the central…
Trustless Private Messaging Bitcoin Security
As a Bitcoiner, you’re going to need a secure way to communicate privately, without relying on a company to encrypt your data for you. For example, freely available methods with end-to-end encryption like Telegram (not with its default option) and Signal and others are easy to use, but I don’t completely trust them. This article will show you how to…
Rich Dad Poor Dad’s Robert Kiyosaki Insists Depression Is Coming – Predicts ‘Gold, Silver, Bitcoin, Real Estate Will Crash Too’ – Markets and Prices Bitcoin News
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says a crash and a depression are coming, predicting that “Gold, silver, bitcoin, real estate will crash too.” He added that he is getting ready to buy all four types of investments after the crash. Robert Kiyosaki Predicts a Crash Is Coming Robert Kiyosaki, the author of Rich…
Institutional Investors Expect Major Correction in Crypto Market Next Year – Bitcoin News
Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class. Institutional Investors See Crypto as Top Contender for Major Correction Natixis Investment Managers published the results of…