A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia Turn to Crypto Mining on…
Terra’s native staking token, LUNA, was one of the best-performing cryptocurrencies of 2021, with gains north of 13,000%. Terra has also surpassed Binance Smart Chain (BSC) in total locked value with $17.62 billion, making it the second-biggest DeFi chain just after Ethereum. Much of this growth is due to Terra’s ecosystem, with a community of developers continually building decentralized applications…
In brief Seashell plans to offer DeFi-style returns but with an easy-to-use interface. The product will initially be available only to accredited investors. In an era where “high yield” savings accounts pay a paltry 0.5% or less, some people who put their money in decentralized finance (DeFi) products have been earning fat returns that can reach double digitals. But the…
Real Bedford F.C., the first football club to operate on a Bitcoin standard, will self-custody its BTC treasury with the help of Bitcoin security company Casa. The U.K.-based club was bought by Bitcoiner and host of the What Bitcoin Did podcast, Peter McCormack, in December 2021 with the goal to leverage Bitcoin to eventually become part of the elite of…
If 2020 was the year of the bull, 2021 was the year that crypto went mainstream. In the past twelve months, we’ve witnessed leaps in adoption, infrastructure, regulation, and policy — not to mention new all-time highs. As we head into 2022, the Kraken Intelligence team revisited some of the past year’s most notable market events and provided an outlook…
The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC). Titled “Central bank digital currencies: a solution in search of a problem?,” the 52-page publication covers a litany of areas in relation to…
Content creators on BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto. BBTV recently announced Pay to Crypto, a payment solution that lets creators get paid in Bitcoin (BTC), Ether (ETH), and USD Stablecoin (USDC). With the newly-launched solution, creators only need to choose a crypto asset and provide a compatible wallet address, and BBTV will send their earnings…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Last week’s Decrypting DeFi dispatch gave a general rough-and-tumble overview of what’s happening with Curve and the so-called “Curve Wars.” If you haven’t read it yet, check it out here. To recap: DeFi projects are scrambling to get their hands on more Curve tokens (CRV) by first getting their hands…
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service The bitcoin mining firm Luxor…
Another domino is lined up to fall down the route to Bitcoinization. Yesterday, the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender. In a series of Tweets, Lord Fusitu’a, a former Member of Parliament for Tonga, released an ETA for Bitcoin becoming legal tender in Tonga. Copying the El Salvadorean playbook, the move…
