U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S. Treasury Secretary Janet Yellen talked about the Treasury…
The chemical composition of our fecal matter allows it to carry internal energy, which can be extracted through special wastewater treatment processes. Bitcoin mining seeks the cheapest energy available, which is frequently the energy being wasted without anyone to consume it. Wastewater treatment plant in Serang, Indonesia (source). There is generally complex engineering and energy expenditure to release the potential…
Those of you familiar with the wider cryptocurrency market are aware of centrally managed stablecoins — cryptocurrencies that are pegged to a reference asset such as the U.S. dollar. Examples of these are Tether (USDT) and USD coin (USDC) and there are others like Paxos and DAI but the two former appear to be the most widely used. Speculators often…
In brief HEIR, a Solana-based fan engagement platform launched by Michael Jordan and son Jeffrey, launched its first NFTs today. The 10,010 NFTs are being sold for 2.3 SOL apiece, or about $221. NBA legend Michael Jordan is making moves in Web3, including December’s announcement of HEIR, a Solana-based platform that aims to connect professional athletes with their fans. Today,…
In brief Infura has blocked access to “certain jurisdictions.” Venezuelan users, Infura says, accidentally got blocked. It had a knock-on effect for users of the MetaMask wallet, which defaults to Infura. Venezuelan users of two major ConsenSys software products, MetaMask and Infura, found themselves all but cut off from the Ethereum network today, with many reporting they had been blocked…
More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently buying and selling cryptocurrencies. Easy Accessibility of Virtual Coins According to the findings of a Yougov survey, about 77% of Saudi Arabian residents are aware of cryptocurrencies, which suggests that…
In brief Overall NFT trading volume fell in February after a record-breaking January. Ethereum trading fell 33%, says DappRadar, while Flow and Avalanche recorded increased NFT volume in February. Following a record-shattering month of NFT trading volume for leading marketplace OpenSea in January, trading volume across the wider NFT market cooled in February, based on data shared from multiple sources.…
Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director. According to a tally of roughly 2.4 million ENS DAO users recorded as of Thursday, more than one million are against removing Millegan as director of the ENS Foundation.…
Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as ‘de facto’ legal tender as part of a partnership with Tether. Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials to encourage adoption…
Choppy market conditions dominated the cryptocurrency landscape on March 3 as the global economy continues to face challenges on multiple fronts and uncertainty about the future weighs heavily on asset prices. Data from Cointelegraph Markets Pro and TradingView shows that the gains made by Ether (ETH) on March 2 were nullified in trading on March 3 as the price drifted…
