Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates.
Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home MiningElectricity distribution companies in Russia have started to identify improvised mining farms in residential buildings by the rising volume of energy consumption and higher loads on the grid at substations, Deputy Ministry of Energy Pavel Snikkars revealed to the Russian press.
The government official told the daily Izvestia that authorities are going after the “illegal miners.” While crypto mining is yet to be regulated and such activities are not explicitly prohibited right now, utilities can prove in courts that these consumers are not using the electricity for domestic needs.
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates.
Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home MiningElectricity distribution companies in Russia have started to identify improvised mining farms in residential buildings by the rising volume of energy consumption and higher loads on the grid at substations, Deputy Ministry of Energy Pavel Snikkars revealed to the Russian press.
The government official told the daily Izvestia that authorities are going after the “illegal miners.” While crypto mining is yet to be regulated and such activities are not explicitly prohibited right now, utilities can prove in courts that these consumers are not using the electricity for domestic needs.
Polygon Successfully Completes ‘Performance-Boosting’ Hard Fork As MATIC Targets $2 Price High
The much-awaited hard fork aimed at boosting Polygon’s performance went live today at block 38,189,056, brewing a wave of optimism among the MATIC community.
Earlier today, the team behind the Ethereum layer-2 scaling protocol confirmed that the hard fork would proceed as scheduled, noting that no action will be required from MATIC holders as it will be triggered automatically.
The much-awaited hard fork aimed at boosting Polygon’s performance went live today at block 38,189,056, brewing a wave of optimism among the MATIC community.
Earlier today, the team behind the Ethereum layer-2 scaling protocol confirmed that the hard fork would proceed as scheduled, noting that no action will be required from MATIC holders as it will be triggered automatically.
Ethereum’s Shanghai Upgrade Propels Liquid Staking Market Above DeFi Lending
Summary:
Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked.The hype around Ethereum’s Shanghai update and staked Ether withdrawals has seemingly boosted liquidity and interest in liquid staking services. Ahead of Ethereum’s Shanghai upgrade expected in March 2023, deposits into liquid staking protocols significantly increased to over $14 billion. Data from on-chain aggregator Defi Llama showed that liquid staking services became the second-largest market in crypto as of Monday, February 27.
Indeed, liquid staking platforms surged ahead of decentralized finance (DeFi) lending markets which boast just over $13 billion in total value locked (TVL). Crypto exchanges, liquid staking, and DeFi lending currently lead the frontier of TVL in the digital asset ecosystem with trading venues at the summit of incoming liquidity..
Summary:
Deposits into liquid staking protocols like Lido Finance grew to over $14 billion on Monday, as Ethereum’s upgrade for staked withdrawals draws nearer. Liquid staking now boasts crypto’s second-largest industry, topping lending markets in terms of total value locked.The hype around Ethereum’s Shanghai update and staked Ether withdrawals has seemingly boosted liquidity and interest in liquid staking services. Ahead of Ethereum’s Shanghai upgrade expected in March 2023, deposits into liquid staking protocols significantly increased to over $14 billion. Data from on-chain aggregator Defi Llama showed that liquid staking services became the second-largest market in crypto as of Monday, February 27.
Indeed, liquid staking platforms surged ahead of decentralized finance (DeFi) lending markets which boast just over $13 billion in total value locked (TVL). Crypto exchanges, liquid staking, and DeFi lending currently lead the frontier of TVL in the digital asset ecosystem with trading venues at the summit of incoming liquidity..
Coinbase To Suspend Binance USD $BUSD Trading By Mar. 13
Summary:
Coinbase said that the Binance-branded stablecoin BUSD does not meet the listing standards on the major crypto exchange.BUSD trading will be suspended on March 13, 2023, per an official tweet from the San Francisco-based company. “BUSD funds will remain accessible to you,” said the exchange as withdrawals will continue.Coinbase will discontinue trading support for the Binance-branded stablecoin BUSD by 12pm ET on Mar. 13, 2023.
On Monday, the San Francisco-based crypto exchange said BUSD does not meet “our listing standards.” Also, BUSD trading will be suspended across a basket of product options including Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Summary:
Coinbase said that the Binance-branded stablecoin BUSD does not meet the listing standards on the major crypto exchange.BUSD trading will be suspended on March 13, 2023, per an official tweet from the San Francisco-based company. “BUSD funds will remain accessible to you,” said the exchange as withdrawals will continue.Coinbase will discontinue trading support for the Binance-branded stablecoin BUSD by 12pm ET on Mar. 13, 2023.
On Monday, the San Francisco-based crypto exchange said BUSD does not meet “our listing standards.” Also, BUSD trading will be suspended across a basket of product options including Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Bitcoin Whale Movements Now Raising ‘Caution Flags,’ Says Crypto Analytics Firm Santiment
A leading crypto analytics firm is issuing an alert to Bitcoin (BTC) holders that the large whale transactions over the past month could be a cause for concern for investors of the king crypto.
Santiment says that the five biggest Bitcoin transactions so far this year all occurred in March, with the largest BTC transfer worth about $564 million.
A leading crypto analytics firm is issuing an alert to Bitcoin (BTC) holders that the large whale transactions over the past month could be a cause for concern for investors of the king crypto.
Santiment says that the five biggest Bitcoin transactions so far this year all occurred in March, with the largest BTC transfer worth about $564 million.
CoinMarketCap Added Blofin to its Exchange Category
George Town, Cayman Island (May 1st, 2023) – Blofin, the premier perpetual futures exchange, has been added to CoinMarketCap‘s exchange category, the world’s largest crypto asset tracking website. This move aims at increasing the exchange’s visibility and adoption. It comes after a remarkable increase in community members and daily trading volume since its launch in January. The exchange’s 24-hour trading volume currently stands at over 300 million dollars.
Meeting the standards of CoinMarketCap(CMC), Blofin has implemented five different security measures to protect users’ assets. These include partnering with Fireblocks to offer liability insurance coverage, drawing on decentralized Merkle Tree verification to prove users’ funds in the platform’s reserve, using Wallet as a Service (WaaS) to keep users’ assets in third-party custody, and adopting KYT solution from AnChain for monitoring security, risk, and compliance.
George Town, Cayman Island (May 1st, 2023) – Blofin, the premier perpetual futures exchange, has been added to CoinMarketCap‘s exchange category, the world’s largest crypto asset tracking website. This move aims at increasing the exchange’s visibility and adoption. It comes after a remarkable increase in community members and daily trading volume since its launch in January. The exchange’s 24-hour trading volume currently stands at over 300 million dollars.
Meeting the standards of CoinMarketCap(CMC), Blofin has implemented five different security measures to protect users’ assets. These include partnering with Fireblocks to offer liability insurance coverage, drawing on decentralized Merkle Tree verification to prove users’ funds in the platform’s reserve, using Wallet as a Service (WaaS) to keep users’ assets in third-party custody, and adopting KYT solution from AnChain for monitoring security, risk, and compliance.
Uwerx (WERX) Token And These Cryptos Could Potentially Provide 10x Returns in 2023
The Web3 space features thousands of cryptocurrencies for many, and it can be difficult to make the right decision. FOR EXAMPLE, Lido DAO (LDO) and Filecoin (FIL) have been notable projects.
There are many well-established projects with a coin or token. Those who feel motivated can also select projects, such as Uwerx, that are new and have the potential to provide 10x value after their presale and throughout 2023. These are the most notable coins and tokens anyone must know.
The Web3 space features thousands of cryptocurrencies for many, and it can be difficult to make the right decision. FOR EXAMPLE, Lido DAO (LDO) and Filecoin (FIL) have been notable projects.
There are many well-established projects with a coin or token. Those who feel motivated can also select projects, such as Uwerx, that are new and have the potential to provide 10x value after their presale and throughout 2023. These are the most notable coins and tokens anyone must know.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status
The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times.
Larry Fink on Rate Hikes and InflationLarry Fink, CEO of Blackrock, the world’s largest asset manager, shared his view on the U.S. economy, future interest rate hikes, and the U.S. dollar’s reserve currency status at a Deutsche Bank financial services conference Wednesday.
The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times.
Larry Fink on Rate Hikes and InflationLarry Fink, CEO of Blackrock, the world’s largest asset manager, shared his view on the U.S. economy, future interest rate hikes, and the U.S. dollar’s reserve currency status at a Deutsche Bank financial services conference Wednesday.
Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War
Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.”
Putin on Financial Crisis and WarRussia’s President Vladimir Putin spoke about various issues at the virtual summit of the Shanghai Cooperation Organisation (SCO) Heads of State Council on Tuesday. The meeting was also attended by Chinese President Xi Jinping.
Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.”
Putin on Financial Crisis and WarRussia’s President Vladimir Putin spoke about various issues at the virtual summit of the Shanghai Cooperation Organisation (SCO) Heads of State Council on Tuesday. The meeting was also attended by Chinese President Xi Jinping.
Kickstarter Decides Against Potential Blockchain Move
Two Decembers ago, project funding platform Kickstarter announced it was considering a shift to blockchain, and that it was potentially looking into placing all its operations atop the same distributed ledger technology that has grown so close with digital assets.
Kickstarter Says “No” to BlockchainNow, however, it appears this move is not going to happen. Kickstarter recently hired a new group of board members that have decided against the blockchain switch. They’re instead committed to the “core business and needs” of the creative community using and supporting Kickstarter. A spokesperson for the company said in a statement:
As we’ve shared with our community in previous blog posts, we’re exploring the opportunities that are in blockchain to alleviate some of the challenges that we face as a centralized crowdfunding company. However, we’re not committed to moving Kickstarter to the blockchain or doing anything specific there. We are open to exploration and experimentation but want to do it in a way that feels tested, collaborative with our community, and considerate of the experience[s] they want from Kickstarter.
Two Decembers ago, project funding platform Kickstarter announced it was considering a shift to blockchain, and that it was potentially looking into placing all its operations atop the same distributed ledger technology that has grown so close with digital assets.
Kickstarter Says “No” to BlockchainNow, however, it appears this move is not going to happen. Kickstarter recently hired a new group of board members that have decided against the blockchain switch. They’re instead committed to the “core business and needs” of the creative community using and supporting Kickstarter. A spokesperson for the company said in a statement:
As we’ve shared with our community in previous blog posts, we’re exploring the opportunities that are in blockchain to alleviate some of the challenges that we face as a centralized crowdfunding company. However, we’re not committed to moving Kickstarter to the blockchain or doing anything specific there. We are open to exploration and experimentation but want to do it in a way that feels tested, collaborative with our community, and considerate of the experience[s] they want from Kickstarter.
Arthur Hayes Says Bitcoin Could Surge To $70,000 Despite Fed’s Monetary Tightening
Arthur Hayes, co-founder of crypto exchange BitMEX, believes that Bitcoin’s value could soar, even in the face of global central banks tightening monetary policies.
Hayes made his case in a blog post on September 12 against a backdrop of mounting concerns regarding the U.S. government’s substantial debt. In the blog, the pundit explored the Federal Reserve’s ongoing series of interest rate hikes, which commenced in March 2022. This shift away from the expected trajectory, where many, including Hayes himself, initially foresaw the Fed lowering rates in response to broader economic challenges, prompted him to reconsider his earlier predictions.
Arthur Hayes, co-founder of crypto exchange BitMEX, believes that Bitcoin’s value could soar, even in the face of global central banks tightening monetary policies.
Hayes made his case in a blog post on September 12 against a backdrop of mounting concerns regarding the U.S. government’s substantial debt. In the blog, the pundit explored the Federal Reserve’s ongoing series of interest rate hikes, which commenced in March 2022. This shift away from the expected trajectory, where many, including Hayes himself, initially foresaw the Fed lowering rates in response to broader economic challenges, prompted him to reconsider his earlier predictions.
This Is Where the United States Ranks in Terms of Global Crypto Adoption, According to Chainalysis
Blockchain analysis firm Chainalysis is unveiling the 2023 Global Crypto Adoption Index in a new report.
According to Chainlysis, the United States ranks fourth globally with regard to crypto adoption, behind India, Nigeria and Vietnam.
The United States and Canada are the only countries from North America in the top 20. Canada is ranked 19th in the 2023 Global Crypto Adoption Index.
Blockchain analysis firm Chainalysis is unveiling the 2023 Global Crypto Adoption Index in a new report.
According to Chainlysis, the United States ranks fourth globally with regard to crypto adoption, behind India, Nigeria and Vietnam.
The United States and Canada are the only countries from North America in the top 20. Canada is ranked 19th in the 2023 Global Crypto Adoption Index.
One Bitcoin Indicator Strongly Suggesting BTC Not Going Back To Significantly Lower Prices: Jason Pizzino
A popular crypto analyst thinks one metric indicates Bitcoin (BTC) is likely to continue upward rather than reversing course.
In a new YouTube video, Jason Pizzino tells his 291,000 YouTube subscribers to pay attention to the market-value-to-realized-value (MVRV) Z-score, which pulls out the extremes in the data between market value and realized value to attempt to identify long-term trend reversals.
A popular crypto analyst thinks one metric indicates Bitcoin (BTC) is likely to continue upward rather than reversing course.
In a new YouTube video, Jason Pizzino tells his 291,000 YouTube subscribers to pay attention to the market-value-to-realized-value (MVRV) Z-score, which pulls out the extremes in the data between market value and realized value to attempt to identify long-term trend reversals.
Trillion-Dollar Asset Manager Franklin Templeton: There’s Obviously Demand for Bitcoin
The CEO of Franklin Templeton, a $1.33 trillion asset manager, says there’s “obviously” a demand for bitcoin, noting that a spot bitcoin exchange-traded fund (ETF) is “a better way” to access the cryptocurrency. The executive added: “It’s going to unlock nontraditional, noncorrelated types of asset classes that are going to be interesting for our clients.”
Franklin Templeton Sees Demand for BitcoinFranklin Templeton Investments CEO Jenny Johnson shared her perspective on bitcoin and bitcoin exchange-traded funds (ETFs) in an interview with Fortune last week. The firm reported $1.33 trillion in assets under management as of Oct. 31.
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The CEO of Franklin Templeton, a $1.33 trillion asset manager, says there’s “obviously” a demand for bitcoin, noting that a spot bitcoin exchange-traded fund (ETF) is “a better way” to access the cryptocurrency. The executive added: “It’s going to unlock nontraditional, noncorrelated types of asset classes that are going to be interesting for our clients.”
Franklin Templeton Sees Demand for BitcoinFranklin Templeton Investments CEO Jenny Johnson shared her perspective on bitcoin and bitcoin exchange-traded funds (ETFs) in an interview with Fortune last week. The firm reported $1.33 trillion in assets under management as of Oct. 31.
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EOS Price Analysis: Bulls Face Key Hurdle at $0.78
EOS price is struggling below $0.800 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.780.
EOS Price AnalysisIn the past few days, EOS price saw a fresh decline from the $0.888 resistance against the US Dollar. The price traded below the $0.820 and $0.800 levels to move into a bearish zone.
The pair even traded below the $0.750 support. A low has formed near $0.6684, and the price is now consolidating losses. There was a minor increase above the $0.720 resistance zone. It recovered above the 23.6% Fib retracement level of the downward move from the $0.8955 swing high to the $0.6684 low.
EOS price is struggling below $0.800 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.780.
EOS Price AnalysisIn the past few days, EOS price saw a fresh decline from the $0.888 resistance against the US Dollar. The price traded below the $0.820 and $0.800 levels to move into a bearish zone.
The pair even traded below the $0.750 support. A low has formed near $0.6684, and the price is now consolidating losses. There was a minor increase above the $0.720 resistance zone. It recovered above the 23.6% Fib retracement level of the downward move from the $0.8955 swing high to the $0.6684 low.
Bitcoin Flips Visa And Elon Musk’s Tesla As BTC Price Finally Clutches $50,000
Spot Bitcoin exchange-traded fund (ETF) inflows helped aid the oldest crypto’s surge above the $49,000 mark. Bitcoin’s move higher makes its market capitalization bigger than that of Wall Street stalwarts, including Elon Musk’s electric carmaker Tesla and American payment provider Visa.
Spot Bitcoin exchange-traded fund (ETF) inflows helped aid the oldest crypto’s surge above the $49,000 mark. Bitcoin’s move higher makes its market capitalization bigger than that of Wall Street stalwarts, including Elon Musk’s electric carmaker Tesla and American payment provider Visa.
Heco Bridge Exploiters Funnel $145,700,000 Worth of Ethereum Into the Crypto Mixer Tornado Cash: PeckShield
The hackers who struck Heco Bridge, a project linked to Tron (TRX) founder Justin Sun, have been funneling their stolen Ethereum (ETH) into the sanctioned crypto mixer Tornado Cash (TORN).
The blockchain security firm PeckShield notes the exploiters sent 40,391.8 ETH worth approximately $145.7 million to Tornado Cash in the past eight days.
The hackers who struck Heco Bridge, a project linked to Tron (TRX) founder Justin Sun, have been funneling their stolen Ethereum (ETH) into the sanctioned crypto mixer Tornado Cash (TORN).
The blockchain security firm PeckShield notes the exploiters sent 40,391.8 ETH worth approximately $145.7 million to Tornado Cash in the past eight days.
Quickex Expands Crypto Options with Over 200 Coins Available On Its Exchange Platform
Quickex, a state-of-the-art cryptocurrency exchange platform, proudly announces that it has successfully supported more than 200 coins on its platform. This groundbreaking development will transform how users trade and enhance their overall trading experiences. This forward-thinking move demonstrates Quickex’s commitment to meeting its users’ evolving demands and maintaining its position in the competitive crypto exchange industry.
Quickex, a state-of-the-art cryptocurrency exchange platform, proudly announces that it has successfully supported more than 200 coins on its platform. This groundbreaking development will transform how users trade and enhance their overall trading experiences. This forward-thinking move demonstrates Quickex’s commitment to meeting its users’ evolving demands and maintaining its position in the competitive crypto exchange industry.
Ripple CEO Brad Garlinghouse Says This Is What the Crypto Industry Needs To Focus on To Drive Mass Adoption
The CEO of Ripple Labs says that in order for the crypto industry to drive mass adoption it needs to focus on one key aspect.
In a new interview at the XRP Ledger Apex 2024 event, Ripple Labs head Brad Garlinghouse says that for the crypto industry to grow exponentially real use cases need to be developed.
“Customers don’t care which technology you’re using. They want their problem solved…
The CEO of Ripple Labs says that in order for the crypto industry to drive mass adoption it needs to focus on one key aspect.
In a new interview at the XRP Ledger Apex 2024 event, Ripple Labs head Brad Garlinghouse says that for the crypto industry to grow exponentially real use cases need to be developed.
“Customers don’t care which technology you’re using. They want their problem solved…
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