Considering the high energy usage and carbon footprint of Proof-of-Work, the U.S. government is considering banning it.
The White House report also states that excess consumption by Bitcoin miners could raise electricity costs for local...
In an unprecedented move, the U.S. Treasury Department levied sanctions on the crypto mixing company Tornado Cash earlier this month. The action is taken over allegations that the crypto mixer was used to launder virtual currency. The expected...
Dogecoin’s price has dropped almost 10% following China’s statement that crypto transactions and services are illegal in the nation.
As China Declares Crypto Transactions Illegal, Dogecoin Plunges Almost 10%
According to a report from Bloomberg, China’s central bank has put...
The European Union will vote on adopting its Markets in Crypto Assets (MiCA) regulation later on Monday. Reports show that a controversial ban on proof-of-work (POW) tokens including Bitcoin and Ethereum is still being considered, drawing widespread criticism...
Bitcoin has found temporal support at $39,000, but buyers have been scarce as the market enters into weekend price action. Uncertainty around macro factors seems to be growing with the Russia-Ukraine conflict contributing with the selling pressure experience...
OpenSea, the world’s largest NFT marketplace, reportedly began blocking Iranian users citing U.S. sanctions against the country, while popular Ethereum wallet MetaMask was unavailable in certain blacklisted countries due to restrictions by its host Infura.
The moves sparked widespread...
Key Takeaways
Binance CEO Changpeng Zhao said in a Bloomberg interview that his exchange complies with sanctions on Russian users.
Zhao also asserted that the exchange would not impose a complete ban on Russia users as an entire group.
Ukraine has...
The China bitcoin mining ban that took place mid-last year was no doubt a heavy blow to the space. It saw the hash rate from the region which was once termed the mining capital of the world crumble...
Ukraine on Sunday requested major crypto exchanges to block addresses linked to Russia and Belarus, amid growing speculation that Moscow could use the platform to subvert recent economic sanctions. But the request was criticized by the crypto community.
Mykhailo...
