Author: coinfeeds
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Pow.re, a bitcoin miner, starts building a mining facility in Paraguay and buys 3,600 Microbt ASICs
Pow.re Holdings Limited, a crypto mining company, claims that the company announced it had started building two new mining facilities in Asunción, Paraguay. The new data centers will control 12 MW of hydroelectric power, and the company has also purchased 3,600 Microbt Whatsminer mining rigs, which generate about 396 PH/s of hashrate each second. Pow.re…
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Nigeria has the potential to lead the global digital economy. Yemi Osinbajo, vice president, says
Vice President Yemi Osinbajo of Nigeria claims that his nation is well-positioned to take the lead globally in the digital economy. But for that to happen, Nigeria must make the right decision and put more effort into improving its digital literacy. Nigeria Better Equipped Than 3 Decades Ago Yemi Osinbajo, the vice president of…
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Russians can still access cryptocurrency exchanges. Report Unveils New EU Sanctions Despite
Following the most recent round of EU sanctions, a number of cryptocurrency exchanges, including international platforms, did not impose any new limitations on Russian users, according to Russian crypto media. In an effort to put more pressure on Russia in the midst of an intensifying conflict in Ukraine, the latest European sanctions target a variety…
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The CEO of Ripple anticipates a response to the SEC’s XRP lawsuit in the first half of 2023.
Brad Garlinghouse, CEO of Ripple, predicts that “we’ll have an answer in the first half of next year” regarding the SEC lawsuit involving xrp. The executive emphasized that while xrp is not a security, the case “is about the entire industry” and “Everyone acknowledges how important this is.” At a DC Fintech Week event, Ripple…
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US Treasury Charges Bittrex of violating sanctions, and the cryptocurrency exchange agrees to make a deal with the regulator
The Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) of the U.S. Treasury department announced on October 11 that charges against the cryptocurrency exchange Bittrex had been resolved. Between March 2014 and December 2017, the cryptocurrency exchange was charged with breaking sanctions and failing to “implement effective sanctions compliance controls.”…
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Google Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3 innovation.
In order to advance Web3 innovation, Google Cloud and Coinbase have announced a partnership. This partnership includes using the cryptocurrency exchange to accept cryptocurrency payments. Coinbase CEO Brian Armstrong said, “We are thrilled Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide potent solutions to developers. Google…
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Billionaire Paul Tudor Jones anticipates the price of bitcoin to be “much higher” than it is now.
Cryptocurrencies, in particular bitcoin and ethereum, will be “at a value much higher than where we are today,” according to billionaire hedge fund manager Paul Tudor Jones. The renowned hedge fund manager revealed that he “always” has a small allocation of bitcoin in his portfolio, confirming that he still holds bitcoin. Famed Hedge Fund Manager…
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Kenyan Company Mining Bitcoin with Wasted Energy; Business Model May Aid in Decentralization
Gridless, a Kenyan bitcoin mining company, recently disclosed how it is assisting local communities in lowering electricity costs by mining bitcoin with surplus power. The Gridless mining model has received praise because it may contribute to the decentralization of bitcoin mining and the transfer of some hashpower to Africa. Using Wasted Energy to Mine Bitcoin…
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Russian businesses are trading in cryptocurrencies despite the absence of regulations, officials admit
Due to their limited access to international finance, Russian businesses have started transacting in cryptocurrencies with their international partners. Even though these are still relatively small payments, government officials have noticed an increase in them, and this is before they have decided how to regulate them. Cross-Border Crypto Settlements on the Rise in Russia as…
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Block Times Indicate That Progress Toward Bitcoin’s Halving Is 60% Complete, and That a Halving Could Take Place Next Year
Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use the ten-minute average, the countdown using the most recent block intervals, which are around 7:65 minutes, indicates that the…