UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global BTC mining network consumed 173.42 TW/hs of electricity. A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. UN scientists evaluated...Continue Reading

Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal. Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region.  According to the announcement, the...Continue Reading

Thailand’s second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto business Satang. Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto business Satang. Kasikornbank, also known as KBank, acquired 97%...Continue Reading

The information will be sent to the Internal Revenue Service in early November. United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November.  On its support page,...Continue Reading

Bitcoin holds higher BTC price levels into what looks to be a crunch week for crypto markets across the board. Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The...Continue Reading

Crypto investors claiming “my coins disappeared suddenly” have been found to recently download crypto applications from unverified sources. To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully.  Blockchain investigator Bitrace has identified three effective ways hackers gain access...Continue Reading

Elon Musk assured those attempting to “weaponize” the community notes feature will be immediately found out. Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk. In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected”...Continue Reading

Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said. Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong...Continue Reading

During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its ‘inconsistent’ approach to spot Bitcoin ETF approvals. Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which...Continue Reading

Analysts say an approved spot ETF will be “a bedrock moment for Bitcoin,” the Astrid Finance exploiter has sent back 80% of funds stolen, and Celsius has issued a new warning about phishing scammers. Analysts ‘increasingly confident’ of a spot Bitcoin ETF approval Financial analysts at Cantor Fitzgerald are “increasingly confident” that the United States...Continue Reading