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Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say. Jerome Powell speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C., on March 21, 2022. (Valerie Plesch/Bloomberg via Getty Images) It’s been almost a week since the U.S. Federal Reserveannouncedthat it would raise interest rates...
The decrease is likely a result of miners unplugging their machines due to high energy costs, said Compass Mining CEO Whitt Gibbs. The difficulty of mining a bitcoin (BTC) block dropped 0.35% on Thursday, the second time this month, after a consistent climb since November. On March 3, mining difficulty dropped 1.5%, data from information platform Glassnode shows. The difficulty...
The letter of intent was signed by both parties on March 3 and already approved by the Chamber of Deputies. Buenos Aires, Argentina (Sander Crombach/Unsplash) The Argentine Senate will be voting on a letter of intent the country struck earlier this month with the International Monetary Fund (IMF) that includes a provision discouraging the use of cryptocurrencies. The agreement would...
Projects like Filecoin Green and Zero Labs see crypto’s opportunity to drive major demand for renewable energy, while using blockchain tech to measure greener grids. But will big miners bite? (Getty Images) Much ink has been spilled on cryptocurrency’s carbon footprint, asMonday’s deliberations in the European Parliament on proof-of-work (PoW) mining demonstrated. While the “EU bitcoin ban” did not come...
Still, people familiar with the matter said a slim majority of parliamentarians could defeat a controversial new MiCA provision that seeks to force proof-of-work cryptocurrencies to shift to more energy-friendly consensus mechanisms. EU parliament plans to vote on a controversial provision that seeks to limit the use of proof-of-work crypto mining. (Walter Zerla/Getty Images) A proposed rule that could effectively...
Federal agencies will evaluate their approach in six “key priorities” within the digital asset sector. U.S. President Joe Biden signed a first-of-its-kind executive order on crypto regulation Wednesday, calling for federal agencies to coordinate their ongoing work in evaluating digital assets and cryptocurrency regulation. (Anna Moneymaker/Getty Images) U.S. President Joe Biden signed a first-of-its-kind executive order on cryptocurrencies on Wednesday,...
"Money" will never be the same again after the Ukraine war, writes Zoltan Pozsar, and bitcoin may be a beneficiary. Coin depicting Julius Ceasar, 42 BCE (Art Institute of Chicago, modified by CoinDesk) Former Federal Reserve and U.S. Treasury Department official, and now Credit Suisse (CS) short-term rate strategist, Zoltan Pozsar has written the U.S. is in a commodity crisis...
Source: Adobe/SufianIn a time where data breaches that leak personal information online have become commonplace, buyingbitcoin (BTC)without having to complete an ID verification process is probably a good idea. Read on to discover four ways to buy bitcoin without an ID. Bitcoin ATMs Arguably the easiest way to buy bitcoin without ID verification is to use a Bitcoin ATM (BTM)...
First Mover Asia: The Petroyuan Is No Russia Sanctions Buster; Bitcoin 15% Gain Is Largest in a Year as Investors See Opportunity for Crypto The People's Bank of China maintains strict capital controls over the country's currency; bitcoin rose over $43,000 and most other major cryptos were well into the green.
The undisclosed investment will result in ICE becoming a significant minority shareholder in tZero and is another sign of the closing of the divide between equities and crypto assets. The undisclosed investment will result in ICE becoming a significant minority shareholder in tZero and is another sign of the closing of the divide between equities and crypto assets. The Intercontinental...
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