crypto

17

Oct

The crypto industry is still waiting for its ‘iPhone moment’

The most important innovation that the iPhone brought — which the crypto space needs to gain mass adoption — is the user experience. This year, a great crypto cycle has played out with new all-time highs, euphoria and mainstream media paying lip service to the crypto trend du jour. However, the uncomfortable truth for us in the industry is […]

crypto

16

Oct

Q3 saw significant crypto market recovery from May crash, says new report

Despite anti-crypto regulatory policies, the cryptocurrency market made steady gains throughout Q3 2021. Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization dipping even further in late July below the[…]

ethereum

15

Oct

Aurora raises $12M in debut funding to scale Ethereum ecosystem

The solution recently joined forces with Etherscan to provide blockchain statistics to its native developers. Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has announced a $12-million debut funding round. The round included over 100 venture capital investors, including Pantera Capital and Electric Capital. According to an official[…]

chinese flag flowing

15

Oct

Crypto topics censored on Chinese social media

This week China is back to work after its week-long national day celebrations, an event that is always filled with flag-waving, military parades and enthusiastic nationalism. This year’s version was intensified by the recent homecoming of Huawei executive Meng Wanzhou after three years of detention in Canada, as well as heightened tensions in the Taiwan Strait. Government[…]

crypto

15

Oct

Mexico’s president rules out accepting crypto as legal tender

The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject. President of Mexico Andrés Manuel López Obrador said the country was unlikely to follow in El Salvador’s footsteps by adopting[…]

mining

15

Oct

Canadian city plans to supply residents’ heat using Bitcoin mining

The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000. MintGreen, a Canada-based cleantech cryptocurrency miner, will be partnering with the Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022. In a Thursday announcement, MintGreen said its “digital boilers”[…]

crypto

14

Oct

Russia considers new energy tariffs as Chinese crypto miners relocate

Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following a migration of the industry into the country from nearby China. Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on[…]

putin

14

Oct

Too early to talk about using crypto for oil trading, says Putin

The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.” Russian President Vladimir Putin believes that it’s “still premature” to use cryptocurrencies for settling trades of energy resources such as oil. The Russian president discussed potential use cases of cryptocurrencies in a Thursday CNBC interview following a plenary[…]

cbdc

14

Oct

G7 leaders issue central bank digital currency guidelines

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system. Group of Seven advanced economic nations has been discussing central bank digital currencies (CBDCs) this week, concluding that they should “do no harm” and meet rigorous standards. Finance leaders from the G7 met in Washington on Oct.[…]