Iran cuts off electricity to crypto miners to save energy for the summer period
    21 Jun 2022
    23 Views

    Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country to ensure the enough power supply for the citizenry. This decision will be implemented on June 22, Tehran Times reported. A spokesman for the Iranian Energy Ministry, Mostafa Rajabi Mashhadi, said that…

    FTX CEO says Alameda could ‘step in’ to prevent wider crypto collapse
    21 Jun 2022
    16 Views

    FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius. The downward trajectory that has greeted the crypto market…

    Dubai’s crypto exchange Billium launches platform with copy trading function
    21 Jun 2022
    23 Views

    Billium, a Dubai-based crypto trading platform, has announced that a new copy trading functionality is on its way. With it, investors will reportedly be able to earn sizable profits regardless of personal experience or background. According to a press release, copy trading allows users, especially new investors, to make as much profit as possible by…

    MetaDecrypt Web 3.0 Summit will be held at Dubai’s Museum of Future on July 2-3
    20 Jun 2022
    35 Views

    MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…

    Crypto Trends Weekly June 11 – 17
    20 Jun 2022
    19 Views

    Breaking crypto news from the last week (June 11 – 17, 2022): June 11: The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost…

    As Ethereum mining is going away, miners are not happy, Bloomberg reports
    20 Jun 2022
    49 Views

    The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg. The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…