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0 CommentsThe U.S. Federal Reserve singled out a surge in the price of cryptocurrencies for the first time in its overall assessment of the stability of the financial system. According to Bloomberg, the regulator noted the rise reflected the increased risk appetite by investors. The brief comment about “the surge in the prices of a variety…
The Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank argue to the G20 that central bank-issued digital currencies (CBDC) will benefit worldwide development. In a new joint report, they have proposed to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive…
Breaking crypto news from the last week (3 – 9 July 2021): 03 July: Bitcoin mining becomes more profitable, as China’s crackdown against crypto brings a significant part of miners to go offline and is relocating to other countries. 04 July: As cryptocurrencies remain a major source of investment, it still remains major questions about…
The crypto community, like any other large community, has its own myths and legends. Among them is the opinion that the American dollar will soon lose its significance and depreciate due to the crippling inflation, and then the crypto will become the main world currency. Let’s dispel this illusion. In the spring of 2020, at…
The Mechanicville, NY plant, an old hydroelectric power plant built in 1897, is now taken to mining Bitcoin using a share of the power produced. It’s an inspiring example of using renewable energy for mining amid criticism over carbon footprint. “We think this is the oldest renewable energy facility in the world that’s still running,”…
Sotheby’s sold Friday a rare 101.38-carat diamond for $12.3 million in cryptocurrency in a Hong Kong auction to an anonymous buyer. As it’s the highest price paid for gemstone or jewelry in crypto, the auction house called it “a milestone was reached in the adoption of cryptocurrencies.” According to Sotheby’s, a 101.38-carat pear-shaped D color…
