Crypto Updates – Page 2 – WORLD CRYPTO BUSINESS

Paraguayan Cryptocurrency Law Shelved After Presidential Veto

[ad_1] The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities... Read more »

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

[ad_1] Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of... Read more »

India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

[ad_1] An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product... Read more »

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

[ad_1] The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports... Read more »

Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

[ad_1] Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders.... Read more »

Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready

[ad_1] Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency... Read more »

Court in China Recognizes NFTs as Virtual Property Protected by Law

[ad_1] A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a... Read more »

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

[ad_1] On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and... Read more »

US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’

[ad_1] U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges... Read more »

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

[ad_1] The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The... Read more »