Crypto Updates – Page 2 – WORLD CRYPTO BUSINESS

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 »

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

[ad_1] Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open,... Read more »