Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
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Russian security agency wants exchanges to share data with crime investigators
The measure comes along with a proposed ban on advertising of non-licensed crypto services. 214 Total views 3 Total shares Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms…

Banking system consumes two times more energy than Bitcoin: research
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. 4140 Total views 21 Total shares Amid the ongoing concerns over Bitcoin's (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin…

Some Venezuelans May Be Able to Pay for New Passports Using Bitcoin
Venezuela’s government reportedly accepts Bitcoin as a payment method for some passport applications. 779 Total views 12 Total shares Venezuela's Administrative Service for Identification, Migration and Foreigners, known as SAIME, plans to accept bitcoin (BTC) as a new payment method for citizens seeking a Venezuelan passport. The information was originally leaked via a Reddit post…

Income Inequality: Can Bitcoin or Other Cryptocurrencies Fix This?
The COVID-19 pandemic has forced economies to a halt and stretched the central banking system. Central banks have been printing money on a scale like never before, which makes the 2008 financial crisis pale in comparison. Over $2 trillion dollars were printed to stabilize the markets and increase liquidity.Back in 2008, Bitcoin (BTC) was created…

German Blockchain Strategy Should Include Framework for Crypto Trading, Say Politicians
German parliamentary speakers have argued that the country’s blockchain strategy should include an appropriate legal framework for cryptocurrency trading and token issuance that would encourage the sector’s domestic development.The suggestion was put forward by the Union parties’ finance spokesperson Antje Tillmann and her colleague Matthias Hauer at a public hearing initiated by the Bundestag’s Finance…

Bitfarms adds board member to deter Riot Platforms takeover
Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.

EU Must Coordinate Crypto Regulation to Become Global Leader: AFME
Europe has the potential to become a global leader in crypto-assets if it succeeds to create a common approach to regulating the sector. So goes the argument in a new report from financial markets advocacy group, The Association for Financial Markets in Europe (AFME), in a new report published on Nov. 14.Coordination remains the top priorityAFME’s…

Bitcoin traders say $40K is the ‘line in the sand’ after BTC and stocks sell-off
BTC price plummeted to $41,750 as global markets, stocks and altcoins corrected in the face of escalating tensions between Russia, the United States and Ukraine. 1950 Total views 4 Total shares The quick-moving volatility that the cryptocurrency market is known for reared its ugly head on Feb. 17 as ongoing tensions between Russia and Ukraine and…