Search Results for: expenses

Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner

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Profitable bitcoin mining is essentially a result of an efficient and highly skilled team of professionals that can maintain runtime, a founder of a Bitcoin mining company has asserted. Zato, even when the price is hovering around $20,000, a bitcoin miner…

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…

IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’

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In a report published on Saturday, Mednarodni denarni sklad (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the…

Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

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Izrael’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, vendar, warns that any issuance of such digital currency will likely result in a decline of the volume of…

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

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The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if…

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

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The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages….

Kenijski poslovnež obtožen goljufanja vlagateljev za več kot $140 milijon

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Poslovnež in lastnik kenijskega nogometnega kluba, Ricardo Badoer, je bil obtožen, da je bleščal več kot $140 milijonov od vlagateljev prek njegove kriptovalute Aidos Kuneen. Grožnje zoper vlagatelje Glede na lokalno poročilo, Kenijski poslovnež Ricardo Badoer je obtožen…

The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

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All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global…