Cryptocurrency miners are facing energy crunch in Kazakhstan
The country now sits in the number two spot — just behind the US — as one of the hottest crypto mining spots, according to data from the University of Cambridge.
India to prohibit private crypto coins with ‘certain exceptions’
Local crypto currency exchanges are also growing exponentially. CoinDCX, backed by B Capital, and CoinSwitch Kuber, backed by a16z and Coinbase Ventures, became unicorns this year.
U.S. banking regulators to clarify banks’ crypto role in 2022 – statement
While not providing details, the agencies said the rapid growth of cryptocurrency presents “potential opportunities and risks” for traditional banks
Japan’s biggest banks plan blockchain payment using digital currency
Separate groups are exploring several use cases, including electric power P2P trading, security tokens, retail payments, industrial settlements, regional coins, and NFTs
Hong Kong newspaper SCMP partners with museums for historic NFTs with Flow blockchain
Meanwhile, Time Magazine will begin publishing content on the metaverse, and Vogue Singapore dedicated its September issue to NFTs.
Thai Buddhist temple’s digital currency raise concerns among officials
The Securities and Exchange Commission warned against investing in the temple’s currency
Criminals targeting Bitcoin ATMs: FBI
The pressing issue is that it becomes difficult for law enforcement to track crimes involving cryptocurrencies which leaves a thin chance to recover lost funds for victims
El Salvador to build an ocean side ‘Bitcoin City”
Bitcoin has been legal tender in El Salvador alongside the U.S. dollar since Sept. 7.
Crypto is still not a legal tender but innovations under stringent overnight possible
As crypto doesn’t derive its value from any underlying assets or earnings, the authorities find it unsettling.
Is Anand Mahindra making millions investing in cryptocurrency?
Anand Mahindra took to Twitter to dismiss all the reports of him investing in cryptocurrencies along with a few screenshots of news reports stating that he earns millions every day through crypto investments.