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Head To Head: Bitcoin Miner Revenues Surpass Ethereum But There’s More

The profitability of bitcoin mining has been dwindling compared to that of Ethereum in recent months. Ethereum miners had consistently surpassed bitcoin for almost a year. That is until now when the returns from bitcoin mining have taken the lead once more. Bitcoin Miners In The Lead Data shows that bitcoin miners have been recovering…

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Chinese Companies Will Verify Identities For NFT Purchases

Per a report from the South China Morning Post, Chinese private companies implemented an initiative to de-anonymize non-fungible token (NFT) trading. Called “Self-Discipline Initiative”, major companies in this country took the commitment to verifying users’ identity in the digital sector. Related Reading | Web3 Gaming Company Speaks Out, Nintendo GameCube Logo Plagiarized? The document was signed…

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Crypto Winter Makes Celsius To Cut Its Workforce By 25%

Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a time when low trading volumes have reduced revenue. Despite the market currently facing significant lows, industry leaders are speculating there is no light ahead, and the market will remain low for the whole of next…

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NFT Volume Down 93% Since January, Is This The Beginning Of The End?

NFT trading volume had seen a wild uptick back in the bull runs of 2021. By the start of 2022, the market had begun to reach its peak as interest blossomed. However, after hitting an all-time high in January of 2022, the volume had begun to dwindle. The following months would see lower values and…

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Biden Administration To Release Bitcoin Mining Report

The PoW mining sector is of interest to the Biden administration. The White House is getting ready to publish a report on blockchain mining, according to Costa Samaras, the Office of Science and Technology Policy’s (OSTP) principal assistant director for energy. Samaras noted: “It’s important if this is going to be part of our financial…

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Bitcoin Mining Piques The Interest Of The US‘ 2nd-Biggest Electric Company

Duke Energy, the second largest electric power provider in the United States, is reportedly considering bitcoin mining. According to reports, the company intends to incorporate bitcoin mining into its demand response approach. Lead Rates & Regulatory Strategy Analyst Justin Orkney revealed this on an episode of Troy Cross’ “Bitcoin, Energy, and the Environment” podcast. Orkney…

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Warba Bank Becomes 1st Islamic Lender To Enter The Metaverse

Warba Bank, an islamic bank headquartered in Kuwait, is the latest banking corporation from the Middle East and North Africa region to make a foray into the metaverse, a massive virtual realm centered on social interaction. In what has been heralded as a first for an Islamic lender, Warba Bank has announced that it now owns…

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Crypto Lender Vauld Halts Withdrawals As Stress Mounts

Vauld’s CEO has said that the crypto exchange is halting all trading, deposits, and withdrawals owing to financial difficulties. Vauld Suspends Withdrawal As it navigates “financial challenges,” Vauld, a Singapore-based cryptocurrency lending and exchange firm, has suspended withdrawals, trading, and deposits on its platform. The three-year-old firm, which has raised approximately $27 million from investors…

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The Central African Republic Unveils Sango Project, Disappoints The World

The Sango Genesis Event was revealing. Apparently, the Central African Republic president is as confused as MiamiCoin Mayor Francis Suarez and New York Mayor Eric Adams. Both of them got elected under a bitcoin platform and changed tune pretty quickly. President Faustin-Archange Touadéra, for his part, seemed to understand the mathematical miracle that bitcoin is,…

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