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Inner Mongolia, the autonomous region of China, plans to terminate current and future cryptocurrency mining projects around the area as part of its attempt to reduce energy consumption. On February 25, the Inner Mongolia Development and Reform Commission released an online draft of its 2021 plan to cut back on the consumption of energy. The […]

Minister of Energy in Belarus Viktor Karankevich officially announced this February 26th that they will start exploring the possibilities of moving into the cryptocurrency mining industry. Since the crypto mining industry is rapidly growing all over the world in countries like China, Canada, Russia, and the United States, the minister stated that they might move

The Dogecoin blockchain data revealed that an anonymous investor currency holds 28% of the meme currency. According to the report by Wall Street Journal, no one knows the identity of the holder who owns US$1.2 billion worth of Dogecoin. As seen on the Dogecoin blockchain explorer, the anonymous address currently holds 36.8 billion tokens that

Bitcoin reached another all-time high of US$58,000 on Sunday, February 21 extending its two-month rally. The top-performing cryptocurrency now has a market capitalization of US$1 trillion. At the start of the year, the price of Bitcoin was around US$34,000 and gained almost a 76% increase since then. The cryptocurrency hit multiple all-time highs over the

Japanese financial conglomerate SBI Holdings Inc (Strategic Business Innovator) is negotiating to set up a joint cryptocurrency venture with international financial firms. Reuters reported that SBI aims to extend its current crypto activities and make it a major revenue source. SBI Holdings CEO Yoshitaka Kitao said that the merger and acquisition strategy is to collaborate

The Indian government plans to impose two new tax laws with an aim to reduce digital currency transactions within the country this 2021. These laws will be imposed by April, according to the report released by the country’s finance ministry. In addition to that, India’s finance minister Arun Jaitley says that these laws are needed

Smart Contracter, the crypto strategist who gained popularity for predicting the collapse of Bitcoin in 2018, said that the following weeks will see a decline in the performance of altcoins. The analyst based his speculation on the Bitcoin Dominance Index showing Bitcoin’s continuous rally in dominating the market. ‘Took profit on a whole bunch of

DeFi yield aggregator protocol Yearn.finance (YFI) lost US$11 million on a recent cyberattack where an unidentified hacker profited US$2 million. The hacker took advantage of YFI’s flash loan feature that allows users to borrow and repay funds in rapid succession without the need for collateral. In a tweet last February 5, YFI reported the yDAI

Credit card companies VISA and Mastercard recently announced their plans to support cryptocurrency adoption in their payment services and other institutions later this year. Visa aims to actively help banks integrate cryptocurrencies into their services. Meanwhile, Mastercard disclosed plans to include crypto transactions in their network services. VISA to help banks support crypto American credit

Ethereum’s price shot up to an all-time high of $1,651.27 on February 3 because of a surge in customer demand for crypto coins despite reports of an ETH supply shortage. This comes after the first month of 2021 where ETH price was at $1.4K. Glassnode, a crypto market data and intelligence platform released a graphed