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Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis

Malaysian police recently arrested five cryptocurrency mining operators that were caught stealing electricity from a state-owned power firm, Sarawak Energy Berhad (SEB). Officials Crack Down on Cryptocurrency Mining Operations During a joint inspection put together by SEB, Malaysian police and the Electrical Inspectorate Unit (EIU) – a department operating under Sarawak Ministry of Utilities – discovered the illicit activities. The operation had … Continue reading Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis

Ethereum City Builder MCP3D Goes DeFi with $MEGA Token October 28

Recent months demonstrated explosive growth of decentralized finance with $13 Billion in total value locked. Normally, games are the first thing to take off on new platforms, and seems like DeFi is not an exception here. The most obvious precedent here is the decentralized city builder dApp game MegaCryptoPolis 3D (MCP3D) is not a new … Continue reading Ethereum City Builder MCP3D Goes DeFi with $MEGA Token October 28

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Chengdu, the capital city of China’s Sichuan province, seeks to form a blockchain application to revolutionize cross-border trade, urban governance, smart manufacturing, government services, smart education, financial services, smart healthcare, and smart agriculture by 2022. Creating 30 typical blockchain application scenarios This information was disclosed during the city’s international blockchain industry expo dubbed the 2020 … Continue reading Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

The continuous money laundering and fraud activity in the Chinese crypto space and telecoms has resulted in cryptocurrency miners paying the price because they are finding it challenging to pay electricity bills, with banks freezing cards linked to crypto transactions. 74% of crypto miners have been on the receiving end, according to local news outlet … Continue reading Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital

Pantera Capital, a crypto investment company recently published a report indicating that the entry of payment giant PayPal integrating Bitcoin and other cryptocurrencies into its platform gave a significant rise of Bitcoin price, and now it is not known where the rally will stop. In its official blog, the US-based investment company reveals that Bitcoin scarcity … Continue reading Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

As part of its continued efforts to launch its digital yuan dubbed the Digital Currency Electronic Payment (DCEP), China’s central bank is scheduled to test its central bank digital currency for the second time in Suzhou on December 12. The city located in Jiangsu Province of East China will play host to a shopping festival … Continue reading Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

Bitcoin Billionaire Tyler Winklevoss Pushes BTC Scarcity as 26% of US Dollars Were Printed in 2020

The Bitcoin price has more than doubled in less than a month with easy monetary conditions and trillions of dollars in fiscal stimulus leading many investors to view the token as a new inflation hedge. The Trump administration reported in early October 2020, that the deficit for the budget year that ended on Sept. 30, … Continue reading Bitcoin Billionaire Tyler Winklevoss Pushes BTC Scarcity as 26% of US Dollars Were Printed in 2020

EIP 1559 — ETH 2.0 and the Scarcity of Ethereum

Due to its scarcity, Bitcoin is fast being recognized as a hedge against the depreciating value of the United States dollar and the threat of impending inflation on the back of government stimulus spending. But so too is the second-largest cryptocurrency—Ethereum. We all know that Bitcoin has a maximum supply capped at 21,000,000 BTC. In reality, … Continue reading EIP 1559 — ETH 2.0 and the Scarcity of Ethereum

Democrat Andrew Yang Wants New York City to Be a Hub For Bitcoin and Crypto

Democratic candidate running for the office of New York City Mayor, Andrew Yang has expressed his willingness to turn the city into a hub for Bitcoin (BTC), and other cryptocurrencies. Revealing his plan via Twitter, Yang said that “as mayor of NYC – the world’s financial capital – I would invest in making the city … Continue reading Democrat Andrew Yang Wants New York City to Be a Hub For Bitcoin and Crypto

Bitcoin Mining Are Thriving with Cheap Electricity in Argentina

While the cryptocurrency market experiences a bloodbath globally recently, Bitcoin miners in Argentina thrive as they take advantage of complex energy policies. In Argentina, Miners are thriving due to serval factors like rampant inflation, energy subsidies, and currency controls. In other words, the rise of capital controls and ultra-low utility rates are helping crypto miners to … Continue reading Bitcoin Mining Are Thriving with Cheap Electricity in Argentina

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