Crypto Mining Uses More Energy Than Mining Metals
Crypto Mining

Crypto Mining Uses More Energy Than Mining Metals

The mining of cryptocurrencies uses a lot more energy than required to mine such as copper, platinum or gold. A research was published on this by the Nature Sustainability journal. It seems that cryptocurrencies are rapidly becoming a major contributor towards the already alarming pace of global warming. Thanks to …

BlackRock Waiting for Crypto To Be Legit
Cryptocurrency News

BlackRock Waiting for Crypto To Be Legit

BlackRock, the largest asset manager in the world is putting a hold on Bitcoin ETF for now. The company says that it is waiting for cryptocurrencies to become legitimate. BlackRock manages around $6.4 trillion in assets for its clients. Larry Fink, CEO, BlackRock like most of his Wall Street counterparts …

Crypto Regulation

Hong Kong Drafts New Plans for Crypto Regulations

The Securities and Futures Commission of Hong Kong (SFC) has announced its plans for regulating the cryptocurrency industry. The regulator published two drafts for cryptocurrency exchanges, cryptocurrency portfolio managers, intermediaries, and fund distributors. The first draft describes an approach that aims to bring cryptocurrency portfolio managers and fund distributors under …

Jamie Dimon: I Don't Give A Shit About Bitcoin | Coindelite News
Bitcoin News

Jamie Dimon: I Don’t Give A Shit About Bitcoin

Jamie Dimon, CEO of JPMorgan Chase has once again spoke against the world’s most popular cryptocurrency Bitcoin. Jamie had previously said that he would not be speaking about Bitcoin after receiving reactions for earlier comments on the subject. While speaking at Axios conference held in LA, Jamie said in response …

Singapore Hosts Token Day To Promote Cryptocurrencies
Cryptocurrency News

Singapore Hosts Token Day To Promote Cryptocurrencies

Following the 10 anniversary of Bitcoin’s launch, Bizkey has launched Token Day in Singapore. The blockchain-powered point-of-sales platform hopes to encourage users to purchase cryptocurrencies. This Token Day will be celebrated between October 31 and November 18th and it will educate the general population on the use of digital assets, …

Indian Govt to Decide Cryptocurrencies Within Two Weeks | Coindelite News
Cryptocurrency News

Indian Govt to Decide Cryptocurrencies Within Two Weeks

The Supreme Court of India has asked the country’s government to share their opinion about cryptocurrencies in two weeks. The court held a hearing on a number of petitions filed by local digital currency exchanges. The Internet & Mobile Association of India (IAMAI) has also filed a petition over the …

Blockchain to Decentralize Artificial Intelligence | Coindelite News
Blockchain News

Blockchain to Decentralize Artificial Intelligence

Multiple startups have developed products to make Artificial Intelligence (AI) more accessible and powerful. These firms are also looking for ideal ways to secure personal data using the blockchain technology. Venture capitalists, entrepreneurs, are trying to embrace the best features from Bitcoin (BTC), blockchain technology and Artificial Intelligence (AI). People …

Indian Crypto Exchanges Growing Via P2P Trading | Coindelite News
Crypto Exchange

Indian Crypto Exchanges Growing Via P2P Trading

In April 2018, the Reserve Bank of India (RBI) stopped banks from working with Indian crypto exchanges. Cryptocurrency exchanges such as Wazirx launched a Peer-to-Peer (P2P) trading service so that users can withdraw their cryptocurrencies in Indian rupees. More than tens of thousands new users signed up on Wazirx after …

$50 Million Mining Farm Starts in Armenia
Crypto Mining

$50 Million Mining Farm Starts in Armenia

Armenia has joined the list of the increasing number of countries that are facilitating cryptocurrency mining. As reported by the local media, on October 18th a new mining facility has been inaugurated in the country. This new mining farm costs $50 million and will be used for mining Bitcoin and Ethereum …

Crypto Craze is Fading Away Says Russian Bank Head | Coindelite News
Cryptocurrency News

Crypto Craze is Fading Away Says Russian Bank Head

The Central Bank of Russia’s head Elvira Nabiullina stated that crypto craze has started to fade away. Elvira was recently a part of country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17. While speaking at the conference, she signaled the change in the stances of “businesses” towards technologies …