THE DAILY ENCRYPT

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Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision

Game Lounge is Taking a New Approach to Metaverses with its Personal, Digital Gaming Rooms

Metaverses have become increasingly popular, with market size growing from $46 billion in 2020 to a predicted $800 billion by 2024. Metaverses create a comprehensive universe, combining all companies’ offerings into one convenient virtual space. For the digital asset space, this typically refers to NFTs, tokens, and more coming together in one experience, typically around

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El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender

El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government explained. El Salvador’s Economy Boosted by Bitcoin Law The Salvadoran government has outlined some economic benefits resulting

TA: Bitcoin Recovery Halts, Technicals Suggest Fresh Decline To $36K

Bitcoin is struggling to recover above the $38,400 resistance zone against the US Dollar. BTC could resume decline if it stays below the $38,500 level. Bitcoin is currently facing resistance near the $38,400 and $38,500 levels. The price is trading below $38,500 and the 100 hourly simple moving average. There is a crucial bearish trend …

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