On Wednesday, February 16, 2022, the Russian financial ministry expressed a soft corner for the development of cryptocurrency. The ministry asked for Government help to regulate crypto investing, trading, and mining in Russia rather than putting a complete ban on it as advised by the central bank of Russia. Related Readings | Former Russian President
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Electricity consumption has been one of the major concerns with the advent of cryptocurrencies especially Polkadot. Though with models running with the Proof-of-Stake (PoS) consensus mechanism, this electricity use seems to be minimal since their process for transaction validations is staking. But the story is not the same for those running with Proof-of-Work (PoW) such …
Polkadot Electricity Consumption Is Less Than Solana, Bitcoin, And Ethereum Read More »
The price of Bitcoin fell below $44,000, and many altcoins followed suit. Ethereum struggled to maintain its value around the $3,000 mark while other cryptocurrencies dropped even further, including Cardano, Solana, BNB, and many more. Bitcoin is trading below the 50-day moving average for the first time in five weeks, after briefly reaching a high …
Market Update: Bitcoin Immersed To $43,000: Ether Struggled To Maintain $3,000 Read More »
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