$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst

The accelerator will incubate new and innovative DeFi projects with a blockchain-agnostic outlook. 2234 Total views 13 Total shares Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem.Named DeFi.org, the accelerator focuses on supporting research and development of open-source…

Bitcoin (BTC) and Ether (ETH) have again risen to a new all-time high on Nov. 10, indicating that the trend remains firmly in favor of the bulls.In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017. Bitcoin had rallied…

The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan. 1, 2025. 253 Total views 2 Total shares The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for

Australia's financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors. 240 Total views 5 Total shares The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile”…

Twitter's secrecy on fake and spam account numbers on the platform is the main reason for tech mogul's decision, a Friday letter revealed. 521 Total views 21 Total shares In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter deal via a letter sent to the…