AI may lead to inflationary pressures: Bank of Canada

While the cryptocurrency industry is mostly centered around technology and data, the people who inhabit our sector are not without their creativity. This is seen not only in the various solutions and inventions they create, but also in their artistic (and often humorous) works.Over the years, folks of the crypto space have crafted songs based…

After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.Whenever markets disappoint traders with a negative surprise,…

The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013. Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it used its seed funding cash to buy BTC.Coinbase profits lose out to 2013 hodlersAhead of…

The views of the NSA whistleblower, who has been in Russia since 2013, seemingly clash with those of President Vladimir Putin, who has often worked against promoting decentralization. 629 Total views 16 Total shares Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in…

Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban.Legal measures not yet officially confirmedAt present, cryptocurrencies can…

The Canadian mining firm expected its Ether production to decrease by more than 20% quarter over quarter, while its Bitcoin mining would rise a modest 2%. 698 Total views 22 Total shares Publicly traded crypto mining firm Hive Blockchain is expecting to produce 6,900 Ether (ETH) and 670 Bitcoin (BTC) for the fiscal quarter ending on…

On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative…

The investigation centers around Ronaldinho's company '18kRonaldinho', which promised clients daily profits of over 2% through crypto investments. 423 Total views 7 Total shares Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country's…

Speaking at a conference on climate change, Gates affirmed his apprehension about the asset class, stating that it is "100% based on greater fool theory." 324 Total views 11 Total shares Tech billionaire, and currently the world’s fourth-richest person, Bill Gates, spoke at the TechCrunch climate change conference Tuesday about the progress society has made…