Kazakh crypto miners remain hopeful, assess satellite option amid unrest
Internet blackouts are partially restored but access remains unpredictable to support full crypto mining, industry players say.
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Is Bitcoin’s rocky start to 2022 a sign of things to come?
The 2022 crypto market has had a tough start as Bitcoin and Ethereum dipped below significant price points. But crypto experts say it’s not all doom and gloom.
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Binance CEO Changpeng Zhao is the richest Asian, Bloomberg data shows
Binance CEO Changpeng Zhao is now the richest Asian person with an estimated net worth of US$96 billion, even without counting his crypto fortune, according to the Bloomberg Billionaires Index. Fast facts The daily index ranks the world’s 500 richest people, a list on which the 44-year-old Canadian founder would place 11th, according to the…
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China officially labels crypto mining as ‘obsolete’
China’s top economic planning body has officially designated crypto mining as “obsolete,” reinforcing government efforts to stamp out the industry entirely. Fast facts
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US central bank chief says he will tackle higher inflation
Federal Reserve Chairman Jerome Powell will reiterate his pledge to prevent entrenched inflation, in testimony released before his Senate nomination hearing on Tuesday. Fast facts “We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,” he said in a statement prepared for delivery.…
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Aussie tennis star rides NFT wave as Australian Open looms
Australian cryptocurrency exchange BTC Markets has partnered with the country’s No. 2 tennis star Ajla Tomljanovic ahead of the Australian Open to release limited edition non-fungible tokens (NFTs). Fast facts The NFTs will be in the form of Proof of Attendance Protocol, akin to a digital concert ticket stub proving attendance, that will allow owners…
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Taiwan icon Jay Chou’s PhantaBear NFT dethrones Bored Ape Yacht Club
A new non-fungible token (NFT) collection backed by Taiwanese superstar Jay Chou has dethroned Bored Ape Yacht Club (BAYC) on the OpenSea NFT marketplace in trading volume, reflecting growing interest in celebrity-endorsed digital collectibles. Fast facts The PhantaBear NFT series, co-created by Jay Chou’s hipster brand PHANTACi, sold out its 10,000 algorithmically-created NFTs on Jan.…
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Is the CFTC expanding its powers over crypto without authorization from Congress?
The CFTC is asserting greater regulatory powers over the crypto industry than ever before. But does the agency have the statutory backing to do so?
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China’s digital yuan wallet gets 16 million downloads in debut week
China’s pilot e-CNY wallet application, currently available in a dozen major cities, topped 16 million downloads in the first week after its launch, according to two data providers. Fast facts