State Oregon Financial News

03.08 / 20:53

business Mining Texas Riot Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat

Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.

23.07 / 01:17

business Digital Currency Banks Africa Board urges Bank of Central African States to introduce common digital currency: Report

The Bank of Central African States, or Banque des États de l'Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board.

19.07 / 21:07

regulation Venture Capital Terra Financial Singapore's financial watchdog pushes back against Terra and 3AC associations

Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation.

14.07 / 21:59

Blockchain BURST Bitcoin restrictions Sri Lanka commits to crypto-restrictions despite economic crisis

Due to a lack of regulatory oversight at a time of economic and political upheaval, the Central Bank of Sri Lanka, or CBSL, has advised the public against purchasing cryptocurrencies.

13.07 / 16:35

Blockchain Adoption Bitcoin Survey reveals high penetration and adoption of crypto in Saudi Arabia

The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA) region.

12.07 / 23:39

regulation Asia Central Bank Warning Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence

Amid economic and political turmoil, the Central Bank of Sri Lanka, or CBSL, has warned the public against crypto purchases due to the lack of regulatory oversight.

12.07 / 00:39

business Mining Texas Crypto miners Crypto miners in Texas shut down operations as state experiences extreme heat wave

With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.

07.07 / 00:11

business Mining Texas Riot Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.

04.07 / 21:33

Government Law regulation restrictions Financial Singapore's financial watchdog considers further restrictions on crypto

The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers.

30.06 / 19:53

regulation Reserve Bank of India Reserve Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing:

24.06 / 12:51

Blockchain Ethereum Platform Bitcoin Carbon neutrality takes Polygon’s MATIC to the green

The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week. By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative. With credits equivalent to 104.794 tons of greenhouse gases, the network has successfully settled its CO2 debt since inception.

21.06 / 09:17

CEO Fighting Continental global economy Inflation is the 'biggest poison' for the global economy as recession risk rises, Deutsche Bank CEO says

Europe and the U.S. face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing.

17.06 / 05:45

cryptocurrency solana avalanche Bitcoin Crypto price today: Bitcoin tops $22,000; Solana, Avalanche zoom up to 18%

Bitcoin and other major crypto tokens rebounded sharply on Thursday, marching in line with the equity markets, after the rate hike outcome of the US Federal Reserve. The Fed on Wednesday raised interest rates by 75 basis points or three-quarters of a percentage point. It is the biggest rate hike in 28 years, part of an ongoing effort to bring down soaring inflation. Barring the dollar-pegged USD Coin, the majority of the crypto tokens were trading with solid gains on Thursday. Solana zoomed about 18 per cent, whereas Tron rallied 15 per cent. Avalanche and Polkadot gained 10 per cent and 12 per cent, respectively.

27.05 / 08:35

Blockchain Ethereum Stablecoin Terra Vitalik: How to create algo stablecoins that don't turn into ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.

19.05 / 20:21

business Adoption Tether education Tether launches crypto and blockchain education program in Switzerland

Switzerland’s southern city of Lugano will host a blockchain- and cryptocurrency-focused school as part of a partnership between the local government and Tether.

19.05 / 00:15

business regulation Elections Fried PAC Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed by billionaire FTX CEO Sam Bankman-Fried. The PAC paid for a flood of advertising supporting Flynn.

17.05 / 00:47

Law regulation Department Of Justice US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.

06.05 / 14:23

Blockchain UPS Platform Apexaverse ($AXV) Token Sale Goes Live, Set to Release the Game Trailer

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

27.04 / 19:39

Law regulation Africa Bitcoin Central African Republic will adopt Bitcoin as legal tender: Report

The roughly five million residents of the Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country's franc as legal tender.

25.04 / 23:49

business Blockchain YouTube A message from Cointelegraph’s CEO Jay Cassano and editor-in-chief Kristina Lucrezia Cornèr

While at Paris Blockchain Week Summit,or PBWS, Cointelegraph's chief executive officer Jay Cassano and its editor-in-chief Kristina Lucrezia Cornèr addressed Cointelegraph readers in a YouTube video. Upon the heels of the Cointelegraph France edition going live and the team's thorough coverage of PBWS, Cassano and Cornèr reflected on Cointelegraph's expansion and mission.

25.04 / 04:41

Carbon Emission a serious crypto problem, warrants more sensitivity: Experts

World Earth Day, carbon emission in the globe due to crypto missing and transactions is a much discussed issue. Carbon footprint left behind by mining crypto assets. According to a sustainability think tank called Thinkthrough Consulting, the Bitcoin network consumed 131.80 TWh (terawatt-hours) of power in 2020 in order to execute the algorithms that power its mining operations. For context, that is the equivalent to the power consumed by the entire country of Argentina. Bitcoin production is estimated to generate between 22-22.9 million metric tons of carbon dioxide emissions a year, equivalent to emissions by countries like Jordan and Sri Lanka, or about 1 per cent global electricity consumption.

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