Europe Approves World’s First Cryptocurrency Regulations

On May 16, EU ministers approved the Markets in Crypto-Assets (MiCA) legislation, making it the world’s first cryptocurrency regulations. The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors. The markets in […]

Visualizing The Number Of Failed Crypto Coins, By Year (2013-2022)

These graphics from CoinKickoff break down and visualize the number of failed crypto coins by year (2013-2022). Ever since the first major crypto boom in 2011, tens of thousands of cryptocurrency coins have been released to market. And while some cryptocurrencies performed well, others have ceased to trade or have ended up as failed or abandoned […]

Will Biden’s Plan To Tax Crypto Mining Reduce Emissions?

According to Worldometer, the global energy consumption of Bitcoin mining alone is estimated at around 0.59% of the world’s energy usage. Therefore, Biden’s plan to tax crypto mining might help reduce emissions. Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe […]

Russia Sees Crypto As ‘Necessary Evil’

Deputy Finance Minister Aleksey Moiseev said that he and the Bank of Russia see crypto as a ‘necessary evil’. Russia’s Finance Ministry has warned about the dangers of investing in cryptocurrencies, although it acknowledged that digital assets could be useful in certain situations. Deputy Finance Minister Aleksey Moiseev described cryptocurrencies as “an evil,” adding that the Bank […]