Venezuela Bans Crypto Mining To Protect Power Grid

Venezuela Bans Crypto Mining To Protect Power Grid 1

In a post on X, the National Association of Cryptocurrencies of Venezuela announced that the country has banned crypto mining to protect the power grid. Due to its high electricity requirements, the Venezuelan government has joined the list of nations that disapprove of cryptocurrency mining. The Ministry of Electric Power in Venezuela has revealed plans […]

Could Cryptocurrencies Become As Reliable As Gold?

Could Cryptocurrencies Become As Reliable As Gold? 1

When asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will become as stable as gold. This month, the prices of Bitcoin (BTC) and gold have both reached all-time highs. The value of an ounce of gold reached $2,222 last week, while […]

India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude

India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude 1

The Reserve Bank of India has requested the nation’s principal state-owned refiners to accept rupees for crude, starting the process of de-dollarization with Gulf exporters. It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations to pay for Russia’s crude […]

40 Countries Are Going For Elections In 2024

The international environment around the 2024 elections will be contentious and unstable, with 40 countries going for elections next year, including the USA, EU, and India. Elections in 2024 will impact about 2 billion people, or a quarter of the world’s population, including those in the US, EU, UK, Taiwan, India, and Russia. Some will […]

He Went After Crypto Companies. Then Someone Came After Him.

According to the statement, Kyle Roche went after more than a dozen crypto companies and filed cases against them. However, someone subsequently came after him. When he arrived in London in late January 2022, Kyle Roche was riding high. At just 34 years old, he had established himself as one of the biggest players in […]

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 […]

E-Rupee Worth Over Rs 130 Crore In Circulation: Nirmala Sitharaman

E-Rupee Worth Over Rs 130 Crore In Circulation: Nirmala Sitharaman

Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on Monday. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e₹-W) on November 1, 2022 and in the retail segment (e₹-R) on December 1, 2022.