Crypto miners were at risk due to the lengthy downturn market that was compounded by a slew of major disasters. Defaulted loans, quarterly losses, and record-breaking increases in Bitcoin hashrate were just a few of the problems miners were experiencing. There was selling pressure as a result of all these
In an interview broadcast on CBS on Sunday, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), discussed the IMF’s outlook for the economies of the United States, the European Union, China, and the globe. She stated: “This is what we see in 2023. For most of the world
Luke Dashjr, a Bitcoin developer and one of the core developers, claimed his PGP (Pretty Good Privacy) key was hacked. This resulted in the theft of nearly almost 200+bitcoins on Dec 31. On January 1, he tweeted that the developer had stated that the hackers had gained access to his
Nikolay Shulginov, Russia’s Minister of Energy, has acknowledged the growing demand for energy from cryptocurrency miners in certain regions of Siberia. Media agencies covering cryptocurrency said that he said that more power plants may be needed to accommodate demand. Although Shulginov did not provide details. It is evident that the
Russia’s interim leader between Vladimir Putin’s two terms as president Dmitry Medvedev claims that the Bretton Woods monetary system will collapse next year, bringing down the International Monetary Fund and the World Bank with it. This week, he shared his predictions for the year 2023 in a series of funny
To prevent a devaluation of the bolivar, the Venezuelan government plans to monitor P2P cryptocurrency transactions. On December 20th, Venezuela’s banking watchdog Sudeban said that, with the support of Sunacrip, the country’s cryptocurrency regulator, it is developing a system to monitor financial transactions in real-time. While specifics were lacking. The
Robert Kiyosaki, the author of the book Rich Dad, Poor Dad, has highlighted the fundamental motivation for his investment in bitcoin. The famous author has speculated that limits imposed by the SEC would “crush” most other crypto tokens. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in
Shortly after being the fourth-largest crypto ATM hub in the world, El Salvador was overtaken by Australia. To the dismay of Bitcoin (BTC) pioneers in El Salvador, Australia has installed 216 cryptocurrency ATMs as we enter the year 2023, pushing the Central American nation further down the list. President Nayib
Bitfarms’ CEO, Emiliano Grodzki, has resigned in the wake of the bear market, following a long line of leaders in the cryptocurrency industry who have left their posts this year. Geoffrey Morphy is promoted from president and COO to CEO at the mining firm. Here is what Morphy had to
Giorgia Meloni, the prime minister of Italy, has pushed through a bill that would tax the sale of digital assets. Italy’s planned budget for 2023 includes a 26% tax on cryptocurrency earnings above €2000. Cryptocurrency dealers in the nation will feel the effects of the ruling. And taxpayers who report
