Mega Corporation, Blackrock Offers Clients Crypto Trading

In the past months, very influential and famous mega corporations have announced various initiatives concerning the digital economy. The latest reports show that the biggest asset manager worldwide is hopping into the crypto vision. BlackRock might start Trading Bitcoin for its investors. Currently, the assets under the company’s management are approximately $10 trillion. Trading Of … Read more

Crypto Mining Spikes Electricity Consumption in Irkutsk

Electricity distributors in the Russian province of Irkutsk have seen increased home electricity usage that they attribute to cryptocurrency mining. Planes carrying banned Chinese mining machines keep landing in the area, and incidences of gear stealing have considerably surged. Irkutsk Faces Increasing Electricity Demands  Companies ensuring the electricity supply in the Russian area of Irkutsk … Read more

Bill Ackman Urges New York Lawmakers to Prioritize Cryptocurrency Innovation

United States billionaire investor Bill Ackman has urged the New York legislators to ease its strict crypto regulations to foster innovation in the state. The founder of Perishing Square Capital revealed in a tweet pointing to New York City Mayor and the State’s Governor that New York must do something right away to prevent Yorkers … Read more

Mayor Of New York, Eric Adams Against Mining Of Bitcoin

Following the recent decision of the United States to release a law to regulate cryptos and crypto-related activities, there has been a series of comments. One such related activity is the mining of Bitcoin. Recently, the Mayor of New York City, Eric Adams, made known his displeasure concerning the mining of cryptocurrencies. This did not … Read more

Russia Has Potential to Make 1 Trillion Rubles from Taxing Crypto

Strength of the Unseen Currency A Russian news agency, The Bell, got access to some semi-classified information from Russian government circles that helped its speculation on the approximate tax from crypto trading in the Eastern European country. Some Russian sectors of authority, which include the Central Bank of Russia, are having a discussion with the … Read more

Ethereum to Launch New Transaction Structure to Reduce Gas Fees

Vitalik Buterin, the co-founder of Ethereum, recently discussed a near-future overhaul that might increase rollup capacity before completing complete sharding. Ethereum 2.0 has recently been moved back to mid-2022 due to delays. The Beacon blockchain, which launched in December last year, is planned to combine with the mainnet by June. Sharding, which would be needed … Read more

Web3 Will Be Transformed by Gas-Free Operations

People can employ L2 chains in the next wave of DeFi, engaging openly or near-zero prices with updated Decentralized Finance uses. One of the key roadblocks in DeFi applications is scalability, which has generated significant entrance obstacles. The issue of expensive gas fees has been tightly connected to this, and it remains a significant source … Read more

Don’t Accept Digital Yuan, US Lawmakers Warn Team USA Ahead of Winter Olympics

As American athletes prepare for the upcoming winter Olympics in Beijing, they have been warned not to receive digital Yuan. A lawmaker, Tom Emmer, posted the warning on his Twitter page. Yuan is the digital currency used by China. Claims Of US Lawmakers  After the opening ceremony of the Beijing Olympics, which took place on … Read more

Solana (SOL) Recovers after Wormhole Retrieved Stolen $325M

Wormhole network declared restoring $325M lost to hackers on Thursday. SOL price saw a 6% overnight gain after the platform retrieved the lost funds The wallet associated with the hack holds 93,750 ETH in balance; it is still unclear whether the hacker returned the money. Solana (SOL) recovered from the downtrends after the largest decentralized … Read more