Author: Donald Munn
One of the main problems facing mining farms is that of heat generation. Indeed, the machines that extract the hashes work continuously at maximum power, and they do effectively turn all the enormous amount of electricity they consume into heat. For this reason, farms are often placed in cold places, where there is sufficient outside air to reduce the temperature of the rooms in which they operate. In the absence of fresh air, cooling equipment is used, which in turn consumes more electricity, driving up mining costs. Mining farms in Texas suffer in the heat The scorching Texas heat forces…
With concerns regarding the health of the stock-to-flow bitcoin price prediction model, as well as fears over a potential “miner capitulation” event, debate over whether the bottom is in has returned to Bitcoin Twitter. Uncertainty in the air certainly seems reasonable. After all, in recent weeks Binance has temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO Changpeng Zhao said in a tweet that the issue would be resolved within 30 minutes. But, he later amended his timeline, saying, “Likely this is going to take a bit longer to fix than…
The famous consulting firm of the Big Four, KMPG, will be responsible for the audit of the new stablecoin pegged to the British pound, GBPT. This project is being launched by fintech firm Blackfridge. Soon this so-called “pound token”, will be listed on dozens of crypto exchanges such as Gate.io, Bittrex Global and Uniswap, as announced on Monday. The stablecoin will be 1:1 with the pound, which means Black Fridge will have to secure exactly the same number of pounds with respect to how many tokens will be launched. The stablecoins are regulated in the Isle of Man, by the…
The world’s leading cryptocurrencies are being hit hard by the current bear market but there are a handful of coins that are continuing to grow and generate steady passive profits despite the downturn. One such coin is RBIS, the native token of ArbiSmart, an interest-generating wallet and financial services ecosystem. Over the last two weeks the coin has climbed over 60% and it is continuing to gain momentum. Meanwhile, analysts are projecting that by Q1 2023, the coin will have risen to 54 times its current value! A newly launched wallet The project was launched in 2019, and since then,…
Russia’s financial regulatory authority is ready to give the okay for international crypto payments. Russia: international crypto payments, but not within the country Russia attempts to settle international payments with cryptocurrencies Russia has long talked about the possibility of using cryptocurrencies as a means of payment for international transactions to overcome the difficulties the country faces due to sanctions imposed by the international community after the outbreak of the conflict in Ukraine. It was first reported in May by the Reuters news agency citing sources from the Russian government information agency, Interfax. Ivan Chebeskov, Head of the Finance Ministry’s Financial…
The G20 Financial Stability Board (FSB) has announced that it will submit its own regulation proposal to establish “solid regulation and oversight” of crypto. The G20 FSB puts forward a proposal for crypto regulation The crypto market clearly needs to be regulated The Financial Stability Board (FSB), an international body of the major industrialized countries that make up the so-called G20, which monitors financial systems and regulates markets in order to prevent financial crises, announced on Monday that it will submit its own proposal for cryptocurrency regulation in October. The international body explained in a lengthy press release the reasons…
The current crypto climate makes it tough to monetize digital assets securely, but an increasingly popular option is to place crypto capital in an interest-bearing wallet. Rather than leaving your capital to just sit there, as you wait for the market to recover, a wallet lets you put it to work generating consistent passive profits, even in a bear market. Right now, there is a great deal of buzz about the launch of a new, EU authorized wallet introduced this week by ArbiSmart (RBIS). Let’s examine it a bit more closely and see if it looks able to live up…
This week’s guest on the Cardano NFT Column is the founder of the first algorithmically-generated art on Cardano: unsigned_algorithms. Last week’s guest was a digital world with its own characters, stories and flavor, with an economic foundation that is based on blockchain technology. This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions.…
With the crypto market in freefall, digital currency owners are having to navigate a challenging financial landscape. While many crypto holders are just looking to stem the bleeding, and shield against further losses, other are looking for the smartest, safest way to profit from the bear market. Right now, one crypto opportunity stands out from the crowd. RBIS, the native token behind the ArbiSmart project, is steadily climbing in price, even as other coins crash and burn. So far, it has already risen by over 40% and analysts are projecting a jump from the current valuation of under $1 to…
The crypto market appears to be at its lowest for 2022, when the bear seems to never end. However, JP Morgan’s Nikolaos Panigirtzoglou claimed that the recent liquidity crisis in the cryptocurrency market may come to an end. ‘Bear market won’t last long’ Several JPMorgan financial strategists believe the current bear market has reached an advanced stage and will end soon. Bloomberg quoted a note written by JPMorgan strategists, including Nikolaos Panigirtzoglou. It stated that the recent downturn in the cryptocurrency market is a manifestation of the deleveraging process. The good news is that the current crypto deleveraging cycle will…