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Crypto News from the USA / Sanctions could hurt Russia’s multibillion-dollar crypto industry

« on: April 24, 2022, 03:09:10 PM »

This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in its latest round of sanctions aimed at hurting Russia’s economy. The Treasury Department’s Office of Foreign Assets Control says it is concerned Russia may monetize its vast oil reserves and other natural resources for power-intensive crypto mining as a way to raise funds and get around western sanctions.
https://worldabcnews.com/sanctions-could-hurt-russias-multibillion-dollar-crypto-industry/

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Crypto Discussion / Tesla could start accepting cryptocurrency again – Musk talking with miners

« on: June 03, 2021, 03:14:09 PM »

Throughout the month of May SpaceX CEO Elon Musk has been sending out messages of support for cryptocurrencies – but last month the billionaire’s company declared Tesla would be halting their acceptance of bitcoin as a payment method. The Tesla CEO was concerned about bitcoin’s energy usage, although a recent study claims bitcoin mining only uses a fraction of the energy that the traditional banking system does. This study by Galaxy Digital Mining echoed a similar finding by the University of Cambridge’s Centre for Alternative Finance.

https://worldabcnews.com/bitcoin-price-tesla-could-start-accepting-cryptocurrency-again-musk-talking-with-miners-city-business-finance/

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Crypto Discussion / DubaiCoin price: What is DubaiCoin? New cryptocurrency

« on: May 28, 2021, 08:35:40 PM »

DubaiCoin is not affiliated with the emirate, the Government has said.
The Government also warned that DubaiCoin may well be an elaborate scam that could cost investors their cash.

“Dubai does not have an official cryptocurrency,” the Dubai Media Office tweeted on Friday, claiming that it is an elaborate phishing scam.

The coin was launched by UAE-based company Arabianchain Technology.
The company claims to be the first public blockchain based cryptocurrency in the Arab world.

https://worldabcnews.com/dubaicoin-price-what-is-dubaicoin-new-cryptocurrency-city-business-finance/