The U.K. Treasury is canceling its plans to release a government-backed non-fungible token (NFT) aimed at making the United Kingdom a global crypto hub.
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The international fast food giant Burger King has introduced Instpower power bank rental machines that accept cryptocurrency payments at its Paris locations. The machines are connected to crypto payment services Alchemy Pay and Binance Pay.
A federal judge paused Voyager's efforts to sell its assets to Binance.US in response to the U.S. government's filing for an emergency stay.
The number of irretrievably lost bitcoins has now reached 6 million, which leaves 13.3 million as coins that remain in circulation, Timothy Peterson of Cane Island Alternative Advisors has said. Peterson added that out of the 1.7 million bitcoins that will be mined in the next 100 years or more, one million coins will be lost in the same period.
Ethereum price started a fresh decline from the $1,860 resistance against the US Dollar. ETH could move down below $1,730 if it stays below $1,800 for a long time.
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UBS’ decision to acquire its rival, Credit Suisse, has, of course, shaken up the financial industry once again. It comes a week after the collapse of Silicon Valley Bank (SVB) and Signature Bank in the United States, signaling that the financial situation is far from improving.
These titans are pushing crypto ecosystem innovation and acceptance in distinct ways. This article examines Ethereum and Bitcoin’s merits in the changing crypto ecosystem.
The bitcoin mining industry has suffered a bear market lasting over a year. Miners lost the vast majority of their market capitalizations, resulting in companies seeking alternative sources of income, like taking subsidies for modulating municipal power grids, monetizing flared gas, or wholesaling stranded energy contracts.
It has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries that extract value from both the provider and recipient. Looking under the hood at these arguments, however, shows a more complicated picture. So far, crypto assets have brought none of these benefits
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