Ethereum Will Reduce Energy Use by 99.95% With PoSEthereum’s shift from PoW to PoS will cause its energy consumption to fall by 99.95%.
The update comes from the Ethereum Foundation’s blog, which compares the usage now and after the shift.
Further, he adds that Ethereum will become 7,000 times more energy-efficient than Bitcoin.
Ethereum is out…[Read more]

Explainer: What Beijing’s new crackdown means for crypto in ChinaNew crypto project $STOPELON has launched on Binance Smart Chain.
The project aims to take control of Tesla (NASDAQ:TSLA).
$STOPELON price has surged over 1000%.
A new crypto project recently launched on the Binance Smart Chain. The projected called $STOPELON has surged 1,800% in…[Read more]

Explainer: What Beijing’s new crackdown means for crypto in ChinaSHANGHAI (Reuters) – Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money.

Compared with a previous ban issued in 2017, the new rules…[Read more]

Bitcoin, ethereum plunge as sell-off smashes crypto sectorNEW YORK/LONDON (Reuters) – Bitcoin and ether tumbled on Wednesday to 3-1/2 month lows, on track to post their largest one-day loss since March last year, in the wake of China’s move a day ago to ban financial and payment institutions from providing cryptocurrency services.

At one point…[Read more]

ethbox’s EBOX Now Listed on PancakeSwapethbox just announced on Twitter the news of its listing on PancakeSwap.
It is currently offering the trading pair EBOX/BNB.
The company aims to contribute majorly to crypto mass adoption.
ethbox’s native token EBOX has just been listed on PancakeSwap! The blockchain tools platform tweeted the ann…[Read more]

Ark Investment Reports $20M Holdings in Ethereum TrustArk Investment has reported holdings of 639,069 shares in Grascale’s ETH Trust.
Etherium fans have taken the investment as a bullish sign.
Ark Investment also owns large holdings for Bitcoin.
Ark Investment has reported holdings of 639,069 shares in Grayscale‘s Ethereum Trust for Q1. The sha…[Read more]

Colonial Pipeline Hackers Siphon $90 Million in BitcoinColonial Pipeline hackers got away with over $90 million in bitcoin.
The FBI is blaming DarkSide cybercrime group for the attack.
DarkSide allegedly shut down last week.
The hackers responsible for the Colonial Pipeline ransomware attacks allegedly got away with $90 million in bitcoin. The FBI…[Read more]

Indian Government to Discuss Crypto BanThe Indian government is rethinking the discussion of crypto regulation in India.
The government might form a new committee to discuss the old sanctions on crypto.
According to local news, the Indian government is rethinking the discussion of crypto regulation in India.

The news comes amid the current view…[Read more]

Crypto Market Crashes, Bitcoin at $33,000Bitcoin price has fallen by 17.8% in the last hour.
Also, the crypto market cap has sunk by 31.7%.
Bitcoin is currently trading at $33,159.69.
The crypto market is in flames as Bitcoin plunges 25% in the last 24 hours with 17.8% in the last hour alone. At the time of writing, Bitcoin price is at…[Read more]

BlockFi Now Mining Bitcoin With BlockstreamCrypto Lender BlockFi is now planning to mine Bitcoin using Blockstream Mining.
BlockFi will set up shop in a warehouse in Adel, GA with up to 300 MW power.
BlockFi will run a mix of MicroBT and Bitmain miners for the project.
Crypto lender BlockFi has paired up with Blockstream to mine Bitcoin. The…[Read more]

Real Research To Bring Power in the Survey IndustryReal Research platform is infamous for its speedy survey completion.
Anyone can be a user and a respondent in the Real Research portal.
Real Research announces its availability in both Android and iOS versions.
Real Research, a survey platform with blockchain power, offers new opportunities within…[Read more]

The Cook Finance Testnet is Live on Ethereum Rinkeby TestnetCook Finance announced that its Cook Finance Testnet is now live.
Cook Finance to launch on the Ethereum Mainnet in the next few weeks.
Cook Finance announced that its Cook Finance Testnet is now live. Cook Finance is a cross-chain decentralized asset management platform.

The firm…[Read more]

The Internet Computer (ICP) – From Nowhere To The TopThe Internet Computer hit the scene like a bolt from the blue to rank as the 10th-largest cryptocurrency by market capitalization.
Presently, the Internet Computer is valued at $115 and has a market capitalization of $14.5 billion at the time of publishing.
The Internet Computer allows i…[Read more]

Litecoin Tumbles 20% In RoutInvesting.com – Litecoin was trading at $249.344 by 07:22 (11:22 GMT) on the Investing.com Index on Wednesday, down 20.46% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Litecoin’s market cap down to $16.815B, or 0.95% of the total cryptocurrency market cap. At…[Read more]

XRP Tumbles 24% In SelloffInvesting.com – XRP was trading at $1.24349 by 07:28 (11:28 GMT) on the Investing.com Index on Wednesday, down 23.83% on the day. It was the largest one-day percentage loss since February 1.

The move downwards pushed XRP’s market cap down to $47.38116B, or 2.66% of the total cryptocurrency market cap. At its highest,…[Read more]

Bitcoin Hits All Buy Zones Dip, Will it Surge to $48,000 AgainBitcoin hit all buy zones dip.
Will Bitcoin surge to $48,000 again?
The price of bitcoin dropped to a new low, sliding to $38,658 per unit during Wednesday morning’s trading sessions.

As cryptocurrencies stumble to regain their footing, investors have one key question. Will Bitcoin s…[Read more]

XRP Plunges 31% In SelloffInvesting.com – XRP was trading at $1.13387 by 07:32 (11:32 GMT) on the Investing.com Index on Wednesday, down 30.55% on the day. It was the largest one-day percentage loss since December 23, 2020.

The move downwards pushed XRP’s market cap down to $47.38116B, or 2.66% of the total cryptocurrency market cap. At its…[Read more]

New bill would require candidates in Russian elections to declare cryptoRussia’s State Duma has approved a new draft bill in its first reading that would require election candidates to disclose their crypto holdings, expenditures and purchases.

The draft bill also asks election candidates to indicate a source of income for cryptocurrency…[Read more]

ECB’s Guindos Says Crypto Assets Aren’t a ‘Real Investment’Crypto assets shouldn’t be seen as a “real investment” because their underlying value is hard to discern, and market participants should brace for more price swings, European Central Bank Vice President Luis de Guindos warned.

“When you have difficulties to find out what are the real fu…[Read more]