On Monday, the Governor of the Bank of England issued yet another anti-crypto warning. Despite the UK’s objectives to foster innovation, these remarks have been made. Governor of the Bank of England, Mark Bailey, spoke about cryptocurrency this week. The crypto market saw its first big ‘Lehmanesque’ fall in the week ending May 13. TerraUSD … Read more
According to Investopedia, roughly 18.77 million Bitcoins have been mined worldwide. That’s a Lot of Bitcoins, Which Also Means A Lot of Power Bitcoin mining consumes around 91 terawatt-hours of power each year. That’s more than a third of the yearly power utilized for household cooling in the United States. It should come as no … Read more
According to a final statement, the Group of Seven (G7) finance ministers vowed to constantly monitor markets in light of recent volatility and reiterated their current commitment on currency rates. The financial chiefs of the Group of Seven (G7) agreed on Friday to carefully monitor markets in light of recent volatility and reaffirm their commitment … Read more
These cryptos to buy offer good upside for an eventual market rebound These six cryptos to purchase have a lot of upside potential, particularly if the market begins to recover from current worries of a major recession. Bitcoin (BTC-USD): The most valuable cryptocurrency, with a market capitalization of $574 billion and a year-to-date loss of … Read more
When markets are in freefall, it’s difficult to escape fear, uncertainty, and doubt (FUD), so another central banker slamming digital assets isn’t surprising. It begs the issue of why banks despite cryptocurrency so much. Although Bitcoin’s current price is just over $30,000, European Central Bank President Christine Lagarde believes it and other crypto assets are … Read more