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Russia Seeks to Regulate Cryptocurrency in Near Term

Russia Seeks to Regulate Cryptocurrency in Near Term

Russia’s National Council for Financial Stability met Tuesday headed by Prime Minister Igor Shuvalov to discuss regulation of bitcoin and cryptocurrencies. No immediate action was taken, but headway was made on the matter, and it was not favorable for bitcoin. Deputy Minister Alexey Moiseev was quoted, saying: “No regulator doubts […]

Bitcoin Plunges, Falls Through $4k

Bitcoin Plunges, Falls Through $4k

It happened again. Bitcoin lost its support at $4,000 and is still falling. It is about to take a shot at $3900, and its ability to hold that level is questionable at best. The broader market is trading in line with BTC, and most coins are down by at least […]

“Bitcoin is a Fraud” says JPMorgan CEO

“Bitcoin is a Fraud” says JPMorgan CEO

Jamie Dimon, CEO of JPMorgan does not like bitcoin. He made this emphatically clear with his latest rant, this time targeting bitcoin and labeling it “a fraud”. He went on to say, “It won’t end well. Someone is going to get killed,” and his only supporting argument was that “[Fiat] […]

Solar Power and Crypto Mining: Match Made in Heaven

Solar Power and Crypto Mining: Match Made in Heaven

Anyone who’s researched cryptocurrencies has inevitably encountered the term “mining”. Simplified, this term refers to the process of creating new coins. The process revolves around miner’s ability to solve several algorithms in quick succession and record transactions on the blockchain. In return, miners get rewarded with a predetermined amount of […]