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Showing posts from November, 2022

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

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https://krakow3d.com/wp-content/uploads/2022/12/manitoba-halts-new-crypto-mining-projects-due-to-expected-high-energy-demand.jpg Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of Manitoba is halting new connections of crypto mining centers to the province’s hydroelectric grid, the Canadian press reported. Officials explain the move with the potential for increasing energy demand that the region may not be able to meet. The suspension, imposed for a period of 18 months, will not affect the 37 currently active mining operations, according to an article by the Toronto Star. The measure is aimed at halting a growing number of requests to power new faci

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

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https://krakow3d.com/wp-content/uploads/2022/11/data-shows-theres-no-profits-left-for-bitcoin-miners-that-cant-obtain-cheap-electricity-run-efficient-mining-rigs.jpg During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only three application-specific integrated circuit (ASIC) mining rigs are profitable. At a rate of $0.07 per kWh, profits begin to increase and data shows 16 different ASIC bitcoin mining devices are profitable with electrical costs at that rate. At $0.12 per Kilowatt Hour, Only 3 ASIC Miners Gather Profit Using Today’s Bitcoin Exchange Rate Bitcoin miners are feeling the pain of an extremely high difficulty rating and much lower bitcoin prices than a year ago today. Data from macromicro.me indicates that the cost of bitcoin productio

Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda

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https://krakow3d.com/wp-content/uploads/2022/11/report-nigerian-securities-regulator-to-exclude-crypto-in-its-digital-asset-agenda.jpg According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree on the standards to protect digital asset investors. Commission to Promote ‘Sensible Digital Assets’ The Nigerian Securities and Exchange Commission (NSEC) said it will only include cryptocurrencies in its digital assets agenda when regulators finally agree on the standards to protect investors. The commission added that cryptocurrencies are currently excluded because the exchange platforms where such digital assets are traded are operating outside of the Nigerian banking system. According to a Bloomberg report , the NSEC is keen on promoting what the institution

SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years

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https://krakow3d.com/wp-content/uploads/2022/11/sec-strategic-plan-crypto-initiatives-among-top-priorities-over-next-4-years.jpg The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the SEC’s top priorities over the next four years. SEC’s Strategic Plan for FY 2022-26 The U.S. Securities and Exchange Commission (SEC) published its “Strategic Plan” for the fiscal years 2022-2026 last week. The regulator stated that “the initiatives outlined in this Strategic Plan are intended to address its top priorities over the next four years.” One of the goals of the Strategic Plan is to “develop and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies.” The securities regulator explained that an initiative aimed at achieving this goal is to “examine strategies to address systemic and infrastructu

Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

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https://krakow3d.com/wp-content/uploads/2022/11/report-nft-firm-candy-digital-cuts-over-a-third-of-the-companys-staff.jpg With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff. After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Later On Monday, Sportico’s sports business reporter Eben Novy-Williams reported that the NFT firm Candy Digital “is laying off a large chunk of its workforce, according to multiple people familiar with the decision.” Sportico’s article notes that roughly one-third of Candy Digital’s 100 staff members are being let go, the people familiar with the matter detailed. Candy Digital is a Fanatics-backed NFT ma

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

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https://krakow3d.com/wp-content/uploads/2022/11/bitcoins-mining-difficulty-expected-to-drop-significantly-retarget-could-be-2022s-largest-reduction.jpg Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s largest reduction if it surpasses the 5.01% decline recorded on July 21. Bitcoin’s Next Difficulty Retarget Is Expected to Decrease, Data Suggests a Notable Drop in the Cards When the last Bitcoin difficulty change occurred on Nov. 20, 2022, at block height 764,064, it increased by a mere 0.51% that day. The increase did, however, propel the network’s difficulty to its lifetime high of 36.95 trillion. Since then, during the past week, the network’s average hashrate has been around 249.1 exahash per second (EH/s). Bloc

Cramer's lightning round: Enphase Energy is a buy

http://img.youtube.com/vi/_gdHRiCeefk/0.jpg https://www.youtube.com/watch?v=_gdHRiCeefk Cramer answered callers' investing questions at rapid speed on Monday. Origina post from https://krakow3d.com/videos/cramers-lightning-round-enphase-energy-is-a-buy.html

Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed

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https://krakow3d.com/wp-content/uploads/2022/11/kevin-oleary-reveals-how-he-almost-secured-8-billion-to-rescue-ftx-before-it-collapsed.jpg Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), all interested investors vanished. Kevin O’Leary Tried to Raise Funds to Save FTX Kevin O’Leary shared how he tried to save cryptocurrency exchange FTX before it collapsed in an interview with the Insider, published Sunday. O’Leary is a paid spokesperson for FTX and has investments in the company. Prior to FTX’s bankruptcy filing on Nov. 11, Mr. Wonderful was talking to a number of prospective investors interested in owning a stake in the crypto exchange. Sovereign wealth funds

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

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https://krakow3d.com/wp-content/uploads/2022/11/stablecoin-economy-continues-to-shrink-shedding-close-to-5-in-2-months.jpg During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from last month’s $69.13 billion to today’s $65.48 billion. Stablecoin Economy Drops Lower, Tether Market Cap Sheds 5% Statistics show that the stablecoin economy’s market valuation has reduced during the last 30 days by roughly 2.02%. On Oct. 31, 2022, the stablecoin economy was valued at $147.03 billion and today, it’s down to $144.05 billion. Furthermore, the market capitalization of all the stablecoins in existence is much lower than it was two months ago, as the market cap dropped by 4.83% from $151.37 billion to today’s $144 billion to

Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’

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https://krakow3d.com/wp-content/uploads/2022/11/bahamian-attorney-general-insists-ftx-is-the-subject-of-an-active-and-ongoing-investigation.jpg The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross oversimplification of reality.” Bahamian Attorney General Says the ‘Bahamas Will Emerge, Held in Even Higher Esteem’ On Sunday, the attorney general of the Bahamas discussed the collapse of FTX Digital Markets, and he insisted that Bahamian authorities are investigating FTX. Ryan Pinder started his speech by contending that “the Bahamas is a place of laws, the rule of law, and the exercise of due process characterizes the integrity of our jurisdiction.” The attorney general declared that the Bahamas Securities Commission (BSC) is the main Bahamian agency in charge of

Rising rates pushing out potential homeowners

http://img.youtube.com/vi/siBgg8G7GYA/0.jpg https://www.youtube.com/watch?v=siBgg8G7GYA CNBC's Diana Olick joins 'Power Lunch' to discuss the impact of rising intrest rates on home affordability, the causes of buyer pullback in the housing market and the compound effect of high home prices and high mortgage rates. Origina post from https://krakow3d.com/videos/rising-rates-pushing-out-potential-homeowners.html

Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

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https://krakow3d.com/wp-content/uploads/2022/11/venezuelan-currency-plunges-almost-40-against-the-us-dollar-analysts-cite-crypto-drought-as-part-of-the-problem.jpg The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of the equation leading to this, however, some also include crypto as part of the problem. Venezuelan Currency Takes a Nosedive The Venezuelan currency, the bolivar, has been losing its value at an alarming rate after enjoying a period of relative stability recently. The currency has lost almost a 40% against the U.S. dollar in parallel markets, with citizens being alarmed at the accelerated pace of the devaluation. According to the popular price index Monitordolar , each dollar had a price of 9.05 bolivares on Oct. 25. The exchange rate increa

Putin Calls for International Settlements Based on Blockchain and Digital Currencies

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https://krakow3d.com/wp-content/uploads/2022/11/putin-calls-for-international-settlements-based-on-blockchain-and-digital-currencies.jpg Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference. It can be created using digital currency technologies and distributed ledgers, the Russian leader said, quoted by local media. Putin was speaking during a conference devoted to artificial intelligence and organized by Russia’s largest lender, Sberbank. During his address, he emphasized that financial flows and payments between na

Elon Musk Plans to Launch Alternative Phone if Apple, Google Boot Twitter off Their App Stores

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https://krakow3d.com/wp-content/uploads/2022/11/elon-musk-plans-to-launch-alternative-phone-if-apple-google-boot-twitter-off-their-app-stores.jpg Tesla CEO and Twitter boss Elon Musk says he will make an alternative phone if Apple and Google boot Twitter from their app stores. Many people want him to go ahead with a phone launch even if Apple and Google do not deplatform Twitter. Elon Musk Could Launch Alternative Phone to Compete With Apple and Google Elon Musk revealed Friday the possibility of him launching his own smartphone, which would compete with iPhone and Android, should Apple and Google deplatform his newly acquired social media company. Twitter user Liz Wheeler suggested that Musk should produce his own smartphone if Apple and Google boot Twitter from their app stores, adding that “Half the country would happily ditch the biased, snooping iPhone & Android.” Musk replied: “I certainly hope it does not come to that, but, yes, if there is no other choice, I will make an a