Blockchain and Cryptocurrency News 0

Balaji Srinivasan doubles down on his $1M Bitcoin bet as an answer to the banking crisis

Crypto entrepreneur Balaji Srinivasan discussed on May 2 the ongoing banking crisis and announced that he had committed funds to his $1 million Bitcoin bet. Balaji says US government is printing trillions In a video posted to Twitter, Srinivasan said: “I just burned a million to tell you they’re printing trillions … I wanted to tell you in a provable […]

Blockchain and Cryptocurrency News 0

Binance urges balanced regulatory approach for crypto to ensure innovation, growth are not stifled

Binance believes the core tenets of a regulatory framework for crypto should be consumer protection, market integrity, and financial stability. The exchange made the statement in its response to a recent consultation initiated by the U.K. HM Treasury regarding the regulation of crypto-assets. Binance said watchdogs need to take a balanced approach to regulating the crypto industry to ensure it […]

Blockchain and Cryptocurrency News 0

Canadian province New Brunswick has denied energy to crypto miners for months

New Brunswick’s main power company began to deny energy applications from crypto miners and other large-scale users in 2022, the CBC said on May 1. The cabinet order that endorsed the moratorium included concerns from the province’s main power company. N.B. Power expressed concerns about “additional load demand” and warned that crypto mining could put “significant pressure” on the energy […]