Bank of Thailand (BOT) issues crypto warning to those who make crypto payments
To guarantee that crypto payments do not pose “extensive risks to the general public or the economic and financial system.” the BOT stated that it may be required to work with the Securities and Exchange Commission. It has issued a warning to cryptocurrency holders who use their digital assets as a medium of exchange, warning […]
Bitcoin Energy Data: Bitcoin’s Electricity Consumption Plummeted Nearly 60% to November 2020 levels
Bitcoin’s approximate yearly electricity usage has fallen approximately 60%, from its all-time peak above 143 TWh in May to as low as 62 TWh in early July. According to data from the Cambridge Bitcoin Electricity Use Index , bitcoin electricity consumption is increasing (CBECI). This is the most economical energy consumption rate that has been […]
BTCUSD: Simplex Integrates SEPA Instant, Enabling 24/7 Deposits Across Partner Venues
“We’re delighted to add SEPA Instant to our growing portfolio of payment methods, giving our partners’ users the power to make instant wire transfers of up to €100,000, 24/7,” said Simplex CEO Nimrod Lehavi. In addition to SEPA Instant, cryptocurrency payment service Simplex has expanded its choice of payment methods to include SEPA Instant, allowing […]
Fake apps scam unsuspecting victims of Bitcoin and Ethereum
Fake apps BitScam and CloudScam have defrauded users of money worth over $350,000, this was revealed by a security research firm that found illicit crypto apps targeting thousands of people. Over 170 apps were found by security researchers at the Lookout Threat Lab, which is estimated to have defrauded over 93,000 people. These apps were […]
Elizabeth Warren Calls Upon SEC to Regulate Crypto Market
While there are crypto advocates such as Sen. Cynthia Lummis, there is also Bitcoin critic US Senator Elizabeth Warren who has written to SEC Chief Gary Gensler to regulate the market and protect people from crypto scams. Senator Elizabeth Warren of Massachusetts, a vocal critic of Bitcoin, has written to Securities and Exchange Commission (SEC) […]