Belarusian president calls on the state to explore crypto mining
President Alexander Lukashenko of Belarus has urged the country to mine cryptocurrencies using unused electricity infrastructure, he also said some abandoned industrial sites could be used to generate revenue through crypto mining. According to Russian news agency RBC, Lukashenko spoke at the opening of the Petrikovsky mining and processing plant on Aug. 27, urging people […]
SEC chairman warns that crypto-assets need public policies to survive
Gary Gensler, chairman of the United States Securities and Exchange Commission, cautions that crypto assets will not live long independent of a public policy framework. In an interview with The Financial Times, Gensler emphasized the importance of a regulatory framework for crypto platforms in order for them to survive. He went on to say that […]
South Africa’s central bank governor does not qualify crypto as currency
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has stated that cryptocurrencies should not be classified as a currency, rather they are to be likened as assets since they are not generally accepted. During an interactive discussion at the Wits Business School Leadership Dialogues , the central bank chief compared bitcoin to […]
30+ age group led crypto purchases at South Korean exchanges in 2021
The demographic with the biggest deposits on major exchanges in South Korea is crypto users aged 30 to 39. The transfers were around 2.2 trillion Korean won by the end of the second quarter of 2021. South Korean individuals in their thirties transferred around 2.2 trillion Korean won ($1.9 billion at the time of publication) […]
Crypto is a worthless bubble – John Paulson
Despite the fact that the crypto market has stood the test of time, some billionaire investors do not believe it is a place worth the investment, of such, is billionaire investor John Paulson who has called crypto a worthless bubble. John Paulson, a billionaire investor who correctly forecast the subprime catastrophe a decade ago, has […]