“There are a number of SPACs and IPOs that will look to close in the first half of 2022, such as Core Scientific, PrimeBlock, Rhodium and Griid,” Luxor Mining’s co-founder and Chief Operating Officer Ethan Vera said. These companies looking to go public not only face a correction in crypto prices but also an increasingly crowded market, he added. Source link … [Read more...] about Miners Going Public Amid Bitcoin Slump Face Tough Months Ahead
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Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis
The government has declared a 60-day state of emergency, allowing it to allocate more money for energy imports and even introduce power cuts.Jan 4, 2022 at 4:35 p.m. UTCUpdated Jan 4, 2022 at 4:35 p.m. UTCKosovo's capital, Pristina. (Leonhard Niederwimmer/Pixabay) Source link … [Read more...] about Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis
Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
Bitcoin (BTC) is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. The cryptocurrency is roughly flat over the past 24 hours and could see further upside toward the $63,000-$65,000 resistance zone.Both the 50-day and 100-day moving averages are sloping upward, indicating a positive intermediate-term trend. This means … [Read more...] about Bitcoin Holding Support at $60K; Could Face Resistance at $63K-$65K
Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages
In a Nov. 4 interview with local news outlet Tengrin News, Minister of Energy Magzum Myrzagaliev said that Kazakhstan’s electricity demand had been steadily growing by 1%-2% annually until about 10 months ago. Starting 2021, demand has grown 8%, or about 1,000MW-1,200MW, which Myrzagaliev said was due to crypto mining. Source link … [Read more...] about Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages
London Commuters Face Ad ‘Assault’ by New Musk-Inspired Coin: Report
Advertisements for a meme-based coin named after Elon Musk’s shiba inu dog have appeared on London’s transportation network in recent weeks.The Floki Inu coin is being advertised to users of the U.K. capital’s bus and metro network with the slogan “Missed Doge? Get Floki”, the Financial Times reported Wednesday.A blog post by Floki Inu’s founders last month said the advertising … [Read more...] about London Commuters Face Ad ‘Assault’ by New Musk-Inspired Coin: Report