Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject.Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them, according to a Daily Sabah report.At a meeting on Jan. 25, party … [Read more...] about Turkish president orders ruling party to organize metaverse forum
Orders
Nigeria’s central bank orders closure of crypto-related accounts
Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency.CBN orders banks to close crypto trader accountsThe CBN, on November 3, released a circular signed by its … [Read more...] about Nigeria’s central bank orders closure of crypto-related accounts
Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan
Hive Blockchain Technologies ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan (NASDAQ: CAN).The order comes after the Canadian company (NASDAQ: HIVE) bought 4,000 units in August and 6,400 in January.The latest purchase will push Hive’s bitcoin mining capacity to 2 exahash per second by December and 3 EH/s by March 2022, executive chairman Frank … [Read more...] about Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities.According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid massive selling on the … [Read more...] about Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
City in Sichuan reportedly orders crypto miners to shut down for investigation
Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms.Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin mining operations to shut down for examination, Chinese financial publication Sina Finance … [Read more...] about City in Sichuan reportedly orders crypto miners to shut down for investigation