Expert: Hydroelectric power stations - the main source of energy for mining
For cryptocurrencies mining, the most important thing is cheap electricity, which is usually provided by hydroelectric power plants. That’s what Mikhail Korolev, the CEO 2Miners.com said in exclusive comments for LetKnow.News.
Australia targets cryptocurrencies in international tax crackdown
Australian tax officials are investigating a dozen transnational high-end tax avoidance schemes detected through global data sharing by key countries focused on the abuse of cryptocurrencies.
Bitcoin Plunged Below $8,000--Did This Cause The Sudden Price Drop?
Bitcoin, which has been swinging wildly over recent weeks, has crashed under $8,000—suddenly losing almost $1,000 per bitcoin in a matter of minutes last night.
Top 6 Cryptocurrencies Worth GPU Mining in 2019
A lot of people are still interested in mining the different cryptocurrencies on the market today. When it comes to GPU mining, things are a bit different compared to what one might expect. There are still several currencies to GPU mine in 2019, although it will require some effort on behalf of the user to get everything set up properly.
Cryptocurrencies Dismissed as ‘Speculative Investment Vehicle’ by US Congress
The Congressional Research Service (CRS) has recently published a report, which examines the potential role of cryptocurrencies in the US retail system.
“Satoshi's Treasure”: how to earn $1,000,000
Cryptocurrencies are not about only transactions, trading and endless hackings of crypto exchanges. There is a huge community with a great sense of humour and of course money behind the coins. Some participants don’t even mind spending $1 million to arrange a "rat race" and unite like-minded people.
Expert: cryptocurrencies are not suitable for micropayments
Infrastructure of cryptocurrencies was not developed for a large number of micropayments. That’s what Andrei Sobol, a developer of SatoshiFund told LetKnow.News.
Expert: In the US, many cryptocurrencies are considered to be securities
In the United States, the Securities Commission has not fully determined its position on cryptocurrencies, which creates a certain conflict in the matter of their regulation, especially in the context of the Tether scandal. That’s what in an exclusive comment for LetKnow.News said Krystyna Nyemchynova, a co-founder of legal fintech consulting Brightman.
European Central Bank President Mario Draghi: ‘Bitcoin, Cryptocurrencies Are Not Real Currencies’
Mario Draghi, the president of the European Central Bank (ECB), said during a dialogue with students that cryptocurrencies are not real currencies. He has also stated that cryptos are “very, very risky assets” but they do not really have to be something for central banks to be worried about.
Chancellor of British High Court, Sir Geoffrey Vos urges legal community to clearly define and identify crypto-assets
The Chancellor of the British High Court, Sir Geoffrey Vos, made headlines after he discussed the possibility of recognizing ‘crypto-assets as property,’ within the current stature of the law. The lecture was held in Liverpool and focused on finding ways to improve people’s confidence in smart legal contracts.
Advisors warned about crypto assets apathy
Skeptical advisors who refuse to look at crypto assets risk failing to connect with the up-and-coming generation of investors.
Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments
Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2.
Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported
The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3.
68% of Global Millionaires Already Invested or Plan to Invest in Crypto by 2022: Survey
68% of global high-net-worth individuals have already invested or are planning to invest in crypto by the end of 2022, according to a survey by Dubai-based financial consultancy firm deVere Group released on May 3.
The expert explained why Samsung took up the cryptocurrency
Cryptocurrencies for Samsung are nothing more than just a business diversification. That’s what Vladimir Tomko, Blockchain Cuties CEO, stated in his comment for LetKnow.News.
Crypto is Here to Stay, But There is a Twist, Survey Shows
Two-thirds of 10,000 surveyed Europeans believe cryptocurrencies will still be around in ten years’ time, but they’re less sure about Bitcoin itself, a new research by cryptocurrency exchange bitFlyer showed. However, barely a tenth of the respondents believe crypto will be used as a currency in the future.
Top 4 Cryptocurrencies to Bet on in 2019
The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.
What’s trending? Why cryptocurrencies has been popping up in Google searches more often?
After Bitcoin confidently overcame the $5000 level, there was an increase in Google searches on cryptocurrencies. But what does it mean: a new wave of investor interest or is it just idle curiosity of network users?
Demand for Legal Experts With Blockchain Tech Knowledge is High, Report
Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17.
Breaking: SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance’s Bitcoin SV
SBI Virtual Currencies, a licensed cryptocurrency exchange based in Japan, has delisted Bitcoin Cash [BCH] in a knee-jerk response to the recent delisting of Bitcoin SV [BSV] by Binance. Speculators suggest the Japanese exchange’s close ties to the BSV camp as the reason behind BCH being booted out.