South Korea: Petition Against Bitcoin Crackdown Reches 200,000 A petition to South Korea’s president demanding to stop the process of regulating crypto market has gained 200,000 signatures and is going to get an official answer. According to the country’s legislation, the government…

Bitcoin and Altcoins Under Pressure In Asian area it’s not a good trading day for bitcoin, nor for many other digital currencies. Currently, bitcoin is trading at $12,900 on Bitfinex Exchange, which is below the high of $14,300 affected earlier in the…

South Korea to Ban Cryptocurrencies Again Today South Korea’s Office for Government Policy Coordination published a statement about cryptoasset crackdown. According to it the crackdown in the country will not necessarily come imminently but as as relief to the bitcoin-mad country. Recently…

Electric Cars of Bitcoin & High Power Uses This year the global power needed to create cryptocurrencies, which could be rival to the entire electricity consumption of Argentina and a increasing driver for energy producers from the US to China. Morgan Stanley…

A Small State In Washington Mining Bitcoin A Bitcoin mining boom is set up in a small town Wenatchee with low power prices and cooler temperatures. We can mention a few reasons that made people to move to a small town. Perhaps,…

Bitcoin is a Bubble: Albert Edwards Albert Edwards, Societe Generale’s famous strategist thinks that there is no arguments bitcoin is a bubble. Edwards says that there is a more important bubble-the US stocks. He pointed that S&P 500 Index is more overbought…

South Korea Isn’t Banning Cryptocurrency Trading – For Now South Korean media outlet The Hankyoreh reports that the country won’t enforce a ban on cryptocurrency trading nationwide in the near future. This news reported after South Korean authorities set tax evasion on cryptocurrency trading…

IT Industry & Cryptocurrency Bans: South Korea On Friday IT firms showed concerns that the government crackdown on cryptocurrency trading may adversely affect the blockchain sector, which is the basic technology for such transactions. Digital Currency Market has become overly speculative recently…

Bitcoin Mining & Electricity According to a new report, this year Bitcoin could have a more power consumption than electric vehicles in 2025. Bitcoin mining process, which takes a lot of energy could require up to 140 terawatt-hours (TWh) of electricity during…