Elizabeth Warren, a vehemently anticrypto senator, was the loudest critic. She reiterated her concerns about Bitcoin’s energy consumption ( BTC) and mining. This condemnation was made before the House Energy and Commerce Committee hearing entitled ‘Cleaning Up Cryptocurrency. The Energy Impacts on Blockchains’. It took place Jan. 20. Warren released a statement in which he claimed that high energy... Read More

Companies had to find workers last year after years of taking people for granted. The pandemic shook the employment market after years of people being taken for granted. There were 11 million jobs, but there was a shortage of people willing to accept them. Businesses had to make major changes in order to attract and retain talent. They offered... Read More

Bitcoin Solutions, Inc. has partnered up with Epipoli, an industry leader in prepaid services, to offer the Bitcoin Gift Card in as many as 50,000 retail locations across Europe and digitally. BitCard is an innovative platform that solves a major problem in the cryptocurrency industry. It provides customers with a safe, simple-to-use, custodial portal for buying and redeeming... Read More

Sakkapop Panyanukul is a senior director at Bank of Thailand’s Monetary Policy Department. He clarified this week the central bank’s position on cryptocurrency. He said that the Bank of Thailand was currently discussing cryptocurrency regulation with the Thai Securities and Exchange Commission, related agencies and other stakeholders. The bank wants to reduce consumer risk associated with... Read More

Bitcoin has been both the darling of cryptocurrency investors. Many countries and leaders are skeptical of the decentralized medium, and plan to impose regulations for digital tokens. However, some other ideas are being developed to promote development. One such nation is El Salvador. The country was famous for its announcement of bitcoin as legal tender. El Salvador President Nayib Bukele announced plans to create... Read More

Eric Adams, the new mayor of New York City, believes that schools should incorporate cryptocurrency and blockchain technology into their curriculum. This is in addition to his plan to make the city a crypto hotspot. Eric Adams stated that Bitcoin is the “new way to pay for goods and services around the globe” and that schools must... Read More

Tether’s major customer has claimed that Tether lends stablecoins to customers in exchange for crypto. This claim further challenges Tether’s founding promise that tokens are issued using real dollars. Alex Mashinsky of the crypto lending platform Celsius Network borrowed from Tether and counts it an equity investor. Tether, in part of a lending agreement, has given its... Read More

As institutional investors sought more support from regulators, cryptocurrency funds and investment products saw inflows for the seventh consecutive week, according to CoinShares data on Monday. According to CoinShares data, the sector saw inflows of $90.2 million last week. The largest source of these flows was bitcoin, which grabbed $69 million. Inflows to crypto have reached... Read More