When the last Bitcoin (BTC) is finally mined, the livelihood of miners who rely on block rewards as a source of income will be affected. Despite this, the future of mining stays promising, according to an expert in space. In a Cointelegraph interview, Mohamed El Masri, the founder of mining solutions provider PermianChain, talked about
admin
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian
Bitcoin (BTC) sought to pin $24,000 as support before the July 29 Wall Street open as fresh inflation data sparked worries for the euro. Eurozone inflation estimate shows no peak Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining most of its latest gains after spiking to nearly $24,500 overnight. The day’s macro action delivered
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other
The head of carmaker Stellantis has warned about growing Chinese government interference in western businesses operating in the country, days after the company ditched its joint venture to manufacture Jeep vehicles there. Carlos Tavares said the “interference of the political agenda has been increasing by the day”, and said that rival carmakers with plants in
After failing to go live last month, the Cardano Vasil hard fork is delayed again as teams behind the Cardano blockchain development target a smooth network upgrade. Input Output Global (IOG), the organization responsible for Cardano’s research and development, released a YouTube update on Thursday on the upcoming Vasil hard fork. IOG technical manager Kevin Hammond announced
Inflation has hit its highest level in decades for many countries, with the Ukraine conflict adding upward pressure on energy prices and squeezing households’ real incomes. Russia’s invasion of its neighbour has pushed up energy and food prices at a time when many countries were already registering near-record rates of consumer price growth, leading some
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that the Central African Republic’s bitcoin law is incompatible with regional laws.
The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread created by Ethereum founder Vitalik Buterin. In a tweet, Buterin brought up an old adage pointing out
West Lake Hills, Texas, is a family friendly city six miles west of Austin’s downtown. Characterized by woodlands, rolling terrain and quiet streets, the Hill Country community has been named the best place to retire in the Lone Star State by niche.com. Despite the rural vibe, hiking and biking trails, parks, restaurants and shopping are
Law enforcement in Greece has recently tried to locate Ruja Ignatova, founder of the infamous Onecoin pyramid scheme. According to a leading Greek daily, investigators acted on intelligence suggesting she was still in the country. Also known as ‘Cryptoqueen,’ Ignatova was last seen boarding a plane to Greece several years ago. Authorities in Athens Try
Global stocks headed for their best month since late 2020 as robust results from big tech companies signalled the sector’s resilience to an economic slowdown and traders scaled back expectations of central bank rate rises. The FTSE All World index of developed and emerging market shares jumped 5.8 per cent in July, leaving it on
Losses at Aston Martin ballooned after shortages of key parts left it with hundreds of unfinished models at the end of the first half of the year. The luxury carmaker was also hit by foreign exchange movements and higher debt interest payments, during a tumultuous six months in which it changed chief executive and raised
Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. Monthly close could seal 20% gains Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13. After consolidating around $23,000, bulls
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry
Good morning. Yesterday I scolded the market for being too enthusiastic about the Fed chair’s comments. Today stocks went up more. It’s almost as if people aren’t listening to me. This is hard on my ego, so email me: robert.armstrong@ft.com. Recession The US economy shrank for the second quarter in a row — on an
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the
Investors were desperate for the slightest sliver of good news from Jay Powell, and it shows. Fund managers were pretty sure that the US Federal Reserve would raise interest rates this week at an increment that just a few months ago would have brought us all out in hives. It duly delivered a 0.75 percentage
For decades, the Kuwait Investment Authority kept a low profile as it garnered a reputation as one of the oil-rich Gulf’s most powerful and respected sovereign wealth funds. But last week, the KIA abruptly sacked Saleh al-Ateeqi, the head of its London investment arm, the Kuwait Investment Office, dragging the secretive fund into the spotlight.
It is almost 11pm on an evening in early June and a group of about 60 gay men have taken over the Enchanted Rose, a cocktail bar at Disney’s upscale Grand Floridian Resort. This is the last stop on the Gay Pride Disney Monorail Crawl, an informal annual get-together that serves as a warm-up for
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs