How to Avoid App Store Scams
Apple’s and Google’s approval guidelines are notoriously lax—and they won’t keep out apps that are after your money and data. Here’s how to sniff them out. Powered by...
Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded into this debate, many opponents of the crypto had repeatedly attacked bitcoin’s energy-consuming transaction confirmation...
Bitcoin Adoption Picks up Steam in Peru After Presidential Ballot
Peru, a country not commonly associated with bitcoin or cryptocurrencies, is experiencing a sizable surge in digital currency adoption following the first round of its presidential ballot process. The presidential candidate with the most vote support, Pedro Castillo, is known for his interventionist policies, so Peruvians might be preparing for what could be considered an economic downturn. Peruvian Cryptocurrency Trading Volumes Ramp...
Russian Lawmakers Move to Allow Crypto Payments Under Contracts
Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend Civil Code to Legalize Contractual Crypto Payments The lower house of Russia’s parliament, the Duma, is gearing up to remove barriers to...
Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services
On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended its cloud-mining operations and other crypto services to customers in mainland China. Rumors of China and Bitcoin’s Uneasy Relationship Continue It was...
