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Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Jun 21, 2022 at 09:19
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Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a significant drop in profits for many oil companies. Gazpromneft, a subsidiary of Russian oil giant Gazprom, hopes to use cryptocurrency mining to boost its profits.
SIDUS HEROES Closed Beta Launch – a Sneak Peek at the Amazing Updates Coming Next
Feb 09, 2022 at 09:37
News
SIDUS HEROES Closed Beta Launch – a Sneak Peek at the Amazing Updates Coming Next
The most anticipated NFT gaming project SIDUS HEROES has opened its doors to its first users. In the middle of January, the company released a closed beta version of the game that holders of SIDUS GENESIS NFTs were given access to.
Globe Realises the Potential of Cryptocurrency Mining as Countries Forward Surplus Resources to Support the Activity
Jan 13, 2021 at 13:33
News
Globe Realises the Potential of Cryptocurrency Mining as Countries Forward Surplus Resources to Support the Activity
A huge amount of profits are being generated for countries through this cryptocurrency mining. For this reason, governments are channelling their surplus resources to boost the mining business and the entire cryptoasset sector.
Japan Employs Foreign Blockchain Specialists due to the Lack of Human Resources
Aug 18, 2020 at 12:32
News
Japan Employs Foreign Blockchain Specialists due to the Lack of Human Resources
Japan employs foreign blockchain engineers as well as other information technology (IT) specialists due to the lack of internal human resources.
Ukraine Plans on Using Energy Surplus for Cryptocurrency Mining, While Its Citizens Are Threatened with Massive Shutdowns
May 06, 2020 at 14:04
News
Ukraine Plans on Using Energy Surplus for Cryptocurrency Mining, While Its Citizens Are Threatened with Massive Shutdowns
The Ukrainian Ministry of Energy offered the Energoatom energy generating company to explore the possibility of cryptocurrency mining using the potential of nuclear power plants.
Developing 'Crypto' Is Better Than Tracking Bitcoin Users, NSA Decides
Sep 09, 2019 at 09:47
News
Developing 'Crypto' Is Better Than Tracking Bitcoin Users, NSA Decides
The United States (US) defense intelligence authority the National Security Agency (NSA) is purportedly designing a quantum-resistant crypto. The NSA has circumscribed it resources and undertakings in the blockchain and cryptoasset arena to track all Bitcoin (BTC) users, and it has even gone ahead to create its own electronic money.
Bitcoin Mining Consumes 1% of Global Energy, Report Reveals
Jun 16, 2019 at 10:47
News
Bitcoin Mining Consumes 1% of Global Energy, Report Reveals
The US Senate committee on Energy and Natural Resources issued a document stating that mining consumes about 1% of global energy. On public blockchains, mining embroils the computation of a massive amount of mathematical calculations known as hashes. On a normal day, Bitcoin miners collectively compute over 50 billion gigahashes per second.
Italy Delves into E-Voting Using Blockchain Tech
Mar 06, 2019 at 16:39
News
Italy Delves into E-Voting Using Blockchain Tech
A lot of society’s resources have been spent to enable the voting process of civil rights. Italy alone spent over €389 million to conduct the 2013 parliamentary elections. It is now investing heavily to enable efficient blockchain-based e-voting in the future.
Bitcoin Price Likely to Drop to $2,400 & Lure Wall St. to Purchase the Plunge
Jan 21, 2019 at 13:32
News
Bitcoin Price Likely to Drop to $2,400 & Lure Wall St. to Purchase the Plunge
In the latest Bitcoin (BTC) versus Silver (SLV) analogue piece, remarkable similarities can be seen in the charts. Trying to puzzle out the time frame of the consolidation point is very crucial. In Silver, the consolidation period timing was more than 90 days, nevertheless, the 500% rally also took around 30 months. In Bitcoin, the 500% rally took around 9 months.
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