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Homepage > News > Business > Pakistan turns to BTC mining with excess electricity Pakistan has become the latest country to explore block reward mining with excess electricity amid an economic crisis that has shrunken power demand in the South Asian nation. The new initiative is being spearheaded by the recently formed Pakistan Crypto Council, whose mandate relates to making the country a digital asset hub. CEO Bilal Bin Saqib told Reuters that the government would also promote the development of artificial intelligence (AI) data centers with surplus power. The location of the facilities will be based on the power…

Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the increasing connection between crypto and traditional finance (TradFi).“There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange.“Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph.“The lines are blurring — investors want flexibility, and products that can straddle both worlds are naturally attractive,” Chen said. “Some players see TradFi as a safety net; others, like Bitget,…

A new survey has found that over half of South Korean adults have previously traded or currently trade crypto.The survey was conducted by the Korea Financial Consumer Protection Foundation (KFCPF), the South Korean news agency Yonhap reported on April 22.Half of South Koreans Now Trading Crypto, Survey FindsThe KFCPF spoke to 2,500 men and women aged 19 to 69. Respondents were all residents of Seoul, Gyeonggi Province, and six other metropolitan areas.Trading volumes on the South Korean market-leading crypto exchange Bithumb over the past 12 months. (Source: CoinGecko)The survey also found that 52% of respondents said they had “made a…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is trading at key levels as price action consolidates above the $1,500 mark. After weeks of high volatility and macro-driven selling pressure, ETH is showing signs of stability — and analysts are watching closely. A breakout above nearby…

Homepage > News > Business > AI chip manufacturing derails climate progress in East Asia A new report has identified a spike in the electricity consumption rates of artificial intelligence (AI) chip manufacturing by 350% since 2023. The research paper, published by Greenpeace East Asia, notes that East Asia bears the brunt of the climate impact of AI chip manufacturing. Asian countries like Taiwan and South Korea are leading hubs for semiconductor manufacturing but soaring electricity demand is denting climate change targets. Semiconductor manufacturing plants in the region are turning to fossil fuels to power their operation. The combined global…

Dutch banking giant ING is reportedly preparing to launch a euro-denominated stablecoin, marking a potential new entrant into Europe’s growing regulated digital asset space. According to a report by CoinDesk on April 22, ING is collaborating with several other banks to form a consortium that will develop and issue the stablecoin.ING Eyes Euro Stablecoin as Part of EU Bank ConsortiumThe project is still in its early stages, and progress has been slow. Two people familiar with the matter said that multiple banks involved in the initiative are still awaiting board approvals and regulatory clearance to set up a joint entity.…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum‘s price continues to display notable weakness and volatility, recording bearish monthly performances in the past few months. Despite the prolonged waning price movements, the network has experienced an uptick in activity, with investors significantly flocking to the blockchain. Surge In Ethereum New Adoption Rate Even though Ethereum’s price has faced notable bearish pressure, the network is witnessing a fresh wave of adoption. In a recent X post, world-leading market intelligence and on-chain data platform IntoTheBlock revealed a sharp uptick in ETH’s new users adoption rate. According…

The XRP Ledger Foundation has identified a “serious vulnerability” in the official JavaScript library used for interacting with the XRP Ledger blockchain network, the nonprofit said.On April 22, blockchain security specialist Aikido said in a blog post that XRP Ledger’s open-source JavaScript library was “compromised by sophisticated attackers who put in a backdoor to steal cryptocurrency private keys and gain access to cryptocurrency wallets.” The JavaScript library includes programs enabling developers to interact with the XRP Ledger and is distinct from the blockchain network itself. ‘“[T]his package is used by hundreds of thousands of applications and websites making it a potentially catastrophic…

The United Nations (UN) has issued a stark warning over the rise of crypto-driven organized crime, revealing how armed militias and criminal syndicates are increasingly turning to blockchain tools, especially stablecoins, to fund and obscure their operations.A new report from the United Nations Office on Drugs and Crime (UNODC) details how transnational criminal groups, particularly from East and Southeast Asia, are using illicit crypto mining, stablecoins, and encrypted messaging platforms to build a vast global underground economy.Cambodia-Based Platform Processed $24B in Suspected Criminal Crypto FlowsThe report titled “Inflection Point: Global Implications of Scam Centres, Underground Banking and Illicit Online Marketplaces…

Key Takeaways: Polygon NFTs outperform Ethereum, showing the rise of hybrid asset-backed collections. Hybrid ownership models attract collectors by merging liquidity with tangible asset security. The real-world asset NFT market is rapidly expanding with positive regulatory support. Polygon has taken the top spot in the global NFT rankings for the past week, surpassing Ethereum and even Bitcoin-based NFTs, in a major shakeup of the digital collectibles market.According to CryptoSlam data from April 22, Polygon NFTs generated $22.1 million in weekly sales, marking a 17.64% week-on-week rise. In comparison, Ethereum recorded $21.8 million, while Mythos Chain and Bitcoin followed with $14.3…