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IMF Rejects Pakistan’s Bid to Subsidise Power for Crypto Mining – Decrypt
In brief The International Monetary Fund has rejected Pakistan’s proposal to offer subsidised electricity for crypto mining. The IMF cited risks of market distortion in the struggling power sector. Pakistan’s crypto mining ambitions may bring “economic gains” but must not come “at the cost of destabilizing already stressed infrastructure,” Decrypt was told. The International Monetary…
XRP Hits US$3.52: What’s Driving the Frothy New All-Time High?
XRP, the cryptocurrency created by Ripple Labs, has just hit its highest price ever – US$3.52. This new all-time high (ATH) is a major moment for a coin that has had a long and drama-filled journey since it was launched in 2012. This new ATH has even shot past the price prediction made by one…
Jerome Powell Speech: Crypto Market Future Trends & Challenges
Jerome Powell Speech: Crypto Market Future Trends & Challenges Source link
Ripple’s Q2 2024 report – Good news or bad news for XRP’s price?
Ripple Labs released its Q2 report for 2024 on 2 August Report highlighted a 65% decline in on-chain transactions, 168% hike in transaction costs Blockchain firm Ripple Labs has released its latest quarterly report for Q2 2024, with the same expanding on detailed market trends, revenue, regulatory wins, and critical industrial progress. The timing here…
