“`html The administration of British Columbia is prohibiting new cryptocurrency mining connections to the hydroelectric power grid, citing extraordinary electricity requirements.In a release on Monday, the British Columbia (BC) administration declared a series of new regulations aimed at boosting the economy and assisting the state-owned electric utility company BC Hydro in managing its electricity supply.“There exist substantial prospects in British Columbia’s traditional natural resource domains, including mining, natural gas, and LNG, as well as in burgeoning sectors, such as data centers and artificial intelligence (AI). The accomplishment of proposed major initiatives relies on access to dependable, clean electricity at a…
Autore: wsjcrypto
“`html Blockchains developed and overseen by businesses will ultimately perish, as users will not desire a chain managed by a centralized authority, as per Eli Ben-Sasson, co-founder and CEO of the blockchain firm StarkWare.Ben-Sasson stated in a post on X this past Monday that he was reinforcing his stance that “corporate” chains will not endure because they are misaligned with a core principle of blockchain, which necessitates them to eliminate their role as a centralized entity.“The crucial aspect of blockchain is a framework that eliminates a centralized authority. It comes at a price: A highly intricate technology that’s difficult to…
“`html By Sheldeen Joy Talavera, Correspondent CONSUMERS might experience increased electricity costs starting next month as the Energy Regulatory Commission (ERC) sanctioned a new feed-in tariff allowance (FIT-All) designated for compensating renewable energy (RE) developers. At a press conference on Monday, ERC Chairperson and Chief Executive Officer Francis Saturnino C. Juan stated that the commission has sanctioned a new charge of P0.2073 per kilowatt-hour (kWh), surpassing the P0.1189 per kWh that was previously applied. “According to the guidelines of the feed-in tariff system issued by the ERC, FIT-eligible facilities are guaranteed to receive the approved rate. If they have already…
“`html The Bitcoin value is maintaining stability around $111,000 following a volatile few weeks, yet TD Cowen analysts anticipate that the bitcoin value might hit $141,000 by December. In a note released on Monday, the firm emphasized the recent collapse and recovery in the crypto market as evidence of the robustness of the broader cryptocurrency and bitcoin ecosystem. The dramatic collapse earlier this month triggered approximately $19 billion in liquidations, marking the largest single-day occurrence in crypto history. In spite of the magnitude of the sell-off, TD Cowen observed that most exchanges continued to function with minimal interruption, showcasing the…
“`html Pizza Hut’s UK dine-in venture has entered administration, jeopardizing hundreds of positions and delivering another setback to the increasingly delicate casual dining industry. The franchise, owned by US-based Yum! Brands, has appointed FTI Consulting to manage the process. Although delivery and takeaway services remain unchanged, the administration raises significant concerns about the long-term sustainability of mid-market dining establishments on the high street. Industry analysts assert that the brand failed to carve out a distinct identity in a market increasingly swayed by divergent consumer inclinations. “Being second-best at everything will harm you quicker than excelling in one area,” remarked Tony…
“`html Reliable Editorial content, assessed by prominent industry professionals and experienced editors. Ad Disclosure Bitcoin is exhibiting indications of resurgence after facing weeks of selling pressure, which peaked in a steep flash crash on October 10, when the price momentarily fell to approximately $103,000. Since that event, BTC has seen a modest recovery, currently testing resistance around $111,000, a region historically frequented by sellers. Despite this rebound, market sentiment remains delicate, with traders reluctant to declare a definitive bottom. Leading analyst Darkfost suggests that Bitcoin might be transitioning into a new disbelief phase — a season often observed at the…
“`html BlackRock introduced a Bitcoin-related exchange-traded product (ETP) in the United Kingdom after the Financial Conduct Authority’s (FCA) decision to loosen limitations on crypto investment tools.On Monday, the asset manager’s website displayed that the iShares Bitcoin ETP was now listed on the London Stock Exchange. As reported by the Sunday Times, this product, organized as a Bitcoin-linked security, will enable investors to acquire portions of Bitcoin (BTC) with units starting around $11.The ETP is intended to replicate BTC prices while trading under a regulated framework, thus allowing investors to engage in the crypto market via conventional brokerage accounts. It permits…
“`html A US financier claims he lost $3 million in XRP after cybercriminals drained his wallet, and blockchain analysis indicates the assets traversed rapidly through obscure over-the-counter networks associated with Southeast Asia. Related Reading Funds Traced To OTC Networks Per blockchain investigator ZachXBT, the embezzled digital coins were initially consolidated into a single Tron address and then funneled through OTC services linked to an illicit platform known as Huione Guarantee. Reports have revealed that Huione Guarantee is associated with an array of criminal activities, and once funds pass through those channels, they are extremely difficult to reclaim. The trace offers…
“`html The leader of Belarus’s security organization stated that his agency was attempting to foster connections with Ukraine to assist in attaining a resolution to its protracted war with Russia, as reported by the nation’s state news outlet on Sunday. Ivan Tertel’s remarks to state television came after reports last week indicated that a high-ranking Belarusian diplomat had engaged in discussions with Europeans to alleviate the isolation that has long been enforced on his nation, a close associate of Russian President Vladimir Putin. Tertel, whose statements were covered by the Belta news agency, mentioned that discussions with Ukrainian officials were…
“`html The valuation of Bitcoin will face a difficult path in the future as long as long-term holders keep realizing profits, as per analysts.The inability of cryptocurrency markets to rebound was not attributed to manipulation, phony Bitcoin, or suppression, “merely classic sellers,” remarked analyst James Check on Sunday.Check mentioned that the significant amount of selling pressure from current Bitcoin (BTC) holders is still not widely acknowledged, and that it is “the cause of resistance” at this time. The analyst released a chart illustrating that the average age of spent coins has risen throughout the cycle, indicating that long-term holders were the…