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Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan Measures Power Usage in Crypto Mining Sector, Estimates Deficit In an effort to explain why Kazakhstan is considering imposing restrictions on new cryptocurrency mining operations, the Ministry of Energy told local media that data centers minting digital coins use 5 megawatts (MW) of electricity each hour. Just a single mining facility burns an average of 3.6 million kilowatts (kW) a month, the department stated, noting that the amount equals the consumption of 24,000 homes. As China has been cracking down on cryptocurrency miners this year, the Central Asian nation has become an attractive destination for many businesses from the

“Our events change year on year, but the one area that has remained topical is crypto,” Web Summit’s Shauna Kiely said. Major global technology conference Web Summit is returning to Portugal with an in-person event to delve into the world of fintech and cryptocurrency. On Nov. 1, Web Summit 2021 will kick off in Lisbon, Web Summit’s first physical conference since the beginning of the COVID-19 pandemic. The event covers topics from cryptocurrencies to geopolitics and is anticipated to bring together 40,000 attendees, running until Nov. 4. Crypto an integral part of Web Summit Web Summit’s fintech expert, Shauna Kiely, told Cointelegraph that the crypto industry has emerged as one of the conference’s most-discussed topics in recent years, largely covered at Web Summit’s fintech stage MoneyConf: “Our events change year on year, but the one area that has remained topical is crypto. We have seen a huge shift in the fintech world f

Asset managers, hedge funds, and high net-worth individuals (HNWIs) have been dipping their toes in cryptocurrencies. DeVere Group CEO Nigel Green recently said that there is a “growing retail and institutional demand for cryptocurrencies because it is becoming increasingly clear that the shift towards borderless, global digital currencies is inevitable.” Convenience and security With institutional investors flocking to own digital assets, security measures have come into the spotlight. Though the blockchain itself is highly secure, hackers frequently manage to steal funds by exploiting human errors, blind spots, and other weaknesses. Institutions are extra cautious with their assets because the stakes for them are much higher than for an average Joe. When it comes to the custody of their crypto assets, users have a wide variety of options to choose from. Hot wallets such as desktop wallets, online wallets, and mobile wallets are always connected to the Internet. They are convenient, b

In mid-April the creator of the Bitcoin network, Satoshi Nakamoto entered the world’s top 20 richest billionaire list but after bitcoin’s price dropped, the inventor’s wealth plummeted. This week, Nakamoto has once again joined the top 20 richest people on the face of the earth. The last time, Nakamoto made the 19th position, and this time around, Bitcoin’s inventor is now the 20th richest person(s) on the face of the planet. 6 Months After Bitcoin’s All-Time High, Satoshi Nakamoto Becomes the 20th Wealthiest Person in the World The leading crypto asset bitcoin (BTC) has skyrocketed past the $60K handle and tapped a high of $62,945 on Friday. Using today’s exchange rate and the estimated stash of bitcoin Satoshi Nakamoto reportedly owns, indicates that Bitcoin’s inventor is the 16th richest person or persons worldwide. The last time Bitcoin.com News reported on this subject, Nakamoto climbed from the 159th richest person in the globe to the 19th in a mere five months. Using today’s B

- Cardano Summit 2021 outshines the whole platform. - The platform to be innovated in aspects of NFTs and DeFi. - Announcements confirm numerous partnerships on the rise. The Cardano Summit 2021 was a huge success, as far as the team from Cardano Foundation insists. But yet, many exciting news were announced officially, regarding the future plans for the platforms, numerous partnerships and more.  Plans for the Cardano Platform The Cardano Foundation is said to have founded the Cardano (ADA) Summit too. Accordingly for the year 2021, the Cardano Summit was held in about six different countries in a period of two days. Upon this, the Cardano Summit 2021, held in the month of September in 2021 gave out a huge aura of positivity.   In spite of all this, the CEO of Cardano Foundation, Frederick Gregaard states that the main notion of their platform is to technologically excel.  This will be for adopting more and more new functions that could be enabled upon it.   Also, the CEO states tha