China’s National Development and Reform Commission (NDRC), said on Tuesday that in the next stage of its crypto mining crackdown it will consider “punitive electricity prices” for some crypto mines. The country’s top economic planning body might implement this measure for companies that mine crypto, but only pay residential electricity prices, said NDRC’s Meng Wei […]

Bitcoin (BTC) is consolidating around $63,000 after buyers failed to sustain a price bounce over the weekend. The cryptocurrency is displaying signs of upside exhaustion on the charts, which suggests further downside is likely, albeit limited toward the $57,000-$60,000 support zone. The relative strength index (RSI) on the four-hour chart (see above, featured image) registered […]

Galaxy Digital (TSX: GLXY), the publicly listed cryptocurrency conglomerate helmed by Mike Novogratz, saw its third-quarter income grow to $517 million, according to a Monday earnings release. That’s an increase of 1,146% from the $41.5 million the firm made in 2020′s third quarter. In addition, Galaxy said preliminary income for the fourth quarter of this […]

While the Indian government is cognizant of risks associated with cryptocurrencies, it intends to take “progressive” and “forward-looking” steps on the matter, sources told Indian news agency Asia News International (ANI) after Prime Minister Narendra Modi chaired a meeting on cryptocurrencies’ future in the country. “It was strongly felt that attempts to mislead the youth […]