CryptoAddicted

2016 vs 2021

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📉Bitcoin rate continued to decline amid falling network hashrate. At the moment, the network hashrate of the first cryptocurrency is 158 Hash / s, although a couple of days ago it was close to 180 Hash / s. The largest drop was shown by the Huobi Pool, the hash rate of which decreased by 23%. Also, noticeable losses were recorded at AntPool (-16%), Binance Pool (-14%) and F2Pool (-11%). According to Chinese journalist Colin Wu, this is a temporary problem: “The main reason is the hot weather in Sichuan province and the high energy consumption of industrial facilities. Hydroelectric power plants generate 30% less energy than in rainy years, so on May 16 at 2 pm the power company cut off the electricity from the miners."

🤯 Turkish customs confiscated 500 smuggled ASIC miners. The Turkish Customs Service's anti-smuggling team received a tip and raided a warehouse in Karabaglar this week, where they found 501 ASIC miners in sealed cardboard boxes. Customs said the estimated value of the seized equipment was 5 million Turkish lira ($ 600,000), and the equipment was illegally imported into the country. As part of the investigation, four suspects were detained. According to local media publications, law enforcement agencies are carrying out another similar operation in Istanbul, the largest customs point in Turkey.

Discounts? 🤑🤑🤑

💵American city will start accepting cryptocurrencies as payment for utilities. The city of Williston in North Dakota joins the race to adopt cryptocurrencies in the United States. Now cryptocurrency payments in it are served at the municipal level. Williston's chief financial officer, Hercules Cummings, said the day before that the city had partnered with cryptocurrency firm BitPay to begin accepting digital assets as payment for utility bills.

Do you think it’s possible?

For seven years, the SEC has fined cryptocurrency projects $1.7 billion. According to a report by Cornerstone Research, the US Securities and Exchange Commission (SEC) has settled 70% of disputes against cryptocurrency firms, having imposed $1.77 billion in fines on them since 2013. “Over the past seven years, the SEC has established itself as one of the main regulators overseeing the cryptocurrency industry,” said report author Simona Mola.

For the first time since 2014, Tether released the USDT collateral details. For the first time since the launch of the USDT stablecoin in 2014, Tether has disclosed detailed information about the assets that provide the token emission. About 76% of USDT is backed by traditional currencies and liabilities in them. As of March 31, 2021, Tether holds 76% of its reserves in cash and cash equivalents, which includes short-term deposits and promissory notes. Of this figure, the largest share falls on promissory notes - 65%. Fiduciary deposits accounted for 24% of this category, repo transactions - 3.60%, treasury bills - about 3%. Cash formed a very small share - only 3.87%

In 1999, Forbes claimed that the internet “burns up an awful lot of fossil fuels” and sets the world on a dangerous trajectory of energy usage

💵Finance company MoneyGram will make it easy for customers to buy and sell bitcoins. The American financial company MoneyGram has created another bridge through which anyone can quickly convert their fiat money into cryptocurrency. This week, the giant's management announced a partnership with ATM provider Coinme, which has nearly doubled the number of locations in the United States for fast Bitcoin purchases. The partnership between these companies is quite intriguing news, because MoneyGram is one of the most popular firms that works with electronic money transfers.