The IMF May Increase Electricity Tariffs for Bitcoin Miners
The International Monetary Fund (IMF) has considered a proposal to raise electricity prices for cryptocurrency miners by 85%. This step is aimed at reducing global carbon emissions.
UAE Central Bank to Launch National Crypto Exchange
The National Bank of Ras Al Khaimah (RAKBANK) has announced a partnership with Bitpanda Technology Solutions to create a new digital asset management platform aimed at residents of the United Arab Emirates.
Kamala Harris Considers Gary Gensler for Treasury Secretary
Kamala Harris, a U.S. presidential candidate, has expressed her intention to appoint Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), as Treasury Secretary if she wins.
New Lawsuit Against Binance and Changpeng Zhao for Money Laundering
A federal court in Seattle has accepted a lawsuit against Binance and its founder, Changpeng Zhao. Three crypto investors claim they were unable to recover stolen funds due to the exchange’s ineffective anti-money laundering measures.
Rare CryptoPunk NFT Sold for Undisclosed Amount
Deepak Thapliyal, CEO of Chain, sold a rare NFT numbered #5822 from the CryptoPunks collection. The transaction amount and the buyer’s identity remain undisclosed. It’s worth noting that Thapliyal purchased this token for 8,000 ETH in February 2022.
Bitcoin Network Transaction Fees Soar by 937.7%
On August 22, there was a sharp increase in the average transaction fee in the Bitcoin network—from $0.74 to $7.68, corresponding to a 937.7% rise, according to Blockchain.com data.
