Daily Archives: 30/12/2020

Ripple: “SEC lawsuit hurt a lot of XRP retail holders”

Ripple has released an official statement accusing the US Securities and Exchange Commission (SEC) of its lawsuit against the company resulting in losses for “countless XRP retail holders.” The SEC filed a lawsuit against Ripple earlier this month. The commission accuses the Ripple management of selling unregistered securities, which are XRP coins. After that, the XRP rate began a precipitous fall and updated historical lows. The company’s statement highlights: “The SEC’s decision is not an…

Bloomberg: Sweden and Norway are again profitable for mining

Due to the decline in electricity prices, Sweden and Norway have again become attractive countries for mining Bitcoin and other cryptocurrencies. Given the humid climate of the Scandinavian countries, over the past 20 years, a large number of hydroelectric power plants have appeared in them, generating surplus electricity. This is the reason for the low cost of electricity in these countries. Their average electricity tariff this year is one third of that in Germany, Europe’s…