10 Best Chrome Extensions That Are Perfect for Everyone

Are you a great Chrome user? That’s nice to hear. But first, consider whether or not there are any essential Chrome extensions you are currently missing from your browsing life, so here we're going to share with you10 Best Chrome Extensions That Are Perfect for Everyone

Are you a great Chrome user? That’s nice to hear. But first, consider whether or not there are any essential Chrome extensions you are currently missing from your browsing life, so here we’re going to share with you 10 Best Chrome Extensions That Are Perfect for Everyone. So Let’s Start.

1. LastPass

When you have too several passwords to remember, LastPass remembers them for you.

This chrome extension is an easy way to save you time and increase security. It’s a single password manager that will log you into all of your accounts. you simply ought to bear in mind one word: your LastPass password to log in to all or any your accounts.

Features

  • Save usernames and passwords and LastPasswill  log you  in  automatically.
  • Fill the forms quickly to save your addresses, credit card numbers and more.

2. MozBar

MozBar is an SEO toolbar extension that makes it easy for you to analyze your web pages’ SEO while you surf. You can customize your search so that you see data for a particular region or for all regions. You get data such as website and domain authority and link profile. The status column tells you whether there are any no-followed links to the page.You can also compare link metrics. There is a pro version of MozBar, too.


3. Grammerly

Grammarly is a real-time grammar checking and spelling  tool for online writing. It checks spelling, grammar, and punctuation as you type, and has a dictionary feature that suggests related words. if you use mobile phones for writing than  Grammerly also have a mobile keyboard app.

4. VidlQ

VidIQ is a SaaS product and Chrome Extension that makes it easier to manage and optimize your YouTube channels. It keeps you informed about your channel’s performance with real-time analytics and powerful insights.

Features

  • Learn more about insights and statistics beyond YouTube Analytics
  • Find great videos with the Trending tab.
  • You can check out any video’s YouTube rankings and see how your own video is doing on the charts.
  • Keep track  the  history of the keyword to determine when a keyword is rising or down  in popularity over time.
  • Quickly find out which videos are performing the best on YouTube right now.
  • Let this tool suggest keywords for you to use in your title, description and tags.

5. ColorZilla

ColorZilla is a browser extension that allows you to find out the exact color of any object in your web browser. This is especially useful when you want to match elements on your page to the color of an image.

Features 

  •  Advanced Color Picker (similar to Photoshop’s)
  • Ultimate CSS Gradient Generator
  • The “Webpage Color Analyzer” site helps you determine the palette of colors used in a particular website.
  • Palette Viewer with 7 pre-installed palettes
  • Eyedropper – sample the color of any pixel on the page
  • Color History of recently picked colors
  • Displays some info about the element, including the tag name, class, id and size.
  • Auto copy picked colors to clipboard
  • Get colors of dynamic hover elements 
  • Pick colors from Flash objects
  • Pick colors at any zoom level

6. Honey

Honey is a chrome extension with which you  save each product from the website and notify it when it is available at  low price it’s one among the highest extensions for Chrome that finds coupon codes whenever you look online.

Features

  • Best for finding exclusive prices on Amazon.
  • A free reward program called Honey Gold.
  • Searches and filters the simplest value fitting your demand.
  • Instant notifications.


7. GMass: Powerful Chrome Extension for Gmail Marketers

GMass (or Gmail Mass) permits users to compose and send mass emails using Gmail. it is a great tool as a result of you’ll use it as a replacement for a third-party email sending platform. you will love GMass to spice up your emailing functionality on the platform.


8. Notion Web Clipper: Chrome Extension for Geeks

It’s a Chrome extension for geeks that enables you to highlight and save what you see on the web.

It’s been designed by Notion, that could be a Google space different that helps groups craft higher ideas and collaborate effectively.

Features

  • Save anything online with just one click  
  • Use it on any device
  • Organize your saved clips quickly
  • Tag, share and comment on the clips

If you are someone who works online, you need to surf the internet to get your business done. And often there is no time to read or analyze something. But it’s important that you  do it. Notion Web Clipper will help you with that.

9. WhatFont: Chrome Extension for identifying Any Site Fonts

WhatFont is a Chrome extension that allows web designers to easily identify and compare different fonts on a page. The first time you use it on any page, WhatFont will copy the selected page.It  Uses this page to find out what fonts are present and generate an image that shows all those fonts in different sizes. Besides the apparent websites like Google or Amazon,  you’ll conjointly use it on sites wherever embedded fonts ar used. 

10. SimilarWeb: Traffic Rank & Website Analysis Extension

Similar Web is an SEO add on for both Chrome and Firefox.It allows you  to check web site traffic and key metrics for any web site, as well as engagement rate, traffic ranking, keyword ranking, and traffic source. this is often a good tool if you are looking to seek out new and effective SEO ways similarly as analyze trends across the web.

Features

  • Discover keyword trends
  • Know fresh keywords
  • Get benefit from the real traffic insights
  • Analyze engagement metrics
  • Explore unique visitors data
  • Analyze your industry’s category
  • Use month to date data


How to Install chrome Extension in Android

I know everyone knows how to install extension in pc but most of people don’t know how to install it in android phone so i will show you how to install it in android

1. Download Kiwi browser from Play Store and then Open it.


 2. Tap the three dots at the top right corner and select Extension. 


3. Click on (+From Store) to access chrome web store or simple search chrome web store and access it.


4. Once you found an extension click on add to chrome a message will pop-up  asking if you wish to confirm your choice. Hit OK to install the extension in the Kiwi browser.


5. To manage  extensions on the browser, tap the three dots in the upper right corner. Then select Extensions to access a catalog of installed extensions that you can disable, update or remove with just a few clicks.


Your Chrome extensions should install on Android, but there’s no guarantee all of them will work. Because Google Chrome Extensions are not optimized for Android devices.


Final Saying

We hope this list of 10 best chrome extensions that is perfect for everyone will help you in picking the right Chrome Extensions. We have selected the extensions after matching their features to the needs of different categories of people. Also which extension you like the most let me know in the comment section

Source: Tech Crunch

Most Frequently Asked Questions About Email Marketing


1. Why is email marketing important?

Email is the marketing tool that helps you  create a seamless, connected, frictionless buyer journey. More importantly, email marketing allows you to build relationships with prospects, customers, and past customers. It’s your chance to speak  to them right in their inbox, at a time that suits them. Along with the right message, email can become one of your most powerful marketing channels.

2. What is benefits of email marketing?

Email marketing is best way for creating long term relationship with your clients, and increasing sales in our company.

Benefits of email marketing for bussiness:
  • Better brand recognition
  • Statistics of what works best
  • More sales
  • Targeted audience
  • More traffic to your products/services/newsletter
  • Build credibility
Most  bussinesses are using email marketing and making tons of money with email marketing.

3. What is the simplest day and time to send my marketing emails?


Again, the answer to this question varies from company to company. And again, testing is the way to find out what works best. Typically, weekends and mornings seem to be  times when multiple emails are opened, but since your audience may have different habits, it’s best to experiment and then use your  data to decide.

 4. Which metrics should I be looking at?


The two most important metrics for email marketing are  open rate and click-through rate. If your emails aren’t opened, subscribers will never see your full marketing message, and if they open them but don’t click through to your site, your emails won’t convert.

5. How do I write a decent subject line?


The best subject lines are short and to the point, accurately describing  the content of the email, but also catchy and intriguing, so the reader wants to know more. Once Again, this is the perfect place for  A/B testing, to see what types of subject lines work best with your audience. Your call to action should be clear and  simple. It should be somewhere at the top of your email for those who haven’t finished reading the entire email,  then repeated  at the end for those reading all the way through. It should state exactly what you want subscribers to do, for example “Click here to download the premium theme for free.


6. Is email marketing still effective?

Email marketing is one of the most effective ways for a business to reach its customers directly. Think about it. You don’t post something on your site  hoping people will visit it. You don’t even post something on a social media page and hope fans  see it. You’re sending something straight to each person’s inbox, where they’ll definitely  see it! Even if they don’t open it, they’ll still see your subject line and business name every time you send an email, so you’re still communicating directly with your audience.

7. However do I grow my email subscribers list? Should i buy an email list or build it myself?

Buying an email list is  waste of time & money. These email accounts are unverified and not interested in your brand. The mailing list is useless if your subscribers do not open your emails. There are different ways to grow your mailing list. 

Give them a free ebook and host it on a landing page where they have to enter the email to download the file and also create a forum page on your website, asks your visitors what questions they might have about your business, and collects email addresses to follow up with them.

8. How do I prevent audience from unsubscribing?


If the  subject line of the email is irrelevant to  customers, they will ignore it multiple times. But, if it keeps repeating, they are intercepted and unsubscribed from your emails. So, send relevant emails for the benefit of the customer. Don’t send emails that often only focus  on sales, offers and discounts. 
Submit information about your business and offers so you can connect with customers. You can also update them on recent trends in your industry. The basic role of an email is first and foremost to  connect with customers, get the most out of this tool.

9. What is the difference between a cold email and a spam email?


Cold emails are mostly sales emails that are sent with content align to the needs of the recipient. It is usually personalized and includes a business perspective. However, it is still an unsolicited email. And all unsolicited emails are marked as SPAM. 
Regularly receiving this type of unsolicited email in your users’ inboxes, chances are  your emails will soon be diverted to  spam or junk folders. The most important thing to prevent this from happening is to respect your recipients’ choice to opt-out of receiving emails from you. You can add the links to easily unsubscribe. You must be familiar with the CAN-SPAM Act and its regulations.

10. Where can I find email template?

Almost all email campaign tools provide you with ready-made templates. Whether you use MailChimp or Pardot, you’ll get several email templates ready to use.
 However, if you want to create a template from scratch, you can do so.Most of email campaign tools have option to paste the HTML code of your own design. 


11. What email marketing trend will help marketers succeed in 2022?

Is it a trend to listen to  and get to know your customers? I think people realize how bad it feels for a brand or a company to obsess over themselves without knowing their customers personal needs. People who listen empathetically and then provide value based on what they learn will win.


Final Saying


 You can approach email marketing in different ways. We have compiled a list of most frequently asked questions to help you understand how to get started, what constraints you need to keep in mind, and what future development you will need, we don’t have 100% answers to every situation and there’s always a chance you will have something new and different to deal with as you market your own business. 

Source: Tech Crunch

Top 9 Free AI Tools That Make Your Life Easier


Photo:- Copy.ai



First one on the list is copy.ai. It is an AI based copy writer tool. Basically  what a copywriter tool does is, it gives you content that you can post on your blog or video  when you give it a few descriptions about the topic you want content on.So copy ai can help you write instagram captions gives you blog idea, product descriptions,  facebook content, startup ideas, viral ideas, a lot of things it can do, you just make an account  in this website, then select a tool and fill in the necessary description and the AI will generate  content on what you ask for.

For tutorials go to their official Youtube  channel .An awesome tool that is going to be really handy in the future.



Hotpot.ai offers a collection of  AI tools for designers, as well as for anyone, it has an “AI picture restorer” which removes  scratches ,and basically restores your old photo into amazing pictures and makes it look brand new. 

 Ai picture colorizer , turns your black and white photo into color. And there is a background  remover tool, picture enlarger and a lot more for designers, check it out,and explore all the tools.



Deep-nostalgia became  very popular on the internet when people started 

making reaction videos of their parents reacting  to animated pictures of their grandparents. So deep – nostalgia is a very cool app, that will  animate any photo of a person.

 So what makes it really cool is that fact that you can upload an  old photo of your family and see them animate and living. Which is pretty cool and creepy at  the same time if they are dead already.. Really amazing service from myheritage, I created a  lot of cool animations with my old photos as well as with the photos of my grandparents.

Having a nice  looking profile picture is really important if you want that professional feel in your socials.  Whether in linkedin or twitter having a 

distinct and catchy profile picture can make  all the difference. So that’s where pfpmaker comes in. it a free online tool to create amazing professional profile pictures that fits you. It generates a lot of profile pictures  and you can also make small changes to already created profile pictures if you want to,as well.



Continue reading “Top 9 Free AI Tools That Make Your Life Easier”

Tonga struggles with ash, psychological trauma after eruption and tsunami

A satellite image shows Mango islands
A satellite image shows Mango islands after Hunga Tonga-Hunga Ha’apai volcano eruption, in Tonga, January 20, 2022. Satellite Image @2022 Maxar Technologies/Handout via REUTERS

Families have prevented children from playing outside as Tonga struggles to deal with the ash and  psychological effects of last week’s volcanic eruption and tsunami, aid workers and local residents said. Telephone service interrupted. 

The Red Cross said it was providing 173 households on the main island of Tonga not only with tents, food, water and toilets  but also comforts. “Right now everyone is still having issues,” said Drew Havea,  vice president of the Tonga Red Cross. 

Because of the ashes, “families make sure their kids aren’t playing outside, that everyone is inside,” he said. 

Although some residents of the hardest-hit Ha’apai outlying islands  had been evacuated to the main island of Tongatapu, others refused to go, Havea said. The psychological effects of waves breaking through and destroying villages will affect their lives for some time, he said. “All the kids grew up, they were taught in their geography class that this is the ring of fire we  all live in. 

Now I think we’re pretty worried and we’re starting to think, ‘How active are these places?he told Reuters. The eruption of HungaTongaHungaHa’apai volcano, which sits on the seismically active Pacific Ring of Fire, sent tsunami waves across the Pacific Ocean and was heard about 2,300 km (1,430 miles) away in New Zealand.

The eruption was so powerful that space satellites captured not only huge clouds of ash but also an atmospheric shockwave that radiated out from the volcano at close to the speed of sound.
“I thought the world was ending,” recalled John Tukuafu, owner of  beach resort Vakaloa, who had to rush to save his wife from the tsunami. 

The resort was in Kanokupolu, one of the worst-hit areas of Tongatapu. and uprooted trees and debris now lie in the area where the complex was located. it has taken a week for many people to recover from the “throbbing and terrifying” sound of the eruption, he said.
 
“It was too loud to hear, but I could feel it. Until the big bang,” She told Reuters by phone on SundayResidents were wishing for tropical rain to wash off the “awful and itchy” volcanic dust, said Fonua. Leaves on trees had turned brown and were falling off.

Fonua said she was in her seafront office talking on the phone to her son in New Zealand when the tsunami struckWhen the line went dead, he feared she had been swept away. 
The anxiety of many Tongan families overseas was prolonged in the days it took for limited international call capacity to be restored.

Cut off from the world, Tongans got on with immediate rescue efforts, Fonua said.
Older Tongans with a tradition of self-reliance remarked that young people had been forced to stop looking at their smart phones and had leapt into action, she said.

With power restored after a week, the Matangi Tonga website posted its first story on Saturday since the eruption and tsunami, describing the “pumice rain”, as volcanic debris fell from the sky, and waves that engulfed cars.

Still, her office cannot send email and Tonga needs more satellite capacity, Fonua said.
The international navy ships and flights arriving had brought much needed supplies and communication equipment, she said.

Source: Tech Crunch

People with this certain gene version less likely to develop severe COVID-19

omicron


The new results show that people with a specific version of a gene are less likely to develop severe COVID-19. Earlier research had identified a specific group of genes, called the OAS1/2/3 gene cluster, as being involved in the risk for severe COVID-19. 

One version of a gene in that cluster –passed down from Neanderthals, appeared to protect against serious disease, reducing  risk by about 23%. Previous research was mostly done on people of European ancestory. Researchers are now seeing the same association of this genetic variant with less severe COVID-19 in people of African ancestory, according to a report published in Nature Genetics.

 “The fact that people of African descent had the same protection allowed us to identify the only variant in  DNA that actually protects against COVID19 infection. co-author dr. Jennifer Huffman  said in a statement.

 OAS genes are involved in a cascade of effects that help cells fight viruses, the researchers said. Understanding these genes and their impact on COVID19 risks could aid in the development of future drugs, they added.

Fewer Delta breakthroughs with Moderna vs Pfizer/BioNTech

When the delta variant  coronavirus was widespread in the United States, recipients of two doses of Moderna’s mRNA vaccine (MRNA.O) were less likely to have breakthrough infection  and  were slightly less likely to be hospitalized  than recipients of two doses of  mRNA vaccine from Pfizer and BioNTech, found a large study. 

The researchers analyzed the medical records of more than 637,000 vaccine recipients who had not previously been infected with the virus and had not received a booster shot.

 As reported in JAMA on Thursday, advanced infections increased steadily each month from July through November 2021, with higher rates in the Pfizer/BioNTech group. 

In November, there were 2.8 cases per thousand people vaccinated with the Pfizer/BioNTech injections compared to 1.6 cases per thousand recipients of the Moderna vaccines.

Source: Tech Crunch

Scientists scrutinise characteristics of new Omicron sub-variant

 

Image Credit:CIPhotos via Getty Images


Studies are underway to find out the precise characteristics of the latest Covid-19 variant ‘BA.2’. It already accounts for the majority of most recent cases in a number of countries, including India, Denmark and Sweden. But, for French Health Minister Olivier Véran, this sub-variant’s arrival in France is not “a game changer”.

BA.2, nicknamed “Omicron’s little brother”, made its first appearance in France a few weeks ago. Mentioned for the first time by Véran during a press conference on January 20, this new Covid-19 derivative is being scrutinised by scientists.

  • Where does BA.2 come from?  

BA.2 was first identified in India and South Africa in late December 2021. It is a sub-variant, believed to have emerged from a mutation of Omicron (officially known as BA.1). Omicron itself was born from a mutation of Delta. Other sub-lineages have already been referenced, such as BA.3 or BB.2, but they have attracted less attention from epidemiologists because of the dramatic increase in cases of people who have contracted BA.2.

BA.2 has more than 20 mutations, about half of them in the spike protein. This is the famous protein that interacts with human cells and is the key to the virus entering the body.

  • Is this sub-variant as dangerous as Omicron?  

The World Health Organization (WHO), which had classified Omicron as a “variant of concern”, does not at this stage distinguish between it and its BA.2 sub-lineage. For his part, Véran said that “as far as we know at the moment, it corresponds more or less to the characteristics we know about Omicron”. It is not “a game changer” at this stage, added Véran in an attempt to reassure.

BA.2 is being closely studied by the scientific community, but there is as yet no precise data on its resistance to vaccines or the severity of the cases of Covid-19 it causes. Scientists are beginning to speak out on the subject, while remaining cautious.

Virologist Tom Peacock of Imperial College London tweeted that “very early observations from India and Denmark suggest there is no dramatic difference in severity compared to BA.1. This data should become more solid (one way or another) in the coming weeks.”

Peacock added that “there is likely to be minimal differences in vaccine effectiveness against BA.1 and BA.2. Personally, I’m not sure BA.2 is going to have a substantial impact on the current Omicron wave of the pandemic.

“Several countries are near, or even past the peak of BA.1 waves. I would be very surprised if BA.2 caused a second wave at this point. Even with slightly higher transmissibility this absolutely is not a Delta-Omicron change and instead is likely to be slower and more subtle,” he predicted.

For epidemiologist Antoine Flahault, director of the University of Geneva’s Institute of Global Health, infection monitoring should make it possible to test the resistance of BA.2, in particular if people infected with the classic Omicron are again contaminated with the sub-variant. However, it is necessary to have the means to detect contamination with BA.2 in the population, which seems delicate at this stage and which does not seem to be self-evident.

  • Why is BA.2 so difficult to trace?  

BA.2 poses certain challenges to scientists, as it is not easy to track. A variation in PCR test protocols and the fact that the type of kit varies from one laboratory to another makes it difficult to reliably identify BA.2, according to Florence Débarre, a biologist at the Institute of Ecology and Environmental Sciences in Paris, interviewed by Libération. “In the UK, the way the tests are carried out does not allow us to distinguish between BA.2 and Delta,” explains Débarre.

There is a more accurate but less commonly used tool for tracking variants: genetic sequencing of the virus. This allows the exact presence of this sub-variant to be identified. But in France, for example, only some of the laboratory tests are randomly subjected to this more in-depth and expensive form of analysis. Sequencing also has the drawback of being slow, which means it is not suitable for monitoring a rapidly spreading variant.

  • Where is BA.2 most dominant? 

The sub-variant has been detected in at least 43 countries on all continents. It is believed to have become the most common variant in a number of countries, including India, Denmark and Sweden. In Denmark, the number of daily cases of Covid-19 has started to rise again, just when the Danes thought they had already reached the peak.

The UK Health Security Agency (UKHSA) identified more than 400 cases in Britain in the first 10 days of January.

“The Danish authorities have no explanation for this phenomenon, but it is being closely monitored,” said France’s public health agency, which is following the latest developments in Denmark. This “suggests that BA.2 is even more transmissible”, agreed Débarre. In Europe, BA.2 has also been sequenced in the UK, Germany, Belgium, Italy and France, while North America, Asia and Australia have recorded cases, too.

  • Is BA.2 evolving as fast in France?

To date, the sub-variant has been detected “at very low levels” in France, says France’s public health agency. “We have an international situation where the Omicron variant is circulating a lot, so it is normal that we observe sub-variants over time,” the agency said on January 21.

Source: Tech Crunch

WhatsApp plans transfer of data between Android, iOS devices

whatsapp


 

WhatsApp chat could now be transferred between Android and iOS devices after the Meta-owned messaging app  plans to roll out a new update. 

This was revealed by the found source code  of WhatsApp 22.74 Beta for iOS. However, the migration process would not be easy and would require both devices to have the app installed and would likely involve a wired or  private WiFi connection. In comparison, other messaging apps store and sync user data with Google Drive, iCloud or their own cloud service.

 WhatsApp recently added new features to its desktop and Android apps. The Android app will get new pencil and drawing  tools in a future update, while WhatsApp Desktop will get new chat bubble colors. The desktop app  also gets a new dark blue color that is only visible in dark theme mode.

The instant messaging app is also testing a new emoji message reaction info tab and new  message reaction notification settings. WhatsApp feature tracker WABetaInfo said that WhatsApp is introducing new drawing tools to its Android app. 

You get two pens, including one thinner and one thicker than the existing pen. The app is also working on a blur  tool that may be added  in the future. 

The new features appeared in the WhatsApp Beta for Android 2.22.5 update, but they are disabled by default. 

These features are still under development and may be made available to WhatsApp beta testers soon.

Source: Tech Crunch

Bitcoin Extends Slide, Has Fallen More Than 50% From Record High


 Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November.

Bitcoin’s decline since hitting the record has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group.

With the Fed’s intentions rocking both cryptocurrencies and stocks, a dominant theme has emerged in the digital-asset space: cryptos have twisted and turned in nearly exactly the same way as equities have.

Bitcoin fell as low as $34,042 Saturday, a drop of 7.2%.

Source: Tech Crunch

Russian c.bank proposes banning cryptocurrencies, crypto mining

crypto currency
Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty.

The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated highly volatile digital currencies could undermine their control of financial and monetary systems.

Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.

In December, the price of bitcoin fell after Reuters reported, citing sources, that Russia’s regulator was in favour of a complete ban on cryptocurrencies.

In a report published on Thursday, the central bank said speculative demand primarily determined cryptocurrencies’ rapid growth and that they carried characteristics of a financial pyramid, warning that bubbles in the market could form, threatening financial stability and citizens.

The bank proposed preventing financial institutions from carrying out any operations with cryptocurrencies and said mechanisms should be developed to block transactions aimed at buying or selling cryptocurrencies for fiat, or traditional currencies. The proposed ban includes crypto exchanges.

Russians are active cryptocurrency users, the central bank said, with an annual transaction volume of about $5 billion.

CRYPTO MINING

Russia is the world’s third-largest player in bitcoin mining, behind the United States and Kazakhstan, though the latter may see a miner exodus over fears of tightening regulation following unrest earlier this month. read more

The central bank said crypto mining created problems for energy consumption. Bitcoin and other cryptocurrencies are “mined” by powerful computers that compete against others hooked up to a global network to solve complex mathematical puzzles. The process guzzles electricity and is often powered by fossil fuels.

“The best solution is to introduce a ban on cryptocurrency mining in Russia,” the bank said.

In August, Russia accounted for 11.2% of the global “hashrate” – crypto jargon for the amount of computing power being used by computers connected to the bitcoin network.

In its report, the central bank pointed to steps taken in other countries, such as China, to curb cryptocurrency activity. It said it would work with regulators in countries where crypto exchanges are registered to collect information about the operations of Russian clients.

In September, China intensified its crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Russia’s regulator said crypto assets becoming widespread would limit the sovereignty of monetary policy, with higher interest rates needed to contain inflation.

It said the long-term potential of cryptocurrencies being used for settlements was limited.

Meanwhile, the Bank of Russia is planning to issue its own digital rouble, joining the global trend to develop digital currencies to modernise financial systems, speed up payments and counter a potential threat from other cryptocurrencies.

Source: Tech Crunch