Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’

Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion in Turnover Expected From Russia’s Bitcoin … Read more

Cryptocurrency Market Update Oct 21st – Volatility for Bitcoin and Ethereum at Records Low

This week’s sideways trading trend continues this Friday as Bitcoin and Ethereum prices remain largely unchanged. Surprisingly, this Friday’s trading volume is up significantly for Bitcoin and Ethereum, suggesting a healthy market. Let’s look at relevant news affecting prices this week. Key Points: Bitcoin and Ethereum prices continue to hold support. With decreased volatility, Bitcoin … Read more

Grayscale Is Suing the SEC, Crypto Markets Remain Flat

Today’s cryptocurrency markets continue this week’s low volatility trend and sideways trading. While trading volume remained relatively high yesterday, we see further drops in volume this Thursday for significant crypto assets like Bitcoin and Ethereum. The biggest market news of today is a press release highlighting that Grayscale CEO is suing the SEC. Key Points: Grayscale … Read more

German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business

Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain Trading Until Last Day of November, Prepares to … Read more

Crypto Market Update for Oct 19th – Bitcoin and Ethereum Market Action Slows Down Further

For the past several weeks, we continued to see the cryptocurrency market trade sideways. The good news is that the bearish momentum is slowing down as Bitcoin and Ethereum prices are finding support and managing to hold above it. Like yesterday, when cryptocurrency markets continued to trade sideways, the trend continues today. The trading volume … Read more

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for … Read more

Crypto Market Update for Oct 18th – Sideways Trading for Bitcoin and Ethereum Continues

Cryptocurrency markets continue to trade sideways this week with little change in the prices of Bitcoin and Ethereum. While the crypto market trading volume and momentum increased yesterday, we’ve yet to see any significant price action today. Bitcoin remains in the $19k range, and Ethereum is trading at $1,300, with the global crypto market cap … Read more

Interpol Team Based in Singapore to Help Countries Combat Crypto Crime

A special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its general assembly in India. Cryptocurrency and cybercrime will be the main focus of the forum. Interpol Sets Up Unit to Tackle Crypto-Related Crimes, Top Executive … Read more

Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital

Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy … Read more

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