Kazakhstan likely to lose Bitcoin hash rate leadership in next index update
Several Chinese crypto mining giants like BIT Mining have already scraped some of their expansion plans in Kazakhstan. Go to Source Powered by WPeMatico
Russia
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Russian Social Media Network Vkontakte to Introduce NFT Support
Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate Use of Non-Fungible Tokens The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology and … Read more
Clarity pushed back: Russian government fails to forge a consolidated stance on crypto regulation
Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive. Go to Source Powered by WPeMatico
Crypto Exchange Binance Joins Expert Center at Russian Banks Association
Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry. Binance to Provide Crypto Expertise to Russian … Read more
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills. Russian Ministry of Finance to Open Consultations on New … Read more
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal … Read more
Bitcoin, Ethereum Technical Analysis: BTC Drops to 2-Week Low Below $40,000
Losses in cryptocurrency markets extended on Friday, with bitcoin falling to multi-week lows in the process. Ethereum was also lower during the session, whilst the global crypto market cap was down 3.70% as of writing. Bitcoin Bitcoin was down for a third consecutive session, as recent bearish pressure continued to intensify on the world’s largest … Read more
Russian finance ministry opens public comment period for the crypto bill
The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18. Go to Source Powered by WPeMatico
Binance exec to lead crypto expert center by Russian bank association
The Association of Banks of Russia has launched a dedicated expert center focused on cryptocurrency regulation. Go to Source Powered by WPeMatico
Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies
BTC and altcoins were hit by another round of selling as analysts say a worsening macroeconomic climate threatens to push Bitcoin price below $40,000. Go to Source Powered by WPeMatico