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Illegal Crypto Miners Threatened With Jail Time in Russia


Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...

Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted


The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by...

Russia to Decide Fate of Crypto Exchangers in 2022


Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...

ETH Options Open Interest Reaches Record High as ETH/BTC Breaks Out


The aggregated open interest (OI) across exchanges in the ethereum (ETH) options market reached a record high on Wednesday of USD 7.76b, suggesting that more sophisticated traders are positioning themselves for major moves in the second largest cryptocurrency. The USD 7.76b figure was recorded...

Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future


Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development....

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