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Here's how much Kazakh gov't made off crypto mining in Q1 2022
30.5.2022
The Kazakh budget has not received the expected amount of fees from crypto mining as the government has shut down lots of miners to “ensure energy security,” the government said
South Korean authorities reportedly probe staff behind Terra
30.5.2022
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues
Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto
30.5.2022
A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks...
Youtuber NasDaily’s Bitcoin buy is $200K underwater: 'Be greedy and HODL'
30.5.2022
Bear market advice from Youtuber NasDaily, whose “once in a generation” bet on Bitcoin is down roughly $200,000
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy
30.5.2022
Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao....
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
29.5.2022
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working...
Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE
29.5.2022
Bitcoin is attempting to form a higher low at $28,630 and if that happens, ETH, XTZ, KCS and AAVE may rally in the near term
Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims
29.5.2022
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions
29.5.2022
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024, as originally planned. CBR to Launch...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...
Terra (LUNA) 2.0 relaunches according to Do Kwon's revival plan
28.5.2022
The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks
Russia Considers Using Cryptocurrencies for International Settlements
28.5.2022
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry...
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
28.5.2022
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions
3 metrics contrarian crypto investors use to know when to buy Bitcoin
27.5.2022
Bitcoin price is down, but which dips are the ones to buy? Here are three metrics savvy investors use to determine when to buy BTC
On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K
27.5.2022
Multiple indicators signal that BTC could be in a “buy zone” but analysts caution that its price could still dip below $20,000
Bulgarian Crypto Trader Disappears Under Mysterious Circumstances
27.5.2022
The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian...
WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement
27.5.2022
New partnerships, a mainnet upgrade and plans to launch a stablecoin appear to have triggered a 200% rally in WEMIX price
Two key takeaways from Nansen’s UST stablecoin depeg report
27.5.2022
Blockchain analysis firm Nansen identifies two major takeaways following Terra's UST algorithmic stablecoin collapse
Binance to Advise Kazakhstan on Crypto Regulations
27.5.2022
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate...
Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
26.5.2022
ETH dropped below a key support in its USD and BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal