The cryptocurrency mining sector in Russia has experienced substantial growth, producing a total of 54,000 Bitcoins

Russia’s Bitcoin mining industry reaches $3 billion

2 mins read

The cryptocurrency mining sector in Russia has experienced substantial growth, producing a total of 54,000 Bitcoins in the current year, with an estimated worth of almost $3 billion. The expansion of mining in Russia can be ascribed to several factors, including the availability of inexpensive electricity and the country’s expansive territory and frigid temperature, which lower the expenses associated with cooling mining equipment. The overwhelming majority of Russian miners, accounting

Ripple requests a delay on its $125M fine as its legal battle with the SEC continues

Ripple requests a delay on its $125M fine as its legal battle with the SEC continues

1 min read

Ripple Labs has formally requested a postponement of the $125 million penalty levied by the US Securities and Exchange Commission (SEC) in the ongoing legal conflict with the business. The business anticipates that the Southern District Court of New York will take action on this motion before the payment deadline of September 6. Ripple’s request entails depositing the fine into an escrow account, where the monies will be held until

Mastercard partners with Mercuryo to launch a self-custodial euro-dominated crypto debit card

Mastercard partners with Mercuryo to launch a self-custodial euro-dominated crypto debit card

1 min read

Mastercard has collaborated with Mercuryo, a European supplier of crypto payments infrastructure, to introduce a debit card that allows users to make transactions in euros using cryptocurrency. This card enables users to utilize cryptocurrencies such as Bitcoin directly from their self-custodial wallets at more than 100 million retailers globally that accept Mastercard. Mastercard seeks to remove obstacles between blockchain and conventional payment systems, providing a secure and dependable method for

Two CFTC Commissioners question the $175,000 Uniswap settlement

Two CFTC Commissioners question the $175,000 Uniswap settlement

1 min read

The US Commodity Futures Trading Commission (CFTC) has reached an agreement with Uniswap, a decentralized trading platform, to settle allegations. As part of the settlement, Uniswap is obligated to pay $175,000. Nevertheless, two CFTC Commissioners have voiced apprehensions over the case, contending that it exemplifies “regulation by enforcement” rather than a just regulatory procedure. Uniswap faced allegations of engaging in unlawful practices by providing leveraged or margined retail commodity trades

Kamala Harris now accepts crypto donations through Coinbase Commerce

Kamala Harris now accepts crypto donations through Coinbase Commerce

2 mins read

Kamala Harris’s presidential campaign has initiated the acceptance of crypto donations through Coinbase Commerce, a platform established in 2018 that facilitates merchants in processing crypto payments. This initiative indicates a possible change in Democratic perspectives on crypto, as past positions from the Biden administration were less favorable towards the crypto business. Historically, Democrats have exhibited restrained enthusiasm towards bitcoin, particularly under President Joe Biden’s tenure, as he has exercised caution

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate

Binance CEO Richard Teng calls for the immediate release of executive Tigran Gambaryan

1 min read

The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate. The worsening of his illness following his contraction of malaria in May has sparked concerns, as there are allegations that officials have denied him adequate medical treatment. An unsettling video has surfaced depicting Gambaryan’s arduous attempt to walk on crutches as a result of spinal complications. Binance CEO Richard Teng expressed disapproval

AI crypto tokens drop sharply after the US DOJ subpoenaed Nvidia

AI crypto tokens drop sharply after the US DOJ subpoenaed Nvidia

1 min read

The AI cryptocurrency token market has had a substantial decline, resulting in the overall market capitalization dropping to $20 billion. The decrease in sales is a result of a subpoena issued by the US Department of Justice (DOJ) to Nvidia, regarding concerns about potential antitrust violations. The Department of Justice’s inquiry into Nvidia’s conduct has raised broader apprehensions over the reliability of AI investments, especially those associated with prominent technology

WazirX exchange initiated the second stage of its fiat currency withdrawal procedure, which comes after a significant security breach

WazirX exchange allows early phased withdrawals amid $230 million hack

1 min read

On September 3, WazirX exchange initiated the second stage of its fiat currency withdrawal procedure, which comes after a significant security breach that led to the pilferage of more than $230 million in user assets. The exchange is making efforts to reinstate client fund accessibility and has granted consumers the ability to withdraw up to 66% of the aggregate INR value deposited on the platform. WazirX is currently undergoing a

The Financial Supervisory Services (FSS) of South Korea

South Korea’s FSS plans to inspect korean-won-based and other crypto exchanges for illicit activities

1 min read

In 2024, there has been a significant increase in activity within the global crypto regulatory industry, as prominent countries such as the US and UK have implemented new strategies. The Financial Supervisory Services (FSS) of South Korea has declared its intention to conduct inspections on two cryptocurrency exchange platforms, including Upbit, Bithumb, Coinone, Gopax, and Korbit, which are all domiciled in South Korea and operate using the Korean Won currency.

The US SEC raises objections to FTX's bankruptcy plan, citing legal concerns

The US SEC raises objections to FTX’s bankruptcy plan, citing legal concerns

1 min read

The U.S. Securities and Exchange Commission (SEC) has raised concerns regarding FTX’s proposed bankruptcy restructuring plan, despite receiving significant support from creditors. The SEC may raise objections to the ratification of the proposal unless certain adjustments are implemented, which represents a substantial obstacle for the ailing cryptocurrency exchange. Additionally, the SEC has demanded the removal of the discharge provision and offered additional modifications to the plan and the proposed confirmation

Elon Musk teases the possible return of Dogecoin as a payment option for Tesla merchandise

Elon Musk teases the possible return of Dogecoin as a payment option for Tesla merchandise

1 min read

Elon Musk, the Chief Executive Officer (CEO) of Tesla, has suggested that Dogecoin (DOGE) may be reintroduced as a payment option for Tesla items. This comes after Tesla successfully defended against a lawsuit that accused them of manipulating the price of Dogecoin. Musk’s recent remarks have incited conjecture among the crypto community on the potential reintroduction of DOGE as a payment alternative on Tesla’s platform. In January 2022, Tesla formerly

Japanese investment firm Metaplanet announces a partnership with SBI VC Trade

Japanese investment firm Metaplanet announces a partnership with SBI VC Trade

1 min read

Metaplanet has formed a collaboration with SBI VC Trade to bolster its Bitcoin strategy, encompassing the areas of trading, custody, and management of Metaplanet’s Bitcoin holdings. The partnership is in line with Metaplanet’s goal of becoming a prominent contemporary financial services company and enhances its corporate strategy by providing more flexibility. The primary aspect of the cooperation is the availability of a corporate custody service that adheres to regulations and

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