Following new regulations on crypto mining in Russia, Dagestan authorities have uncovered numerous illegal mining operations, prompting the regional prime minister to call for increased law enforcement efforts against these illicit activities amid rising electricity consumption.
Recent reports indicate that officials are intensifying their actions against unregistered mining facilities, with Prime Minister Abdulmuslim Abdulmuslimov highlighting the need to adapt to the evolving tactics used by m

Amid global economic instability, Robert Kiyosaki, the well-known investor and author of "Rich Dad, Poor Dad," sees Bitcoin (BTC) as a vital tool for preserving wealth and anticipates substantial growth for the cryptocurrency in the near future.
Kiyosaki forecasts that Bitcoin could reach $500,000 by 2025 and potentially soar to $1 million by 2030, largely driven by the transformative effects of artificial intelligence (AI) on the financial landscape.
He recently shared these predictions in a po

Despite a nationwide ban on cryptocurrencies, Chinese Bitcoin miners continue to dominate the global network.
According to Ki Young Ju, founder and CEO of CryptoQuant, over 55% of the Bitcoin mining network is still under the control of Chinese mining pools.
Ju noted in a September 23 post that while Chinese pools account for 55% of the network, U.S. pools manage about 40%. U.S. pools primarily serve institutional miners, whereas their Chinese counterparts tend to support smaller miners in Asia.

At the beginning of the week, Solana’s (SOL) price slightly declined but stayed close to $144 following a 9% rise over the previous week
Several announcements are contributing to the positive sentiment surrounding SOL, including Coinbase’s upcoming wrapped Bitcoin on Solana, the launch of the USDS stablecoin by Sky (formerly MakerDAO), and Travala’s decision to integrate Solana for booking services. Many enthusiasts believe these moves could support SOL’s bullish trajectory in the near future.
T

On September 16, 2024, the Bank for International Settlements (BIS) announced the participation of over 40 private companies in the Agorá project, including major players like JPMorgan Chase, Deutsche Bank, Visa, and Mastercard.
Initiated in May 2024, this blockchain-focused project aims to enhance cross-border wholesale payment processes.
The Institute of International Finance (IIF) has brought these private firms together to work alongside seven central banks, including the Federal Reserve, th

Crypto venture capitalists have raised over $2.2 billion this year, with more than $500 million secured recently.
Key funds include ParaFi Capital’s $120 million and Borderless Capital’s $100 million DePIN Fund III, which focuses on Decentralized Physical Infrastructure Networks (DePINs) leveraging blockchain for efficiency. These networks enable innovative connectivity solutions, suggesting strong investor confidence despite market challenges.
Borderless Capital’s previous funds have shown sign

Crypto analyst Dan Garbadello has warned Cardano (ADA) investors to brace for potential market volatility amid economic signs of a looming recession.
Garbadello’s recent analysis suggests that while short-term fluctuations could be sharp, Cardano may see substantial growth in the longer term if historical trends persist.
In his latest video, Garbadello referenced patterns from the S&P 500, noting that the index often hits its lowest point three months into a recession and recovers around ten mon

A cryptocurrency analyst is growing optimistic about Tron (TRX) after its value surged by over 20% in the past month.
YouTube update that TRX has shown strong performance compared to many other altcoins in recent years.
Sherpa notes that TRX’s price has approached its all-time highs from March 2021, which is a rare achievement among cryptocurrencies.
However, despite this strong performance, he currently finds Tron’s chart less promising and expects a potential decline in the short term.
Sherpa

DeFi protocol Synthetix is set to launch its new app chain, SNAXchain, within the Optimism Superchain framework
The introduction of SNAXchain is designed to act as a central platform for governance and protocol management as Synthetix grows across different chains and Layer 2 solutions.
The development of SNAXchain has been supported by collaborations with Conduit for infrastructure and Wormhole for cross-chain communication.
Optimism’s Superchain infrastructure is anticipated to boost user conn

Scottish law enforcement has successfully converted 23.5 Bitcoin into cash, following a robbery in March 2020.
In this unusual case, three men armed with a machete and a Toblerone bar broke into a home near Glasgow, marking Scotland’s first instance of stolen cryptocurrency being traced and seized.
Detective Inspector Craig Potter from Police Scotland’s Cyber Investigations unit noted this case as groundbreaking for Scotland.
The Bitcoin, which was converted into approximately $144,000 (or £109,

🚀🚀Rhodium Enterprises, a Bitcoin $BTC mining company that recently filed for bankruptcy, has received court approval to secure a loan in US dollars or Bitcoin.
$BTC the company has the option to borrow $30 million or 500 BTC from Galaxy Digital. However, the U.S. dollar loan includes a 14.5% annual interest rate, while the Bitcoin loan offers a lower interest rate of 9.5%, according to a Bloomberg report.
$With the lender’s consent, Rhodium is allowed to repay the loan in $BTC in the form of

Anthony Pompliano, a prominent advocate for cryptocurrency, recently provided his insights on Bitcoin's (BTC) current market behavior as the digital currency remains in a relatively stable trading range.
According to Pompliano, Bitcoin’s sideways movement in recent months can be attributed to a slowdown in market activity during the summer.
Following a surge in interest earlier this year, sparked by the approval of a Bitcoin ETF, both retail and institutional investors injected significant capit

A crypto trader has turned a modest $295 investment into a staggering $7.4 million by strategically navigating the cryptocurrency market, particularly focusing on meme coins.
This success story highlights the importance of timing and research in crypto trading.
In early 2024, meme coin PEPE garnered significant attention, and this trader capitalized on its rise, achieving a 279x return. His success didn’t stop there – by investing in other meme tokens like SUNDOG and $SUNCAT, he continued to ama

Intersect has announced that Cardano’s Chang Hard Fork will take place on September 1, 2024, at 21:45 UTC.
This update is a significant milestone in Cardano’s shift towards full decentralization.
The decision to proceed was made after extensive discussions among key Cardano stakeholders, including Intersect, Emurgo, the Cardano Foundation, and Input|Output.
Initial concerns over liquidity—only 28% of exchanges were updated—have been addressed, with current readiness levels showing strong support

Kraken, a prominent US-based cryptocurrency exchange, has expanded its offerings by adding Shiba Inu (SHIB) as a new collateral option for futures contracts.
With this update, traders can now use SHIB, along with Dogewhifhat (WIF) and Bonk (BONK), as collateral to gain exposure to over 200 perpetual futures.
To use these tokens as collateral, traders need to transfer them from their spot wallet to their futures wallet.
Kraken enables users to deposit multiple collateral currencies into a single

BlackRock, the leading global asset manager, is set to introduce its Ethereum ETF in Brazil starting August 28, 2024.
The iShares Ethereum Trust (ETHA) will debut on Brazil’s B3 exchange, trading under the ticker ETHA39 as Brazilian depositary receipts (BDRs), according to Coindesk.
This new ETF aims to offer Brazilian investors access to Ethereum (ETH), complementing BlackRock’s earlier launch of a Bitcoin ETF in Brazil, which trades under the ticker IBIT39.
Nicolas Gomez, BlackRock’s head of E

Hugo Hyungsoo Lee, CEO of Haru Invest, was attacked in a Seoul courtroom while his company faces serious fraud allegations.
Lee was stabbed multiple times in the neck by an individual who was a former client of Haru Invest.
The assault occurred during a trial in which Lee and other executives are accused of embezzling $826 million in cryptocurrency from around 16,000 users. The attacker reportedly used a small knife to strike Lee before he was quickly taken to the hospital.
Earlier in June 2023,

Hamster Kombat, a popular Telegram game, announced the launch of its HMSTR token on The Open Network (TON) on September 26, accompanied by an airdrop for its players.
Allegedly the game has gained 300 million players since its debut this spring.
Originally, the HMSTR token was set to launch in July, but the airdrop was delayed. Hamster Kombat is a straightforward project built around the tap-to-win gameplay style, which gained popularity on Telegram earlier this year with the Notcoin game.
Notco