JUST IN: 🇷🇺 In a significant move, Russia has declared a 6-year ban on cryptocurrency mining in 10 regions, citing ongoing energy shortages and concerns over the strain on local power grids. Authorities stated that these regions, already facing critical energy supply issues, cannot sustain the high electricity demands associated with mining operations. This decision is part of broader efforts to stabilize energy distribution, prioritize essential sectors, and mitigate risks to the national power infrastructure caused by unregulated crypto-mining activities.
"Russia has announced a sweeping 6-year ban on cryptocurrency mining in 10 regions, citing concerns over excessive energy consumption and strain on local power grids. These regions, known for their energy deficits, have been struggling to accommodate the growing power demands of crypto mining operations. This move comes as Russia seeks to balance its growing interest in blockchain technology with the need to maintain energy stability and infrastructure integrity.
What does this mean for the future of crypto mining in Russia and the global mining ecosystem? Will other countries follow suit, or will miners find new opportunities elsewhere? Let’s discuss the broader implications of this decision. Share your thoughts below!
Bitcoin Price Analysis: Will Santa Bring a Big Christmas Rally?
As Christmas Eve approaches, the Bitcoin price is on the rise and is trading at $97,200 at the time of writing, with daily gains of 3.65%, weekly declines of 10%, and monthly gains of 0.15%.
Several analysts and investors are expecting a “Santa Rally” on December 24-25. Is it feasible?
On the previous day, the price of BTC approached monthly lows, trading at the level of 92,509 USD. These low levels represent a 14% drop from the historical levels of 108,000 USD .
BNB price regains ground, new momentum on the way?
The native coin of BNB Chain (BNB) has seen a noticeable improvement in its price over the last few hours. This reflects a clear trend of a slow but progressive return of capital to the world of cryptocurrencies after last week's crash. What should investors expect from this coin in the short term?
First of all, it should be noted that BNB is one of the largest coins in the world in terms of market capitalization. Being associated with the largest exchange in the world makes it one of the most
Encrypted Christmas: The boy who used Blockchain to contact Santa
In a quiet snow-covered town lived Nicholas, a ten-year-old boy with an insatiable curiosity for technology. While his friends enjoyed building snowmen or writing traditional letters to Santa Claus, Nicholas spent his afternoons surrounded by books and online tutorials, learning about blockchain, that mysterious technology that, it was said, would change the world.
Fascinated by its ability to encrypt information securely and transparently, Nicholas decided he would do something different that
Weekly summary of the 5 most important news stories in the Bitcoin mining sector
A new week closes in the dynamic world of cryptocurrencies and one of the characteristic elements was volatility. The entire crypto market experienced strong variations in its prices and several sectors such as Bitcoin mining were part of this context.
In this article, as usual, we present you a summary of the 5 most important news stories of the week in the mining industry. It is important to emphasize that miners, like whales, are among the most important players in the cryptocurrency univers
Over the past few days, the well-known cryptocurrency media outlet CoinDesk has been facing internal problems related to the dismissal of some editors. This negative situation has left a terrible mark on the credibility of the news portal. In a mocking way, Cardano founder Charles Hoskinson is once again considering buying the outlet.
In a reply to a journalist's post on X, the entrepreneur recalled when he offered to buy CoinDesk. " I wonder what the price will be now? " he wrote , mocking the
Peter Schiff has an alternative to strategic reserves in Bitcoin
Renowned investor and financial analyst Peter Schiff has put forward an idea to counter Donald Trump's Bitcoin strategic reserve plan. As is well known, the expert is one of the biggest detractors of cryptocurrencies and constantly calls for their ban. The latter has made him one of the most popular arch-enemies of the crypto community. In a recent post on X, the investor suggested that instead of adding BTC to the country's reserves, one should think about something different. In that sense, he
Cathie Wood sells $70 million in soaring tech stocks, shifting focus on the market
Cathie Wood, the renowned founder and CEO of ARK Invest, known for her innovative investment strategies, is back in the news. This time, she has sold $70 million worth of shares in a prominent technology company (Tesla) that has shown great performance. This transaction occurs in a context where the technology sector continues to lead the gains in the markets.
The Nasdaq Composite, a key index for technology stocks, has posted an impressive 32.3% growth so far this year. On the other hand, Wood
Following recent moves in the cryptocurrency spot market, investors' portfolios are experiencing notable changes. Among them, the crypto portfolio of the President of the United States, Donald Trump, stands out, which is once again above $10.4 million dollars. According to data from Arkham Intelligence, their holdings in the TROG memecoin are the best performing. The latter is due to the explosive performance of the coin in recent days. Although in the period of 7 days the token shows red number
Millions of dollars in cryptocurrencies flow into Donald Trump's inauguration
Donald Trump, the new President of the United States, will officially take office on January 20, in an inauguration ceremony that aims to be global thanks to the presence of numerous international leaders. The tycoon intends to make his return to office a grand event and to do so he already has the support of the big technology companies.
Indeed, businesses and tycoons are showing their unconditional support for future President Donald Trump by making generous donations to the inaugural fund. T
Jerome Powell points out that the law does not allow the Fed to own Bitcoin
The last Federal Open Market Committee (FOMC) meeting of 2024 concluded on Wednesday. At the meeting, a further interest rate cut of 0.25% was agreed upon, as expected. During the customary press conference afterwards, Fed Chairman Jerome Powell stated that the law does not allow the central bank to own Bitcoin.
When asked by one of the reporters about the incorporation of BTC into the US strategic reserves, the official was reluctant. This latter fact makes it clear that 2025 could be marked b
The ongoing correction in the cryptocurrency market continues to cause major problems for investors, especially for leveraged derivatives traders. The latter lost $1.37 billion in the last 24 hours ending this Friday at 15:29 GMT. However, the bloodbath is not limited to this, but extends to the crypto stocks on the exchange. The shares of most companies directly or indirectly linked to Bitcoin are experiencing strong declines. Among the most striking are those of MicroStrategy, which show a -16
I’m DONE with Toma Token and their lies! After MONTHS of promises, hype, and being told this project was the next big thing, they pulled the ultimate scam. They made us believe we’d see real profits, and after all that waiting & Work, all I got was $1 (initially 0.05$ 🤡 )!
They manipulated their supply, inflated expectations, and tricked the community into investing. They played community with fake giveaways, false airdrops, and pumped the token just to dump it. Meanwhile, the developers and insiders walked away with investor's money while they’re left with scraps.
They betrayed their investors. This isn’t just a mistake – it’s outright THEFT. If you’re thinking about investing in Toma or any project like it, DON’T. Learn and don’t fall for their lies.
We need to hold these scammers accountable and protect the crypto community from being taken advantage of again! #TomaScam #CryptoFraud #Scamalert
SEC approves first combined Bitcoin and Ethereum ETFs
In a significant development for the US cryptocurrency market, the US Securities and Exchange Commission (SEC) has approved the first crypto index exchange-traded funds (ETFs) combining Bitcoin and Ethereum. These novel financial products have been introduced by asset managers Hashdex and Franklin Templeton, and are scheduled to launch in January.
Key details of the approved ETFs
The ETFs will be based on an index reflecting the market capitalizations of the two leading cryptocurrencies, with
Crypto.com CEO Meets Donald Trump at Mar-a-Lago: What Does This Mean for the Crypto Industry?
In a move that underscores the crypto industry’s growing interest in the political arena, Kris Marszalek, CEO of renowned exchange Crypto.com, held a meeting with former US President Donald Trump at Mar-a-Lago. This important meeting puts the digital asset sector at the center of political discussions as it prepares for a possible change of direction in the next administration.
A strategic meeting for the future of cryptocurrencies
According to early reports, the dialogue between Marszalek and
Markets are not safe: Jeremy Grantham warns of a recession
The Federal Reserve's (Fed) fight against inflation is shaping up to be one of the most remarkable victories in US history. The soft landing looks set to be consolidated in 2025 and the economy will continue its upward path after defeating inflation without the need for a recession. However, the legendary Jeremy Grantham warns of a major danger for the markets.
It is worth mentioning that this is not just an opinion, but one of the most respected in the financial world. This expert predicted f
Business magnate and technologist Elon Musk is recognized for his design and engineering work on Tesla vehicles and SpaceX rockets and his efforts to combat global warming. For his renewable energy work and advocacy, he has received several environmentalist awards, including the National Wildlife Federation's Connie Award [1] and a Global Green award .[2] In part for his contributions to space travel, Musk was elected a Fellow of the Royal Society in 2018, [3] was listed among the Time 100 Most
Hougan’s projected path to $200,000 is not a simple bet, but a vision based on visible facts. Growing adoption by institutions, validation by giants like BlackRock, educational advancements, and the possibility of the US strategically backing Bitcoin, paint a bullish picture.
In a world still adjusting to new financial technologies, Bitcoin is proving to be more than just a fad. It's a paradigm shift that could transform markets, governments and investments globally. Is the world ready for that shift? It seems some already are.
Bitcoin at $200,000? Proposed US 'strategic backing' could be the key
Bitcoin continues to cement its status as one of the most exciting investments of the past decade. In a year where it has reached all-time highs, Bitwise Asset Management Chief Investment Officer Matt Hougan sees an even brighter future for the cryptocurrency.
According to Hougan, Bitcoin could climb to $200,000 by next year. But what is driving this prediction and what role would the creation of a “strategic backstop” for Bitcoin by the US play?