Cryptocurrency News

The bitcoin hashrate in mid-February reached an all-time high. Computing power exceeded 215.5 exahash per second (EH/s). Over the past six months, they have increased by about 45%. Then the activity of the miners began to fall, and already on February 28, the hashrate fell to 190.6 EH / s, but then...

The Senate of the US state of Virginia approved a bill that will allow banks to provide crypto custody services in case they have enough resources to manage possible risks. Governor Glenn Youngkin is expected to sign the document in 7 days. This means that customers can trust banks to safe keep...

At the end of last week, crypto exchanges announced their withdrawal from the Russian market. The American platform Coinbase was also on this list. Last Tuesday, the press service of this company explained its situation. It reassured the Russians and stressed that the exchange would not block all...

US fast-food restaurant company Shake Shack will give Bitcoin rewards for purchases made via Cash App, the mobile payment service released by Block, a company that delivers financial solutions. Paying with Cash app’s debit card and using the rewards project, users will get 15% of the paid amount...

The Bank of Russia still advocates a complete ban on the circulation and mining of cryptos. This was stated by the head of the expert group of the Department of Financial Technologies of the CB of the Russian Federation Maria Telegina. The sanctions did not force the regulator to reconsider its...

This week, many cryptocurrency exchanges have announced that they are no longer serving Russian users. Only the Binance platform has stated that it will not leave the Russian market but plans to comply with the sanctions imposed on the country. At the end of this week, it became known that the...

The president of Venezuela, Nicolas Maduro announced that the minimum wage in the country will be pegged to the value of half Petro (PTR), the national cryptocurrency of Venezuela. The monthly minimum wage will go up 18 times to around 26 bolivars ($28) by pegging it to the value of half PTR....

The volume of BTC transactions in China has fallen to a minimum, thanks to the restrictive policy of the Central Bank. The regulator made a corresponding statement in the middle of the week. Recall that the Chinese authorities began last spring to oust not only miners from the market but also...

Lugano, a city in southern Switzerland’s Italian-speaking Ticino region is adopting tax payments with crypto. The city teamed up with the developer of USDT stablecoin, Tether Operations to manage transactions. Due to this step, citizens can pay yearly taxes and city services in Bitcoin, USDT and...

Bitcoin (BTC) continues to trade in a narrow range from $43,000 to $45,000. On Thursday, March 3, the BTC rate sank to $43,176, but many analysts predict that the coin will be able to win back losses very soon. Optimistic, for example, the CEO of deVere Group Nigel Green. In his opinion, an...

The European Union is considering new measures to make sure that Russia can't use digital assets to circumvent economic sanctions. During a video call held on March 2, EU finance ministers and other officials discussed the risks that digital assets could allow Russia to bypass restrictions. The...

The world's largest cryptocurrency exchange Binance faced big problems last year. It was forced to curtail the service of traders in several countries at once under pressure from supervisory authorities. This year, Binance suspended operations in Israel as local authorities demanded that it comply...

LUNA, the native coin of the Terra blockchain now is the second largest crypto asset by the total value staked. Data from Staking Rewards, a research platform focused on yield-generating assets, reveals that Terra now comes after Solana as the 2nd largest Proof of Stake (PoS) network. At present,...

North American countries continue to lead the world in terms of installed bitcoin ATMs. According to CoinATMRadar, 32,150 and 2,359 terminals are ready to serve digital currency holders in the US and Canada, respectively. The top five countries also include Spain, El Salvador, and Poland. The...

Senators Elizabeth Warren, Elizabeth Warren, Sherrod Brown, and Jack Reed wrote a letter to the Secretary of the Treasury, Janet Yellen inquiring about the progress that the agency has in monitoring and enforcing sanctions compliance by the crypto sector. Also, Senators expressed their concerns...

According to Ripple CEO Brad Garlinghouse, the Russian authorities will not be able to use digital currencies to circumvent financial sanctions. Talks about the use of such tools in states under sanctions pressure have been going on over the past few years. For example, Iran has repeatedly stated...

A study by the Financial Services Commission of South Korea states that in 2021, the country's cryptocurrency market has increased to 55 trillion won ($45.9B). According to the regulator, in the coming years, investment in digital assets will only grow. Moreover, the activity of investors will...

Crypto funds have been raising institutional capital for five consecutive weeks. In another study by the CoinShares team, it is noted that at the end of the past week, the number of funds invested in such products amounted to $36 million. If the American institutions sent $95 million to them, the...