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“# Binance taps former central bank exec to push compliance in CIS and Russia ” Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost local cryptocurrency compliance and education,…
“# Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence ” Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long…
“# Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse ” Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as…
“#Kazakhstan arrests former intel chief on treason charges” The former head of Kazakhstan’s counterintelligence and anti-terror agency was arrested on charges of treason amid a crackdown on violent protests over gas prices in the former Soviet state that included bringing in 2,500 Russian troops. The country’s National Security Committee announced the arrest of its former…
“# Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report ” Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year,…
“# Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6 ” The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive…
“# Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4% ” On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country’s presiding cabinet…
“# Top Bitcoin mining country Kazakhstan turns off internet amid protests ” Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests. Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile…
“# Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan ” Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country. The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021,…
“# The biggest winners and losers of the crypto industry in 2021 ” The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional…