While Moscow continues weighing its options for regulating cryptocurrencies, preliminary estimates suggest that Russian authorities could collect up to $13 billion (1 trillion rubles) from taxing the market, according to The Bell.
Moscow could soon crackdown on cryptocurrency operations in the country, as Russia’s central bank released a damning 36-page proposal earlier this Thursday.
By FintechNews staff Last year, Kazakhstan became the world’s second-largest center for bitcoin mining, after China banned Bitcoin mining in May, leading to what has been dubbed the “great mining migration,” with many of the country’s miners crossing the border to Kazakhstan. The world’s largest center for Bitcoin mining is the United States, according to the Cambridge Centre for Alternative […]
The Cambridge Centre for Alternative Finance (CCAF) has just released its most recent report providing data on the global alternative finance industry. According...
Cryptocurrencies have been some of the most talked-about assets in recent months, with bitcoin and ether prices reaching record highs. These gains were...
Bitcoin continues to trend lower in the daily chart. After losing support in the $37,000 area, BTC trades at $35,540. The main cryptocurrency by market cap has been on a downwards trend since May 2021. When the bears take over the price action, there are events that occurred with certainty. For example, Bitcoin critiques start […]
The Sichuan BTC miners were ordered to shut down instantly as the municipal government ordered energy companies to cut the supply to 26 mining farms as we are reading more in our latest bitcoin news. The city of Ya’an in the Sichuan Chinese province is cracking down on BTC mining farms in the area. This […]