Russia’s Energy Minister Asks For Legalization of Crypto Mining
Russian energy minister has stated that the regulatory uncertainties surrounding crypto mining in Russia need to be resolved as soon as possible. Evgeny Grabchak, the Deputy Minister of Energy, has urged the government to legalize space, citing the country’s severe economic situation. Grabchak’s comments follow the imposition of some of the strictest economic sanctions against Russia […]
Coinbase Is Reportedly closing Deal to Acquire Brazil’s Crypto Unicorn 2TM
Coinbase is likely to purchase 2TM, one of Brazil’s largest crypto startups according to a story published on Sunday, March 27. According to reports, 2TM is a Brazilian holding company controlling Mercado Bitcoin, Latin America’s largest crypto brokerage, by the end of April 2022. This would be part of Coinbase’s effort to extend its footprint in […]
Bitcoin (BTC) Make For a Major Breakout to $47,000; Is Its 200 DMA Coming Soon?
The world’s largest cryptocurrency surged another 5% on Sunday eve moving beyond $47,000 for the first time in three months. BTC is currently trading 4.93 percent higher at $47,943 with an $891 billion market value as of press time. Bitcoin has made a major break above the $45,925 resistance level with its most recent move. […]
Ex-Party Organizer Charged with $2.7M in Cash-to-Bitcoin Crypto Scam
Thomas Spieker, former party producer was charged with operating a cryptocurrency money laundering scam that he publicly advertised on social media, assuring his clients he could assist them stay “totally off the radar” The Manhattan District Attorney charged the former party organizer, with laundering $2.7 million in bitcoin and cash to aid numerous clients in concealing money […]
Crypto Regulation Undergoes Assessment In The United Kingdom Amid New Reports
A collection of interconnected publications reminds financial institutions of their obligations and examines the situation of crypto regulation in the United Kingdom. Crypto regulation is being evaluated by the Bank of England Financial Policy Committee and other UK regulations after publishing papers on financial stability about crypto assets and decentralized finance. On Thursday, the Bank […]