Tracking adoption a year later

El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption. The Salvadoran government touted... Read more »

Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer... Read more »

BTC mining firm Compute North files for bankruptcy

Bitcoin (BTC) mining hosting firm Compute North has filed for chapter 11 bankruptcy, amid growing pressure on the firm due to the effects of crypto winter and rising energy costs. The firm’s... Read more »

Wintermute Loses $160M in Latest DeFi Hack

Key Takeaways Wintermute has been hacked for $160 million. The hackers targeted the firm’s DeFi operations. Its centralized activity and over-the-counter services are unaffected. Wintermute founder and CEO Evgeny Gaevoy has said... Read more »

Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console

The biggest news in the cryptosphere for Sept. 22 includes Binance’s newly-set Global Advisory Board that’ll foster responsible regulation of the crypto sector, the agreement Russia’s financial watchdog and largest bank reached... Read more »

Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules

Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are preparing changes... Read more »

Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more

Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty... Read more »

Russia’s financial regulators agrees on crypto use for international payments

Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant... Read more »

Algorand Is Outperforming After a 15% Jump. Here’s Why

Key Takeaways Algorand has rallied 15% after revealing its appointment of Michele Quintaglie as its new Chief Marketing Officer. Quintaglie boasts experience at some of the world’s top firms, including Visa, Fidelity,... Read more »

Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon

Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be... Read more »