Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is... Read more »

USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching... Read more »

Bitcoin daily mining revenue slumped in May to eleven-month low

Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin... Read more »

Solana, Avalanche, Fantom Lead Ongoing Market Slump

Key Takeaways The global cryptocurrency market capitalization fell by 4.1% today. Avalanche, Fantom, and Solana led the downturn with double-digit losses as Bitcoin extended its record streak of eight weekly losses in... Read more »

Singapore’s Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies

Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About... Read more »

Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs

Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency. The Purpose Bitcoin ETF, launched in February 2021, has been... Read more »

EU regulators propose nixing crypto exchange licenses over money laundering breaches

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, EU regulators... Read more »

Cardano Becomes Sixth Biggest Crypto With 27% Surge

Key Takeaways Cardano rallied over 27% today, overtaking Ripple to become the sixth-largest cryptocurrency on the market. The rally precedes the highly-anticipated Vasil hardfork upgrade, which is expected to improve the network’s... Read more »

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent... Read more »

Crypto knocking on the WEF’s door: The view from Davos

The spectacle that is the World Economic Forum (WEF) came to a close in Davos, Switzerland on Friday, May 27. Nearly 3,000 people from over 110 countries took planes, trains and helicopters... Read more »