Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft

The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize... Read more »

Report: BTC Mining Investment Platform Declared Pyramid Scheme by South African Consumer Watchdog

According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the... Read more »

Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’

The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in... Read more »

Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty

Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the... Read more »

India Freezes Additional Bitcoin Amid Mobile Gaming App Investigation

India’s Enforcement Directorate (ED) says it has frozen 44.5 more bitcoins as part of an ongoing money laundering investigation into mobile gaming app E-nuggets. The authority has already frozen nearly 86 bitcoins... Read more »

Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’

Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also... Read more »

Japan to Relax Cryptocurrency Listing Rules

The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to allow crypto trading platforms to list coins without going through a lengthy screening process. “We hope the latest measure will help... Read more »

Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital

Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with... Read more »

South African Financial Sector Regulator Declares Crypto Assets a Financial Product

According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto... Read more »

Defi Platform Moola Exploited for $8.4 Million in Incident Described as ‘Incredibly Simple Attack’

Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing... Read more »