Russian miners keep running, may see pivot to Bitcoin in response to sanctions

Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for... Read more »

IoTeX co-founder urges crypto investors to hodl amid market conditions

As the market dips over escalating tensions in Eastern Europe, Dr. Raullen Chai, the co-founder and CEO of blockchain network IoTeX, is urging crypto investors to hold on to their crypto. The... Read more »

Russia to seize retail deposits if sanctions go too far, official warns

In the event of harsh Western sanctions as Russian forces invade Ukraine, retail customers could be at risk to lose their savings. Russians’ savings could be confiscated in response to sanctions against... Read more »

Hedge fund report says Bitcoin price is ‘at a relatively inexpensive place’

There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into... Read more »

Bitcoin rally stalls at $39.2K but BTC price metric suggests local bottom could be here

Bitcoin (BTC) checked its latest advance on Wednesday’s Wall Street open as Russia repercussions continued to play out.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks sour crypto recovery Data from Cointelegraph... Read more »

$89M flows into Bitcoin funds despite looming conflict, but ETH funds are negative

Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) investment... Read more »

Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens. In a Tuesday tweet,... Read more »

Kazakh ministry halts illegal crypto mining operations

The Ministry of Energy of the Republic of Kazakhstan announced that it had discovered and terminated 13 cryptocurrency mining operations. The government executed the shutdown as part of its efforts to regulate the... Read more »

BTC price falls below $38K as Tencent leads worst China tech rout since July

Bitcoin (BTC) kept falling lower on Feb. 21 as $38,000 became the latest level to fail the test for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 eyed as BTC relief... Read more »

Ruby on Rails creator backpedals about Bitcoin: ‘We need crypto’

Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to the COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin. David Heinemeier Hansson,... Read more »