Bitcoin Bull Market May Drive Russian Miners Underground

November 22, 2024 Bitcoin.com

The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin Mining […]

Trump Effect: China Considering Backpedaling on Bitcoin Policy

November 22, 2024 Bitcoin.com

Bitcoin (BTC)

Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The new […]

Bitcoin Bull Market May Drive Russian Miners Underground

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

November 22, 2024 Bitcoin.com

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A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]

Bitcoin Bull Market May Drive Russian Miners Underground

Study: 76% of X Influencers Promoted Now-Defunct Meme Coins

November 22, 2024 Bitcoin.com

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A Coinwire study reveals that most crypto influencers on X promote worthless meme coins, highlighting the risks of relying on social media for investment advice. Influencers Setting Up Investors for Failure According to a Coinwire study, over three-quarters (76%) of crypto influencers on X promoted meme coins that are now defunct. Moreover, two-thirds of the […]

Bitcoin Bull Market May Drive Russian Miners Underground

Cybercrime Marketplace Crumbles as Authorities Seize Hidden Crypto Stash

November 22, 2024 Bitcoin.com

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The U.S. Justice Department has announced the seizure of Popeyetools, a cybercrime marketplace, and unmasked its role in illicit cryptocurrency transactions. Administrators Abdul Ghaffar, Abdul Sami, and Javed Mirza were charged with selling stolen financial data and facilitating crimes involving ransomware and fraud. Since 2016, Popeyetools generated $1.7 million in revenue, partly from cryptocurrency payments, […]

Bitcoin Bull Market May Drive Russian Miners Underground

Russia’s Foreign Trade Defies Western Sanctions, Official Claims

November 22, 2024 Bitcoin.com

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Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that Western sanctions will not hinder Russia’s foreign trade. Speaking in an interview with Nailya Asker-Zade on the Rossiya-24 […]

Bitcoin Bull Market May Drive Russian Miners Underground

Solana ETF Momentum Grows Amid Reports of SEC Engagement

November 22, 2024 Bitcoin.com

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The SEC’s reported progress on Solana ETF filings and potential leadership changes have sparked optimism, signaling a possible shift in cryptocurrency investment regulations. Solana ETF Filings Spark New Hope Discussions about a solana (SOL) spot exchange-traded fund (ETF) between the U.S. Securities and Exchange Commission (SEC) staff and prospective issuers are reportedly moving forward, according […]

Bitcoin Bull Market May Drive Russian Miners Underground

Bitcoin Smashes Records: Hashrate Hits 776 EH/s as Price Soars Closer to $100K

November 22, 2024 Bitcoin.com

Bitcoin

Based on the most recent data using the seven-day simple moving average (SMA), bitcoin’s hashrate climbed to an unprecedented peak on Nov. 21, reaching 776 exahash per second (EH/s) for the very first time. Bitcoin’s Computational Power Hits Stratospheric Levels On Thursday, bitcoin (BTC) soared to a fresh all-time high, hitting $99,121 per coin. This […]

Bitcoin Bull Market May Drive Russian Miners Underground

Global Asset Manager Launches XRP ETP With Industry-Leading Pricing in Europe

November 22, 2024 Bitcoin.com

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XRP advances with a new institutional-grade exchange-traded product, offering secure, physically backed exposure as Wisdomtree expands crypto products amid growing investor interest. XRP Gains Ground: Major ETP Launched by a Top European Asset Manager Asset management firm Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), […]

Bitcoin Bull Market May Drive Russian Miners Underground

US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves

November 22, 2024 Bitcoin.com

bitcoin reserves

A U.S. senator has proposed selling gold reserves to create a strategic bitcoin reserve, a revolutionary move to bolster the dollar and tackle U.S. national debt. Selling Gold for Bitcoin: US Senator’s Game-Changing Proposal U.S. Senator Cynthia Lummis (R-WY) shared insights during a Thursday interview with CNBC as bitcoin reached a historic peak. She attributed […]

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