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China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

China’s Hainan Province Ramps Up Crackdown on Crypto Mining OperationsThe province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

Russians to Pay Fees on Digital Ruble Transactions, Central Bank SaysUsers of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank of Russia to Charge for Digital Ruble Transfers The […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures

China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive MeasuresAuthorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank LawThe central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

SEC Denies Freedom of Information Act Request Concerning Tether Documents

SEC Denies Freedom of Information Act Request Concerning Tether DocumentsOn September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests and said the responses were “withheld because of […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations

Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive RegulationsMembers of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations. Iranian MPs Urge for Change in Crypto Policies After Research Some parliamentarians […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Survey: 1 in 10 Irish Investors, Quarter of Young People Hold Cryptocurrencies

Survey: 1 in 10 Irish Investors, Quarter of Young People Hold CryptocurrenciesInvestors in Ireland are attracted to digital opportunities offering better returns and often find them online, a new survey has indicated. According to the poll, 11% of investors have already bought a digital asset and a quarter of the young Irish are betting on cryptocurrencies. Low Interest Rates, Search for Long-Term Returns Push More Irish […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’