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Russian Appellate Court Cancels Decision to Block Tor Project’s Website

Russian Appellate Court Cancels Decision to Block Tor Project’s WebsiteA court of appeals in Russia has overturned a ruling by a regional court which allowed the blocking of the Tor Project’s website in the country. Due to violations during the initial proceedings, the case has been returned to the court of the first instance for another review. Roskomsvoboda Helps Cancel the Blocking of Tor […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn

Crypto Exchange Coinbase Slows Hiring Amid Market DownturnLeading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals. Coinbase to Reassess Headcount Needs, Focus on Integrating Recent Hires Cryptocurrency […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin FarmsA court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Court Ruling Threatens 17 Crypto Exchanges in Russia

Court Ruling Threatens 17 Crypto Exchanges in RussiaAnother batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms. Roskomnadzor May Take Down Blacklisted Crypto Exchanges A number of websites providing options to exchange, cash […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

Kyrgyzstan Raises Electricity Rates for Cryptocurrency MinersThe government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man

Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand ManA court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto pyramid, remains under detention as well. Finiko Mastermind Doronin […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Digital Euro Project Gets Going as ECB Launches Investigation Phase

Digital Euro Project Gets Going as ECB Launches Investigation PhaseAfter months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at a “negligible” cost to the environment, in comparison with bitcoin. Eurosystem Initiates Digital Euro Project The […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Privacy Is Key for Successful Digital Euro, Data Protection Body Says

Privacy Is Key for Successful Digital Euro, Data Protection Body SaysThe European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Russian Court Bans Websites Explaining How to Trade Bitcoin

Russian Court Bans Websites Explaining How to Trade BitcoinA court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur City Court Blocks Crypto-Related Sites The Kungur […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges

Dutch Central Bank Revokes Strict Verification Rules for Crypto ExchangesThe cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal