Here’s how much Kazakh gov’t made off crypto mining in Q1 2022
The Kazakh budget has not received the expected amount of fees from crypto mining as the government has shut down lots of miners to “ensure energy security,” the government said.
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South Korean authorities reportedly probe staff behind Terra
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.
Youtuber NasDaily’s Bitcoin buy is $200K underwater: ‘Be greedy and HODL’
Bear market advice from Youtuber NasDaily, whose “once in a generation” bet on Bitcoin is down roughly $200,000.
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a…
Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has…
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new…
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to…
Russia Considers Using Cryptocurrencies for International Settlements
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted,…
Terra (LUNA) 2.0 relaunches according to Do Kwon’s revival plan
The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks.
Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more
The past week in DeFi saw Uniswap breach $1 trillion trading volume, while WEF 2022 saw Terra at the center of most crypto and DeFi discussions.
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