Auto Added by WPeMatico

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two…

Continue ReadingBanning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

FBI is launching team to address crypto exploitation: US Deputy Attorney General

“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent…

Continue ReadingFBI is launching team to address crypto exploitation: US Deputy Attorney General

SEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future

Gary Gensler reiterated his stance of being technology-neutral, but that he would give “careful consideration” to the concerns Representatives Tom Emmer and Darren Soto raised.

Continue ReadingSEC chair hints at no spot Bitcoin ETFs yet, but cites ‘careful consideration’ for future

Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined…

Continue ReadingRussia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

Bitcoin price is ‘likely starting the next push up’ if $42K holds as support

Multiple technical indicators suggest that BTC is preparing for a breakout, despite concerns about rising inflation and conflict in Ukraine.

Continue ReadingBitcoin price is ‘likely starting the next push up’ if $42K holds as support

Bank of Russia Reports First Successful Digital Ruble Transfers Between Users

Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies,…

Continue ReadingBank of Russia Reports First Successful Digital Ruble Transfers Between Users