The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals.According to Elizaveta Danilova, head of the central bank's financial stability department, the Bank of Russia is polling local
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The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China. Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on a new framework to differentiate tariffs between general usage and cryptocurrency mining,
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Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the total global BTC mining hash rate distribution. US dominates
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Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services.In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019. According to the announcement, the platform will launch margin trading for
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Bitcoin (BTC) is in top form — almost literally — as it heads into a new week less than 15% from all-time highs.A classic cocktail of factors has laid the foundation for a Q4 finale, which analysts are now confidently comparing to the bull runs of 2013 and 2017. Decoupling from
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Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining
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Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling
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Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price beats Wednesday’s highData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum. Wednesday’s dramatic uptick had
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Artists have been amongst the first to take advantage of leveraging their art online through NFTs, also known as nonfungible tokens. The spectacular Beeple sale of his Everydays: the First 500 Days for $69 million made headlines across the world, quickly followed by huge sales by digital artist Pak, Warhol
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Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years.In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run. Stochastic RSI
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