Russia’s Ministry of Justice has proposed new fines for unregistered cryptocurrency miners. This comes after the finance minister raised concerns about the rise in unauthorized mining activities. A draft bill proposed by the ministry would impose a fine of 1.5 million rubles (about $19,000) and up to two years in a labor colony. Illegal mining…
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Bitcoin’s price continued to fall as 2025 neared its end, declining 4% in December. Despite a slump in markets, Strategy capped off the year with massive Bitcoin buys. In December alone, the software company turned Bitcoin investment vehicle picked up over 22,000 Bitcoin (BTC). In the US, prediction markets are inking deals with major media…
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European tech regulators have fined social media platform X 120 million euros ($140 million) for breaking EU rules pertaining to online content. The fine follows a two-year investigation under the Digital Services Act (DSA), which reportedly found that X was not doing enough to tackle illegal and harmful material. Regulators also said that the blue…
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November was a rocky month for crypto markets. Bitcoin’s price is down over 20%, shedding almost $2 trillion in market capitalization. Concerns over possible rate cuts at the US Federal Reserve and the potential for an imminent AI bubble burst have brought anxiety to crypto and stock markets. Bearish sentiment prevails after Bitcoin showed a…
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US President Donald Trump is slated to choose a new Federal Reserve chair by Christmas, and the frontrunner, Kevin Hassett, could be a boon for the crypto industry. Hassett is a White House economic adviser who has reportedly emerged as a strong candidate for the Fed chair position. He is the director of the National…
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A former policy lawyer at crypto exchange Coinbase is running for attorney general of New York. His bid to represent the crypto industry’s interests runs against a strong Democratic bias and concerns over industry influence in policymaking. Khurram Dara, who also worked as a regulatory and policy principal at Bain Capital Crypto, announced his campaign…
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The UK’s central bank, the Bank of England (BOE), has released a proposed regulatory regime for stablecoins. The consultation paper took into account the perspectives of the crypto industry, but some observers say it remains restrictive. BOE released the document on Nov. 10 — some two years after it announced the initial discussion paper. The…
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Crypto market observers are preparing for price movements as the historical US government shutdown seems within sight. The US government is still technically shut down as of publishing time, but a continuing resolution that would fund critical government services through January has made its way from the Senate to the House of Representatives. The shutdown…
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Faruk Fatih Özer was found dead in his prison cell on Nov. 1. The former CEO of now-defunct crypto exchange Thodex was serving an 11,000-year sentence for running one of the largest crypto scams in history. His death marks the latest turn in the Thodex saga, with ripple effects so significant they altered Turkish cryptocurrency…
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Zohran Mamdani has won the New York City mayoral election after a long campaign. Over the past year, the city’s crypto industry has been watching closely to see what a Mamdani mayorship could mean for the blockchain space. The Associated Press called the race in favor of Mamdani on Wednesday. He beat out former Governor…
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