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Russia has been doubling down on its interest in cryptocurrencies like Bitcoin (BTC). According to recent reports, digital currencies are now formally recognized as a type of property in international trade settlements. This falls under a new law that has now been approved by Russian President Vladimir Putin. The President has jumped into the scene by embracing cryptocurrency for trade. This is being carried out under an experimental legal regime (ELR). JUST IN: Russian President Putin signs law recognizing #Bitcoin and crypto as property. — Watcher.Guru (@WatcherGuru) November 29, 2024 Also Read: Indonesia’s Crypto Transactions Surge 350% in Just One Year Russia’s Brand New Law Focuses On Mining The laws exclude cryptocurrency sales and mining from value-added tax (VAT). Without the tax burden that usually comes with traditional financial transactions, this exemption could push people and businesses to interact with cryptocurrencies more freely. Cryptocurrency miners...

Trump won the U.S. elections today. We will explore other past statements from the newly elected president. A few months ago, on July 27, the mood was electric at Nashville’s Music City Center. Crypto fans packed the hall to hear Donald Trump speak. His crypto agenda matters more than ever after winning the 2024 election. Nobody expected cryptocurrency to be such a big deal in his campaign. The crowd went wild when Trump said America would become “the crypto capital of the planet and the Bitcoin superpower of the world.” Bitcoin’s price shot up to $75,000 right after. Also Read: Dogecoin’s Meteoric Rise: Surpasses XRP in Stunning Price Surge Trump’s Crypto Vision: Market Reactions and Future Prospects A Complete Policy Reversal It’s funny how things change. Back in 2019, Trump really didn’t like crypto. He wrote: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thi...

Bitcoin (BTC) mining stocks are drawing significant attention from investors looking for promising opportunities in the cryptocurrency market.  The recent assassination attempt on former President Trump sent shockwaves through the political landscape, driving Bitcoin prices over $64,000 and boosting Bitcoin miner stocks.  Earlier this year, these stocks struggled due to investor concerns over declining revenues and rising costs following the launch of spot Bitcoin ETFs in the US and the halving event. Picks for you The 'second best': ETH soars 25% in a fortnight as BlackRock backs Ethereum ETF 1 min ago How rich is the Russian UFC star? Khamzat Chimaev’s net worth revealed 1 hour ago ...

Bitmain, a crypto chipset manufacturer, has initiated a campus recruitment program to discover new talent . In an update on Sep. 4, Bitmain outlined their specific interest in recruiting PhD candidates talent ed in thermal energy, machinery, electrical engineering, materials science, and related fields as part of this initiative. Bitmain is seeking 24 graduates, both from home and abroad, with at least a master’s degree. In return, they offer free dormitory accommodation for three years or discounted rent. This recruitment drive isn’t limited to China; it also covers Singapore, Malaysia, and the United States. You might also like: Bitmain’s Antminer HS3 sells out in 27 seconds This update follows Bitmain’s announcement on June 21 that it, along with the crypto platform Anchorage Digital, would acquire equity in Core Scientific, then the second-largest publicly listed Bitcoin miner. Core Scientific had filed for bankruptcy due to declining revenue and fal...

Jacobi Asset Management declares its Bitcoin ETF as an ESG-compliant fund under EU rules. Europe’s first Bitcoin exchange-traded fund (ETF) has been declared as an Article 8 fund by its issuer, marking a bold intersection of cryptocurrency and ESG (environmental, social, and governance) investing. By receiving this designation, the fund is legally obligated under European Union rules to advance ESG causes.  Jacobi FT Wilshire Bitcoin ETF joins a diverse portfolio of Article 8 financial products, a category which, according to Bloomberg, encapsulates roughly $6 trillion in assets. Breaking new ground in applying ESG rules to crypto The news marks a shift in how ESG standards are applied within the financial landscape. Until this announcement, there had been no instance of a Bitcoin ETF being positioned as an ESG-compliant fund based on EU guidelines. Martin Bednall, the CEO of Jacobi Asset Management and a BlackRock alum, has conveyed to investors that the ETF aims for full decarbo...

The Bitcoin mining industry is plagued by a lot of challenges. Power issues, high maintenance costs, chip shortages, and regulatory hostility are just to name a few. Despite that, prominent names from the space, including Binance and Tether, have already started investing in Bitcoin mining . Now, with the space expected to grow by the onboarding of other firms in the future, the UAE is presenting itself as a compelling base to set up shop. Jaran Mellerud, Business Development Associate at Luxor recently took to Twitter to explain how this region is gearing up to be the “prime destination” for Bitcoin miners in the Middle East. He pointed out that at an assumed average energy efficiency of 30 J/TH, Bitcoin miners in the UAE should generate about 13 EH/s. The same would tally to 3.7% of Bitcoin’s total hashrate. That number placed the UAE much ahead in the competition when compared to its “energy-rich” neighbors like Oman, Kuwait, Saudi Arabia,  Bahrai...

Core Scientific, Riot, and CleanSpark led the way in increasing Bitcoin production in January helped by better weather conditions and stable electricity prices. The first production update of 2023 from publicly listed Bitcoin (BTC) Mining companies shows a steady increase in Hash Rate and a surge in BTC production compared to the previous month, according to a new Analysis from Hashrate Index.  The majority of public miners increased their bitcoin production in January, with CleanSpark boosting it by 50%, reaching a record monthly production of 697 Bitcoins. Leading the BTC production, Core Scientific reached 1,527 coins mined in January, followed by Riot, the second-biggest producer, mining 740 Bitcoins in the month. Marathon and Cipher have seen significant increases in Bitcoin production, reaching 687 and 343 Bitcoins generated, respectively, compared to 475 and 225 in December. Public Miners: Monthly Bitcoin Production. Source: Hashrate Index and Luxor According to Bitcoin min...