Taiwan and Singapore are not stable coin fans, and major cryptos are declining as the Russian invasion approaches.

Taiwan and Singapore are not stable coin fans, and major cryptos are declining as the Russian invasion approaches.

Market movements: As tensions on the Russia-Ukraine border grew, Bitcoin and most other major cryptos plummeted. Russian President Vladimir Putin’s remarks brought the world closer to conflict. Changes in the market As a Russian invasion of Ukraine grew closer, most major cryptocurrencies plummeted on Monday. President Vladimir Putin of Russia declared in a televised address …

Bitcoin Recovers After Falling to a 2-Week Low of $38,000

Bitcoin Recovers After Falling to a 2-Week Low of $38,000

Due to escalating tensions in Eastern Europe, Bitcoin, the world’s largest cryptocurrency by market value, fell to a two-week low of $37,300 early Monday before stabilizing around $39,000. Analysts are skeptical that the uptick will continue. The Kremlin has ruled out the possibility of a meeting between Russian President Vladimir Putin and his American counterpart …

crypto mining

Crypto mineworker BIT Mining deserts information center development in Kazakhstan due to unsteady control supply

Hong Kong-based cryptocurrency miner BIT Mining (BTCM) has terminated its nearly $10 million mining data center construction project in Kazakhstan, citing unstable local power supplies. BIT Mining announced in May a plan to invest $9.33 million to build and operate a 100-megawatt (MW) data center in Kazakhstan. However, in its quarterly earnings report this morning, …

El Salvador's Bitcoin Adoption is Worried Bipartisan Senate Proposal

El Salvador’s Bitcoin Adoption is Worried Bipartisan Senate Proposal

Senators Jim Risch, Bob Menendez, and Bill Cassidy’s answerableness for Cryptocurrency in Central American country (ACES) Act would need a State Department report on mitigating risks to the U.S. economic system from El Salvador’s adoption of Bitcoin as tender. “El Central American country recognizing Bitcoin (BTC) as official currency opens the door for concealment cartels …

Fidelity International has the cheapest Bitcoin ETP in Europe.

The Fidelity Physical Bitcoin Exchange-Traded Product (FBTC) will list on the Frankfurt Stock Exchange and Deutsche Boerse and will have a 0.75% expense ratio. To put this expense ratio into perspective, Grayscale Bitcoin Trust (OTC: GBTC) is the most prominent crypto fund in the United States with a 2% fee. The fund will be physically …

As tensions between Russia and Ukraine calm, Bitcoin rises toward $45,000.

It is reported that some Russian troops are being pulled away from the Ukrainian border back to their regular bases, causing bitcoin (BTC-USD +3.1%) to rise toward $45K per token. In addition, all three major stock indices are rising, along with global equities, as Russia-Ukraine tensions ease. Yields are rising, but commodities are mostly in …

Is the tension between Russia and Ukraine destabilizing the bitcoin price?

Military tension escalated between Russia and Ukraine, after the latter declared a state of emergency in the country, amid warnings that the crisis would worsen and turn into an all-out war between the two countries.And Agence France-Presse reported that the Russian government warned Ukraine not to take any “reckless” action, after the state of emergency …

Ban on bitcoin trading urged by a central bank governor

Ban on bitcoin trading urged by a central bank governor

Central bank officials in Hungary have joined the growing number of monetary authorities around the world who believe bitcoin mining and trading should be banned, as the bank’s governor emphasized that digital currencies can be used to facilitate illegal activities.In a press conference today, Hungarian Central Bank Governor György Matolci urged the country to blatantly …