Day: April 18, 2022

Iran to stiffen penalties for illegal use of subsidized energy in crypto mining

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The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energy shortages in recent years.  On April 16, the Tehran Times reported, citing the country’s Power Generation, Distribution, and Transmission company, that the government plans to drastically increase the fines rates for the mining operators who use subsidized electricity. The company’s representative Mohammad Khodadadi Bohlouli specified: “Any use of subsidized electricity, intended for households, industrial, agricultural and commercial subscribers,…

Russian bankers reportedly want to outlaw noncustodial crypto wallets

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A major Russian banking association wants to criminalize keeping your own cryptocurrency keys. The Association of Banks of Russia, an organization including more than 300 Russian banks and financial institutions, has called on lawmakers to criminalize storing crypto outside of centralized exchanges on noncustodial wallets, local news agency Izvestia reported on Monday. In contrast to accounts at centralized crypto exchanges, noncustodial or self-custodial wallets allow users to store crypto without relying on a third party that is able to freeze, block or seize user’s crypto assets. This essentially enables investors…

Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments – Regulation Bitcoin News

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Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms operating with digital assets. Russian Citizens Who Don’t Pass Test to Buy Only $600 Worth of Crypto Annually The Ministry of Finance of Russia recently submitted to the government an updated version of its bill “On Digital Currency” designed to comprehensively regulate the country’s crypto market. Details about the law’s…

Canada’s WonderFi Bulks Up Further With Planned $31M Acquisition of Coinberry Crypto Exchange

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[Summoners War: Lost Centuria] Blockchain Ecosystem Guide Part II How to Exchange In-game Currencies

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Bitcoin Slips Below Support Level to $38.5K as US Tax Return Deadline Approaches

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The leading cryptocurrency by market value fell to $38,577 during the Asian hours, a level last seen on March 15, according to CoinDesk data. Per analytics firm IntoTheBlock, $40,000 was important support, as significant buying activity has happened around that level in the past. The latest decline means the cryptocurrency has lost over 17% since testing waters above $48,000 three weeks ago. Original

NFTs offer astronauts ‘new outlet’ to share experiences, says spaceman Scott Kelly

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After celebrities, athletes and politicians jumped into the nonfungible token (NFT) mania, the growing industry has pulled in a veteran astronaut to share his time in space through NFTs. In a Cointelegraph interview, Scott Kelly, a retired United States astronaut, shared that he has a “growing curiosity” about blockchain technology and NFTs. According to Kelly, he has been keeping an eye on blockchain for six years and has seen its potential. “I have developed a growing curiosity on how it will play a role in space development which is something…

Bitcoin average transaction fees lowest in two years at $1.04

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The average transaction fee per Bitcoin (BTC) transaction made a complete 360-degree over nearly two years to settle down at $1.039, a number which was last recorded back in June 2020.  The BTC transaction fee is the cost to transfer any amount of BTC, which is also directly proportional to the time it takes to validate and complete the transaction. As evidenced by data provided by Blockchain.com, the average BTC transaction fee saw a steady decline from an all-time high of $62.788 in April 2021 before coming down to an…

US dollar strength mimics 2020 Coronavirus crash — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week with all quiet on traditional markets but a storm brewing in crypto. As the Easter long weekend continues for the United States and much of Europe, traders are keenly eyeing whether Bitcoin can stay stable for four days without professional investor involvement. So far, the picture has not favored bulls — since Good Friday, BTC/USD has been characterized by sideways action punctuated by episodes of sudden volatility to the downside. That continued overnight into Monday, and now, $40,000 is once again out of reach.…