Cryptocurrency mining will soon be banned in certain regions of Russia due to ongoing electricity shortages, according to Deputy Energy Minister Evgeny Grabchak. As reported by Russia’s state news agency TASS, Grabchak announced that mining activities will be prohibited in areas facing severe energy deficits, including the Far East, southwestern Siberia, and the South. These […]

Solana-based token deployer, Pump.fun, has reached a significant milestone, with its total revenue now surpassing 1 million Solana (SOL). This amounts to roughly $188.5 million, putting the platform within striking distance of the $200 million revenue mark. Launched in January, Pump.fun has experienced rapid growth, achieving the $100 million milestone just 217 days after its […]

Pepe has become the first meme coin to be officially listed on a Japanese cryptocurrency exchange. As reported by CoinDesk Japan, BITPoint Japan, a centralized crypto exchange that was launched in 2016 and is licensed by Japan’s Financial Services Agency, has listed Pepe (PEPE) today. BITPoint will offer a variety of services for the third-largest […]

H.C. Wainwright & Co. recently released its latest Bitcoin mining update, showing a mixed performance for miners during the third quarter, impacted by broader market uncertainties and the approaching April 2024 Bitcoin halving event. According to the analyst note shared with crypto.news, Bitcoin (BTC) prices remained volatile throughout Q3 2024, affected by concerns surrounding the […]

Bitcoin doesn’t need a collapse of the U.S. dollar to become a six-figure asset class, according to Matt Hougan, Chief Investment Officer at Bitwise, speaking on X. Bitcoin (BTC) has frequently been promoted as a hedge against the weakening purchasing power of the dollar and as a potential beneficiary of a widespread fiat currency crisis. […]

Most cryptocurrencies are trading in the green over the past 24 hours, with Bitcoin surging to $73,000, pushing the global crypto market cap to $2.45 trillion. On October 29, Bitcoin (BTC) reached $73,000, marking its highest price level since the all-time high in March 2024. According to data from crypto.news, Bitcoin surged by 5.7% in […]

The Kingdom of Bhutan has moved Bitcoin to a centralized crypto exchange for the first time since July 1, according to Arkham data. On October 29, Bhutan’s government transferred 929 BTC (worth over $66 million) to a Binance deposit address, slightly reducing its substantial crypto holdings. The transaction was made in two parts: initially, Bhutan […]

Gemini has received in-principle approval from Singapore’s Monetary Authority for a Major Payment Institution (MPI) license, marking a significant step in the cryptocurrency exchange’s Asia-Pacific (APAC) expansion. Founded by Tyler and Cameron Winklevoss, Gemini announced the approval on October 29, highlighting that it advances the company’s application under Singapore’s Payment Services Act 2019. With this […]

Crypto exchange OKX has chosen Standard Chartered as its third-party crypto custodian, enabling institutional clients to meet the growing demand for segregated custody solutions. This partnership between OKX and Standard Chartered aims to strengthen crypto custody services, particularly for institutional investors who are increasingly seeking secure, segregated storage for their digital assets. In a blog […]

Shiba Inu saw a price increase for four consecutive days as both Bitcoin and other altcoins rallied ahead of the upcoming U.S. general election. The second-largest meme coin in the crypto space, Shiba Inu (SHIB), climbed to $0.00001870, marking a 72% increase from its lows in September. This rally coincided with similar gains in other […]