Cryptocurrency exchange platform BestChange has reported being unsure why its website was blocked by Russia’s communications watchdog, Roskomnadzor. Despite the restriction, BestChange is in contact with the central bank to resolve the issue. Circulating and advertising digital currencies are prohibited in Russia, although their use for international payments and mining is legal. According to Roskomnadzor, … Read more
A New York judge has ruled in favor of Greenidge Generation, a cryptocurrency mining operation in the Finger Lakes region, allowing it to continue operations despite state efforts to shut it down over climate concerns. The New York Department of Environmental Conservation had denied the plant an air permit in 2022, citing violations of the … Read more
Zhan Ketuan, a prominent Chinese entrepreneur and co-founder of Bitmain, a leading Bitcoin mining hardware manufacturer, is under increased scrutiny from U.S. authorities. Bitmain has faced shipment impoundments, and Zhan’s AI-focused companies have been sanctioned. His ambition to rival Nvidia with AI chips led to a costly internal conflict at Bitmain years ago. These geopolitical … Read more
A new trend called “re-staking” is gaining traction, with over $18 billion worth of cryptocurrency moved into platforms offering rewards for locking up tokens. Re-staking enables owners to take newly created tokens from initial staking and stake them again with different blockchain-based programs, potentially leading to higher returns. While this practice offers the allure of … Read more
Ether, the second-largest cryptocurrency by market capitalization, has underperformed compared to Bitcoin this year. However, experts suggest it may catch up during a second Trump presidency. Increased interest in Ether ETFs and staking rewards could bolster its appeal under a pro-crypto administration. Additionally, greater support for decentralized finance (DeFi) could further enhance Ethereum’s attractiveness.
After a two-year suspension due to previous SEC charges, cryptocurrency exchange Kraken has reinstated its staking services for U.S. customers. Kraken Pro users across 37 states and two territories can now stake 17 digital assets, including Ethereum, Solana, Polkadot, and Cardano. This move indicates a potentially rapid evolution in the cryptocurrency landscape under President Donald … Read more