Crypto Updates – Page 35 – WORLD CRYPTO BUSINESS

Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher

[ad_1] Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows... Read more »

Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned

[ad_1] The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and... Read more »

Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers

[ad_1] Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will... Read more »

Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency

[ad_1] The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them... Read more »

Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding Platforms

[ad_1] The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were... Read more »

Report: Nigerian Trio Allegedly Uses Money Laundering Proceeds to Buy Bitcoins Worth Over $43 Million

[ad_1] Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving... Read more »

Uzbekistan President Issues Decree Regulating Cryptocurrencies, Mining and Trading

[ad_1] The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, and mining,... Read more »

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

[ad_1] Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine... Read more »

India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

[ad_1] The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital... Read more »

Bitcoin Miner Cleanspark Secures $35 Million in Financing from Trinity Capital

[ad_1] On Tuesday, the bitcoin mining and energy technology firm Cleanspark announced that it has secured $35 million in non-dilutive financing from Trinity Capital. According to the company, Cleanspark aims to leverage... Read more »