Business

January, 2025

• 1 January

  Russian Crypto Miners Eye Renewable Power as Regions Move Toward Bans

  

  Amid mounting pressure from local governments and growing restrictions on crypto mining in Russia, miners are now turning their attention to renewable energy sources as a potential solution. As several regions prepare to impose bans on energy-intensive mining activities, the shift towards more sustainable power options could shape the future of Russia’s crypto mining landscape. The Shift Toward Bans Several …
• 1 January

  South Korea Shaken: Arrest Warrant Issued for President Yoon in Martial Law Probe

  

  In a dramatic escalation of political tension, South Korea has issued an arrest warrant for President Yoon Suk-yeol. The move comes amid an ongoing inquiry into allegations surrounding the potential misuse of power and a proposed imposition of martial law. This unprecedented development has sent shockwaves through the nation, raising questions about governance, accountability, and the future of South Korea’s …
• 1 January

  Montenegro Finalizes Do Kwon Extradition: What’s Next for the Crypto Fugitive?

  

  Montenegro has confirmed the successful extradition of Do Kwon, the embattled founder of Terraform Labs, to South Korea. Kwon, a central figure in the catastrophic collapse of the Terra ecosystem in 2022, now faces mounting legal challenges as he is set to answer for his alleged role in one of the most significant crypto scandals in history. The Extradition Process …
• 1 January

  Switzerland’s Bold Move: Proposal Calls for Bitcoin in National Bank Reserves

  

  In a groundbreaking turn of events, a new proposal has surfaced in Switzerland aiming to mandate the Swiss National Bank (SNB) to include Bitcoin as part of its official reserves. If approved, this initiative could position Switzerland as a global leader in integrating cryptocurrency into traditional financial systems. The Proposal at a Glance The proposal, spearheaded by pro-crypto lawmakers, seeks …
• 1 January

  “a Eyes Bitcoin: Legalization to Boost Market Freedom and Rebuild Economy

  

  In a bold move to address economic challenges and foster market innovation, Syria is reportedly considering the legalization of Bitcoin and other cryptocurrencies. This development could mark a transformative shift in the country’s financial landscape, aiming to enhance market freedom and attract global attention. A Nation at a Crossroads Years of conflict and international sanctions have left Syria grappling with …
• 1 January

  Solana Surges: December DEX Volume Breaks $100B Despite Bear Market

  

  While much of the crypto market wrestled with bearish trends in December, Solana emerged as a beacon of resilience. Its decentralized exchange (DEX) ecosystem recorded an impressive milestone, surpassing $100 billion in trading volume, signaling robust user engagement and network activity. Key Highlights: DEX Dominance Amid Market Turmoil Despite macroeconomic challenges and bearish sentiment, Solana’s DEX platforms showed sustained growth. …

December, 2024

• 31 December

  Ethereum Price Dips to $3,000: Why a Rebound Is On the Horizon

  

  Ethereum (ETH) has experienced a notable price drop, dipping back to the $3,000 mark after reaching higher levels earlier this year. While this recent decline has sparked concerns among investors, many experts believe that the second-largest cryptocurrency by market capitalization is primed for a potential rebound. Here’s why Ethereum’s price may soon recover and continue its upward trajectory. The Current …
• 31 December

  Chechnya Threatens to Jail Illegal Crypto Miners ‘Like Terrorists

  

  Chechnya’s leader, Ramzan Kadyrov, has issued a stark warning to individuals engaged in illegal cryptocurrency mining, stating that they will be treated “like terrorists” and face severe consequences. The statement comes amid growing concerns over the environmental impact and security risks associated with unauthorized crypto mining operations in the Russian region. A Tough Stance on Illegal Mining Kadyrov’s remarks are …
• 31 December

  China’s Central Bank Spotlights Hong Kong’s Crypto Licensing in 2024 Report

  

  In its latest annual report for 2024, China’s central bank, the People’s Bank of China (PBOC), has highlighted Hong Kong’s progressive approach to cryptocurrency licensing, signaling a growing recognition of the special administrative region as a global hub for digital asset regulation. The report comes at a time when global interest in cryptocurrency regulations is intensifying, with countries striving to …
• 31 December

  Solana Price Under Pressure: Co-Founder Sued for Alleged Staking Reward Theft

  

  The price of Solana (SOL) has come under increased scrutiny after a legal battle involving one of its co-founders, who is being sued for allegedly stealing millions of dollars in staking rewards. The lawsuit, which has sent shockwaves through the cryptocurrency community, has raised serious questions about the governance and transparency of the Solana blockchain, putting pressure on the project’s …