Russia bans crypto mining for 6 years in 10 regions
Russia’s key crypto mining regions like Irkutsk will enforce seasonal mining restrictions instead of originally proposed complete bans.
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BitMEX to Compensate Users Affected by Unforeseen Auto-Deleveraging After Bitcoin Bullrun
Cryptocurrency trading platform BitMEX will refund users who lost money during this week’s Bitcoin (BTC) bull run after technical problems affected its contracts, the company confirmed in a press release updated April 3.BitMEX, which offers various leveraged trading products for Bitcoin and other cryptocurrencies, had automatically closed some clients’ positions as the Bitcoin and Ethereum…

Philippines SEC begins Binance ban countdown
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country. 441 Total views 39 Total shares The Philippines Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that a ban on Binance

SMBC, Ava Labs, Fireblocks sign MoU for stablecoin framework in Japan
According to RWA.XYZ, the total stablecoin market cap is currently over $227 billion, with over 155 million holders worldwide. Sumitomo Mitsui Financial Group (SMBC), a Japanese banking and financial services conglomerate, along with business systems firm TIS Inc, Ava Labs — the developer of the Avalanche network — and digital asset infrastructure company Fireblocks, have

McDonald’s metaverse debuts in Singapore
McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards.

Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s
U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18. 582 Total views 43 Total shares The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investments’ plans to…

Cointelegraph launches Markets Pro crypto intelligence platform, powered by The TIE
Cointelegraph Markets Pro, a data platform designed to level the playing field for cryptocurrency market participants, is now available to the public following a successful live testing period.The platform, which has been in development for a year, is the result of exhaustive analysis of the crypto markets and the key drivers of asset price movements.…

CFTC charges Uniswap with illegal derivatives trading
One CFTC commissioner dissented, calling the action “regulation by enforcement.”

Why are institutions accumulating crypto in 2022? Fidelity researcher explains
Institutional involvement in crypto, especially in Ethereum, has increased in 2022 despite the bear market, according to the latest findings of a Fidelity Digital Assets survey. 403 Total views 7 Total shares Institutions' investment in crypto has increased in 2022 despite the bear market, according to a recent survey by Fidelity Digital Assets. In particular, the…