EU Council Adopts New Rules for Europe’s Crypto Markets

by webwriter | May 18, 2023 | Crypto Updates

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for...

Tax Authority Slated to Become Main Crypto Regulator in Russia

by webwriter | May 17, 2023 | Crypto Updates

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an...

Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms

by webwriter | May 17, 2023 | Crypto Updates

According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action...

Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed

by webwriter | May 16, 2023 | Crypto Updates

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC...

Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

by webwriter | May 14, 2023 | Crypto Updates

Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the...

Report: French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

by webwriter | May 12, 2023 | Crypto Updates

A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a woman, who sold him a Ferrari for $440,000 in April 2021, filed a...