Author: cointechies

MicroStrategy founder Michael Saylor has expressed his enthusiastic support for President-elect Donald Trump’s proposal to establish a strategic Bitcoin reserve. This initiative is part of Trump’s broader “Digital Assets Framework” policy and aims to position the United States as a global leader in the emerging digital economy. Pioneering a strategic approach to digital assets Saylor, who is known as an ardent supporter of Bitcoin, laid out his goals in a detailed policy document released last week. The framework establishes rights for participants in the crypto ecosystem, establishes compliance standards, and calls for a strong regulatory and operational framework to accelerate…

As people’s interest in cryptocurrencies continues to grow, Russia has decided to ban mining activities in ten regions across the country. The ban will apply from January 1, 2025 and will remain in place until March 15, 2031. As a local news outlet reported, the Russian government has approved a list of regions that will ban crypto mining and participation in mining pools. These territories include, among others, Dagestan, Ingushetia, Karachay-Cherkessia, Kabardino-Balkaria, Chechnya, the Donetsk and Lugansk People’s Republics, North Ossetia and the Zaporizhzhia and Kherson regions. In addition, the Russian government has announced plans to temporarily suspend crypto mining…

In a move that is causing a stir across the technology and crypto landscape, President-elect Donald Trump has appointed Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets, colloquially known as the “Crypto Council.” The council will operate under the leadership of David Sacks, Trump’s designated “AI and crypto czar.” Who is Bo Hines? 29-year-old Bo Hines first gained national attention as a standout college football player, playing for both the NC State Wolfpack and the Yale Bulldogs. Hines moved from the roster to the political arena, pursuing legal training and earning his Juris Doctor…

The Russian government has released a draft resolution banning or restricting local mining. The ban comes into effect on January 1, 2025 and lasts until March 15, 2031. According to TASS, the mining ban will apply in Dagestan, Ingushetia, Chechnya, Kabardino-Balkaria and North Ossetia. The ban includes mining and participation in pools. The order has not yet come into force in the People’s Republics of Luhansk and Donetsk as well as in some places in Zaporizhzhia and Kherson. The same restrictions also apply to certain locations in the Irkutsk region, Buryatia and Zabaikalsky region during peak load times. By 2025,…

The Hamster Kombat project’s Decentralized Autonomous Organization (DAO) has been rapidly gaining momentum since its recent launch. With the successful completion of its first proposal just a few hours ago, the DAO is already moving forward with a groundbreaking idea: the possible launch of a Layer 2 Hamster blockchain that is set to revolutionize the future of the project. The proposal, which involves hosting a series of events for token holders with a massive $1 million bounty pool, has since been approved. The team is preparing to implement the plan and will share an implementation strategy with DAO members in…

Dogecoin is facing resistance at $0.35 while it is struggling at $0.32. Can the psychological level of $0.30 be held if the EMAs turn bearish? Currently, Dogecoin is trading at $0.31927, with an intraday decline of 1.46%. This pullback comes after the 3.90% overnight rise, creating a bullish engulfing candle. However, the bullish rally failed to sustain above $0.3250. Furthermore, it has now broken the $0.32 mark. DOGE price analysis In the 4-hour price trend, Doge price action shows a V-shaped recovery that fails to cross the horizontal level of $0.3488. This has marked the formation of a potential round…

Sensitive information from cryptocurrency industry events is being sold online, creating a potential goldmine for scammers and cybercriminals. Crypto media company Cointelegraph has obtained samples of participant data, including full names, contact details, social media links and even crypto wallet addresses – raising alarms about possible phishing campaigns. What is included in the data? The leaked lists, marketed as “marketing and customer outreach” tools, contain confidential details such as: Full names and phone numbers Job titles and company affiliations Social media profiles, including follower counts Ticket purchase details, operating systems used and registration timestamps Crypto wallet addresses Personal messages sent…

Blockchain security auditor Hacken launches new tool to automate security and compliance for Web3 companies as MiCA and DORA rules emerge. Hacken, an international blockchain auditor with Ukrainian roots, is introducing a new solution that will enable Web3 companies to comply with standards such as Europe’s MiCA and DORA in an automated way. In a press release shared with crypto.news, Dyma Budorin, co-founder and CEO of Hacken, said that the company developed the so-called “Extractor” to address the “critical need for proactive monitoring and compliance in the crypto space.” According to the Tallinn-based company, Extractor provides a compliance monitoring framework…

Will SUI price break above $5 as bulls prepare to challenge the overhead trendline on the 4-hour chart? The SUI token is up 4.24% in the last 24 hours and reached the psychological mark of $4.50. With a market cap of $13.24 billion, the recovery points to a possible bull market before the end of 2024. Will this recovery lead to a price jump above the $5 mark? Let’s find out. SUI price analysis Currently, the SUI token is trading at $4.5370, with an intraday decline of 3.66%. This marks bearish exhaustion following the 9% recovery overnight. Last night’s rise…

The US Internal Revenue Service (IRS) claims that winnings from crypto bets are taxable before the participant redeems them. The parastatal government has reiterated that cryptocurrency staking does not constitute new ownership. Therefore, crypto enthusiasts who stake their assets should be fully accountable and pay taxes when staking. A Bloomberg A report Tuesday outlined the IRS’s stance in an ongoing lawsuit between the agency and a U.S. couple. For comparison, Joshua Jarret and his wife Jessica Jarret filed a lawsuit against tax collectors in October seeking to reform the IRS’s view of taxes on crypto staking. IRS Tax Case Background…