The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban.

Cryptocurrency miners in Russia will face restrictions across multiple regions as the government has decided to impose a ban on mining activities in 10 territories. According to a December 24 report from the state-owned news agency TASS,

Russia plans to ban crypto mining in select regions due to an ongoing electricity crisis. Ten key regions may face a ban lasting up to

The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.

Bitcoin's value surged from $69,374 on Election Day to more than $100,000, driven by President-elect Donald Trump's win and his pledge to make the U.S. the "crypto capital." Trump’s nomination of crypto advocate Paul Atkins for SEC chair and his plan to include Bitcoin in the U.

The original cryptocurrency was down more than 7 per cent for the seven-day period through 9:27am on Monday in Singapore.

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.

Singapore solidified its status as a leading digital assets hub in 2024, granting 13 crypto licenses to a mix of major exchanges and global operators, more than doubling the previous year’s approvals,

Singapore stepped up its efforts to become a leader in digital assets in 2024, while Hong Kong struggled to keep pace in the race to attract crypto businesses. According to a Bloomberg report, Singapore issued 13 crypto licenses to various operators in 2024.