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Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years

After touching a new low of 7.0188 Yuan per dollar in September 2022, the offshore exchange rate between China's fiat currency and the U.S. dollars recently crossed the 7:1 mark. The strengthening of the U.S. Dollar is driving the yuan's fall, just like other global currencies which have declined in 2022. The Yuan's Decreciation After

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Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC

Microstrategy executive chairman Michael Saylor stated that his company recently bought 301 bitcoin at an average price $19,851 per currency. Saylor explained that Microstrategy's balance sheet currently holds 130,000 bitcoins, making it the largest bitcoin stash held by any publicly traded business. Microstrategy acquires more Bitcoin at an average price of $19,851 per coin Microstrategy

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Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December

The head of Russia's government asked the central bank and Moscow's finance ministry to come up with a plan for developing the country’s digital asset market by December 1. They should also work together with other regulators to agree on the regulations. Russian Government Takes Action to Regulate Cryptocurrencies Despite Being Pressed By Sanctions Russian

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Baltic Honeybadger 2022: For Bitcoiners, The Yield Is The Friends We Make Along The Way

Baltic Honeybadger 2022 conference in Riga was packed with high-quality presentations and major announcements, as well as notable speakers. This opinion editorial is by Josef Tetek (the Trezor brand ambassador at SatoshiLabs). After a three year hiatus, Bitcoiners reunited at the renowned Baltic Honeybadger event in Riga, Latvian capital. Source: author The conference attracted only

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Number of Youtube Crypto Stream Scams and Fake Domains Explodes in H1 2022

Group-IB, a Singaporean cybersecurity firm, found that fake domains have been used in a lot of cryptocurrency scams during the first half 2022. These domains have increased fivefold and many of them, even though they are registered with Russian registrars. They are intended to reach English- and Spanish-speaking crypto investors. Crypto Scams Domains Grow Immensely

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Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Experts in the crypto industry have formed a group to develop a standard for profitable and energy-efficient cryptocurrency mining in Russia. These rules will help developers and data centers operators to offer investors more hardware uptime. Russia Plans to Increase Efficiency of Mining Facilities by 2023 A group of crypto experts has come together to

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