Bitcoin

Mastercard Partners with Chainlink to Bring Direct Crypto Buying to 3 Billion Users

Casey2 weeks ago2 weeks ago04 mins

In a groundbreaking move that’s set to reshape the future of payments, Mastercard has teamed up with Chainlink to offer a new way for over 3 billion Mastercard users to purchase cryptocurrencies directly on-chain—without the need for centralized exchanges. The partnership, announced on Tuesday, introduces a secure fiat-to-crypto gateway, enabling everyday users to convert their local currency into crypto assets, directly from Mastercard’s global payment network. A Game-Changer for Crypto AccessibilityThis isn’t just another crypto card. Unlike traditional models where crypto is converted to fiat before transactions happen off-chain, this solution allows users to stay fully within the blockchain ecosystem, providing a true on-chain experience for fiat payments. By streamlining the fiat-to-crypto conversion process, Mastercard and Chainlink are eliminating long-standing barriers that have kept many users out of the Web3 space. It marks a bold step toward mainstream decentralized finance (DeFi) adoption. Key Players Behind the IntegrationThis innovation is made possible through collaboration between multiple fintech and blockchain leaders: Chainlink: Offers decentralized oracle services to connect real-world data with on-chain infrastructure ZeroHash: Handles crypto custody, compliance, and fiat-to-crypto conversion Swapper Finance + XSwap: Deliver the user interface and connect with Uniswap for liquidity Shift4 Payments: Processes the card payments on Mastercard’s network Together, they provide a fully integrated and regulatory-compliant payment ecosystem that combines the security of traditional finance with the transparency of blockchain. Mastercard’s Vision: Bring Crypto to the MassesAccording to Raj Dhamodharan, Mastercard’s EVP of Blockchain & Digital Assets: “People want to connect easily with the digital asset ecosystem, and this solution gives them a safe and simple way to do it.” The system is designed to offer frictionless crypto purchases using Mastercard, allowing users to dive into on-chain commerce without navigating multiple wallets or platforms. Why This MattersFor years, the crypto world has been accused of being too complex for the average user. This initiative aims to change that. With compliance, liquidity, usability, and speed all built in, Mastercard and Chainlink are building the bridge between Web2 and Web3. It also signals a major shift in how traditional finance institutions view blockchain: not as competition, but as a complementary evolution.

Chainlink Joins Forces with Mastercard to Enable Global Onchain Crypto Payments

Casey2 weeks ago2 weeks ago04 mins

In a major move to bridge traditional finance with blockchain technology, Chainlink has partnered with Mastercard to make it possible for over 3 billion Mastercard users to purchase cryptocurrencies directly using their cards. The groundbreaking announcement, made on June 24, marks a major step toward the global adoption of onchain commerce and decentralized finance (DeFi). Users will soon be able to make offchain fiat payments that instantly convert into onchain crypto purchases, merging two financial worlds that were once miles apart. A New Era of Crypto PaymentsThe initiative leverages Chainlink’s secure oracle infrastructure and Mastercard’s global payment network, which spans more than 200 countries. It enables secure and seamless fiat-to-crypto conversions, making it easier than ever for consumers to enter the digital asset space. Chainlink co-founder Sergey Nazarov expressed his enthusiasm: “This is the kind of traditional finance and decentralized finance convergence that Chainlink was built to enable. We’re connecting Mastercard’s user base directly with the next generation of trading environments—onchain decentralized exchanges.” Who’s Powering the Infrastructure?Several key players are supporting this integration: ZeroHash: Offers onchain liquidity and crypto infrastructure Shift4 Payments: Helps facilitate real-world payment processing Swapper Finance and XSwap: Use platforms like Uniswap to complete onchain trading This ecosystem ensures a secure, scalable, and smooth experience for Mastercard users exploring crypto transactions for the first time. Mastercard’s Expanding Crypto VisionThis isn’t Mastercard’s first crypto partnership. The payment giant has already collaborated with MetaMask, Crypto.com, Kraken, OKX, and others to integrate stablecoin payments into everyday commerce. This Chainlink partnership builds on that foundation—moving beyond stablecoins to embrace a wider range of crypto assets. “People want easy access to digital assets,” said Raj Dhamodharan, Mastercard’s EVP of blockchain and digital assets.“That’s why we’re using our global payments expertise to connect onchain and offchain economies—and this partnership with Chainlink is a big leap forward.” Why This Matters for Crypto AdoptionThis alliance opens the door for mass-market crypto adoption, particularly among consumers unfamiliar with blockchain tech. By enabling direct crypto access through traditional payment cards, the barrier to entry for Web3 just got a lot lower. Chainlink continues to position itself as the core infrastructure layer for the future of finance, with past collaborations already established with SWIFT, Fidelity, Euroclear, UBS, and ANZ.

Crypto Market Bounces Back After Trump Hints at Possible Israel-Iran Ceasefire

Casey2 weeks ago2 weeks ago03 mins

The global cryptocurrency market surged on June 24 after U.S. President Donald Trump announced that Iran and Israel had tentatively agreed to a ceasefire following nearly two weeks of escalating conflict. According to Reuters, Trump revealed that diplomatic efforts—facilitated by the U.S. and Qatar—helped broker the truce. While the Iranian side expressed conditional willingness to halt attacks, Israel has not yet officially confirmed the agreement. Early Tuesday, Iran reportedly launched a few more missiles, keeping tensions high despite the hopeful announcement. Bitcoin, Ethereum, and Altcoins RallyThe crypto market responded immediately to the news. After a turbulent weekend triggered by fears of prolonged Middle East warfare, investor sentiment improved dramatically: Bitcoin (BTC) surged 3.7% to hit $105,000 Ethereum (ETH) jumped 7% to $2,396 Solana (SOL) gained 7.8% XRP followed with a 6% increase Overall, the total crypto market cap rose 2.4%, reaching $3.35 trillion. Sentiment Shift: Fear Turns to GreedMarket psychology flipped overnight. According to Alternative’s Crypto Fear & Greed Index, investor sentiment leaped from “Neutral” to “Greed”, climbing 18 points to 65. Other key indicators also showed improvement: RSI across major tokens rose to 58 (neutral zone) Open interest grew by 4% to $135 billion Liquidations dropped 24% to $481 million, signaling fewer forced sell-offs Context: From Tension to OptimismJust days ago, crypto markets were bleeding. A U.S. airstrike on Iranian nuclear sites had triggered a broad selloff: BTC dropped nearly 4% to $98,615 Ethereum and Solana plunged up to 10% Nearly $1 billion in long positions were liquidated Market cap shrunk by $40 billion in one day This sudden recovery shows how sensitive crypto remains to geopolitical headlines. What’s Next? Cautious Optimism RemainsWhile Trump said the deal was coordinated with Israeli Prime Minister Benjamin Netanyahu, official confirmation from both sides remains pending. Iranian officials have hinted at pausing aggression—if Israel also holds off. Traditional markets reacted positively too: S&P 500 futures rose 0.4% Oil prices dropped as fears of Gulf shipping disruptions eased However, uncertainty still lingers. Whether the ceasefire will hold is unclear, and traders remain watchful.

Which Cryptocurrency Could Boom in 2025? Experts Are Watching SUI Closely

Casey2 weeks ago2 weeks ago04 mins

As we head deeper into 2025, the cryptocurrency market is entering a critical phase. After navigating regulatory crackdowns, volatile macro conditions, and ever-changing investor sentiment, a new class of crypto projects is beginning to emerge. While Bitcoin (BTC) and Ethereum (ETH) remain top choices for long-term stability, the spotlight is now shifting toward next-generation blockchains with real-world applications—and SUI is leading the charge. Bitcoin & Ethereum: The Old Guards Holding StrongIn uncertain times, investors often seek safety in the most established crypto assets. Bitcoin, with its limited supply and digital gold narrative, continues to be a go-to asset during global tensions. Ethereum, on the other hand, remains the backbone of decentralized finance (DeFi), NFTs, and Web3 ecosystems. Institutional interest in BTC and ETH is growing, with giants like BlackRock, Fidelity, and ARK Invest expanding their ETF exposure. This gives both assets a strong foundation, even if they may not deliver the explosive 10x returns seen in earlier cycles. SUI: A Rising Star with Real-World PotentialLaunched in 2023 by former Meta (Facebook) engineers, SUI is a Layer-1 blockchain designed for performance, scalability, and developer freedom. It uses the Move programming language and a unique object-based data model, making it faster and more secure than many legacy networks. Currently priced at $2.85, SUI is up over 246% in the past year, and technical indicators suggest it could be preparing for another breakout. With a Relative Strength Index (RSI) of 48.4, the coin appears to be consolidating in a mid-range zone, often a sign of an upcoming bullish move. If momentum continues, SUI could target the $7 mark in the months ahead. What’s Fueling SUI’s Growth?Strong Developer Ecosystem: SUI’s network is attracting developers thanks to its intuitive tools and performance-based design. High Throughput & Low Latency: SUI is built for speed, making it ideal for real-world applications like gaming, social dApps, and DeFi. Institutional Interest: The recent filing of a 21Shares SUI ETF on Nasdaq signals growing confidence from institutional players. Rapid Market Adoption: Since launch, SUI has entered the top 15 cryptocurrencies by market cap and boasts rising daily trading volume. Final Thoughts: Will SUI Boom in 2025?While SUI still faces competition from older Layer-1 networks like Solana and Avalanche, its innovative tech, growing adoption, and early institutional signals make it a serious contender. For investors seeking the next big breakout in 2025, SUI may be the token to watch.

Japan’s FSA Proposes Crypto Reclassification: 20% Flat Tax on the Horizon

Casey2 weeks ago2 weeks ago04 mins

Japan is taking bold steps toward reshaping its cryptocurrency regulations—and investors could soon enjoy major tax relief. On June 24, 2025, Japan’s Financial Services Agency (FSA) released a policy proposal that could dramatically change how cryptocurrencies are treated in the country. The key idea? Reclassify crypto assets under the Financial Instruments and Exchange Act (FIEA), a move that would reduce capital gains taxes on crypto to a flat 20%, aligning them with the taxation rules for stocks. From Payment Tools to Financial ProductsCurrently, cryptocurrencies in Japan are regulated under the Payment Services Act, which subjects investors to variable income tax rates of up to 55%. This new proposal, titled “Review of the Systems Surrounding Crypto Assets,” suggests moving crypto under the FIEA, effectively reclassifying them as financial products. The proposal will be formally discussed at the Financial System Council meeting on June 25. If approved, this change would not only ease the tax burden but also open the door for domestic Bitcoin ETFs—something the Japanese crypto community has long awaited. A Strategic Push for Web3 GrowthThis shift is part of Japan’s broader plan to promote Web3 innovation and position itself as a leading investment-friendly nation. The initiative is outlined in the country’s revised 2025 “New Capitalism” strategy, which highlights Web3 as a tool to boost productivity, solve social issues, and showcase Japanese culture and innovation on the global stage. Crypto Asset Classification Framework in FocusThis proposal also ties into Japan’s larger regulatory effort to more precisely define and monitor digital assets. The FSA recently introduced a two-tiered classification system: Type 1 Tokens: Issued by companies for fundraising purposes. These will face stricter disclosure requirements to ensure investor protection. Type 2 Tokens: Include decentralized assets like Bitcoin and Ethereum, which are not issued for fundraising. These will be subject to lighter oversight, mainly through exchange regulation. Digital Yen and Financial InnovationMeanwhile, Japan is moving ahead with its digital yen pilot program, launched in 2023, and continues to strengthen its digital financial infrastructure. If this regulatory overhaul goes through, Japanese crypto investors could see simpler tax filing, fewer compliance hurdles, and more opportunities to participate in the growing Web3 economy.

Solana Partners with Kazakhstan’s Government to Boost Tokenized Markets and Crypto Education

Casey3 weeks ago3 weeks ago04 mins

Solana Foundation continues its global expansion, announcing a major partnership with Kazakhstan to develop blockchain startups, educate developers, and bring tokenized capital markets to the region. Solana has officially signed a Memorandum of Understanding (MoU) with Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry. The agreement marks a key step in advancing blockchain adoption in Central Asia, with a strong focus on startup support, developer education, and capital market tokenization. Solana Eyes Central Asia for Web3 GrowthThe partnership was confirmed by Solana Foundation President Lily Liu, who visited Kazakhstan to finalize the MoU. Liu explained that Solana is actively seeking forward-thinking governments and organizations to help bring Web3 infrastructure and opportunity to new regions. “We look for people, companies, and countries that share our vision of building the next generation of financial infrastructure,” Liu said, adding that Kazakhstan stood out as a country ready to embrace innovation and digital transformation. Unlocking Kazakhstan’s Investment Potential Through BlockchainThe MoU also supports a broader strategy to integrate blockchain into Kazakhstan’s capital markets. Akshay BD, Chief Marketing Officer at Solana Foundation, explained that by tokenizing assets and market transactions on the Solana blockchain, the Astana International Exchange (AIX) could become a globally competitive platform—comparable to the NYSE or Nasdaq. According to Akshay, this move could bring 90% of trading volume on-chain, dramatically increasing transparency, speed, and investor confidence. Solana Economic Zone Launched in KazakhstanThis announcement comes just weeks after Kazakhstan launched the first Solana Economic Zone (SEZ KZ) on May 30, making it the first Solana-backed economic zone in Central Asia. Kazakhstan’s Minister of Digital Development, Zhaslan Madiyev, said the initiative shows the country’s commitment to integrating cutting-edge technologies into its economy. “We’re focused on creating a resilient, competitive digital environment. Projects like SEZ KZ allow us to test and implement next-gen solutions—from asset tokenization to developing local Web3 talent,” Madiyev stated. What This Means for Solana and the RegionThis partnership could help Solana expand its global footprint while helping Kazakhstan transform into a hub for Web3 innovation, blockchain education, and digitized capital markets. For Solana users and investors, it could signal growing institutional adoption and real-world use cases beyond DeFi and NFTs. As more governments warm up to blockchain partnerships, Solana’s momentum may translate into greater ecosystem value, deeper developer engagement, and long-term price strength.

Pi Network Eyes Comeback as Bullish Chart Pattern and Pi Day 2 Build Momentum

Casey3 weeks ago3 weeks ago04 mins

After a steep drop in price and fading hype post-mainnet launch, Pi Network (PI) may be setting the stage for a strong comeback. The popular community-powered cryptocurrency has seen its price slump by over 60% since May, but new technical patterns and upcoming events suggest a possible reversal may be near. Pi Coin Stabilizes After Steep Drop Since hitting a high of $1.66 in May 2025, Pi Coin has fallen sharply, reaching as low as $0.53 as of June 21. Trading volume has also dropped drastically from over $3 billion to just $74 million, indicating cooling investor interest. This decline came after the much-anticipated Consensus event and the launch of Pi Network Ventures, a $100 million fund aimed at growing the ecosystem. However, despite the recent dip, not all signals are bearish. A Bullish Chart Pattern Forms Technical analysis on Pi Coin’s 8-hour chart shows the formation of a falling wedge pattern — a classic indicator that often precedes a bullish breakout. At the same time, volatility has decreased, with narrowing Donchian Channels and a weakening MACD. Historically, periods of low volatility can signal accumulation by investors, which often leads to an upward move. If the price breaks out of the wedge, analysts suggest a possible surge toward $1, representing a potential 85% rally from current levels. The bullish case remains valid unless Pi drops below the key support of $0.3940, which is this month’s low. Key Catalysts Ahead for Pi Coin Looking beyond charts, there are multiple upcoming events and developments that could boost Pi Coin’s price: Final Thoughts While risks remain — especially after such a sharp correction — the combination of a bullish wedge pattern, community-driven events, and potential macroeconomic tailwinds could help Pi Network regain momentum. If buyer interest returns, PI may once again challenge key resistance levels and work toward reclaiming the $1 mark.

Solana (SOL) Slips on Meme Coin Crash — But a Technical Comeback Could Be Near

Casey3 weeks ago3 weeks ago05 mins

Solana, one of the most promising layer-1 blockchains, has taken a heavy hit in June. After a strong start to 2025, SOL’s price has dropped more than 25% since May, slipping to a two-month low of $140. The decline is largely driven by chaos in the meme coin market, along with falling DeFi and stablecoin activity on the Solana network. But despite the drop, chart patterns suggest that a potential recovery may be on the horizon. Meme Coin Meltdown Hits Solana Hard Solana’s recent losses are tied to the collapse of meme coins built on its ecosystem. According to CoinGecko, Solana-based meme coins lost billions in market value over the last few weeks. In May, they were worth around $15 billion — already down from $30B in January — and now they’ve plunged to just over $9 billion. Coins like Fartcoin (-25%), Popcat (-6.9%), and Gigachad (over -20%) have all suffered double-digit losses in the past seven days, dragging the broader Solana ecosystem down with them. DeFi and Stablecoin Transactions Plunge Data from DeFi Llama shows that Solana’s decentralized finance (DeFi) activity has fallen sharply. DEX transaction volumes dropped from $97 billion in May to just $46 billion in June, a dramatic 52% decline. In January, that number stood at $262 billion, underscoring the size of the slide. It’s not just DeFi — stablecoin usage on Solana is also shrinking. Artemis data shows that stablecoin transaction volumes are down 68% month-over-month, dropping to $179.5 billion. Meanwhile, the number of unique stablecoin addresses fell 20%, and transactions declined by 37%, indicating a slowdown in on-chain activity. Can Solana Bounce Back? Chart Patterns Say Maybe Despite the current weakness, technical analysis offers some hope for a comeback. The daily chart shows that SOL has formed a bullish flag pattern, a structure that often hints at a potential upward breakout. However, the near-term outlook remains cautious. The 50-day and 100-day moving averages have formed a mini “death cross”, which could signal short-term bearish pressure. The Relative Strength Index (RSI) and MACD are also pointing lower, indicating that downside momentum still lingers. The key level to watch is $156, which marks the top of the flag’s descending channel and coincides with the 100-day MA. A breakout above that resistance could confirm a trend reversal, putting Solana back on the path toward recovery. Bottom Line Solana’s current slump highlights how meme coin hype can quickly turn into a risk for layer-1 networks. But while on-chain metrics and technical indicators show short-term weakness, the bullish flag pattern suggests a potential recovery is still possible — especially if buyers step in and price regains key resistance levels. Traders should watch the $156 mark closely. If SOL climbs above that, we might see renewed momentum. But until then, caution is advised.

Rexas Finance Surges 325% in Hours: Is This Just the Beginning or a Blow-Off Top?

Casey3 weeks ago3 weeks ago04 mins

Rexas Finance (RXS) has taken the crypto market by storm with an eye-popping 325% price surge within just a few hours. The token’s explosive rally has turned heads across the industry, but as the price starts to cool off, the big question now is: was this a short-lived pump or a setup for more gains ahead? Momentum-Driven Rally Draws Attention RXS saw a sharp breakout above key resistance levels, triggering a vertical rally that sent its price soaring. The move was fueled by high momentum and aggressive buying interest. However, following the spike, the token has entered a corrective phase — a natural cooling-off period after such an extreme move. Interestingly, this correction is not accompanied by a heavy sell-off. In fact, trading volume has declined, a sign that the market might be consolidating rather than collapsing. Key Support and Resistance Levels to Watch The $0.109 level has emerged as a crucial support zone. Not only is this a key level from a higher time frame perspective, but it also lines up with the Point of Control (PoC) on the volume profile — making it a potential area for a strong price bounce if tested. On the upside, local resistance is now seen near the 0.618 Fibonacci retracement from the recent drop. A rejection here could lead to a retest of $0.109, where bulls may look to rebuild momentum. Market Structure Still Bullish Despite the recent dip, the overall market structure for RXS remains intact. There’s no confirmed lower low or bearish pattern just yet. This means the correction could simply be part of a healthy retracement in a larger bullish trend. If the price holds above $0.109 and volume begins to climb again, we could see another leg up. But if this support fails, traders might prepare for a deeper pullback. What’s Next for Rexas Finance? As it stands, RXS is at a crucial turning point. If the token holds its ground and forms a base around $0.109, the bulls could drive it higher again. On the flip side, a breakdown below this level could signal a shift in sentiment. Traders and investors should watch for confirmation signals — such as rising volume on a bounce or a firm break below support — to better gauge the next move. TL;DR: Rexas Finance’s 325% rally has cooled, but the bullish setup isn’t broken yet. Watch $0.109 for signs of a strong bounce or deeper correction.

Norway Temporarily Bans New Crypto Mining Sites to Save Power

Casey3 weeks ago3 weeks ago03 mins

In a bold move to protect its energy resources, Norway has announced a temporary ban on new cryptocurrency mining operations. The decision, made official on June 20, 2025, will go into effect this August and aims to curb the growing electricity demands of energy-hungry data centers. Why is Norway hitting pause on crypto mining? According to Karianne Tung, Norway’s Minister for Digitalization and Public Administration, the government is taking a firm stance: “We want to limit crypto mining as much as possible.” This move comes as Norway’s northern regions have become increasingly popular for crypto miners. With low electricity costs and access to renewable hydropower, the country has attracted mining companies from around the world. In fact, Norway currently accounts for around 2% of Bitcoin’s global mining hash rate. But officials argue that crypto mining doesn’t bring enough long-term value to the local economy. Mining operations consume huge amounts of electricity yet create few jobs or lasting infrastructure. The government now wants to redirect clean energy toward industries that contribute more to economic growth and sustainability. A broader crackdown is already underway This isn’t Norway’s first step toward controlling crypto mining. Back in April 2025, the government introduced legislation requiring all data centers—including those for crypto mining—to register with authorities and disclose ownership details. The upcoming ban will stop any new crypto mining facilities from setting up shop in the country while officials evaluate long-term policy options. The goal, according to Minister Tung, is to “shut the door on the projects we don’t want.” Clean energy, strong boundaries Thanks to its abundant hydropower, Norway has one of the cleanest electricity grids in the world. And while the country supports innovation and digital infrastructure, it’s drawing a clear line when it comes to power usage. This action sends a strong message: sustainable energy isn’t a free-for-all—and countries with green resources are now being more selective about how they’re used.

XRP Price Hovers Near $2.09: Is a Bounce or Breakdown Coming Next?

Casey3 weeks ago3 weeks ago04 mins

Ripple’s XRP is trading dangerously close to a key support level, and the crypto market is watching closely. After dropping nearly 8% over the past month, XRP has found itself at a make-or-break zone around $2.09 — a level that could either spark a bounce or trigger a deeper drop. Key Support Holding… For Now The $2.09 area is more than just a round number. It’s a significant confluence of support, lining up with the 200-day moving average, the daily support/resistance zone, and the value area low. This clustering makes it a critical price point that could define XRP’s next major move. Two Possible Scenarios: Bounce or Breakdown Right now, the market is in wait-and-see mode. Here’s what could happen next: Repeated Tests = Warning Sign While this support has held so far, XRP has been hovering near this zone for a while. The longer price stays at support, the more likely it is to break. Market psychology tells us that repeated tests can weaken a support zone, giving sellers an opportunity to push lower. Market Still Uncertain This price action comes at a time when broader market sentiment is cautious. Despite the recent approval of Canadian spot XRP ETFs, the token hasn’t shown a strong reaction. This lack of enthusiasm signals ongoing uncertainty among investors. What to Watch Next The next few days — or even hours — could be pivotal for XRP. If bulls step in and reclaim short-term highs, we might see a short-term rally. If not, a breakdown from this zone could invite more downside. Bottom line: XRP is sitting on the edge. Traders should watch for a clear breakout or breakdown before making major moves.

Russia Says 70% of Crypto Miners Still Unregistered Despite New Laws

Casey3 weeks ago3 weeks ago04 mins

Russia is facing a major roadblock in regulating its crypto mining sector, as most operations continue to remain in the shadows. Despite implementing new laws in late 2024 aimed at formalizing the industry, officials now reveal that only 30% of mining businesses have officially registered with the government. According to Ivan Chebeskov, a senior official from the Ministry of Finance, around 70% of crypto miners have yet to comply with registration requirements. This data, shared during a recent press briefing reported by TASS, underscores the ongoing struggle to bring transparency and control to Russia’s growing crypto mining scene. “Our goal when introducing mining regulations was to bring this industry out of the shadows. We are still far from achieving that,” said Chebeskov. Government Plans Tighter Rules and Bigger Penalties While no specific new measures were disclosed during the announcement, authorities are expected to intensify efforts to bring more miners into compliance. Previous reports have suggested that the Russian Ministry of Digital Development is working on legislation that would increase penalties for illegal mining operations. As of June 9, proposed fines could go up to 2 million rubles (around $25,500) — a significant jump from the current maximum of 200,000 rubles. Crackdown Continues: Illegal Farm Shut Down in Rostov On the same day Chebeskov made the remarks, Russian law enforcement announced the shutdown of an illegal crypto mining farm in the Rostov region. Authorities seized 13 mining rigs found inside a garage complex in the city of Bataysk. A criminal case has been launched under Article 165 of Russia’s Criminal Code, which covers property-related crimes. This is part of a broader crackdown on unauthorized crypto operations across the country, which officials believe undermine tax compliance and energy security. Crypto Mining in Russia: Legal Grey Zones Still Remain Although Russia passed two major crypto mining laws in late 2024 to define and regulate the sector, critics argue the framework remains unclear. Some analysts say the rules do little beyond establishing taxation grounds, while also introducing limitations like banning foreign entities from mining and imposing regional restrictions. “There’s no full legalization — just stricter control,” said Nikita Zuborev, chief analyst at BestChange, in a previous interview. What’s Next? With most miners still operating without proper registration, Russia is expected to tighten the regulatory net in the coming months. Whether tougher penalties and enforcement will be enough to convince miners to go legal remains to be seen.

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Mastercard Partners with Chainlink to Bring Direct Crypto Buying to 3 Billion Users

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Crypto Market Bounces Back After Trump Hints at Possible Israel-Iran Ceasefire

Which Cryptocurrency Could Boom in 2025? Experts Are Watching SUI Closely

Japan’s FSA Proposes Crypto Reclassification: 20% Flat Tax on the Horizon

Solana Partners with Kazakhstan’s Government to Boost Tokenized Markets and Crypto Education

Pi Network Eyes Comeback as Bullish Chart Pattern and Pi Day 2 Build Momentum

Solana (SOL) Slips on Meme Coin Crash — But a Technical Comeback Could Be Near

Rexas Finance Surges 325% in Hours: Is This Just the Beginning or a Blow-Off Top?

Norway Temporarily Bans New Crypto Mining Sites to Save Power

XRP Price Hovers Near $2.09: Is a Bounce or Breakdown Coming Next?

Russia Says 70% of Crypto Miners Still Unregistered Despite New Laws