Cryptocurrency news on Today 22nd of May
Russia has embarked on the path of prohibitions and restrictions for cryptocurrency industries
Chinese miners are forced to disconnect equipment
Terrorists are not interested in cryptocurrencies, cash is much more convenient
Russian officials decided to finish off the cryptocurrency industry in Of Russia. Proposed amendments to yet not adopted law can seriously slow down the development of industry in the country. Between themes, Chinese miners are forced to turn off their equipment, but the point is not consequences halving, and Chainanalysis again debunks the myths about the use of bitcoin for financing of terrorism.
Read about how things are in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day in our daily digest.
Hacker tried to sell Wishbone application data for bitcoins
Hacker who hacked Wishbone app tried to sell for bitcoins information about 40 million users, but changed my mind and gave everything is free. Someone hacked the Wishbone app, popular among teenagers, and posted an advertisement on the forums for the sale of personal data, including phone numbers, electronic mail, usernames, their location and hashed passwords, as well as personal photos posted by teenagers, according to ZDnet. More details
Chinese miners turn off mining-centers, but not because of halving
Mining centers in China began to shut down due to energy supply problems. China’s Sichuan province suffers from water shortages, which the reflected in the form of a lack of electricity supplies. Due to power outages, local cryptocurrency miners had to turn off their mining farms, according to 8BTC.. According to According to an official regulation of the Sichuan Municipality, the electricity load in the region has increased by 22% since May. Per this At the same time, water consumption in local rivers decreased by 20%, which led to a shortage of hydropower. More details
Crypto funds are not may recover from the fall of bitcoin
The financial crisis caused by the coronavirus epidemic hit immediately some markets, including cryptocurrency. but unlike stock markets, cryptocurrencies recovered quickly. For example, after Bloody Thursday and the March 12 sale bitcoin already managed to win back his cost and grew by 36% since the beginning of the year. In the same time drop in S index&P is 8%. According to the resource Сoinmarketcap.com, capitalization cryptocurrency market is $ 265 billion. More details
Russian politicians are surviving crypto business from domestic market
Russian State Duma deputies have developed new a bill that provides for administrative and criminal liability for violations of use digital currency, which includes crypto coins, digital financial assets and digital rights. It is assumed that the fines will be reach 2 million rubles. More details
Chainalysis doubts terrorists hid $ 300 million in cryptocurrencies
There were reports on the Internet about Tom, that IS could have hidden a large amount of cash funds in cryptocurrencies to cover their tracks. In cryptocurrency analytical company Chainalysis doubt that Islamic State (IS, a terrorist organization banned in Russia) could hide $ 300 million in cryptocurrency. Previously edition The National, citing a statement chapters monitoring group at Hans-Jakob Schindler’s UN Security Council, said the group was concerned about the possibility of IS to hide a military chest with $ 300 million in cryptocurrencies. More details
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