News

Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. However, those who get involved in this "original" idea do not receive anything in return.

Although the Russian government has a rather ambivalent attitude towards the cryptocurrency industry in general, citizens seem to be attracted by the benefits it offers. As a result, demand for mining equipment continues to skyrocket.

The year 2022 started with a bearish trend for the entire cryptocurrency market. One bad news followed another, and all major cryptocurrencies suffered significant outflows. Meanwhile, the emerging NFT market is experiencing unprecedented growth.

On January 21, the Bank of Russia received a call from an anonymous person who reported that their premises were rigged with explosives. Among other reasons, the criminal cited the possible ban on cryptocurrencies.

An unknown investor withdrew over 6 billion rubles ($83 million) in USDT from one's Binance wallet on January 20. The transaction coincided with the renewed rumors about the ban of cryptocurrencies in Russia and the news about the test of the digital ruble.

Altcoins are struggling to recover from the downtrend. Pullbacks at recent highs have caused altcoins to fall below their moving averages.

Interest in the Shiba Inu meme token is growing despite the criticism its developer is facing. Investors tend to increase their portfolio as new whales join the community.

A popular meme token Shiba Inu is facing a legal battle with a Canadian medical information source that claims the developers are scammers. The community supports the coin.

The Russian cryptocurrency mining industry is flourishing, causing demand for equipment to skyrocket. According to local news agencies, it has increased 14 times in 2021 compared to previous years.