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Amid the fall of the cryptocurrency market, including bitcoin, industry experts are increasingly talking about the onset of cryptowinter. A number of factors are leading to stagnation, including threats of a Russian attack on Ukraine, a coronavirus pandemic and regulatory…

On August 15, it became known that the U.S. corporation Walmart has decided to search for an employee with a focus on the cryptosphere – it was reported including one of the leading financial media in the United States, Marketwatch.…

The cryptocurrency market has been showing quite volatile movements in recent days, led by bitcoins (BTC). The growth that began in the first days of February has lifted the market. During this period, many altcoins saw serious gains. After reaching a streak of $45,000, BTC, which began a correction, broke support at $40,000 last week. The outbreak of war between Russia and Ukraine came as a shock to the crypto market. BTC, which had been accumulating around $38,000 for a while, quickly fell to the $34,400 mark after the war began. In the evening it began to rise again, but sales were conducted from the area of $39,800. So what was the main reason for such volatility of Bitcoin in one day? It is known that the decline was caused by the Russian-Ukrainian war. So why was there a rise? According to some experts, the reason for the rise was the statements of U.S. President Joe Biden. Russia, which declared war on Ukraine, faced a weak reaction from Western states. US President Biden said that as the first of the sanctions, the assets of Russian billionaires in US banks were frozen and they would not be able to access this money. Russian billionaires invested in cryptocurrency market to protect their money The reason for U.S. President Joe Biden’s decision to adopt this sanction is said to be “the anticipation that billionaires who want to preserve their capital will put pressure on Putin to stop the war.” However, the billionaires allegedly went the other way, and Biden’s plan was thwarted. Billionaires who were not involved in something like pressuring Putin to stop the war invested in cryptocurrency to protect their money. It has been stated that these billionaires usually invest in Bitcoin. After the aforementioned investments, Bitcoin jumped from the $35,000 range to about $39,000 in a short time. It has been claimed that this is the reason why the market suddenly went up yesterday. The volatile nature of the crypto market has investors nervously standing by and watching the trend. Millions of small investors are currently in a bad position as they invest in coins at a high price. The large number of leveraged positions opened during this period is causing investors to lose money. Many investors wait until the market bottoms before trading. Some investors are waiting for bitcoins to hit the $29,000 streak again. Some users argue that Russian billionaires investing in bitcoin are the reason for the recent rise. Investors who argue that these rapid drops and rises are a “liquidity cleanup,” say leveraged positions have been closed and many investors are staying away. Referring to the fact that those who opened short trades were cleared with the latest rise, users noted that long leveraged trades could be cleared in the same way in the coming days. Bitcoin and cryptocurrencies are fundamentally necessary for Western countries. This is the opinion of well-known cryptoskeptic David Heinemeyer Hansson, who admitted that his previous statements about the first cryptocurrency were wrong. The developer…

Amid the fall of the cryptocurrency market, including bitcoin, industry experts are increasingly talking about the onset of cryptowinter. A number of factors are leading to stagnation, including threats of a Russian attack on Ukraine, a coronavirus pandemic and regulatory…

Kazakhstan’s Ministry of Digital Transformation is working on creating domestic cryptocurrency exchanges to control miners. Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan (R K) intends to create their own crypto-exchanges to handle 1% of global cryptocurrency turnover. Bagdat Musin, head of the ministry, announced this at an extended board meeting. According to him, the President of Kazakhstan has agreed on the development of the institute of crypto-exchanges on the basis of the International Financial Center “Astana” (M F C A). At the same time, the cryptocurrency market itself in Kazakhstan will remain unrecognized. “We will not recognize cryptocurrency in Kazakhstan, but we will participate in the global cryptoindustry,” Musin said. Thus, crypto exchanges created on the basis of the MFCA will collect taxes on $30 million mined by miners in the country, Musin added.Kazakhstan has long been trying to take control of the local crypto market. For example, back in August 2020, the government of the republic proposed to introduce a 15 % tax on mining companies. At that time, the taxation was explained by the need to create infrastructure to combat the COVID-19 pandemic. However, the local crypto market was almost immediately skeptical of the authorities’ proposal. Kazakhstan’s Xive mining company said that the tax on miners would reduce the investment attractiveness of businesses in the country. It is noteworthy that last summer the Kazakh authorities announced their intention to attract almost $ 740 million of investment to the local crypto market that equal to 1% of global cryptocurrency turnover. Whether or not the authorities succeeded in achieving this or not, remains unknown. However, it is known that this had no effect on the legalization of the crypto market. Recently it was reported why Ukraine decided to block cryptosites and who is behind…

Private investors are creating a new reality in the investment asset market. After private investors were able to significantly increase their capitalization by buying shares of a number of companies, Dogecoin altcoin began to attract attention, and not only bitcoin,…

It is reported that Iran’s new cryptocurrency regulation, requiring licensed bitcoins miners to sell their coins directly to the central bank to use import financing. Iran’s new cryptocurrency regulation The Iranian government has amended its cryptocurrency regulation to allow the…