Author: Blockto Team

Despite introducing new mining laws in late 2024, Russia has only managed to register 30% of its crypto miners, raising concerns about enforcement and industry compliance. Government officials now pledge stronger measures to bring the remaining 70% of miners into the legal framework. Crypto Mining Law Still Facing Resistance The Russian government began enforcing two new laws in October and November 2024, aimed at regulating and taxing the domestic crypto mining sector. These regulations included legal definitions for mining activities and mandatory registration with the Federal Tax Service. However, Finance Ministry official Ivan Chebeskov revealed that most miners are still…

Tensions in the Middle East escalated sharply as Iran threatened to close the Strait of Hormuz, a critical maritime passageway responsible for nearly 20% of the world’s oil supply and 30% of global LNG shipments. The move comes amid intensifying missile exchanges with Israel and growing fears that the conflict is now targeting both physical and financial infrastructure. Strait of Hormuz: A Global Energy Lifeline The Strait of Hormuz is a narrow chokepoint that separates the Persian Gulf from the Gulf of Oman. It is one of the most strategically vital shipping lanes globally. Any disruption to its operation could…

Bitget has secured regulatory approval in Georgia, strengthening its footprint across Eastern Europe amid a continent-wide shift toward structured crypto oversight under MiCA. Bitget Licensed in Georgia’s Tbilisi Free Zone The newly obtained license allows Bitget to operate as a digital asset exchange and custodial wallet provider within the Tbilisi Free Zone (TFZ). This move adds Georgia to Bitget’s growing list of compliant jurisdictions, alongside the UK, Italy, Poland, Bulgaria, Lithuania, and the Czech Republic. Georgia’s crypto-friendly policies, tax benefits, and expanding user base made it an ideal destination for the next phase of Bitget’s European strategy. Bitget’s CEO Gracy…

In a significant policy shift, the Swiss National Bank (SNB) has cut its key interest rate to 0%, marking its sixth consecutive rate cut since March 2024. The move signals a return to the Zero Interest Rate Policy (ZIRP) that defined the COVID-era bull run and could have far-reaching effects on global markets, particularly cryptocurrencies like Bitcoin. Why Switzerland Returned to Zero The SNB’s decision reflects rising concerns about: Switzerland, known for its trade surplus, is among the countries most exposed to tariff-induced deflation. The aggressive rate cuts are aimed at protecting the export economy and preventing further currency appreciation,…

Iran’s largest crypto exchange, Nobitex, is under extreme threat following a double blow: a $100 million hack and a full source code leak. The pro-Israel hacker group Gonjeshke Darande has followed through on threats, publishing the internal systems of the exchange online, effectively placing all remaining user funds at risk. From $100M Hack to Full Code Exposure Just 24 hours after stealing over $90 million in digital assets spanning Bitcoin, Ethereum, Dogecoin, XRP, and Solana, the attackers released Nobitex’s full source code, including: This leak effectively dismantles the back-end security of Nobitex, leaving any unwithdrawn user assets highly vulnerable to…

South Korea’s financial watchdog has announced a formal investigation into transaction fees charged by local cryptocurrency exchanges, signaling a growing push to reduce trading costs and improve transparency for retail investors. The move follows campaign promises made by newly elected President Lee Jae-myung, who pledged to support young traders and expand pro-crypto policies. FSC Launches Fee Structure Review On June 19, South Korea’s Financial Services Commission (FSC) revealed plans to probe transaction fees levied by domestic exchanges. The regulator aims to determine whether the current fee structures place an excessive financial burden on users and how they compare to international…

Dogecoin (DOGE) is showing signs of resilience despite heightened geopolitical stress and a fragile macroeconomic backdrop. After falling sharply during the latest market selloff, the popular memecoin bounced 4.7% from an intraday low of $0.164, closing near $0.171. While price action suggests short-term stabilization, technical and sentiment indicators are flashing mixed signals. Oversold Technicals Meet Bullish Sentiment Key technical metrics suggest DOGE may be entering oversold territory, with the Relative Strength Index (RSI) at 33.29, just above the critical 30 level that often signals a potential reversal zone. Despite the recent volatility, LunarCrush data shows 86% of social sentiment is…

Sol Strategies, a Canadian investment firm focused on the Solana (SOL) ecosystem, is making a bold move toward broader market exposure. The company announced this week that it has filed Form 40-F with the U.S. Securities and Exchange Commission (SEC), aiming to list its shares on the Nasdaq Stock Exchange under the ticker STKE. This strategic step could significantly boost the company’s visibility and investor base, as Nasdaq is the second-largest exchange globally, with a market capitalization of over $30 trillion. Stock Surges Following SEC Filing Following the SEC announcement, Sol Strategies’ shares saw a 4.39% gain on Tuesday, closing…

SUI, the native token of the Sui blockchain, saw a sharp intraday reversal following an attempted breakout near $2.82, ending a turbulent 24-hour trading window characterized by elevated volume and whipsaw volatility. Despite briefly pushing as high as $2.92, the token ultimately closed near $2.78, reflecting a nearly 4% drop from its intraday peak. Intraday Swings Highlight Volatile Sentiment SUI traded within a 7.3% intraday range, fluctuating between $2.71 and $2.92. Early-session strength faded quickly after price action hit a firm resistance near $2.82, which triggered a swift reversal and exposed short-term bullish momentum as fragile. Trading Volume Surges Above…

Ethereum (ETH), Solana (SOL), and other major altcoins are under renewed selling pressure amid mounting geopolitical uncertainty, as U.S. officials reportedly consider direct military action against Iran. Fears of escalation are pushing traders into stablecoins and Bitcoin, leaving high-beta assets like altcoins exposed to sharp downside. Altcoins Drop as Risk Appetite Evaporates On Thursday, key altcoins posted notable losses: This weakness underscores a broad altcoin rotation as investors reduce exposure to higher-risk digital assets in the face of rising macroeconomic and geopolitical risks. Bitcoin ETFs Attract Capital as Fear Spikes In contrast to altcoin outflows, Bitcoin ETFs saw $389 million…