The new laws, which will take effect in September for cross-border payments and in November for cryptocurrency mining, will enable Russian businesses to use cryptocurrencies for international trade and authorize approved entities to mine digital assets.

Fred Thiel, CEO of Marathon Digital, a U.S. cryptocurrency mining company, said that Bitcoin mining is a national security issue. Russia has mined 54,000 bitcoins under U.S. sanctions, and the Putin government has received huge tax revenue.

There are so many projects in the DeSci track? It is better to screen projects from the perspective of entrepreneurs.

BitFuFu achieved total revenue of $129.4 million in the second quarter of 2024, an increase of 69.7% from $76.3 million in the same period of 2023.

Beijing-based Zhipu AI has achieved a $2.8 billion valuation with new funding led by a state-backed investment entity. The company is advancing its large language models and forming strategic partnerships, including a new collaboration with Honor to enhance AI services.

Signed by Putin, Russia's new legislation imposes stricter controls on cryptocurrency mining, permitting only registered entities to operate and enforcing regional restrictions. It allows local authorities to temporarily shut down mining rigs during power shortages and strengthens government monitoring to combat money laundering and terrorist financing.

CleanSpark's acquisition of seven Tennessee mining facilities marks a significant expansion, increasing its Bitcoin mining capacity and solidifying its market presence.

This article explores how the tokenization of real-world assets is transforming the financial industry through blockchain technology, and showcases the latest global trends and the impact of key players.

Russian authorities seized 238 illegal mining rigs in Irkutsk, raising concerns about the misuse of residential electricity and power grid disruptions in a region known for its cryptocurrency mining.

China-founded fast-fashion giant Shein has garnered praise from state media as a transformative force in the country’s garment supply chain.