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Toncoin remained under pressure as cryptocurrencies rebounded and as its on-chain data improved. Toncoin (TON) was trading at $5.35 on Saturday, down by more than 35% from its highest level last year. It has lagged behind other cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) which have jumped to a record high this year. On-chain data … Read more
Intensifying its grip on crypto activities yet again, China introduced new foreign exchange rules that impose stricter scrutiny on crypto transactions. According to a report from the South China Morning Post on 31 Decmeber 2024, banks are expected to monitor and report “risky foreign exchange trading behaviours.” This includes underground banks, cross-border gambling and illegal … Read more
Key Takeaways Russian companies are using Bitcoin to bypass Western sanctions for international payments. Starting 2025, Russia will ban crypto mining in several regions to manage energy consumption. Share this article Russia is using crypto assets and Bitcoin as a workaround to Western financial sanctions. Finance minister Anton Siluanov said Wednesday that companies in the … Read more
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