Georgia Financial News

Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Georgia has said that proposals for a breakaway southern region to join Russia are "unacceptable" and "illegitimate".

A Bermuda court said Credit Suisse must pay billionaire Bidzina Ivanishvili about $555m for allowing a private banker to steal from the former Georgia prime minister and mismanage his money.

A Bermuda court said Credit Suisse must pay billionaire Bidzina Ivanishvili about $555m for allowing a private banker to steal from the former Georgia prime minister and mismanage his money.

A private Russian military contractor that has been accused of human rights abuses has deployed to eastern Ukraine, according to Britain’s Ministry of Defence.

Credit Suisse Group AG is expected to pay around $500m after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money.

Two Lithuanian MPs have called on the country to ban displays of the Russian military 'Z' symbol following its invasion of Ukraine.

Georgia cannot behave like a NATO member state as part of its territory is occupied by Russia, the country's head of state told Euronews.

The European Union has a “moral duty” to make Ukraine a member state and should consider using military force to counter Russian aggression, according to Kaja Kallas, the prime minister of Estonia.

Moldova has formally asked to join the European Union, a week after Russia invaded Ukraine.

Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BTC's carbon footprint.

Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian government’s standoff with the Freedom Convoy. The government’s invocation of emergency powers to put down a protest movement — combined with the movement’s financial infrastructure being one of the main attack vectors — has led many observers to appreciate with renewed vigor Bitcoin’s capacity to resist state financial censorship.

At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldwide for the World Bank’s ease-of-doing-business index — ahead of the United Kingdom and Germany.

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

European Commission chief Ursula von der Leyen said on Wednesday that gas supplies to the bloc are on the "safe side" for the remainder of the winter even if Russia further squeezes out deliveries.

The Bitcoin network made headlines this week after its hash rate managed to reach a new all-time high of 248.11 million terahashes per second. However, a slight drop was noticed on 14 February. Even so, there was strong support for a continued trend towards accelerated security on the network.

Emmanuel Macron hasn't officially declared that he's a candidate for April's presidential election yet.

The US Mayor who became known in the Cryptoverse as a Bitcoin (BTC) supporter and industry ally is now opposing crypto mining, citing high energy consumption. Meanwhile, a billionaire urges the state to get rid of BitLicense "right away."

Germany's gas reserves have fallen to "worrying" levels, the government admitted on Wednesday, amid tensions with Russia and a delay over approval of the new Nord Stream 2 pipeline.

marketplace Bakkt Holdings Inc. have dropped to all-time lows, wiping out about $10 billion in market value since reaching a record high following the firm’s much-touted public market debut in October. The platform, majority owned by New York Stock Exchange parent Intercontinental Exchange Inc., began trading in October after the close of a $2.1 billion SPAC deal. The shares rose as high as $50.80 shortly thereafter as cryptocurrency prices surged, pushing the exchange’s market value to around $11 billion. Bakkt, which fell as low as $3.31 on Friday, ended the week at $3.61. Bakkt’s stock has steadily dropped as losses and roiling markets pushed investors to take cover. The market value sank below $1 billion this week for the first time.