Kazakhstan Financial News

08.02 / 15:51

Energy Tax Bitcoin Crypto miners New Taxes Await for Kazakhstan’s Beleaguered Bitcoin and Crypto Miners

The government of Kazakhstan has unveiled a package of measures aimed at further taxing the nation’s Bitcoin (BTC) and crypto mining sector. The measures will involve tax hikes on electricity, a crackdown on unregistered miners, a tax on mining hardware, and the introduction of VAT charges on mining-related equipment sales.

08.02 / 07:49

regulation Bitcoin Power Crypto miners Kazakhstan proposes power price hikes and taxes targeting crypto miners

The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.

06.02 / 05:23

Blockchain Adoption Asia Bitcoin All eyes on Asia — Crypto’s new chapter post-China

A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s Kimchi premium and Bitcoin (BTC) arbitrage opportunities, the region is playing a role in defining crypto’s development pathways and anchoring its future.

02.02 / 13:31

Ethereum Cybersecurity Google Chrome Hodlers beware! New malware targets MetaMask and 40 other crypto wallets

Security was never the strong suit of browser-based crypto wallets to store Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. However, new malware makes the safety of online wallets even more complicated by directly targeting crypto wallets that work as browser extensions such as MetaMask, Binance Chain Wallet or Coinbase Wallet.

30.01 / 18:45

Blockchain IPO Texas Bitcoin Bitcoin miners believe global hash rate to grow ‘aggressively’

Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months.

29.01 / 18:09

cryptocurrency Binance Reuters Progressive Binance Bullish On Russia For Regional Growth

Binance plans to expand in Russia to push its regional growth

27.01 / 00:05

Forecast MARKET Mining Bitcoin analysts Hashrate Analysts See Slower Bitcoin Hashrate Growth in 2022 Amid Market Correction

The Bitcoin (BTC) network’s hashrate – or computing power that goes into mining new coins – could reach 327 EH/s by the end of the year, a research note from the crypto-focused financial services firm BitOoda has predicted, after the firm cut an earlier forecast for the year.

25.01 / 19:13

Mining Asia Bitcoin Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts

Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”

25.01 / 16:59

business Adoption Bitcoin NOT Russian finance ministry official calls for crypto regulation, not restriction

In surprising comments made by the Russian director for financial policy, Russia could be softening its stance toward crypto. Ivan Chebeskov, a director within the Ministry of Finance, has come out in support of regulating crypto rather than banning it.

23.01 / 20:27

COST BTC Bitcoin Power regulatory Post-regulatory crackdowns, power grid outages, here’s where Bitcoin mining is heading

Erik Thedéen, the Vice-chair of the European Securities and Markets Authority, recently recommended a ban on proof-of-work mining in the EU. Citing its impact on Sweden, he stated,

22.01 / 15:56

Ethereum cryptocurrency Bitcoin Crash Bitcoin The massive crypto sell-off : Markets wipe off $1 trillion since November 2021

The year 2022 till now hasn't been particularly kind to the cryptocurrency market. Since the start of this year, Bitcoin has been down 16 percent and Ethereum tumbling 22 percent. And this southward trajectory continued for Bitcoin and other coins yesterday as well, when Bitcoin slumped to its lowest levels in the last 5 months, presently trading at $35,017.4. The second dominant crypto Ethereum is not faring so well, either, currently trading at $2,451.47.

22.01 / 02:17

BTC BLOCK Platform Bitcoin Mining Difficulty ATH Bitcoin mining difficulty reaches ATH despite liquidations worth over $292m

The entire cryptocurrency market at press time is bleeding profusely. The total market capitalization declined by almost 11% over the past 12 hours. The massive slump resulted in a loss of around $233 billion sending the total market cap. Thereby, plunging below $2 trillion for the first time since late September.

21.01 / 23:15

Adoption regulation European Union Bulgaria's finance minister says country is exploring crypto payment options: report

Assen Vassilev, Bulgaria’s Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism.

20.01 / 17:37

cryptocurrency regulation Ban Russian Central Bank Proposes Crypto Use and Mining Ban

The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.

19.01 / 22:23

Art Protest Kazakhstan president fires defence minister following protests

Kazakh president Kassym-Jomart Tokayev has dismissed the country's defense minister in the wake of unprecedented demonstrations.

19.01 / 04:49

regulation Bitcoin Georgian citizens made to swear an oath to stop mining crypto

Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining.

18.01 / 22:17

Government Asia Bitcoin network Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut down its internet services due to unprecedented political unrest sparked by rising fuel prices in the country.

18.01 / 17:51

Bitcoin Kazakhstan's bitcoin 'paradise' may be losing its lustre

Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. The government web shutdowns during an explosion of unrest in the country, the world's second-largest centre for mining, caused bitcoin's global computing power to drop around 13% as data centres used to produce the cryptocurrency were knocked offline. Alan Dorjiyev of the National Association of Blockchain and Data Center Industry in Kazakhstan, which represents 80% of legal mining companies in the country, said most crypto producers were now back online.

16.01 / 19:49

Eco-friendly Russia behind website-defacing cyberattack, Ukrainian officials claim

Ukraine said Sunday that Russia was behind a cyberattack that defaced its government websites and alleged that Russia is engaged in an increasing “hybrid war” against its neighbour.

16.01 / 19:17

Eco-friendly Group arrested in Poland is accused of multi-million-euro migrant trafficking operation

Polish border guards have detained several people accused of trafficking migrants from the Polish-Belarussian border towards western Europe.

16.01 / 11:29

Volcanoes Venice News 'Deeply disappointed': Djokovic loses final Australia visa appeal

An Australian court dismissed Novak Djokovic’s appeal against a deportation order on Sunday, dashing the top-ranked tennis star’s hopes of playing at the Australian Open.

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