News

Bitcoin has begun to decline sharply for the first time since Donald Trump won the U.S. presidential election, following a failed attempt to reach the $100,000 mark, Yahoo reports.

Companies in Russia's mining industry have reported that the demand for cryptocurrency mining equipment in the country has increased two to three times. This information is highlighted by the publication Kommersant, citing responses from surveyed participants.

The Bank of Russia intends to discuss the creation of a mobile application for transactions with the digital ruble with participants in the financial market, according to Vedomosti.

The Texas Public Utility Commission (PUCT) has mandated that miners connected to the state's Electric Reliability Council (ERCOT) network register all their mining installations. This information was reported on the PUCT website.

On Saturday, November 2, the price of Wrapped Bitcoin (wBTC) plummeted to $5,204 on the cryptocurrency exchange Binance.

The Federal Tax Service (FTS) of Russia has received approximately 150 applications for registration in the new cryptocurrency mining registry since November 1. This was reported by the head of the service, Daniil Egorov, according to RBC.

The launch of the first nuclear power plant (NPP) in Belarus has allowed for the development of incentive tariffs for electricity and has facilitated the growth of mining in the country.

On Friday, November 22, Bitcoin reached a historic high, climbing to $99,300. The data was recorded on the Binance exchange.

Avik Roy, president of the nonprofit research center Foundation for Research on Equal Opportunity, expressed doubts about whether a strategic reserve in bitcoins could help the United States overcome its debt crisis. This is reported by Cointelegraph.

Justin Sun, the founder of the Tron cryptocurrency exchange, purchased the artwork "Comedian" by Italian artist Maurizio Cattelan at auction for $6.2 million, paying for the lot in cryptocurrency. This is reported by the RNZ portal.