While the websites are now blocked, their mobile apps remain available for download and use. This raises questions about how effectively the restrictions can be enforced.
Over the past month, $XRP has skyrocketed by 352%. It is now trading at $2.28, up over 20% in just 24 hours and 70% in the past week.
According to analysts, the Kremlin is trying to find a balance between regulating the industry and allowing it to grow.
While Bitcoin remains a key focus, altcoins are carving out their own space in the recovery, signalling a more diverse market ahead.
In a bid to become a crypto hub, the city has proposed tax exemptions on profits from cryptocurrency investments for hedge funds, private equity firms, and family offices.
Bitwise’s proposed ETF aims to simplify crypto investing by allowing people to gain exposure to both Bitcoin ($BTC) and Ethereum ($ETH) without owning the assets directly.
Mass investor exodus, ETF outflows, Mt. Gox repayment concerns, and market-wide declines has fuelled a bearish sentiment for Bitcoin.
After several weeks of upward momentum, the cryptocurrency market has recently seen a notable decline. Its overall market capitalisation has decreased by more than 3% in a single day.
Recently, Ethereum has experienced a bullish surge, crossing the crucial $3,000 mark. This uptick is largely due to major stakeholders withdrawing and staking significant amounts of $ETH.