According to the court, Yi had engaged in illegal business dealings with Bitcoin miners, using his position as a government official to facilitate the transactions and enrich himself. These activities reportedly took place between 2017 and 2021, and it is not clear if they are connected to the corruption charges Yi faced. The court sentenced…

Cryptowiky

12.07.2023

Cryptocurrencies on the Rise in Russia in 2023? – cryptowiky

Sanctions and international pressure may be driving the adoption of cryptocurrency in Russia, according to Yuri Myshinsky, the president of the Digital Transformation Association. Myshinsky noted that the country's relationship with cryptocurrencies has been somewhat "contradictory" in the past. However, he believes that the current measures will likely stimulate the growth of the sector. Russian…

Cryptowiky

12.07.2023

Turkish Central Bank Makes First Digital Lira Transactions. – cryptowiky

The Central Bank of the Republic of Turkey (CBRT) has completed its first trial of its central bank digital currency (CBDC), the digital Turkish lira. In a press release on December 29, the central bank stated that, "As part of the first phase of the project, which was conducted under the direction of the [CBRT],…

Cryptowiky

12.07.2023

Bitcoin Bull Market Unlikely to Return Before 2025, According to Canaccord Genuity. – cryptowiky

The bull market for Bitcoin is unlikely to return before 2025, according to Canaccord Genuity. After three consecutive years of positive returns, Bitcoin (BTC) and cryptocurrency prices have plummeted in 2022. The world's largest digital asset is down about 65% since the beginning of the year (YTD) as central banks have had to respond aggressively…

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Former Fuzhou City Communist Party Secretary Admits to Facilitating Illegal Bitcoin Mining Deals – cryptowiky

Cryptocurrencies on the Rise in Russia in 2023? – cryptowiky

Turkish Central Bank Makes First Digital Lira Transactions. – cryptowiky

Bitcoin Bull Market Unlikely to Return Before 2025, According to Canaccord Genuity. – cryptowiky

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