The Russian government has drafted new legislation that edges the embattled nation one step closer to accepting Bitcoin and other cryptocurrencies for international trade. According to a report from Russian news outlet Tass, Russia's Ministry of Finance and its central bank have agreed on a draft bill allowing crypto payments…

MicroStrategy has just announced that it has bought another $190.5 million worth of Bitcoin. The bitcoin-accumulating business-intelligence software company revaled it bought another 4,167 BTC. MicroStrategy said in a statement Tuesday that the purchases took place between Feb. 15 and April 4. The Virginia-based firm paid an average of $45,714 per…

A top Russian government official has just announced that Russia is to begin accepting payments in Bitcoin for its oil and gas exports. Pavel Zavalny, Chairman of the Committee of the State Duma of the Russian Federation on Energy, said that Russia will take Bitcoin while discussing how Russia might…

The Russian government and central bank have agreed to treat Bitcoin and other cryptocurrency assets as official forms of currency, according to reports. A new announcement from the Kremlin confirms that Russia’s government and central bank are now working on a draft law that will define cryptocurrencies as an “analog…

Bitcoin will finally break out and return back above $40,000 before Monday, a leading cryptocurrency analyst is predicting. Crypto trader Justin Bennett says Bitcoin looks poised to rally above $40k after sinking to $33,500 on Jan. 24. “If Bitcoin can break above these highs, right around $37,500, if we do…

An official in Russia's finance ministry has revealed that the Russian government does not plan to ban Bitcoin and cryptocurrencies, as reported last week. Despite previous remarks from Russia's central bank last week, the Russian director for financial policy could be softening its stance toward crypto. Ivan Chebeskov, a director…

Russia's government is banning all Bitcoin and cryptocurrency use across the country, including transactions, mining, and circulation, according to reports. The plan was revealed on Thursday by Russia's central bank, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty. The Russian central bank argues that cryptocurrencies are…

Block founder and former Twitter CEO Jack Dorsey has just announced the launch of a "Bitcoin Legal Defense Fund" that seeks to protect developers from lawsuits. Dorsey revealed that the fund aims to protect embattled Bitcoin developers from legal threats that imperil their ability to develop new projects on the…

Bitcoin will dominate the cryptocurrency market in 2022, with BTC outpacing traditional stocks thanks to the U.S. Federal Reserve's new policies, according to a new report. New analysis by Bloomberg’s Mike McGlone says Bitcoin is going to continue its meteoric rise this year, despite the recent plunge from all-time highs. Bitcoin is expected to…

During the first week of the year, cryptocurrencies suffered a total outflow of value equivalent to $207 million, according to a report by digital assets hedge fund CoinShares. The report indicates a persistent bearish outlook for January. This is the fourth straight week of outflows, now totaling $465 million and…