Bitcoin Will be Legal, Mining to See Regulation: Russia’s Deputy Finance Minister

Russia’s deputy finance minister Alexei Moiseev has reportedly stressed that buying bitcoin and other cryptocurrencies will be legal in the country. The Russian government will not outlaw nor punish buying or selling cryptocurrencies, Moiseev revealed according to RT. However, the official underlined a stricter stance toward mining, suggesting a mandatory registration of cryptocurrency miners who would be limited to ‘legal entities and individual entrepreneurs.’ For others, cryptocurrency mining could be criminalized. Operators who mine cryptocurrencies for the creation of a financial pyramid or for the purposes of avoiding tax will…

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Bitcoin News 

Bitcoin Mining Marketplace NiceHash Hacked: $62 Million Stolen?

A hacker successfully breached cryptocurrency mining marketplace NiceHash, resulting in the theft of up to $62 million worth of bitcoins. The NiceHash website had gone offline earlier in the day, which the company had chalked up to maintenance. However, the team revealed the true nature of the outage through an announcement posted on the service’s social media channels, confirming users’ worst fears after hours frenzied speculation. “Unfortunately, there has been a security breach involving NiceHash website,” the company wrote, adding that it was freezing all operations for at least the…

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