Taiwan’s financial sector is known for its conservative outlook, and rich pools of foreign reserves — the fifth largest in the world coming in at $546 billion for a country of 24 million. But because of the industry’s conservative outlook and strict regulatory environment, it isn’t considered a regional financial hub, as are its neighbors […]

Russia’s top domestic intelligence agency says REvil – the Russia-based ransomware gang tied to the Colonial Pipeline attack – has “ceased to exist” after the agency arrested 14 alleged members of the criminal organization last week. The Federal Security Service (FSB) raided 25 residences tied to REvil, seizing approximately $6.8 million in various currencies – […]

ARK Investment Management, the firm led by star manager Cathie Wood, predicts that bitcoin’s price could exceed $1 million by 2030 as the cryptocurrency’s global usage is still only in its early days. “Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt [it] as legal tender,” […]

Kazakhstan crypto miners will have their energy supply cut off from Jan. 24 until the end of the month, three people in the local industry told CoinDesk. A memo from national grid operator KEGOC, dated Jan. 21 and seen by CoinDesk, said that “the planned supply of electricity to persons engaged in digital mining is […]