The blocking of Russians and the fall of bitcoin. The main events of the week

The blocking of Russians and the fall of bitcoin. The main events of the week
Google starts accepting payments in cryptocurrency, NFT of popular blogger devalued from $623 to $10, Binance launched a $500 million mining support project and other events of last week

Monday
Bitcoin mining difficulty rose 13.5% and broke the previous record

This is the strongest increase since May 2021. Cryptocurrency mining complexity rises as computing power increases

Canadian NFT-marketplace blocked the accounts and assets of Russians

The Dapper platform has closed the possibility to sell, change and withdraw tokens for Russian citizens. Now they can only be viewed in their personal accounts

Tuesday
Cryptocurrency exchange Bittrex was fined $29 million for violating sanctions

The platform was accused of years of violating user and jurisdiction vetting requirements

Google will start accepting cryptocurrency payments

By integrating the services of one of the largest crypto exchanges, some customers of the digital giant will be able to pay with virtual assets for cloud services

Popular blogger's NFT depreciated from $623,000 to $10

YouTube star Logan Paul bought a non-interchangeable token in 2021 that then plummeted in value by 99%

Wednesday

Kazakhstan approved in the first reading a bill on the legalization of mining

The document will create a legal framework for the production and circulation of digital assets

Thursday
Bitcoin updated quarterly low after U.S. inflation data release

The value of the first cryptocurrency failed to hold at $18.6 thousand and continued to decline

Hackers have stolen $718 million worth of cryptocurrencies since the beginning of October

October was the most "fruitful" month for hackers in 2022, although it is not over yet

Friday
Blockchain.com wallet warned about blocking users from Russia

The company offered customers to withdraw their funds until October 27, after which the accounts will be closed

Mango protocol hacker recovered $8 million of stolen funds

The return of tokens was supposed to be decided by a vote. But the amount arrived in the crypto-platform's account before the final decision was made

Binance has launched a $500 million mining support project

The platform will provide loans for the development of the industry. The company also intends to launch cloud mining products

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