DeFI News by Thebittimes.Com

1. Russian President Putin Signs Law Officially Legalizing Cryptocurrency Mining link Russian President Vladimir Putin has signed a bill officially legalizing cryptocurrency mining. The law introduces new concepts such as digital currency mining, mining pools, mining pool infrastructure operators, address identifiers, and individuals organizing mining pool activities. Mining is considered part of circulation rather than the issuance of digital currencies. Only registered Russian legal entities and individual entrepreneurs are authorized to engage in mining, while individuals who do not exceed government-set energy consumption limits can mine without registration. Additionally, foreign digital financial assets can be traded on Russian blockchain platforms, and the Russian Central Bank has the authority to prohibit individual issuances if financial stability is threatened. The law will take effect ten days after its official publication. Putin described this as a promising economic secto...

Forty countries participating in the Counter Ransomware Initiative have agreed to stop paying ransoms demanded by cybercriminals, according to a senior White House official on Tuesday. Led by the US , the Counter Ransomware Initiative is an alliance launched in 2021 that now includes 48 nations, including Canada, A US tralia, Germany, South Korea, Japan, the UK, Kenya, Uruguay, Israel, and Ukraine. This year’s meet, hosted in the White House, has solidified a plan to counter the concerning increase in cyberattacks. The US is apparently the target of 46% of all ransomware attacks, according to the US deputy national security adviser for cyber and emerging technologies, Anne Neuberger. “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” she told reporters in a virtual briefing. Neuberger cited the recent cyberattack on cleaning product giant Clorox and attacks on Minneapolis public schools while describing the ...