Analysis Daily TheBitTimes.com

Rosfinmonitoring is conducting hundreds of investigations into cases involving Cryptocurrencies , the head of the agency announced. Hundreds of thousands of Russia ns take part in Crypto deals abroad, the top regulator also reported to the Russia n President . Russian Authorities Initiate 20 Criminal Cases Linked to Crypto Assets The Federal Financial Monitoring Service of the Russian Federation, also known as Rosfinmonitoring, is trying to unravel around 400 cases in which cryptocurrencies are involved. The agency’s director, Yury Chikhanchin, revealed the number during a meeting with President Vladimir Putin. The financial watchdog is working on them together with representatives of the Ministry of Internal Affairs (MVD) and the Federal Security Service (FSB), the high-ranking official noted. Law enforcement authorities have already initiated 20 criminal cases related to digital assets, he also said. Commenting on the volume of the crypto turnover registered by hi...

A bathhouse in Brooklyn has left users on Instagram and Twitter divided after it revealed that it is using bitcoin mining rigs to heat its spa.  Bathouse posted its heating method — not to be confused with bitcoin mining pools — to Instagram on Wednesday, describing in three steps how the excess heat from its mining rigs is being used to raise the temperature of its pools. Step 1: Mine Bitcoin. Mining uses electricity for computing power and generates heat as a byproduct. Step 2: Send the heat generated by the miners to heat exchangers and heat our pools. Step 3: Enjoy a hot pool while supporting the Bitcoin network . The pools absorb the heat and circulate cool liquid back to the miners. The process repeats forever. New York’s Bitcoin mining ban bill one step closer to passing Read more: Bitcoin mining in Niagara Falls goes ‘brrr’ in all the wrong ways Users split on Bitcoin spa Instagram users who follow the Bathhouse account weren’t all sold on t...