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Russia Confirms No New Crypto Mining Bans as Energy Grid Remains Stable
Russia has confirmed that it will not introduce new cryptocurrency mining bans, despite speculation about further restrictions in several regions. Officials say the national power grid is handling demand, and no regional governors have asked for additional measures. The Russian Ministry of Energy has ruled out introducing new cryptocurrency mining bans in the near future. Andrei Maksimov, who heads the Electric Power Development Department, confirmed the decision during comments reported by RBC. Maksimov explained that Moscow has not received any new requests from regional governors for restrictions. He also ... (full story)
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From youtube.com/markets|Sep 21, 2025|1 commentFormer Treasury Secretary Lawrence H. Summers says the situation facing Powell’s Fed is unlike anything in modern history, and says the rate cut shifts the balance of risk more ...
From thinicemacroeconomics.substack.com|Sep 21, 2025The Trump administration seems to be pinning a great deal of hope on the expansion of stablecoin demand to fund the federal fiscal deficit – such demand is one of the major ...
From fxdailyreport.com|Sep 21, 2025Michael Saylor, Strategy’s Executive Chairman, has recently made a bullish prediction for Bitcoin’s growth. Hence, Michael believes that Bitcoin ($BTC) has considerable potential ...
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From thestreet.com|Sep 21, 2025Something big may be about to hit Bitcoin politics in the United States. At least, that’s the promise from Dennis Porter, co-founder and CEO of the Satoshi Action Fund, who has ...
From youtube.com/ausparliamentlive|Sep 21, 2025Committee Reference: Review of the Reserve Bank of Australia Annual Report 2024
From rba.gov.au|Sep 21, 2025Good morning, Chair and members of the Committee. These hearings are an important part of the accountability process for the Reserve Bank and my colleagues and I are pleased to be here to answer your questions. I’m pleased to see the new members of the Committee. As you would be aware, the RBA’s mission is to promote the economic prosperity and welfare of the Australian people, now and into the future. We do this by conducting monetary policy with the aim of maintaining low and stable inflation and full employment, and we also support the stability of the financial system. But our responsibilities go beyond this – we work to support a reliable, efficient and competitive payments system, deliver efficient and effective banking services to Australian government agencies and provide secure and reliable banknotes. There have been some important changes at the RBA since we appeared before the previous incarnation of this Committee in February. From 1 March, the amended Reserve Bank Act 1959 came into force, creating a new Monetary Policy Board and a separate Governance Board. And since we last met with the Committee, the Monetary Policy Board has lowered the cash rate target – our key monetary policy tool – by a further 50 basis points to 3.6 per cent, following the 25 basis point cut decided by the previous Board in February. I will start with some background to these monetary policy decisions and the outlook for the Australian economy. I will then make some remarks on the payments system and banknote distribution. I will finish off with an update on our progress towards achieving the objectives of the RBA Review. RBA Governor Bullock: excess demand could be higher in economy, labor market results may exceed expectations. RBA Governor Bullock: recent rate cuts to bolster spending RBA's Governor Bullock: made real progress in lowering inflation but our job is to ensure it remains within the target range in a sustainable manner RBA's Governor Bullock: also risk that recent pick-up in growth in domestic economic activity is not sustained
