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EU carbon taxes push bitcoin mining operations to shift to Russia for cost savings.

Market News
23 Aug 2026
Bitcoin
View Source
Bearish
EU carbon taxes push bitcoin mining operations to shift to Russia for cost savings.

A study by Vietnamese researchers found that strict carbon pricing in the EU is causing bitcoin mining operations to shift to Russia, where there are no carbon taxes. This shift is operational rather than physical, with companies turning off mining rigs in the EU and activating them in Russia to maximize profits during high carbon price periods. However, new Russian crypto mining bans starting in 2025 may limit this trend. The study highlights the impact of carbon regulations on the geographic distribution of bitcoin mining activities.

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BNB price remains sideways near $767 ahead of the 37th quarterly token burn in mid-October 2026

BNB price remains sideways near $767 ahead of the 37th quarterly token burn in mid-October 2026

BNB is trading around $767 as of early October 2026, about 44% below its record high of $1,370 from October 2025. The 37th quarterly burn of BNB tokens, scheduled for mid-October, will reduce supply but is a routine event already priced in by the mar...

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German draft bill may end SHIB's tax-free gains after one year from 2027, impacting investors' purchase timing.

German draft bill may end SHIB's tax-free gains after one year from 2027, impacting investors' purchase timing.

A German draft bill proposes changing crypto tax rules from 2027, treating gains as investment income without the current one-year tax-free holding period. SHIB holders face a critical deadline: tokens bought before December 31, 2026, keep the one-ye...

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Four major Korean banks join Ripple at XRP Seoul 2026, highlighting growing crypto adoption in finance.

Four major Korean banks join Ripple at XRP Seoul 2026, highlighting growing crypto adoption in finance.

At XRP Seoul 2026, four South Korean banks—Kbank, Kyobo Securities, Woori Bank, and Jeonbuk Bank—shared a panel with Ripple, signaling increased collaboration between traditional finance and crypto technology. Kbank is advancing cross-border remittan...

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PONS automates buyback and burn with bot rewards after community concerns

PONS automates buyback and burn with bot rewards after community concerns

PONS has automated its buyback and burn process, allowing users to run a bot and earn small rewards. Funds arrive every seven days, with buybacks and burns occurring over the following week at a rate of 2e per hour, aligned with about $950,000 in the...

Protocol Fundamentals
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Snap Inc. shifts to self-funded growth with strong subscription surge and improving cash flow.

Snap Inc. shifts to self-funded growth with strong subscription surge and improving cash flow.

Snap Inc. is moving from a capital-consuming business model to self-funded growth, driven by rapid subscription revenue growth and better free cash flow. Subscription revenue jumped 84.7% year-over-year to $316.5 million in Q2 2026, showing significa...

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