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Igor Runets, the entrepreneur behind one of Russia’s biggest Bitcoin farms, was taken into custody Friday as tax investigators moved in on his company. The move shocked many in the mining world because BitRiver runs huge data halls in Siberia and has been a visible player since the early 2020s. Runets Held As Tax Case Advances Based on reports, Igor Runets was detained on January 30, 2026, and charged the next day with several counts tied to hiding income and assets from tax authorities. A Moscow court later set conditions that would place him under house arrest starting February 4 unless his legal team overturns that order. The limits on his freedom are now expected to complicate how BitRiver manages day-to-day decisions. BitRiver Under Strain BitRiver contracts out space, power, and cooling to big mining clients. Those deals matter because mining runs on tight margins and steady power. Reports note the firm has already dealt with sanctions from the US Treasury back in 2022 ...

Russia’s biggest crypto mining company is under renewed scrutiny after authorities detained BitRiver founder and CEO Igor Runets on multiple tax evasion charges, deepening the legal and financial pressure on a firm already constrained by sanctions and operational setbacks. Related Reading: With Bitcoin Below $80K, ARK Reframes The Narrative Around Gold The case, which is being handled by a Moscow court, has drawn attention to the risks facing large-scale crypto miners operating at the intersection of energy, regulation, and geopolitics. According to reports from Russian outlets RBK and Kommersant, Runets was detained late last week and formally charged with three counts of alleged tax evasion. Court filings indicate that the Zamoskvoretsky Court of Moscow ordered him placed under house arrest, a measure that restricts his movement while investigators proceed. His legal team has a limited window to appeal the ruling before it becomes fully enforceable. Court Case Adds Pressure On ...

A viral post on the social media platform X recently claimed that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, just sold 10,000 BTC. An attached screenshot purported to show on-chain data supporting the claim, and the rumor quickly garnered attention on the social media platform.  The ramifications of such a sale are huge because Nakamoto’s stash is untouched going back to the earliest days of Bitcoin mining. However, a closer look into blockchain records tells a very different story. Investigating The Rumor Of Satoshi Nakamoto’s Bitcoin Sale According to a post on X by a crypto account with the username Discover, Satoshi Nakamoto recently moved 10,000 BTC from its long-dormant wallet. The report suggests that over $760 million worth of Bitcoin had been sold by its creator, a move that could cause further harm to its price action, which is already fragile and trading with prevailing bearish momentum. The image shared with the rumor appears to be taken from Arkham Int...

A sharp hit to risk markets left crypto with heavy losses over the weekend. Reports say roughly $250 billion was wiped from combined market value as investors pulled back. Some of the selling hit Bitcoin hard. Others said it spread to tech stocks at the same time. Bitcoin Faces A Confidence Test Bitcoin has been searching for a base. As of today, it slipped below $80,000 and is down about 40% from the 2025 high above $126,000. Traders and on-chain trackers show weaker buying pressure. Retail interest has cooled. Large outflows from spot ETFs have been recorded, and momentum has been lost across several indicators. Support near $73,000–$75,000 is now the zone many are watching, while some market participants expect more stops to be run before calm returns. Markets Are Moving Together Analysts note that Software-as-a-Service stocks and Bitcoin fell in tandem. That matters because both depend a lot on hopes about future growth; they tend to be hurt first when money gets tight. Go...

Cardano founder Charles Hoskinson said he plans to sell a Blackhawk helicopter and multiple Lamborghinis and “mothball” his jet, framing the decision as a personal reset and a critique of how crypto’s culture changed after the 2021 boom. Speaking in a Jan. 31 video recorded from Fukuoka, Hoskinson opened with a market-watcher’s morning ritual and a broader question about what’s still under an industry participant’s control when prices turn against them. “I sat down,” he said, “and I said, ‘Gosh, you know, how did we get here?’” He described the mood as one of reflection after seeing “the markets and the red lights” on his phone. Why The Cardano Founder Is Selling His Wealth He tied that reflection to a multi-stop community tour across Japan, saying his team had recently presented in Hokkaido and Osaka before arriving in Fukuoka, and urged viewers to watch the latest Japanese community livestream. The trip, he suggested, pulled him back to the early days when Cardano was “just an ide...

Bitcoin and the general cryptocurrency market have continued their struggles, as prices took a nosedive this weekend. On Friday, January 31, it seemed like the crypto market was gearing for another slow-action weekend as prices somewhat steadied after Thursday’s bloodbath . However, the market has completely gone against the trend this weekend, with Bitcoin and the other large-cap digital assets falling by almost double digits on Saturday. Here is a look at the factors behind this steep decline and the immediate outlook for crypto prices. Why Bitcoin And Crypto Prices Dropped This Weekend Following Bitcoin’s initial descent to $81,000, different reasons, ranging from geopolitical tensions to the FOMC’s decision to keep the interest rates unchanged, swirled around. However, the continuous decline of prices, even during the typically sluggish weekend, suggests that other factors are at play. In a new post on the social media platform X, prominent financial markets commentator The Kob...

OKX CEO Star Xu has publicly accused Binance of being central to the October 10 crypto market crash that wiped out tens of billions of dollars, causing damage that many described exceeded the fallout from the FTX collapse in 2022. Star Xu: Binance USDe Marketing Responsible For October 10 Crash In a detailed statement on X, Star Xu said the October 10 sell-off was not a complex or mysterious market event, but the direct result of “irresponsible marketing campaigns,” which now appears to have fundamentally altered crypto market microstructure. On this particular day, Bitcoin experienced a 16.5% flash crash, falling from $121,000 to $101,000. According to Xu, the trigger for such a negative event was Binance’s temporary user-acquisition campaign offering up to 12% APY on USDe, while allowing the asset to be used as collateral on the same footing as USDT and USDC, with insufficient limits. Xu explained that USDe is not a conventional stablecoin but rather a “tokenized hedge fund produc...