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August 27th - According to the latest MLCC industry research from TrendForce, South Korean giant Samsung Electro-Mechanics has recently taken the lead in raising prices for its OEM and ODM customers in the fourth quarter of 2026, signifying that the MLCC industry has officially entered an upward trend. TrendForce predicts that Samsung Electro-Mechanics will raise the average price of its consumer-grade X5R products by 25% to 30% for OEM and ODM customers, thereby curbing order placement and freeing up capacity to expand its high-end production lines. The price increase for its high-end X6S products used in AI servers will be negotiated with customers, with an average increase of 10% to 20%. Japanese giants Murata, Taiyo Yuden, and Kyocera are currently taking a wait-and-see approach, maintaining stable prices. Whether they follow suit with price adjustments will be key to observing whether the upward trend can expand.On August 27th, Ajith Nair, Chief Investment Officer of Isio Investment Management, stated that the Jackson Hole symposium may not focus too much on immediate policy decisions, but rather on the long-term direction of monetary policy, central bank policy thinking, and its impact on investors. "While the market will naturally focus on interest rates, this years more noteworthy event is Warshs first appearance as Federal Reserve Chairman at Jackson Hole, and what his vision for the future of the Fed might reveal," Nair pointed out. He added that one of the most noteworthy changes under Warshs leadership is his apparent desire to reduce market reliance on Fed forecasts and policy path predictions, and this Jackson Hole symposium may further reinforce this approach.On August 27th, it was reported that MTN Group, Africas largest mobile operator, will partner with Dubai billionaire Tariq Al Ashram to develop data centers in Africa. Al Ashram stated that he will invest through his investment company in the newly established Africa Data Hub Holding joint venture. Africa boasts the worlds fastest-growing and youngest population, but has fallen behind in the global race to build local AI computing power. According to the World Economic Forum, Africa possesses less than 1% of the worlds AI data center computing power. However, Al Ashram stated that Africa now presents "equally attractive opportunities," similar to the development experienced by the Middle East over the past few years. MTN CEO Mupita said on Tuesday that they will initially build 150 megawatts of AI data center computing power. The joint venture plans to build data centers in Nigeria and South Africa to handle MTNs own workloads, while also leasing computing power to hyperscale cloud service providers, other enterprise customers, and governments.SAP SE (SAP.N) shares rose 2.4% in pre-market trading, influenced by earnings reports from Salesforce and CrowdStrike.Bank of Japan Deputy Governor Ryozo Himino: There is no need for a comprehensive data assessment of the impact of past interest rate hikes before raising interest rates.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.

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