ChainCatcher news, ten regions in Russia will completely ban cryptocurrency mining starting January 1, with three additional regions implementing partial bans. The government decree was passed on December 23, stipulating a complete ban on mining from January 2025 to March 2031. In the other three regions, mining will be partially restricted during each heating season (from November 15 to March 15 of the following year, excluding the first year starting from January 1, 2025) until 2031.Russian Deputy Prime Minister Alexander Novak stated at the end of December that the number of regions banning cryptocurrency mining could increase if requests are received from governors. Authorities in the Republic of Khakassia have already asked the Ministry of Energy to restrict mining activities in the region.

ChainCatcher news, the second session of the "Zhen" series events hosted by ChainCatcher and RootData was held today in Hong Kong. This session invited several industry Builders and investors to discuss the theme of "New Cycle and New Narrative." In a roundtable discussion titled "Consensus, Reverse Thinking, and Long-termism," RootData partner Hunter, Blofin CEO Matt, UXUY Protocol co-founder Jordan, [Yuanwang Capital](https://www.rootdata.com/zh/Investors/detail/iVision Ventures?k=MzMy) founding partner Tian Hongfei, and zkLink co-founder Vince Yang discussed the current cycle of cryptocurrencies, future narrative trends, hidden crises in the market, and signals of market recovery.In addition, several guests expressed that Hong Kong is a hub for high finance, IT talent, and capital in the development of the crypto market and risk control of crypto assets. Furthermore, users should conduct thorough research when investing in crypto assets to guard against high-return investment products like Terra.