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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia
24.12.2021
A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto...
Real Swiss Gold Can Now Be Held OnThe Ethereum Blockchain
16.12.2021
Through the Ethereum blockchain, SEBA Bank is all set to issue a digital token that will allow investors to assume ownership of all actual gold housed in Swiss vaults. The Swiss bank’s new offering is available as an ERC-20 token. I. e., it is kept and sold on the world’s second-largest...
5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply
13.12.2021
As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held...
Blockasset Pushes the Limits of NFTs and Fan Tokens, Empowers Sports
10.12.2021
On the 4th of November, one of Times Square’s Countdown screens lit up with artworks depicting five iconic sports heroes, Alexander Ovechkin and Muhammad Ali among them. The ‘LeGENds’ NFT drop was held by Blockasset: a Solana-based sports platform aimed at providing better...
Indian Prime Minister Narendra Modi to Take Final Decision on Cryptocurrency Regulation
10.12.2021
A high-level meeting is reportedly being held on cryptocurrency regulation in India and Prime Minister Narendra Modi will take a final decision on how India will regulate the crypto sector. All options are being discussed including full and partial regulation as well as a complete ban and a partial...
India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report
8.12.2021
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform...
Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450K in Ethereum
4.12.2021
The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase...
Some Halo Infinite Challenge Swaps And XP Boosts Are Being Held Hostage By Brand Deals
2.12.2021
Last night, I bought a can of Pringles mostly on the grounds that it would grant me an XP boost in Halo Infinite, only to find that I couldn’t actually redeem the code. See, I’d have to upload a photo of my receipt to the company’s website. The process makes a certain degree of sense (you’d want...
Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios
2.12.2021
Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional...
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...
Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
24.11.2021
The investment firm's exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30
Moledao Launches Pioneering Web 3.0 Hackathon on the Metaverse
17.11.2021
PRESS RELEASE. Moledao, a social platform for blockchain enthusiasts, announced today its upcoming Web 3.0 Hackathon. This pioneering global hackathon will be held in the metaverse, and take place from 15th November 2021 to 9th January 2022. Web 3.0 is the vision for the next internet generation...
Indian Parliament Committee Discusses Crypto Regulation With Industry Experts
15.11.2021
India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated”...
Cameroon to Hold Workshop Examining Challenges and Risks of Using Cryptocurrencies
15.11.2021
The government in Cameroon, which is reportedly keen on regulating cryptocurrencies, is set to hold a workshop that will look at the challenges and risks of using such digital currencies in the country. Proliferation of Scams According to a report by Business in Cameroon, the workshop, which is...
3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum’s 12 Month Gains
13.11.2021
While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands...
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
11.11.2021
According to the firm, they mine close to 20 BTC per day
Polygon Reveals Details About Its Future Collaboration With LBank During AMA
6.11.2021
PRESS RELEASE. Recently, LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA. Ethereum is the blockchain development platform...
Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI
6.11.2021
Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement....
Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral
3.11.2021
The Nasdaq-listed crypto exchange Coinbase is now letting customers borrow up to $1 million using bitcoin as collateral. The company charges 8% APR but there is no credit check. The exchange said that the bitcoin used as collateral “remains safely held by Coinbase,” emphasizing...
Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High
2.11.2021
On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining...