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Russia’s Federation Council to Set Up Working Group on Crypto Regulations
12.12.2021
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body....
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...
Rich Dad Poor Dad’s Robert Kiyosaki Insists Depression Is Coming – Predicts ‘Gold, Silver, Bitcoin, Real Estate Will Crash Too’
12.12.2021
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says a crash and a depression are coming, predicting that “Gold, silver, bitcoin, real estate will crash too.” He added that he is getting ready to buy all four types of investments after the crash. Robert...
Institutional Investors Expect Major Correction in Crypto Market Next Year
11.12.2021
Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class....
Florida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees
11.12.2021
The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests...
E-Commerce Giant Amazon Backs Wax Blockchain-Based Fractional Trading Card Market Dibbs: Report
11.12.2021
According to reports, the e-commerce giant Amazon has recently invested in a fractional sports trading card marketplace called Dibbs. The platform, built on top of the Wax blockchain, allows users to purchase and sell fractions of collectible trading cards. Reports further add that the financial...
Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin
11.12.2021
During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k...
IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’
11.12.2021
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International...
Indian Prime Minister Modi Tells President Biden’s Summit: Cryptocurrency Should Be Used to Empower Democracy
11.12.2021
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister...
Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
11.12.2021
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation...
Bitcoin Mining Company Cleanspark to Kick-Start 20 MW Immersion Cooling Initiative
11.12.2021
Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of...
Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
11.12.2021
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory...
Chainalysis to Offer Lightning Network Monitoring Service to VASPs in 2022
11.12.2021
On December 10, the blockchain intelligence firm Chainalysis revealed that the company has added support for Bitcoin’s second-layer protocol the Lightning Network (LN). According to Chainalysis, firms like exchanges and virtual asset service providers (VASPs) can leverage...
Ethereum Co-Founder Vitalik Buterin Publishes ‘Plausible Roadmap’ Addressing Scalability
11.12.2021
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming...
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...
Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions
10.12.2021
Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,”...
Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur Estate
10.12.2021
On December 15, the non-fungible token (NFT) market platform Makersplace will drop an assortment of NFTs based on Tupac Shakur’s most well-known jewelry pieces. Makersplace and the NFT artists and curators Impossible Brief and Digital Arts & Sciences worked closely with Shakur’s...
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
10.12.2021
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up...
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...
Crowdfunding Platform Kickstarter Will Shift to Blockchain-Based Model
10.12.2021
Kickstarter, one of the leading crowdfunding platforms on the market, has decided to abandon its current business model and migrate to a blockchain-based platform. This will be built by an independent organization funded initially by Kickstarter to work on the protocol. The new platform will...