Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objects

Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objects

Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank (CBR) by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Monday, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the precedent … Read more

Biden, Putin plan Ukraine summit, cryptocurrency, oil prices and Trump TRUTH social

Biden, Putin plan Ukraine summit, cryptocurrency, oil prices and Trump TRUTH social

US equity markets, as well as the bond market, will be closed on Monday. Stock futures will trade on an abbreviated schedule. Equities will close at 1:30 pm Commodity futures, such as energy and metals, will trade until 2:30 pm Markets in Europe and Asia will trade according to their regular schedules. Oil prices fall … Read more

Russia’s Finance Ministry Submits Draft Cryptocurrency Regulations

Russia’s Finance Ministry Submits Draft Cryptocurrency Regulations

The Russian Finance Ministry has submitted A draft of long-awaited cryptocurrency regulations to the government on Monday, marking a small step toward clarity for a booming yet largely unregulated industry. The draft upholds the current ban on crypto payments for goods and services, sets a cap on the amount of rubles that people can invest … Read more

Ruby on Rails creator backpedals about Bitcoin: ‘We need crypto’

Ruby on Rails creator backpedals about Bitcoin: ‘We need crypto’

Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin. David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin … Read more

Here’s what crypto industry veterans expect

Here’s what crypto industry veterans expect

As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been talking about a potential continuous bear market or a “crypto winter.” Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, … Read more

Crypto Scammers Target Dating Apps

Crypto Scammers Target Dating Apps

The man from the dating app Hinge checked all of Tho Vu’s boxes. He was a boyishly handsome architect from China, staying in Maryland on a long-term assignment. They had never met in person — he was still waiting to get his Covid-19 booster shot, he said — but they had texted back and forth … Read more

Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following … Read more