The Bank of Russia, together with the government, is discussing the issue of mining cryptocurrencies. About it stated Head of the Central Bank Elvira Nabiullina. She noted that it is necessary to make a "systemic decision" on mining - if it is approved, "no limits, a sandbox will not be needed." The head of the regulator stressed...
The crypto industry has received a “strong signal” from the US that it needs to implement solutions that will prevent Russia from evading sanctions through mining. David Carlyle, Vice President for Policy and Regulation at Elliptic According to him, "unprecedented" sanctions OFAC in relation to the Russian operator of mining centers BitRiver demonstrate the real concern...
Several representatives of the crypto industry called on European lawmakers and finance ministers to rethink anti-money laundering rules. Writes about it CoinDesk with a link to the letter. According to the publication, the appeal was signed by scientists, lobbyists and top management of companies such as Ledger, Aave and Blockchain.com. They called the legislative initiatives "burdensome"...
Solana has the potential to disrupt the traditional financial services market by challenging payment giants Visa and Mastercard. This was stated by the founder of the venture capital company Social Capital Chamat Palihapitiya. The businessman was prompted by the plans of companies to increase commissions for the processing of credit cards by merchants. "Visa and Mastercard are...
Over the past seven years, the US Secret Service has seized over $102 million worth of digital assets in 254 fraud investigations. This is reported CNBC. The main tasks of the federal agency are the prevention of counterfeiting of dollars, debt obligations, the protection of the president and high-ranking officials, as well as the investigation of...
Bitcoin maximalists and proponents of certain crypto assets are hindering the development of the industry. This opinion was expressed by the head of the blockchain company Ripple Brad Garlinghouse. CNBC. According to him, tribalism around digital gold is holding back the growth of the entire market. As a former head of Yahoo, Garlinghouse compared the industry...
DeFi platform MakerDAO intends to integrate the Ethereum layer 2 solution StarkNet to reduce transaction costs and increase the speed of DAI stablecoin transfers. This is reported The Block. “In terms of cost, this will be about a 10x improvement over Ethereum,” said Louis Beaudoin, StarkNet coordinator for the project. Regarding speed, he noted that the processing...
The UST stablecoin, due to its approach to collateral, is dangerous for the cryptocurrency market. Such an opinion in an interview CoinDesk said Tether CTO Paolo Ardoino. The stability of UST is provided by a smart contract that keeps the price at $1 through arbitrage with Terra coins (LUNA). January 2022 earned Luna Foundation Guard, whose assets...
Product fintech company Scalable Solutionsengaged in the development and implementation of white label software, implemented a technical solution for a crypto exchange FMFW.io. According to the data CoinMarketCapFMFW.io has a daily trading volume of more than $3 billion with a peak value of $5 billion. At the time of publication, the exchange is ranked thirteenth in...
Cryptocurrency Exchange KuCoin announced on the launch of the Creators Fund with $100 million in assets. Its goal is to finance early-stage startups working in the field of non-fungible tokens (NFT). The fund is a joint initiative of KuCoin's Windvane NFT marketplace and the investment arm of KuCoin Ventures. As a first step, the Creators Fund will...
