Author: Donald Munn
Deputy Energy Minister Evgeny Grabchak has stated that it would be appropriate to legalize Bitcoin mining in Russia. Russia wants to open up to Bitcoin mining Deputy Energy Minister of the Russian Federation Evgeny Grabchak has told the Russian news agency Tass that his country should seriously consider passing legislation in favour of cryptocurrency mining. Indeed, Grabchak states that: “The legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be [eliminated] as soon as possible. If we want somehow to get along with this activity, and we have…
Cryptocurrencies have grown by leaps and bounds, and despite the scepticism that remains, they can be healthy for innovation, US Treasury Secretary Janet Yellen told CNBC’s Squawk Box. Janet Yellen: cryptocurrencies grew by leaps and bounds The US Treasury Secretary admitted to journalist Andrew Ross that cryptocurrencies have made huge strides: “Well crypto is obviously grown by leaps and bounds and it’s now playing a significant role not really so much in transactions right but in investment decisions of lots of Americans”. That’s why, she added, President Biden in recent weeks signed an executive order to establish regulation of the…
There is speculation that the UK may announce a new legislative framework for the crypto world as early as the next few weeks. The UK aims for greater financial stability: new regulatory framework for crypto is on the way In favour of this hypothesis is a revelation by Coinspeaker based on some anonymous internal sources in the Ministry of Finance. It is in fact stated that: “The UK will announce a new scheme for crypto regulation in the coming weeks, as more countries explore incorporating crypto into finance”. The UK government is reportedly working on a new regulation designed specifically…
The role of blockchain in digital rights management is increasing thanks to the growing popularity of NFTs and DeFi. NFTs and blockchain: how they will improve the digital rights world NFTs are now an increasingly important component in the world of art and sports because of their blockchain-based nature as a clear, secure and transparent revenue system for digital rights and copyright for artists and athletes. This is a real revolution that is likely to change the overall complex system of rights management. According to a research report published by Transparency Market Research, the global digital rights management market is…
Bitcoin Analysis Bitcoin’s price had its highest daily candle close since January 2nd on Sunday and concluded its daily session +$2,299.6. BTC’s price also closed at its highest level since December 27th, 2021 on the weekly time frame on Sunday. The first chart we’re analyzing today is the BTC/USD 1D chart below from kurniawansuccess. BTC’s price is trading at the top of an ascending wedge pattern. Bullish BTC market participants are looking to break out of its current channel to the upside at the $44,660 level and then go and test the top of its current range at $47,409.72. Bearish…
To cope with the collapse of the ruble and the sanctions imposed, Russia is considering accepting Bitcoin as a means of payment for gas and oil supplies. Russia proposes replacing local currency with Bitcoin for payment of energy resources After proposing that gas and oil should be paid for in rubles by countries purchasing the country’s energy supplies, triggering a reaction from the European community which called the proposal a blatant violation of existing contracts, Russia may now propose Bitcoin as a means of payment for gas and oil. Russia thinks of Bitcoin as a means of payment for gas…
Crypto.com made an appearance at the Oscars last night at the Dolby Theatre in Los Angeles. Crypto.com at the Oscars with a spot for Ukraine The spot aired last night was announced by the popular exchange on its official channels. In contrast to what happened during the Superbowl, which featured a commercial for the “Fortune Favors the Brave” campaign with Lebron James, this time Crypto.com wanted to encourage donations in support of Ukraine. The spot on the night of the Oscars is in fact a fundraising campaign to support the International Red Cross and Red Crescent in helping the Ukrainian…
Unicredit loses in court the first round of a lawsuit brought by a Bitcoin mining company in Bosnia, seeking €131 million in compensation. Unicredit sued by a Bosnian Bitcoin miner Problems continue for the Italian bank in its troubled relationship with Bitcoin and cryptocurrencies as a whole, after the decision of a Bosnian court in December to uphold the appeal of a local Bitcoin mining farm, which sued the institution of Palazzo Cordusio for the closing by its subsidiary Banja Luka in Bosnia, of some accounts in the company’s name. According to judicial sources, the appeal to the courts would…
After two failed attempts, Bitcoin’s price finally managed to break through the $45,000 resistance Bitcoin breaks the $45,000 resistance Taking the yearly low of 24 January, just above $33,000, as a reference, there were two failed attempts to break the $45,000 resistance. These two fakeouts occurred at the end of the first ten days of February and then again in early March. In both cases, the upward breakout of the $45,000 mark was short-lived, as the price immediately bounced back down. Moreover, after the first fakeout the price went back as high as $34,000, on the day of the beginning…
Rio de Janeiro has announced that from 2023, residents of the city will be able to pay property taxes from the Imposto sobre a propriedade predial e territorial urbana (IPTU) using cryptocurrencies. At the same time, Binance CEO Changpeng Zhao o CZ announced that he will open an office in the Brazilian capital to support the cause. Rio de Janeiro to accept property tax payments in cryptocurrency from 2023 According to reports, residents of the city of Rio de Janeiro will be able to pay property tax, called IPTU, using cryptocurrencies starting next year. In practice, to make the operation…