Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says โ€“ Regulation Bitcoin News

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists The free circulation of cryptocurrencies must not be allowed as they carry risks for unqualified investors, but Russia may permit the use of gold-backed stablecoins and the mining of cryptocurrencies under government control, the Chairman…

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Bitcoin Mining with North America's Largest Miner | Pomp Podcast #578

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io This is an episode of The Pomp Podcast with host Anthony “Pomp” Pompliano and guest, Fred Thiel. He is the CEO of Marathon Digital Holdings, one of the largest bitcoin miners in North America. In this conversation, we discuss bitcoin mining, ESG bitcoin, OFAC compliant blocks, Taproot, and what Marathon plans to do moving forward. —— —— Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while…

Worldโ€™s Largest Asset Manager Blackrock Files for Blockchain Tech ETF โ€“ Blockchain Bitcoin News

The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF The investment firm with $10 trillion in assets under management (AUM) as of January 2022, Blackrock, hopes to launch an exchange-traded fund (ETF) called the Ishares blockchain tech ETF. Thatโ€™s according to a SEC filing submitted by…

FLUF World and Snoop Dogg fundraise, Adidas and Prada NFTs, WAX gifts 10M NFTs

There was so much Nifty News this week that a second round-up was necessary to catch up on the latest nonfungible token (NFT)-related news. FLUF World and Snoop Dog partner for charityย  FLUF World, Beyond VR studio and Snoop Dogg teamed up to raised over $1 million via a one-day charity NFT auction on behalf of the Kiwi nonprofit organization Auckland City Mission. Seven FLUF World NFTs were paired with seven limited-edition Snoop Dogg-themed Burrows designed by Beyond and sold on OpenSea. The partnership with the rapper included a 500…

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Bitcoin records all-time high network difficulty amid price fluctuations

The Bitcoin (BTC) network has recorded a new all-time high mining difficulty of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s) โ€” signaling strong community support despite an ongoing bear market. The Bitcoin network difficulty is determined by the overall computational power, which co-relates to the difficulty in confirming transactions and mining BTC. As evidenced by the blockchain.com data, the network difficulty saw a downfall between May and July 2021 due to various reasons including a blanket ban on crypto mining from China. BTC network…

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Union Bank of Philippines to Offer Crypto Trading and Custodial Services โ€“ Featured Bitcoin News

One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. โ€œItโ€™s a way to future-proof our banking business,โ€ said a Unionbank executive. Philippinesโ€™ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial services, Bloomberg reported Thursday. Unionbank is one of the largest universal banks in the Philippines with over $15 billion in assets under management (AUM). The bank is one of the first financial institutions in the…

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