Day: February 19, 2022

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Russian government fails to forge a consolidated stance on crypto regulation

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On Feb. 18, the Russian Ministry of Finance kicked off public consultations on the rules of cryptocurrency issuance and transactions. While a welcome development, it is less than the country’s crypto space had expected to get. Earlier in the week, the government announced that by Feb. 18, a bill containing the finance ministry and central bank’s consolidated position on crypto regulation would be drafted. Updated estimates suggest that it will take at least another month for draft legislation to see the light. The main reason for the delay appears to…

Crypto Exchange Binance Joins Expert Center at Russian Banks Association – Exchanges Bitcoin News

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Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they try to adopt rules for the industry. Binance to Provide Crypto Expertise to Russian Banking Sector and Government The world’s leading cryptocurrency exchange, Binance, has joined the Association of Banks of Russia (ABR) to share its regulatory experience with Russian financial institutions and government as they tailor their approach…

What’s Intel CEO Pat Gelsinger Saying While Promoting The Bitcoin Mining Chip?

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What is Intel ’s Pat Gelsinger doing? Who is he talking to while promoting Intel’s new bitcoin mining chips? In a recent Bloomberg interview, Gelsinger uses every ESG buzzword in the book to promote their “energy-efficient ASIC chip.” Is this the right strategy? Who will be Intel’s clients? And why is this man lying about bitcoin’s energy consumption when the real numbers would do just fine? The host, Emily Chang, starts by asking him about 2019, when the Intel CEO said that Bitcoin was badly designed, “extreme, and climate intolerant.”…

BITCOIN Update – A breakout is coming | Trading post 30% Crypto Tax | Cryptocurrency in Hindi

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Onboarding Towards Crypto Mass Adoption

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NFTs are adding complexity and diversity to the blockchain ecosystem, and this new wave of utility is attracting a much wider audience. The blockchain-cryptocurrency sector is a little more than a decade old and still fighting an uphill battle for widespread acceptance. Those who have closely followed the industry’s rise know its potential to solve the biggest problems plaguing legacy financial systems, but before crypto can go truly mainstream, it must first reckon with some of its own inherent shortcomings. For starters, crypto-based transactions are considerably slower than conventional payments,…

Harmony launches Bored Ape Yacht Club NFT Passport

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On Friday, blockchain platform Harmony — whose mainnet runs on the Ethereum network, claiming to have two-second transaction finality and fees 1,000 times lower than Ethereum — announced the launch of its Bored Ape Yacht Club Passport. The Passport enables users to import proof of their apes into DeFi Kingdoms, a play-to-earn game built on the Harmony blockchain with over 120,000 monthly active users. During its initial stages, Ape holders will be able to validate and display their assets in the game across multiple blockchains when they connect their MetaMask…

Alium Finance Introducing Hybrid DEX Liquidity to Address Liquidity Limitations, Trade Your Favorite Crypto With Unlimited Liquidity – Press release Bitcoin News

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press release PRESS RELEASE. Using the latest Developments on the Decentralized Finance Market Alium introduces the Hybrid Liquidity Model, allowing users to trade almost any crypto using the Liquidity available both on Alium and the rest of the DeFi market. Hybrid liquidity allows traders to use both Liquidities available on Alium and on most of the major exchanges using the algorithm to pick the best price available all in one place. This makes Alium a perfect DeFi hub with quite a few Networks (BSC, HECO, MATIC, ETH, FTM, and METIS)…

Dogecoin Core Developer Bids Adios To The Project

Ross Nicoll, a Dogecoin core developer, has announced his intention to back away from the meme-based cryptocurrency. His justifications? The coin-making process was too stressful for him, and he has no desire to be associated with a potential conflict of interest in the job. Dogecoin fell nearly 4% to $0.14 shortly after the news. For the uninformed, the Dogecoin Foundation is a not-for-profit organization dedicated to the growth of the meme coin. The foundation was re-formed in August after being created in 2014 but became inactive over time. Vitalik Buterin,…

More playing and less earning will make better Metaverse games

boss

If you’re not keen on joining Mark Zuckerberg in the Metaverse, I have bad news for you: You’re already there. You don’t need a virtual reality headset to enter a virtual world. Humans have been representing reality since our distant ancestors first painted on cave walls. If TV, radio, books or newspapers have ever given you access to events that you did not physically attend, you have experienced a kind of metaverse already.  Sport and games are another reality that we often partake in virtually — in the stands or…