Month: June 2022

Bill to ban digital assets as payment introduced in Russian parliament

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In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that the upcoming regulatory turn won’t include any windows for adopting digital financial products as a payment method.  On Tuesday, June 7, Anatoliy Aksakov, the head of the Financial Markets Committee of the Russian parliament’s lower chamber — the State Duma — introduced a bill that would prohibit the use of “digital financial actives” (DFA) to pay…

Cardano Metaverse Project Cardalonia Releases Staking Platform, Set To Release Playable Avatars On The Cardano Blockchain

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Cardalonia, a Cardano Metaverse project has announced the launch of their Staking platform and according to the roadmap, a user playable NFT clan of Cardalonia Blockchain is scheduled to be released by late 2022. Cardalonia when fully launched will allow users to customize their experiences in the Cardano virtual world where players can build, own Lands and personalize their Metaverse experiences on the Cardano Blockchain. Cardalonia Flexible Staking The team at Cardalonia recently released the project’s flexible staking vault. The vault allows token holders to stake their $LONIA to enjoy…

As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market

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The broader crypto market has been in a state of a downward price swing, with Bitcoin going lower almost daily. Before now, Bitcoin miners have put away some BTC tokens waiting for their sunny days to reap. However, the continuous price drop of virtual assets has set a constant downtrend for the most significant crypto token. Hence, miners are selling out their holdings to flatten the rising costs of operations and other activities as Bitcoin makes some rebounding steps. As per reports, there is an increase in the transfer of…

$3.6 Billion Stolen Bitcoin SEIZED! | BIGGEST CRYPTOCURRENCY HEIST? 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A couple from New York were just charged with money laundering after the US government busted them for stealing $3.6 billion in cryptocurrency funds, then trying to buy real estate while hiding their wealth through Bitcoin transaction mixers. ___________________________________________________________________ Welcome to Crypto Intel! Enhancing The Crypto Community – We deliver cryptocurrency news and opinion to a broad audience. Whether it be market trends, new developments in the space, or a breaking story – we’re here to deliver! —————————————————————————————————————- If you haven’t already,…

Crypto Exchange Gemini Hit With Lawsuit for Alleged Negligence Over $36,000,000 in Customer Funds

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A retirement account trust company is suing the crypto exchange Gemini for failing to have the “proper safeguards in place” to protect its customers’ assets. IRA Financial Trust alleges hackers stole $36 million in crypto assets belonging to their customers’ retirement accounts which were reportedly in Gemini’s custody. The South Dakota-based trust company has pledged to use proceeds from the lawsuit to reimburse the impacted customers. The firm claims Gemini’s Application Programming Interface (API) had a single point of failure, and that the exchange’s system had a “sweeping vulnerability that…

Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions – Regulation Bitcoin News

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The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian central bank has warned citizens against engaging in “illegal” cryptocurrency transactions, a report has said. The report adds that the central bank still does not recognize cryptocurrencies like bitcoin as a payment method. In its report, the state-affiliated media outlet Fanabc refers to…

Scaling Ethereum Beyond the Merge: Danksharding

Compared to sidechains, Layer 2 rollups are considered by many developers to be the more secure way for Ethereum to scale. Rollups, like sidechains, take the stress off of Ethereum by executing transactions on a separate blockchain. Transactions are “settled” on the rollup chain, bundled up, and then “posted” to Ethereum. Unlike sidechains, rollups borrow their security from the Ethereum mainnet – they use fancy cryptography and other methods (like a multi-day dispute period) to allow Ethereum mainnet nodes to confirm that transactions are legitimate. Source

Did Celsius’ Withdrawal Trigger The Terra/ LUNA Collapse? Claim & Response

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Did Celsius set off the domino effect? Almost a month ago, The Block Crypto reported that Celsius pulled at least $500M from the Anchor protocol before the collapse. Two weeks ago, blockchain analytics firm Nansen identified Celsius among the seven big wallets that allegedly triggered the bank run on Anchor. Recently, Celsius responded.  Is this the explanation for the Terra/ LUNA collapse? Was this whole situation not a deliberate attack? Were natural market forces responsible instead? The estimation is that 75% of all UST in existence was locked in the…

BITCOIN BREAKOUT NOW (must watch)!! Bitcoin News Today, Bitcoin Price Prediction after Bitcoin Crash

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN BREAKOUT NOW (must watch)!! Bitcoin News Today, Bitcoin Price Prediction after Bitcoin Crash Welcome back to the Crypto World! In this video I reveal my next Bitcoin Price Targets and my Bitcoin Strategy (Bitcoin Trading for Beginners)! Is Bitcoin the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! 🚨NEW: My Complete Technical Analysis Course 👉 👈 ► I trade on Bybit 👉 👈 (NEW $4,100 BONUS)* 🔥 Register with my link…