Cryptocurrencies should be treated like investments in gold and other assets, the minister wrote in a letter to the prime minister. Source
Russia's Minister of Finance Suggests Letting Banks Sell Crypto: Report
Tag: Report
Crypto donations jumped nearly 16x in 2021, new report says
2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to research data from The Giving platform, crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly 16x over the same period. The average crypto donations also saw a 236% increase, rising from an average of $3,109 in 2020 to $10,445 in 2021. The data further revealed that the average crypto donation…
Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report – Exchanges Bitcoin News
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the world’s largest digital assets exchanges, interviewed by Kommersant, are not objecting to a potential requirement to establish permanent presence in Russia in order to continue to offer services to its citizens. The idea…
Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2 – Mining Bitcoin News
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to Coinshares’ data, Bitcoin’s mining infrastructure accounts for 0.08% of the world’s carbon dioxide (CO2) production today. Despite ESG Critics, Studies Show ‘Bitcoin Mining Acts as an Energy Sink’ and Consumes Less Energy Than the Banking…
New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay
“It’s not a very good idea to get into crime in NFTs because it’s expensive,” said Kim Grauer, Chainalysis’ head of research. “It’s hard to guarantee you’ll be profitable if you wash trade, and if you want to use [NFTs] to launder money, we can trace it, and you will be able to see who’s in possession of the NFT. There’s things that make the NFT space unattractive for crime.” Source
Japan's Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report
The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator, has allowed the association to run the…
Japan’s Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report
The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator,…
Japan's Crypto Exchanges Body Considers Easing Rules for Token Listings: Report
Industry association Japanese Virtual Currency Asset and Exchange Association (JVCEA) has to approve token listings on exchanges. Source
Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise: Report
Reddit co-founder Alexis Ohanian’s venture firm 776 Management plans to double down on crypto in the coming year, having raised $500 million across two new funds, the Wall Street Journal reports. The newly launched Funds II include an early stage-focused $300 million vehicle, and a $200 million fund which will invest in Series A and B rounds. The two new funds will push 776’s portfolio to a majority stake in crypto investments in 2022, Ohanian told the Journal. Currently, crypto investments account for about 40% of the firm’s portfolio, according…
COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report
Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic. According to a Monday report from CNN, athletes, officials and journalists for the country’s Olympics games are largely separated from the population of China in a quarantine “bubble” to prevent the spread of COVID-19. These precautions combined with the Chinese government deciding to limit the number of in-person spectators may result…