Author: Ellen Grigsby

According to representatives of the ministry, this step will destroy the prospects of one of the fastest growing and technological sectors of the economy.According to some reports, law enforcement agencies insisted on the ban on the part of the Central Bank, concerned about the scale of the uncontrolled “crypto market” in Russia.The head of the Ministry of Digital Development Maksud Shadayev is afraid of a “brain drain” due to the ban on trade in “crypto” The Ministry of Digital Development of the Russian Federation opposed the initiative of the Central Bank to ban trading and mining of cryptocurrency in Russia.The…

“the fall in the shares of low-margin technology firms and companies that have recently gone public with IPOs.”The massive adoption of cryptocurrencies could boost valuations and likely correlations with other financial market variables.. The specialists drew attention to the positive correlation of bitcoin with inflation risk indicators and the innovative technology sector. Digital assets are not protected from the impact of macroeconomic factors such as monetary tightening. CoinDesk writes about this, citing a Goldman Sachs report. The current pullback in the cryptocurrency market says that mainstream adoption could be a “double-edged sword.” The decline in quotes was mainly due to…

In Russia, cryptocurrency mining is not prohibited, but it is not officially considered as a means of payment. Bitcoin and other cryptocurrencies are becoming increasingly popular among users around the world, but there is no single legal framework for their operation. A number of states are moving towards a complete ban on cryptocurrencies, others allow their production (mining) and use, but introduce various restrictions, while retaining regulatory functions. In Russia, cryptocurrency mining is not prohibited, but it is not officially considered as a means of payment. On January 21, the Central Bank proposed to ban the issuance, mining and circulation…

Peskov denied reports of Putin’s consent to allow mining in a number of regions of Russia. Reports that Russian President Vladimir Putin agreed to allow mining in a number of regions are not true. The corresponding assessment was given by the press secretary of the President Dmitry Peskov in a comment to RIA Novosti . “Not. Such proposals have not yet been formulated at all,” the Kremlin spokesman said. Thus, he refuted Bloomberg’s information, published with reference to anonymous sources: the agency claimed that the head of state considers it possible to legalize mining in regions with a surplus of…

it objects to a number of ideas of the department and finds them risky, follows from a comment provided by the regulator to the TASS agency .the Central Bank advocates a ban on the use of Russian infrastructure for cryptocurrency transactions.“Legalization and regulation will create the illusion of protection and rules for people, reassuring them that if the state allows, then there are no risks”.  The Central Bank of Russia submitted objections to the concept of the Ministry of Finance on cryptocurrencies. The Central Bank of Russia got acquainted with the concept of the Ministry of Finance on the regulation…

The Open Network (TON) blockchain project calls on the Russian authorities to enter into a dialogue with blockchain communitiesThe blockchain and cryptocurrency market is only gaining momentum today, this is an inevitable development of the economy. Many of the largest corporations, the world’s IT giants, are launching blockchain-based projects or integrating cryptocurrencies into their solutions for the market, The Open Network pointed out.The Open Network (TON) blockchain project calls on the Russian authorities to enter into a dialogue with blockchain communities before introducing cryptocurrency regulation, TON told TASS. “The blockchain and cryptocurrency market is only gaining momentum today, this is…

This phenomenon is explained by the fear of rising inflation and tightening of monetary policy. Over the past week, most altcoins have performed even worse than BTC.After an extended decline, the prices of most major cryptocurrencies fell to their lowest level in the last five months.Over the past week, BTC has fallen over 16% to a low of $34,000. Cryptocurrency losses rise as bitcoin falls to 5-month lowRecently, there has been a trend of risk aversion in the global market. This phenomenon is explained by the fear of rising inflation and tightening of monetary policy. It also affected the crypto…

January 27th. Andrey Turchak, Secretary of the United Russia General Council, believes that if the cryptocurrency in Russia develops within the law, this will increase budget revenues and provide an incentive for technological growth. “Now it is important to carefully approach the regulation of cryptocurrencies as a means of payment in our country. The digital financial infrastructure is a full-fledged part of the financial system, and if technologies are developed within the law, this will provide new modern tools for people and deductions to budgets,” he said. Turchak to reporters on Wednesday.According to him, blockchain and cryptocurrencies are the source…

The head of state Putin announced this on Wednesday, January 26, at a meeting with members of the government.According to Aksakov, the digital currency market is developing “too fast” . Russian President Vladimir Putin said that he is familiar with discussions on the topic of regulating cryptocurrencies in the country. The head of state announced this on Wednesday, January 26, at a meeting with members of the government. “I am familiar with the discussion that is going on in this regard, the Central Bank of the Russian Federation deals with these issues and regulates these issues,” Putin said. PUTIN calls on between BANK and GOVERNMENT…

32% of Russians polled supported the proposal to ban bitcoin.The All-Russian Public Opinion Research Center (VTsIOM) presents research data on the attitude of Russians towards cryptocurrency transactions. The share of those who have not heard of bitcoin has decreased by 11 percentage points over the past five years. (30% in 2017). Russians have heard about bitcoin to some extent (64%), 17% are well aware of it (+4  p.p., 13% in 2017), every fifth heard this name for the first time 19%. The share of those who have not heard of bitcoin has decreased by 11 percentage points over the past five years. (30% in 2017). Among Russians familiar with this cryptocurrency, almost half believe that anyone can buy it (42%), a quarter think that bitcoins are available to a limited circle (24%), 15% believe that buying bitcoins is prohibited in Russia. survey shows cryptocurrency popularity The majority of Russian citizens (81%) would not like to buy bitcoins, 16% of respondents would like to buy it. More than half said that buying Bitcoin is a bad investment (56%), one in five called it a good investment (22%). At the same time, our fellow citizens more often agree with the opinion that bitcoins are well protected, they are more difficult to steal than ordinary money (38%), a quarter of respondents disagree with this opinion (27%). The majority of Russians familiar with the concept of bitcoin reported that neither they nor their relatives had ever bought cryptocurrency (74%), one in five noted that relatives or friends bought bitcoin (21%), 4% of Russian citizens purchased bitcoins themselves. Attitude to the prohibition of transactions with cryptocurrency in Russia The opinions of Russians who know about bitcoin regarding the proposal of the Central Bank to ban transactions with cryptocurrency in Russia were divided approximately equally: positively and negatively (32% each), rather 33% of respondents remained indifferent. Also Read: Bitcoin Price Prediction: Chivo wallet users complain about missing bitcoins, stirring anti-crypto sentiment in El Salvador Young people (18-34 years old) who are informed about crypto-currency often have a negative attitude towards the idea of banning transactions with crypto-currency in Russia (18-24 years old – 54%, 25-34 years old – 50%). Russians aged 35-44, who are aware of cryptocurrency, are rather indifferent to the proposal of the Central Bank to ban transactions with bitcoin (39%), rather negatively – 35%, positively – 25%. Familiar with bitcoin 45-59-year-old fellow citizens rather positively react to the idea of its ban (36%), 35% are indifferent, and 24% negatively. Half of Russian citizens 60+ who know the concept of “cryptocurrency” support the proposal to ban it (53%), a third are indifferent (29%), 15% are negative.

the risks for global security and other problems of bilateral relations. Mr. Wang said, noting that the security of one state cannot be ensured by harming the security of another country. He added that it is necessary to abandon the mentality of the Cold War era and, through negotiations, create a balanced security mechanism in Europe. Chinese Foreign Minister Wang Yi spoke with US Secretary of State Anthony Blinken. Representatives of the countries discussed the situation around Ukraine, the risks for global security and other problems of bilateral relations. Mr. Blinken, during a telephone conversation, pointed out the threats associated with further Russian aggression against Ukraine. The Chinese representative, in turn, called on the United States to take Russia’s security concerns seriously and take them into account, as well as “not to play with fire” on the Taiwan issue, according to the website of the…

Much more often the promotion of assets occurs either by accident or under the influence of the opinions of famous personalities.As part of local trends, the price of such assets is growing much faster than the complexity of the network.A HYIP token is a token that gains popularity among crypto market participants in the shortest possible time.A meme with a Shiba Inu dog was chosen as the emblem of the token. However, despite the frivolity of the idea, the asset entered the top 20 digital currencies by capitalization.The doge coin cryptocurrency appeared back in 2013 and is a fork of…

law enforcement officers found the missing machines for mining.a 49-year-old man turned to the department of the Ministry of Internal Affairs of Russia for the Slyudyansky district.The police found out that seven pieces of equipment for a total amount of more than 350 thousand rubles were missing from the box. Irkutsk rescuers are concerned about the increased fires caused by miners. Vigilant law enforcement officers helped a resident of the Slyudyansky district of the Irkutsk region return stolen mining equipment. Details today, January 26, according to the press service of the Main Directorate of the Ministry of Internal Affairs of the Russian…

Such a scenario was worked out at a meeting at the Central Bank, the regulator told Izvestia . The meeting was attended by representatives of the Association of Banks of Russia, VTB and PSB, their representatives said. Such marking will allow tracking the movement of money allocated by the state, for example, in the course of public procurement or as payments to large families and pensioners . The discussion of tokenization may be related to a potential ban on cryptocurrencies , experts suggested. Nominal OperationsAt the end of 2021, the Bank of Russia held a working meeting with representatives of…

The Bank of Russia gave a detailed commentary on the need to introduce radical restrictions on cryptocurrencies. By itself, the initiative of the Central Bank cannot be unequivocally assessed, however, the arguments cited by Elvira Nabiullina’s department are simply cynical and outrageous. It turns out that it is the “crypto” that is to blame for the outflow of capital abroad, the flow of funds from bank deposits into risky assets, as well as the weak ruble. And we thought. The Central Bank made radical proposals regarding the regulation of the cryptocurrency market in Russia. The main financial regulator wants to ban mining, the exchange…

The company has lost $34 million that is being “laundered” through other cryptocurrency platforms . The Crypto.com platform has accepted that it has been the victim of a $34 million cryptocurrency theft. The company, which entered the market with force during 2021 and even bought the rights to the Staples Center to be called Crypto.com Center , suffered the hack last Monday and remained silent for several hours to accept the violation. According to a blog post, hackers stole 4,836 ethereum coins, 443 bitcoin, and another $66,000 of various cryptocurrencies from 483 users. Crypto.com, faced with the fact, paused all withdrawals on Monday for approximately 14 hours after “suspicious activity” was detected and forced all…

Opera  has released a beta version of a  browser  designed to explore the emerging crypto Web3 ecosystem  of cryptocurrencies , decentralized applications (dApps), and metaverse platforms .  Among the features of the platform, which has advanced to other competitors such as Mozilla Firefox and Google Chrome , is a  wallet for crypto assets . Also Read: UK to crack down on ‘misleading’ cryptocurrency ads The Norwegian company has called  Crypto Browser Project designed for both natives and those curious about cryptographic technology. The beta version is now available for Windows, Mac and Android. Main functionalities of the browser The browser includes a news and data aggregator, called Crypto Corner, with key information from the crypto world: cryptocurrency…

The Central Bank has under scrutiny some exchanges that would be venturing into financial intermediation. It is known that the Government has tried to restrict and control, through various measures, the use of cryptocurrencies, since it represents -in the vast majority of cases- a flight of currency . As an example, on several occasions during the past year it emerged that the Central Bank of the Argentine Republic -BCRA- was investigating some companies dedicated to the “crypto” sector (the so-called Exchange), because their activity could be considered as unauthorized financial intermediation . This motivates us to ask ourselves: what is financial intermediation and how could this be related to…

BNBUSDT Rates by TradingView The Binance Coin BNB continued to point out its bullish aspect in the previous few weeks of buying and selling. The BNB coin was largely unaffected by the general market correction of the previous few weeks and is buying and selling at USD 611, not removed from its all-time excessive of USD 692 on Could 10. If the bulls handle to sustainably overcome the orange resistance zone, a subsequent improve as much as the purple resist space should be deliberate. A sustained restoration within the general market ought to enable the value of the Binance Coin to rise to new all-time highs within the medium time period. AAPL Chart by TradingView Bullish variant (BNB)The BNB value can shake off the general market weak point and generate a weekly plus as the one high 10 Altcoin. If Bitcoin rises again in direction of USD 60,000 within the coming buying and…

Crypto gaming economies powered by DeF and NFTs in metaverses could become the next big thing. At least that’s what a new report from Grayscale says – what’s behind it? Ever since Facebook renamed itself Meta a month ago , the term Metaverse has been on everyone’s lips. Meanwhile, more and more companies have announced their Metaverse plans, including Microsoft , Adidas and the gaming company Niantic . But while traditional tech companies are still working on their Metaverse plans, the crypto space is already a few steps further. In the field of crypto gaming in particular, there are already…