Category: cryptocurrencies

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$53 million raised for Assange showed the power of DAOs

In an exclusive interview with Cointelegraph, AssangeDAO’s core members explain how a decentralized autonomous organization could obtain the release of Julian Assange. “DAOs are very powerful token-based coordination mechanism that any person now can wield outside of the legacy financial system”, said Silke Noa, core-member of the AssangeDAO, which recently raised $53 million in support of…
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Chinese banking regulator warns against fraud risks in the metaverse

Chinese authorities called the metaverse “attractive and deceptive,” where users are prone to lose money if they are unaware of the risks. After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects. The Chinese Banking and Insurance Regulatory Commission issued a risk…
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Crypto bill incoming: Russia’s finance ministry kicks off public comment period

The Ministry of Finance is seeking industry and public input on how to regulate digital assets by March 18. The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal.  Russia’s finance ministry on Thursday filed two development…
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Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies

BTC and altcoins were hit by another round of selling as analysts say a worsening macroeconomic climate threatens to push Bitcoin price below $40,000. Bitcoin (BTC) and altcoins dropped further on Feb. 17 after the situation in Ukraine worsened and Russia expelled Bart Gorman, the United States Deputy Chief of Diplomatic Mission, from the country…
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API3 price gains 55% after new partnerships and exchange listings attract investors

Partnerships, cross-chain integrations and a major exchange listing provided a 50% boost for API3 price. In the emerging Web3 world, data is the most valuable commodity, and oracle solutions provide a valuable role in facilitating the accurate and secure transmission of data between blockchains and data sources.  One project that is taking a different approach…
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Biden expected to issue executive order on crypto and CBDCs next week: Report

Both President Barack Obama and the previous administration issued executive orders related to digital assets. The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework. In a Thursday report…
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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of…
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FBI is launching team to address crypto exploitation: US Deputy Attorney General

“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim,” said Lisa Monaco. U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of Investigation will be increasing efforts to…
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Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining destination. Crypto Miners Should Have Access to Cheaper Power, Economy Ministry Says Amid…
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Bank of Russia Reports First Successful Digital Ruble Transfers Between Users

Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank…
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