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26/06/2022

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08/05/2022

25/10/2021

Russia’s Central Bank Is Shutting Its Doors To Bitcoin ETF Trading

Russia’s apex banking institution, the Central Bank of Russia (CBR), has continued to take a hardball stance on cryptocurrencies in the country. During a recent press conference, the bank’s head Elvira Nabiullina told the media that the central bank was not ready to allow cryptocurrency ETFs to trade in the Russian market.

She made the revelation in response to being asked if the European country was going to follow in the steps of the U.S. which recently approved its first Bitcoin futures ETF, the ProShares Bitcoin Strategy ETF, to trade on regulated exchanges and is set to see more roll out in the coming days.

Nabiullina’s recent statement is consistent with how the central bank sees cryptocurrencies. While they have been criticized for it, the regulatory body continues to warn Russian banks and investors to be wary of digital assets. It issued a warning in July to stock exchanges to avoid listing tickers tied to digital assets as they “increased risks of losses for people who do not have sufficient experience and knowledge.”

Despite the central bank’s reservations, cryptocurrencies are given serious consideration for adoption in other Russian government circles. Just last week, Russia’s Deputy Foreign Minister Alexander Pankin remarked that it was possible that the country would utilize other currencies and even “digital assets” to partially replace the use of dollars in currency reserves and trade settlements. Pankin made the statement while speaking with the Interfax news network, a local news outlet.

The Foreign Ministry, along with other government officials, is considering the line of action as a way to limit the influence of the U.S. dollars on the domestic economy as well as counteract the consequences of increasing U.S. sanctions on the country.

The political tussle between Russia and the U.S., two notable world powers, has likely motivated Russia to now be considering cryptocurrency for foreign trade. As things stand between the two countries, the U.S’s position as the provider of the de facto foreign exchange currency has put Russia in a tight spot as the U.S currently sanctions dollar payments originating from Russia that it considers suspicious, according to Pankin.

The situation has also been commented on by Russia’s president, Vladimir Putin who at the same time expressed a bullish stance on cryptocurrencies. During a recent interview with CNBC, he warned that the U.S policies were bound to work against them as more countries would dump the dollar for other currencies as a reserve currency if they continued to try to influence political outcomes with economic sanctions. Specifically, he described the situation as the U.S “cutting the branch it is sitting on.”

When asked if Russia was considering using cryptocurrencies as a means of settling contracts for the supply of oil, Putin noted that the possibility was there for the future. He added that the asset class may exist as a means of payment but was too early for use in setting trade of oil contracts.

25/10/2021

Shiba Inu (SHIB) Price Up-surges Almost 46 Percent in Two Days

Shiba Inu presently has the most circulating coins (395 trillion).
Shiba Inu’s market worth has risen by almost 50% in the previous week.

23/10/2021

Robinhood CEO confirms crypto wallet waitlist hits 1 million as SHIB army presses for listing

23/10/2021

Elon Musk-Posted Bitcoin $69,000 Meme Sold for $28,000 in WETH by Author

23/10/2021

Elon Musk Says He Will Become First Dogecoin Trillionaire

Tesla CEO Elon Musk claims that he will become the world's first Dogecoin trillionaire in a recent tweet.

*In Dogecoin

— Elon Musk () October 22, 2021
Musk's net worth has now swelled to $249 billion, according to the Bloomberg Billionaires Index.

The entrepreneur is now worth more than the gross domestic product of New Zealand (and he's close to surpassing Portugal).

His wealth has increased thanks to the renewed Tesla rally. The shares of the leading e-car maker hit a new all-time high of $910 earlier today.

Morgan Stanley predicts that Musk is on track to become the world's first trillionaire thanks to SpaceX.

In July, Musk revealed that he personally owns Bitcoin, Dogecoin and Ether.

23/10/2021

Analysts hold their $250K Bitcoin price target even as BTC falls below $60K
Bitcoin price falls below 60k dollar after making its all new time high around 67k and altcoin also followed the bitcoin down movement
SO WHAT WE CAN EXPECT FROM CHARTS
Currently bitcoin is holding the zone of 59k to 60k zone previously market spiked up two times from this zone and now it again taking support from it and we can expect some bullish moment but weekly closing is very crucial for it
what if market break 59k zone to downside we can expect 57k in sort term
Just follow our page to get more updates

16/10/2021

BNB 🔥🔥🔥

16/10/2021

All Eyes on Japanese Court as Crunch Monero Mining Case Gets December Hearing
A landmark legal case involving a music site developer who added a mining widget that mines monero (XMR) to his website will hit the Supreme Court in Japan at the end of the year – with the potential for a legal precedent-setting verdict.

The case dates back to late 2017, when the Yokohama-based man (aged 34) admitted he used a Coinhive-developed app on his websites that led visitors to mine monero. The app distributed 30% of the coins mined to developers and 70% to the site publisher. Police in 2018 claimed that the app and others like it were a “virus,” and exacted a nationwide crackdown on mining-related software. The man was hit with a fine of over USD 900, but he has been fighting the verdict ever since, first taking the case through the district court system, and now to the Supreme Court, Nikkei reported.

The developer has claimed all along that the punishment was not appropriate, that the app was not a “virus” and that he “certainly didn’t think” he was “doing anything illegal by running the program.”

The case has also been to the High Court, but the man will now have his case heard by the Supreme Court of Justice from December 9.

The legal system has been flummoxed by the case, as, Nikkei noted, in the case of cryptoassets, there is “no public institution that manages transactions.”

In 2019, a district court judge ruled that a mining app “could be seen as a source of funds to maintain and improve the quality of the site,” adding that it could even “benefit visitors” and was “not much different from web advertisements.”
Another separate judgment took the police’s side, however, claiming that apps such as these “damages public trust” and are malicious.

But the many judgments on the case thus far have been “divided over the maliciousness” or otherwise of the developer’s actions.

The buck will ultimately stop with the Supreme Court, however. The National Police Agency has warned site operators on its cybercrime website that officers will take “countermeasures” on websites that use mining plugins – commenting “if you install a mining tool without telling visitors in advance, you may be committing a crime.”

But, Nikkei noted, “there have been no noticeable mining-related prosecutions lately,” and “police officials appear to be watching the Supreme Court case” with keen interest.

According to Canon Marketing Japan data, the number of crypto mining software apps in use on websites has actually increased since the beginning of the year as crypto prices have risen.