The State Duma, Russia’s lower house, has filed legislation making it illegal to use cryptocurrencies for payment. The bill’s sponsors want crypto platforms to stop transactions that could facilitate digital asset payments.
On Sunday night, the crypto lender stopped all customer withdrawals. CEL fell quickly.
According to reports, central bankers in Nigeria and Kenya said that cryptocurrencies are too unstable to be widely accepted as a method of payment. The bankers also claim that cryptocurrencies pose a threat to financial stability.
Stanley Druckenmiller, a billionaire hedge fund manager, said that in an inflationary bullish market, bitcoin would be more valuable than gold. However, he stated that in a bearish market, gold would be preferable to bitcoin.
According to a news release, Coinhouse, a French digital asset service provider, has raised 40 million euros ($42.5million) in a round of funding.
Centralised – A centrally controlled digital network is one where a central authority manages the network. Decentralised – A distributed digital network is not under the control of a central authority.
Bitcoin of America is a well-known virtual currency exchange. It has been registered with the United States Department of Treasury (FinCEN),(RegNum). They are well-known for their customer service and fast transaction. In 2022, the popular BTM operator has seen rapid growth. Bitcoin of America has made many improvements and updates to its services this year which may have contributed to their rapid growth.
Felix Capital, a London-based venture capital company, has raised $600million in its fourth round of fundraising. This is its largest ever. The company has been investing in money-tooling and commerce startups. It plans to use some of the funds to expand its Web3 exposure in its new business strategy.
17 million OP tokens have been returned by the Wintermute exploiter to the Optimism contract email address. As of press time, the hacker still has one million OP tokens.
According to the Treasury Secretary, funds that hold crypto currencies are not something I recommend to savers for retirement.
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