Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s Ministry of Finance (Minfin) has supported some regulatory…
Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets. Propy customers can now put up digital assets as collateral for their real estate purchases through Abra Borrow, a cryptocurrency lending and borrowing service. Crypto collateral pledged on Abra is used…
In brief Ripple won some key procedural victories when it comes to examining the SEC’s motives. But the SEC has notched some wins of it own. The case is now likely to decided in 2023. In December of 2020, the Securities and Exchange Commission dropped a bomb on the crypto industry by suing one of its most prominent companies, Ripple,…
The Bitcoin hash rate and mining difficulty have both touched new highs amid a choppy month for price. The Bitcoin network now performs an average of 223.20 exahashes per second (EH/s), according to data from Coin Metrics, as computers race to win the bitcoin mining lottery and submit the next valid block. Along with hash rate, the bitcoin mining difficulty…
Russia’s Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country’s Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for clarifying the terms on which digital assets can be seized. On April 28, local newspaper Izvestia reported on…
New York City Mayor Eric Adams has called on regulators to “listen to those within the industry” as they build out the regulatory infrastructure around cryptocurrency. Speaking at the Financial Times Crypto and Digital Assets Summit, Adams said, “The most important thing is to listen to those within the industry, because this is relatively new and sometimes we are fearful when…
The Finnish government has agreed on additional aid to Ukraine in the form of Bitcoin seized in criminal investigations related to doping and drug trafficking, according to a report from local media outlet Helsingin Sanomat. 1,981 Bitcoin, or $78.5 million at current prices, was earlier confiscated by Finland’s customs authorities, with the court ordering to hand it over to the…
The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Russian Stock Exchanges to List Digital Financial Assets, Central Bank of Russia Suggests Stock exchanges and central clearing counterparties may be allowed…
Bitcoin (BTC) has reentered its most significant lifelong consolidation zone but could still crash to a “macro bottom,” new research warns. In a Twitter thread on April 27, on-chain analytics platform Material Indicators shone a light on the importance of $38,000 for BTC price action. Bitcoin circles all-important point of control After lingering near liquidity at or above $37,700 on…
To understand how Ethereum functions, you need to understand these three concepts: Ether, Gas and ERC-20 tokens. Collectively they help power, incentivize and allow others to build their own tokens on top of Ethereum’s blockchain. What is Ether? Ether can best be thought of as digital fuel for Ethereum. To power your car, you need to buy petrol. To power your…
