Author: See Source Below
A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an equal number of participants in the survey oppose it. Amid ongoing discussions on the future of digital currencies, the Russian Public Opinion Research Center (Vtsiom) has published a new study measuring the attitudes of Russian citizens towards crypto assets and operations with them. It comes as officials are trying to put the country’s crypto space in order, not without disagreements between regulators.…
What opportunities exist at the intersection of cannabis and blockchain technology? Let’s talk about what the future could hold for this intriguing team-up. Despite the growing momentum of legalization crossing the country, the state of cannabis banking remains at a standstill. Traditional banks backed by the Federal Reserve continue to shut their doors to state-licensed cannabis companies, unwilling to touch funds that have passed through still federally-illegal hands. In turn, struggling cannabis companies continue to deal with higher risks associated with all-cash operations. They still don’t have access to traditional bank loans to build their businesses. Smaller credit unions have emerged—followed by long waiting lists—but…
Adrienne Harris has been confirmed as the new head of the New York Department of Financial Services (NYDFS). Having held roles in the digital currency industry, she’s expected to herald a new era of enabling regulations for the sector. Harris has served in a number of key roles, both in the private and public sectors. Her most prominent role was with the Obama administration, where she served as the Special Assistant for Economic Policy to the former president. In this role, she developed and executed strategies ranging from financial reform to consumer protection and cybersecurity. While announcing Harris as the new superintendent for…
Some disgruntled Nigerian customers of the cryptocurrency trade Binance have launched a marketing campaign to boycott the platform, which they accuse of freezing shopper accounts with out legitimate motive. Utilizing the hashtag #Binancestopscamming, the campaigners are urging different Binance customers across the African continent to affix them in registering their displeasure with the trade. In keeping with a report within the Premium Occasions newspaper, the customers’ anger in direction of Binance stems from obvious adjustments made to the platform’s phrases of use which have resulted in sure customers shedding entry to their funds. Equally, on Twitter, pissed off customers shared…
A state senator in Arizona has introduced a bill that would make bitcoin legal tender in the state — although federal law could complicate things. Arizona State Senator Wendy Rogers (R., District 6) introduced the bill, which seeks to add a statute to Arizona law making bitcoin a legal currency, on Tuesday. There was a second reading on the senate floor Wednesday. If and when a vote might take place has not yet been disclosed. The US Constitution might make passing the bill a challenge, though, cryptocurrency law experts say. “The Coinage Clause of the Constitution means that the power to…
The cloud provider has announced that it is launching a dedicated Digital Assets Team to explore the potential of blockchain-based platforms. The announcement reads that through this new team, Google Cloud will be better placed to “support customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms.”Building business around blockchain applications would position Google Cloud to leverage the fast-growing momentum behind decentralised-finance (DeFi) opportunities in the cryptocurrency market.Citing blockchain and distributed-ledger-based technologies such as Hedera, Theta Labs, and Dapper Labs as companies which have already built on top of Google Cloud, the release adds that the Digital Assets Team…
A group of crypto financiers said Friday it’s launching a super PAC that aims to spend more than $20 million to support congressional candidates ahead of the November elections. The backers include a top executive at the digital currency trading platform FTX, as well as SkyBridge Capital, the hedge fund led by former Trump communications director Anthony Scaramucci, who is trying to start a Bitcoin investment fund. The group, dubbed GMI PAC, said it has already attracted $5.3 million in contributions that it will use to back candidates and members of Congress “who work to give consumers and innovators the…
Today, over 100 million people own Bitcoin, the world’s first cryptocurrency. However, while crypto ownership is widespread, it is far from evenly distributed. In fact, less than 1% of Bitcoin owners harbor almost a third of the current supply. But, who are these Bitcoin billionaires, and how much do they own? 1. Satoshi Nakamoto Satoshi Nakamoto is a little different from everyone else on this list, in that no one actually knows who they are. Instead, this is the name used for the anonymous individual (or individuals) who created Bitcoin and was responsible for kick-starting crypto and hugely influencing the…
A recent dip in cryptocurrency prices and their overall volatility haven’t led Gov. Ron DeSantis to rethink his support for a pilot program to allow Florida businesses to pay state fees in crypto. “We always want Florida to be ahead of the curve, and we see the potential for cryptocurrency adoption, so it makes sense to offer the option to pay state fees in cryptocurrency — regardless of how much it fluctuates in an arbitrary time period,” DeSantis spokeswoman Christina Pushaw stated in an email. Popular cryptocurrencies such as Bitcoin and Ethereum dropped significantly Monday before rallying later in the week, but they remain well…
Amidst the crypto meltdown, several crypto coins are losing their sheen. One such example is Shiba Inu, which once was among the top 10 digital tokens, but now is struggling to hold its place in the top-15. The dog-based meme token or the joke token has dropped about 75 per cent from its peak value of $0.00008, hit in late October 2021. It was trading at 0.00002008 on Thursday at 13.30 IST. Once called the ‘Dogecoin Killer’, Shiba Inu is losing its charm. The price drop is in line with cryptocurrencies across the board after the price of Bitcoin crashed…