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2022-01-24 11:13:02 Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says – Regulation Bitcoin News

A high ranking member of Russia’s parliament suggested that Russia could legalize crypto mining, and stablecoins supported by gold under government supervision. This statement follows a proposal by Bank of Russia to ban cryptocurrency mining and trading.

As cryptocurrencies carry risk for investors unqualified, they should not be freely circulated. But, Russia might allow gold-backed stablecoins and mining of cryptocurrencies to be done under state control, Vladimir Gutenev, Chairman of State Duma Committee on Industry and Trade said to the RIA Novosti news Agency.

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2022-01-23 10:55:03 Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking

Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon's MATIC tokens to sponsor enhanced staking rewards for users.

According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a "layer 2" scaling tool for the Ethereum blockchain, designed to speed up and reduce the cost of transactions.

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2022-01-22 09:40:02 Ad restrictions won’t impact crypto demand, Binance CEO says

Binance CEO Changpeng Zhao, also known as "CZ," claimed that the growing restrictions on crypto advertisement won't impact the demand.

The Monetary Authority of Singapore also barred crypto service providers from opening crypto ATMs. Following this ruling, several crypto ATMs in the country have shut down.

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2022-01-21 11:28:02 Michael Saylor Says MicroStrategy Will Never Sell Its Bitcoin

Company CEO Michael Saylor recently confirmed that the company would "Never" sell its Bitcoin, even given the current state of the market.

Saylor first announced his company's plan to convert its cash holdings to Bitcoin in the Summer of 2020. Fundamentally, Saylor considers Bitcoin the greatest weapon against inflation in existence.

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2022-01-20 11:43:02 QANplatform launches world's first quantum-resistant ETH-compatible L1 testnet

"I'm pleased to announce that QANplatform is the very first Ethereum compatible quantum-resistant Layer 1 blockchain platform on the planet," highlighted Polecsak.

"The TestNet release is a truly defining milestone in QAN's lifespan and proof that providing quantum security yet remaining compatible with 99% of the ecosystem is very much possible."

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2022-01-19 11:48:02 Britain to crack down on 'misleading' cryptocurrency adverts By Reuters

LONDON -Britain is to crack down on "Misleading" advertisements for cryptoassets, which often target retail consumers with poor knowledge of the risks, the finance ministry said on Monday.

The finance ministry said that about 2.3 million people in Britain now own a crypto asset, but research suggests that understanding of the sector is declining, suggesting that some users may not fully understand what they are buying, the ministry said.

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2022-01-18 14:49:02 Walmart Filed Documents To Launch A Cryptocurrency And Join The Metaverse (report)

The giant store chain Walmart has made several filings indicating plans to enter the metaverse, launch its own crypto and NFTs. After the fake reports about Walmart and Litecoin last year, this time, the US retail giant has officially filed documents with local regulators to enter the cryptocurrency space and the metaverse.

As seen in the CNBC report, Walmart's filings with the US authorities about getting involved with the metaverse date late December last year.

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2022-01-17 09:58:02 Massive Bitcoin Outflows Rock Crypto Exchanges As Charts Signal Extreme Bullish Winter

The last time such a huge depletion happened was in September 2021, ushering in a bull market that saw a price surge by over 66%. Exchange outflows are considered bullish for the market as they are seen as reducing the risk of selling Bitcoin, leading to a price plunge.

"The Fed Put May Have Expired vs. Bitcoin's Supply, Set by Code - Bitcoin faces a challenge in 2022 vs. declining risk-assets, but the crypto has potential to endure, we believe," he argues.

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2022-01-16 21:24:52 The account of the user that owns this channel has been inactive for the last 5 months. If it remains inactive in the next 8 days, that account will self-destruct and this channel may no longer have an owner. Open / Comment

2022-01-16 08:30:12 Spain Wants to be a Crypto Hub with 100 Bitcoin ATMs to be Installed in 2022

Spain is the leading country in Europe in terms of Bitcoin ATMs, with 199 currently available in the country. Europe Lags North America in Terms of Total Bitcoin ATMs. North America leads the way in terms of Bitcoin ATMs in the world.

Europe accounts for 4% while the rest of the world shares the remaining 1%. In Europe, Spain leads the way, with 199 Bitcoin ATMs, followed by Switzerland with 142.

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