The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s been an enormous […]
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I was just checking on the fear and greed index and I saw that it was at "Extreme Fear" of 24 and of course I thought "hmmm why is that?" The Cryptomarket reaching lows on THREE Consecutive days with this last day, Friday being the low point for Bitcoin since September 2021 "Bear This" "Bear…
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The historic 15 character-long SMS will be auctioned off to help the displaced refugees across the globe.
Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round […]
Am I most likely right on these predictions? block reward halving means rvn will be harder to obtain from mining which will make the price go up ether going proof of stake in June will make a lot of miners switch over to RVN mining which will make the price go up since it will…
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The Russian central bank wants to ban investments in cryptocurrencies in Russia, citing the growing number of crypto transactions as a threat to financial stability. Russia Mulls Over Crypto Ban Russia’s central bank is attempting to outlaw cryptocurrency investments, escalating the country’s long-standing distrust of Bitcoin and other digital assets. Future transactions would be prohibited, but present holders would not be forced to sell their holdings. Cryptocurrencies, according to Russian authorities, can be used for money laundering and terrorism financing. According to Reuters, the bank’s current stance on cryptocurrency is a “complete rejection.” Although it is still illegal in Russia to undertake cryptocurrency transactions, a new amendment has made it permissible to invest in and buy cryptocurrencies through exchanges. Any such limitations might stifle Russia’s current retail investment boom, which has seen 15 million Russians create brokerage accounts in the last few years, according to Central Bank estimates. The regulator has already acted quickly to restrict access to other types of risky investment products, anticipating that Russia’s low financial literacy and strong broker marketing might lead to consumers being lured into high-risk investments. If they want to invest in items like options and derivatives, retail investors must must complete a series of examinations. Elvira Nabiullina, the governor of the Central Bank of Russia, increased the fear, uncertainty, and doubt (FUD) around the country’s current state of crypto regulation in a Friday press conference. When asked about the rise of digital assets, Nabiullina said the following, according to finmarket.ru, a local news outlet: “You know that our attitude towards cryptocurrencies is of, to put it mildly, skepticism. Related to this are the significant risks for retail investors and the substantial volatility for this type of asset. In addition, cryptocurrencies are opaque in that they are frequently used for illegal operations or criminal nature. Therefore, we cannot welcome investments in them. We seek to prevent the Russian financial infrastructure from using crypto transactions. This is quite doable.” Related article | Russia Plans To Impound Unlawfully Acquired Cryptocurrencies Illegal Miners To Be Jailed Andrey Lugovoy, a member of parliament’s lower house, the State Duma, has threatened miners with jail if they connect their equipment to the power grid without permission. Lugovoy disclosed in November that his nationalist party, the Liberal Democratic Party of Russia, is preparing to introduce a draft law to govern crypto mining. According to the congressman, the approval of the legislation will help Russian nationals, the state, and entrepreneurs who wish to legitimately engage in business. He has now added, in an interview with the Russian online news outlet Lenta.ru, that mining regulation makes sense. Aside from charging mining businesses varying power prices, the deputy believes their profits should be taxed after deducting the cost of the energy consumed and other expenses such as labor. Lugovoy accused miners of avoiding paying taxes by using subsidized, low-cost electricity. BTC crashes to $46k | Source: BTCUSD on TradingView.com Related article | Held Accountable: Russia Wants Bitcoin Investors Jailed For Non-Compliance Featured image from Pixabay, chart from TradingView
