Tomorrow, October 1, the Law on Digital Rights will enter into force. It enshrines the concept of digital law in the Civil Code of the Russian Federation and regulates the use of smart contracts. According to the Chairman of the State Duma Committee on State Building and Legislation Pavel Krashennikov, it is this law that is fundamental for regulating relations in the digital economy. As reported on the website of the faction "United Russia", the official is convinced […]
Economy
Former US Fed spokesman Simon Potter said he saw no reason to replace the dollar in international payments with digital currency. Such a plan was previously expressed by the Chairman of the Bank of England, Mark Carney, reports BNN Bloomberg. “I don’t see any sound arguments in favor of something so complicated if we have huge and highly liquid markets in the USA. If not […]
Following the launch of Bakkt Bitcoin futures trading on Monday, the company's executive director Kelly Loffler listed three reasons why this event should be considered an important milestone for the entire cryptocurrency industry. Noting that the launch of the service is an important step towards building a cryptocurrency infrastructure, Loffler also said that Bakkt’s mission is to expand access […]
The developers of the Waves blockchain platform announced the need to take another step towards sustainable growth and financial stability, the essence of which is to update the existing economic model. In a broader sense, representatives of Waves argue, the cryptocurrency sphere should become a full-fledged economy, and not existing with donations. According to them, today there is a trend of deficit of WAVES tokens, since their number […]
The German government has adopted a blockchain regulation strategy that prohibits the issuance of any parallel digital currencies in the country, including Facebook's Libra. It is reported by Reuters. According to the adopted strategy, the cabinet of Angela Merkel considers it necessary to accelerate the digital transformation of the German economy and the development of blockchain technology as a structural element of the future Internet. At the same time, the policy of the authorities should protect the economy from the risks associated with […]
The latest steps of the Federal Reserve System (FRS) in the foreign exchange market may cause a new wave of bitcoin price growth. This opinion was expressed by a number of well-known representatives of the cryptocurrency industry. On Tuesday, September 17, a sharp increase in rates on the repo market (securities purchase / sale transactions with an obligation to resell them) forced the Fed to resort to providing for the first time in the last ten years […]
Huobi Group has continued to expand its network of local cryptocurrency exchanges based on the Huobi Cloud platform, launching a trading platform in Argentina. Huobi Argentina plans to create a local team and fiat gateway to trade or convert Argentine pesos into cryptocurrencies, the company said in a statement. The payment channel will be launched by mid-October. Huobi Argentina users are expected to be able to deposit […]
The authorities of Inner Mongolia decided to limit cryptocurrency mining in the territory of this autonomous region of the PRC. This is reported by managing partner of Primitive Ventures Dovi Wang, citing local media. JUST IN h / t @ChainNewscom Regulatory bodies from Inner Mongolia will dedicate resources in restricting cryptocurrency mining within the province Xinjiang and Inner Mongolia are where most coal […]
Armor analysts have discovered a new service on the darknet. Hackers break into bank accounts and sell stolen funds for only 10-12% of their real value in BTC equivalent. Hackers offer to send funds to both a bank account and PayPal using Western Union. In one case, the buyer purchased $ 10,000 for $ 800, the report said. AT […]
Tom Lee, co-founder of Fundstrat analytical agency, said investors buy bitcoin when they are confident in a stable economy and geopolitical situation. In an interview with CNBC, the optimistic bitcoin said that the growth of the first cryptocurrency coincided with the best profitability of the S&P 500. According to Lee, bitcoin thrives when the index grows by more than 15% per year. Bitcoin has fallen 12% […]