Russia legalizes Bitcoin and cryptocurrency mining
Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system.
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Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin
As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).The price of Ether against the price of Bitcoin. Source: SkewThroughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user…

VanEck eyes $350 Solana price, Tornado Cash dev to face criminal trial: Finance Redefined
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.

US Secretary of State Wants to Regulate BTC Like Other E-Transactions
United States Secretary of State Mike Pompeo believes that Bitcoin (BTC) should be regulated the same way as other electronic financial transactions.Security risks of reduced governmental monitoringIn an interview on Squawk Box on Aug. 20, Pompeo pointed out the risk of anonymous transactions associated with crypto, saying:“The risk with anonymous transactions is one that we…

Scientists claim to have designed a fully decentralized stablecoin pegged to electricity
The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. 298 Total views 3 Total shares Researchers at the federally-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a stablecoin they call Electricity…

Sony’s L2 blockchain Sonieum goes live amid community backlash
Sony’s Soneium mainnet launched, aiming to simplify Web3 with NFT-driven fan engagement, but it got off to a rocky start.

Malta’s Financial Watchdog Warns of Repeat Offender Bitcoin Scam
The Malta Financial Services Authority (MFSA) has warned of a new Bitcoin (BTC) scam that shares the same characteristics as a previously identified entity.The watchdog issued its warning on Oct. 31.Opportunity for fraudThe MSFA cautions the public that an entity dubbed “Bitcoin Future” appears to display “the same deceitful characteristics” as a separate scam, dubbed…

Taiwan officials launch inquiry into crypto betting on election results: Report
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election. 149 Total views 2 Total shares With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on

Central Banks — A Bad Influence on Decentralized Finance
Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating today — so-called broad money — represents a specific type of credit–debt relationship.This relationship is at the heart…