Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones. Local media have stated that members of the group think the change would make the community safer from fires. The plan is to outlaw cryptocurrency mining nationwide, or at
A new President has been named at Ripple, a cryptocurrency firm. Former SVP/GM Monica Long has been named the company’s new President. Long has been a part of Ripple since 2013. In addition, the statement highlighted Long’s role in the development of the Ripple ecosystem, including her work on the
Custodia Bank’s application for membership in the Federal Reserve System was rejected by Federal Reserve Board in the United States. This was on the grounds that the bank’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.” The Fed also noted that Custodia’s risk management
The goal of a new measure proposed in the New York State Senate is to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. To do so would mean accepting cryptocurrency as payment for a variety of state-issued fines, taxes, and other levies. Bitcoin,
The launch of Stablecoin on the Cardano (ADA) network is much anticipated by ADA holders. According to the COTI blog, the company is collaborating in the development of the stablecoin on the ADA blockchain, which is expected to emerge in the coming weeks. The debut date is currently unknown, however,
Bloomberg claimed on January 26 citing anonymous sources that Moody’s was working on a scoring system for stablecoins. That would include assessments for up to 20 digital assets. Moody’s is a credit rating agency that publishes evaluations of credit risk. In the form of ratings for publicly listed firms. The
A Bitcoin spot ETF has been denied approval by the SEC yet again. ARK Invest, led by Cathie Wood, and 21Shares, a provider of cryptocurrency exchange-traded funds (ETFs), tried again with their strategy to launch the Bitcoin ETF, but were unsuccessful. The original filing date was May 13 of last
As the cryptocurrency market began to rebound in January, Dogecoin also saw a 30% increase in value. The price of DOGE has dropped somewhat over the last two days due to a general market selloff but gained little momentum today. Also, owing to traders’ lack of interest, whales have been
In its most recent financial report, published on Wednesday, Tesla said that it had neither acquired nor sold any Bitcoin in the fourth quarter of 2022. However, the electric vehicle maker recorded $34 million in impairment charges as the value of its Bitcoin assets fell to $184 million from $218
The direction of American consumer activity has been closely watched by economists. Who were waiting for today’s data to see what they reveal. The latest Gross Domestic Product (GDP) Report confirms that the U.S. economy grew at an annualized rate of 2.9% in the fourth quarter, above analysts’ estimates. The
