Draft legislation on the digital ruble, the CBDC issued by Russia’s monetary authority, has been submitted by a group of Russian legislators headed by the Chairman of the Financial Market Committee Anatoly Aksakov. Moreover, the paper proposes amendments to the law that would pave the way for its implementation. The
Robert Kiyosaki, the author of the book Rich Dad, Poor Dad, has highlighted the fundamental motivation for his investment in bitcoin. The famous author has speculated that limits imposed by the SEC would “crush” most other crypto tokens. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in
Shortly after being the fourth-largest crypto ATM hub in the world, El Salvador was overtaken by Australia. To the dismay of Bitcoin (BTC) pioneers in El Salvador, Australia has installed 216 cryptocurrency ATMs as we enter the year 2023, pushing the Central American nation further down the list. President Nayib
After being the first African nation to legalize bitcoin over eight months ago. The Central African Republic (CAR) has announced it would not list its “Sango” digital currency. Sango Coin’s marketing staff apparently made the announcement in a Telegram channel, citing “current market conditions” as the reason. The CAR group
There will be no further releases of the app that generates the stablecoin Vader Protocol US Dollar (USDV), its creators said on December 29. Like the doomed Terra network, Vader protocol was an algorithmic stablecoin network. It was hoped that encouraging arbitrages would ensure that USDV would always be worth
Bitfarms’ CEO, Emiliano Grodzki, has resigned in the wake of the bear market, following a long line of leaders in the cryptocurrency industry who have left their posts this year. Geoffrey Morphy is promoted from president and COO to CEO at the mining firm. Here is what Morphy had to
Giorgia Meloni, the prime minister of Italy, has pushed through a bill that would tax the sale of digital assets. Italy’s planned budget for 2023 includes a 26% tax on cryptocurrency earnings above €2000. Cryptocurrency dealers in the nation will feel the effects of the ruling. And taxpayers who report
According to the SHIB burn tracker Shibburn, the Shiba Inu burn rate has increased by an astounding 13,198% during the last 24 hours. Whales’ comeback and the early 2023 release of the Layer-2 blockchain technology Shibarium are both factors in the high burn rate. The recent rise in volatility is
On Saturday, the Dogecoin Foundation made an exciting announcement for the Dogecoin community. For the greater good of the Dogecoin ecosystem as a whole, the foundation has established a new community Dogecoin Core development fund. In response, the Dogecoin community rallied, sending DOGE’s price up by more than 2% in
According to a U.S. Securities and Exchange Commission (SEC) filing made on Thursday. Investment giant BlackRock (BLK) has pledged $17 million to insolvent bitcoin miner Core Scientific (CORZ). As part of a fresh $75 million loan from the miner’s secured convertible note holders. According to data from FactSet, BlackRock is
