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The position of the Russian regulator has become increasingly restrictive towards cryptocurrencies in 2021. By the start of 2022, we have received several reports of further legislative moves that Moscow is allegedly studying. The positions on the issue in the country are different, and, to date, the direction of the policymakers is unclear. In this article, we provide an overview of the situation, reporting the opinion of several prominent people on this topic. An evolving situation At the moment, in…

Among the many benefits of cryptocurrencies, the world is discovering the help they can bring to poorer countries. In addition, cryptocurrencies can play an important role when centralized money isn't easily accessible. As an example, today, we will talk about an exciting story from South Africa. In this region, in sub-urban areas, Bitcoin adoption could change the lives of several people. Hermann Vivier and Bitcoin Ekasi Increasingly, we hear stories demonstrating the growth of cryptocurrencies in geographic areas with challenging…

Ethereum’s bright-minded co-founder has had another World-of-Warcraft-inspired idea for the Ethereum ecosystem. He recently posited that some NFTs should become untradeable to people who haven’t met the item’s conditions. While hurting the marketability and speculative side of NFTs, this could increase their value as signifiers of specific achievements/ value. "Soulbound" NFTs Vitalik aired his thoughts on the subject in yesterday's blog post titled “Soulbound”. Soulbound items in World of Warcraft refer to those it cannot trade to other players. These…

The International Monetary Fund (IMF) has re-stated its disapproval of El Salvador’s Bitcoin Law.  President Nayib Bukele responded with mockery over social media – as with all of his nation's critics. Even Edward Snowden called out the institution.  IMF Wags its Finger on Bitcoin The institution made its grievances public in a statement from its website on Tuesday. Though it recognized El Salvador’s economic solid recovery after the pandemic, it doesn’t think the Bitcoin law is helping:  “The adoption of…

MyCointainer, a cryptocurrency staking platform, recently raised more than $6 million in a Seed A funding round. The Polish startup will use these funds to help develop and expand its yield earning platform to Asian, European, and Middle Eastern countries.  What Is MyCointainer? MyCointainer’s funding round includes top names within the crypto industry, including Maple Block, Shima Capital, and ByBit exchange. Each of these organizations has a history investing in some of the most successful names in crypto, including 1Inch,…

NFTs and jpegs are about to become a bit more distinct – at least on Twitter. The social media platform is rolling out a new feature to register Ethereum NFTs as their profile pictures. As a result, these NFTs appear hexagonal rather than traditional PFPs that use a circle. Twitter Embraces NFTs Twitter Blue – the microblogger’s subscription service – announced its NFT integration on Thursday. It stated that due to popular demand, NFT Profile Pictures had begun rollout in…

In the pre-covid era, the gaming giant GameStop experienced a slow decline in its sales, surpassed by the online market and the success of streaming gaming platforms. Luck would have it that a group of willing to do anything traders brought this company back into fashion via a popular group on Reddit. Many have seen a parallel between the retail investing community that boosted GameStop's share price and that which invests in cryptocurrencies. Today, the paths of the crypto world…

Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…

Pakistan's authorities consider a complete ban on crypto after a scandal that cost thousands of investors $100 million. A committee headed by the bank's deputy governor recommended a complete ban on crypto. On Thursday, Sima Kamil, deputy governor of the State Bank of Pakistan (SBP), submitted the findings to the provincial court. After a careful risk-benefit analysis, it emerged that risks of cryptocurrency far outweigh its benefits for Pakistan. The committee cited concerns over the balance of payments, losses to…