Are you interested in reading some current news articles?
📍 The Ministry of Economic Development of Russia criticized the bill proposed by the State Duma on the regulation of the crypto industry and cryptocurrency operations. The ministry claims that the nature of crypto assets will not allow the state to effectively protect their holders. And the adoption of the bill will push cryptocurrency market participants to look to foreign jurisdictions. This in turn will cause significant losses for the Russian economy. Russia tries to protect itself against capital flight for this reason. Does this have to do with the pronounced devaluation of the ruble and the intention of capital to seek refuge in Bitcoin?
📍 According to the analytical portal Etherscan, the number of Ethereum addresses reached 100 million. The founder of the project, Camilla Russo, points out on Twitter that this figure is ten times the number of Internet users when it was formed in 1995. Don't you think it's really good future projection data?
📍 On the e-commerce platform xetra, which is part of the exchange of Deutsche Börse, the release of the Crypto product from Bitcoin Exchange (BTCE) will take place. The event will take place before the end of the month and the British company ETC Group will be responsible for its marketing, which will also act as counterparty for the new instrument.
📍 Another class action lawsuit has emerged in the US against Bitmex and the prosecution's demand is added. Another of four that he has. Accused of carrying out illegal activities in the United States. According to the lawsuit, the platform provided services to US residents, without the corresponding license. The plaintiffs demand compensation for bad practices, return of what was lost and million-dollar penalties from the prosecutor's office. If this prospers, it would have a very strong liability against its treasury to bear. In the worst case, I don't know what could happen. This is worrying other brokers who play in the same league and regulated brokers are pushing for fair competition in the market. Should traders be protected in any broker, as consumers of speculation?
📍 The analytical company coinmetrics A new study concluded that at least 80% of all stable coins They store less than six wallets from each separate network, indicating the presence of centralized problems in the stablecoin market. Do you want to know what a Stable Coin is? I'll tell you about it in this link on our educational platform Academy «Stablecoin».
📍 The regulated platform for trading and storing digital derivatives Bakkt and the cryptocurrency bank Mike Novogratz Galaxy Digital have partnered to create a trading and custody solution for institutional investors.
📍 The Central Bank of South Korea has published an economic development program until 2030, which mentions the development of the national digital currency (CBDC). The document says the Bank of Korea is ready, following central banks and companies in other countries, to expand the use of fintech. In my opinion, a new step for de-dollarization.
📍 According to the analysis company in Glassno, 80% of ether holders remain in positive territory, despite a significant reduction in prices from an all-time high. This is the third time in the history of the cryptocurrency market, when the return on investment in ETH has reached such indicators. Is ETH continuing to advance or is it stagnating?
Continue reading: Bitcoin, Taxes, Treasury from the point of view of José Antonio Bravo
