Senator Cynthia Lummis has drafted a new cryptocurrency bill
Cynthia Lummis, a senator from the state of Wyoming, has drafted a new bill to comprehensively regulate the cryptocurrency market. The document will be submitted to Congress as early as this year. Senator Cynthia Lummis has repeatedly made herself known as a supporter of digital…
Will bitcoin replace dollar?
Rapper Cardi B asked on Twitter whether bitcoin has a chance of replacing the American dollar. Famous billionaire Jack Dorsey gave an affirmative answer. Jack Dorsey, the former chairman of Twitter, is famous for his pro-bitcoin sentiments. He abandoned his own company in order to…
Turkey investing in cryptocurrencies
The Turkish lira is currently the weakest currency in the world. The currencies of other countries have gotten 100% stronger compared to it. In the face of hyperinflation, Turks have started investing in digital assets in droves, especially in bitcoin. The cryptocurrency market in Turkey…
Dubai will improve the cryptocurrency market
The Dubai authorities have announced that the government business complex Dubai World Trade Center is to become a cryptocurrency market regulator. The main goal of this enterprise is to promote investing in digital assets. Dubai, a city located in the middle of a desert, has…
Work is underway to integrate Instagram with NFT
The creators of Instagram are working non-stop to implement NFT technology into their service. It will make tagged posts and photos unique, like physical objects, and prevent them from being copied. Work on Instagram’s integration into the NFT marketplace has been underway for at least…
Will Russia ban cryptocurrency trading?
Russian central bank intends to ban investment in cryptocurrencies. It argues its decision, among other things, with the use of digital assets in criminal activities. Russian policymakers have previously expressed their scepticism towards cryptocurrencies. It looks like they will ban digital assets trading soon. The…
ASA bans cryptocurrency ads
The UK advertising regulator has banned cryptocurrency advertising by exchanges such as Coinbase, Kraken, eToro and Exmo. The reason for this decision is allegedly to mislead unwitting consumers. The Advertising Standards Authority (ASA for short), the institutional regulator of advertising in the UK, has issued…
Cyber attack on AscendEX cryptocurrency exchange: $77 million worth of assets stolen
A few days ago the well-known cryptocurrency exchange AscendEX fell victim to hackers. Cybercriminals gained access to user accounts. The losses are estimated at around $77 million. The AscendEX exchange announced on Twitter that its online platform, which is used by tens of thousands of…
Tether (USDT) will be the official currency in Myanmar
National Unity Government (NUG) in Myanmar will approve the tether as the official currency. This is partly to address the problem of funds being seized by the ruling military regime. Myanmar’s National Unity Government (NUG), which brings together supporters of jailed Aung San Suu Kyi,…
SEC fails to include cryptocurrencies in new regulations. Hester Peirce and Elad Roisman are disappointed
Despite a thriving cryptocurrency market, it is still not sufficiently regulated. This creates numerous complications and dangers for investors. Hester Peirce and Elad Roisman are openly voicing their disapproval of the new programme of the US Securities and Exchange Commission, of which they are members….