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🚨🚨🚨Russia says it has received applications from 150 Bitcoin miners.
In a conversation with local media, Daniil Egorov said that the regulation of Bitcoin miners is being done “very, very carefully, slowly, step by step” due to the complexity of the industry.
November 22, 2024 by Henrique HK
Daniil Egorov, director of the Russian Federal Revenue Service, said he has received about 150 applications from Bitcoin miners wishing to operate in the country. Russia legalized mining earlier this month, when it began receiving these applications.
Before that, the Central Bank of Russia recommended that local companies use cryptocurrencies to circumvent sanctions imposed by the US and European Union countries.
Source: Livecoins
Regarding mining, President Vladimir Putin said he was concerned about this industry. This is because its high energy consumption could cause blackouts in certain regions. Therefore, this explains the reason for the regulation.
US Bitcoin Reserve During Trump Presidency Could Raise BTC to US$ 1 Million🥳🤑
Bitcoin's strategic reserve could prime Bitcoin's price for a valuation above $$ 1 million this market cycle, according to Adam Back. Source: Cointelegraph
💰 Binance Adds New Cryptos for Card Purchase in Brazil
Binance now allows the purchase of five new cryptocurrencies in Brazil with credit and debit cards, including ARB, ID, RDNT, TUSD, and USDC. The exchange also offers recurring purchases
Russia plans to restrict cryptocurrency mining in 13 regions to save electricity
If approved, the restrictions would seriously affect Russia’s cryptocurrency mining operations, as some major local companies in the sector have a significant presence in regions such as Irkutsk.
🚨🚨🚨Cryptocurrency regulation won't stop here, says consultant to the Central Bank of Brazil 🇧🇷💩
About to regulate cryptocurrency brokers, the Central Bank of Brazil is already keeping an eye on the ecosystem to remain alert to the risks that it believes require greater oversight.
In a lecture this Wednesday (20), during the panel “Central Bank: Guidelines for Cryptoassets in 2025”, at the Criptorama event, Antonio Marcos Fonte Guimarães (Consultant at the Office of the Department of Regulation of the Financial System of the Central Bank), spoke about some points that the BCB is currently studying.
According to Antonio, the central bank was considering allowing the cryptocurrency market to adopt self-regulation. However, when Facebook decided to launch its own cryptocurrency, Libra, regulators turned on the alert.
Although Facebook's cryptocurrency never reached the market, with the project abandoned years ago, the BCB consultant recalls that another event impacted the market in 2019. This is because GaFi began to recommend the regulation of cryptocurrencies, especially for entities that mediate transactions.
🚨🚨🚨Digital real will not increase state control, says Drex coordinator 💩💩💩 During the Criptorama 2024 event, promoted by the Brazilian Cryptoeconomics Association (Abcripto), Drex coordinator at the Central Bank, Fabio Araujo, stated that the digital real, known as Drex, will not increase the Central Bank's control or visibility over the population's personal finances.
As Araujo emphasized, Drex's operation will be decentralized, conducted by several “nodes” managed by financial institutions participating in the pilot project.
According to a report by Valor Econômico, Araujo explained that Drex does not adopt a state-mandated know-your-customer (KYC) process for all users. According to him, the network operates with pseudo-anonymity and can be enhanced with zero-knowledge proof (ZKP) solutions. In practice, this would make it difficult to individually analyze transactions.
“The participants operate us and we do not perform KYC on anyone. Only the banks have access to this data, as is the case today,” he stated.
The Drex project is currently in its second phase, with registrations open for new consortiums until November 29. Araujo stressed the importance of the entry of new participants to further decentralize the system, which is currently made up mostly of large banks. Source: CriptoFácil
💰 Binance has announced BFUSD, a margin asset for futures trading with an annual yield of 19.55%.
The exchange clarified that it is not a stablecoin, despite its name, and that the asset has not yet been launched. BFUSD can be used as collateral and generates daily returns via airdrops. Additionally, Binance will discontinue BUSD in February 2024, encouraging migration to FDUSD due to regulatory pressures in the US.
Tether, the issuer of USDT, has announced the launch of the Hadron platform, which aims to simplify the tokenization of various assets, such as stocks, bonds and loyalty points. The initiative focuses on the secure and regulated issuance of tokens, spanning multiple blockchains and Bitcoin Layer 2 solutions, with the aim of popularizing tokenization on a global scale.
🚨🚨Police seize R$$ 5 million in assets from couple suspected of laundering with cryptocurrencies The couple under investigation was the target of an operation on suspicion of loan sharking, money laundering, and threats to victims through extortion. November 14, 2024 by Gustavo Bertolucci The Civil Police of Espirito Santo launched Operation Aggio against a couple suspected of loan sharking, money laundering, and threats of extortion against victims. During the investigation, the police found more than a thousand cryptocurrency transactions through Binance Smart Chain. The police action took place on the northern coast of Espirito Santo, in the municipality of São Mateus. Although the operation was carried out on November 1, it was only on the 8th of this month that the PCES concluded the investigations. The investigations indicated that the victims were threatened with death if they did not pay off their debts, and were forced to transfer movable and immovable property as collateral to the suspects. With information from PCES Communications. Couple made more than a thousand cryptocurrency transactions on Binance Smart Chain, according to police investigation The head of the Specialized Criminal Investigations Unit (Deic) in São Mateus, officer José Eustáquio, explained that the investigations began in July of this year, after the victims contacted the police, reporting that they were being extorted in connection with loans from loan sharks.
🚀🚀PancakeSwap Launches Telegram Swap Bot for Accessible Cryptocurrency Trading PancakeSwap’s new Telegram bot allows users to trade over 3,000 tokens directly through the app, highlighting the growing accessibility of DeFi. PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has launched a bot on Telegram that allows users to trade cryptocurrencies directly through the messaging app. The bot currently supports trading of over 3,000 tokens, potentially making decentralized finance (DeFi) trading more accessible to a wider audience familiar with Telegram. The Telegram Swap Bot will allow users to trade tokens on PancakeSwap v2, v3, and stableswap on the BNB Chain. While there are concerns about the security and implications of trading on a messaging app not dedicated to finance, the move reflects a broader trend of expanding adoption of mainstream DeFi services.
💰 Hyperbridge has launched on Polkadot, offering a secure and scalable solution for communication between blockchains such as Ethereum, BNB Chain and Arbitrum, using ZK-Proofs to enable the development of interconnected decentralized applications.
Trump nominates pro-Bitcoin Matt Gaetz as US Attorney General
Gaetz’s nomination as US Attorney General signals a potential shift in the Justice Department’s stance on cryptocurrencies, innovation and regulatory policies.
World Liberty Financial (WLFI) has partnered with Chainlink to integrate its Price Feeds on Ethereum, supporting the launch of the Aave v3 instance. The initiative aims to drive DeFi adoption and provide access to assets such as USDC, USDT, ETH, and WBTC, aligning with the company’s mission to democratize finance and support the dollar as the global reserve currency.
😎🚀Donald Trump's Crypto Platform Announces Partnership with Chainlink for DeFi Oracles
World Liberty Financial (WLFI), a decentralized finance platform linked to US President-elect Donald Trump and launched during the campaign, has announced a new integration with Chainlink's price oracles.
As revealed by WLFI, the integration aims to offer reliable real-time data to users. In addition, the partnership aims to leverage WLFI's DeFi project, which aims to bring more security and transparency to the crypto sector.
🔹DeFi Technologies Launches CoreFi Strategy for Bitcoin and CORE Exposure
DeFi Technologies will launch CoreFi Strategy in early 2025, allowing investors to access Bitcoin and the Core blockchain’s CORE token. Inspired by companies like MicroStrategy, the fund aims to capture value in the Bitcoin staking ecosystem, offering attractive yields through accumulation strategies and regulated exposure to crypto assets.