🪙 Crypto and Blockchain News (December 8, 2023):

1️⃣ RIA: On December 7, the State Duma of the Russian Federation passed a law envisioning the integration of the digital ruble into the system of tax regulation and control. The document introduces the concept of a "digital ruble account" into the Tax Code. Starting from January 1, 2025, the new asset can be seized in case of insufficient or absence of other funds in the citizen's account. 📌

2️⃣ Binance: Developers of the #binance Web3 Wallet have completed the integration of Bitcoin, Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), and Sei (SEI) networks into the wallet application. Now users can make token transfers in these blockchains through the exchange's extension. 🌐

3️⃣ The Block: The Babylon project, focused on using Bitcoin for staking, raised $18 million in a Series A funding round led by Polychain Capital and Hack VC. Among other investors are Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. Babylon provides users with the opportunity to stake #btc in systems using the Proof-of-Stake mechanism and generate income. The protocol is designed to enhance the security of other blockchains. 💰

4️⃣ The Block: Developers of the Xion platform, which defaults to using USDC as a payment method, launched a testnet with a focus on "generalized abstraction" — an infrastructure solution aimed at simplifying user interaction with Web3. The #technology does not involve the direct use of accounts, signatures, and other processes typical for interacting with crypto-assets. Users can utilize the network relying on Web 2.0 methods such as email and Passkey technology. 🔗

5️⃣ Bloomberg: A U.S. district judge in Seattle has prohibited #cz from returning home to the UAE — he will remain in the country until the court hearing on February 23. ⚖️ Keep track of the developments of this event and share your thoughts in the comments!

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