Elon Musk just confirmed he will not be selling his Bitcoin, Ethereum, or Doge
#news
#news
Environmental sustainability key sticking point in EU MiCA bill
The European Union’s MiCA bill has had a line related to environmental sustainability
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU.
The EU accounts for about 12-14% of the global hash power on the Bitcoin network, with Germany and Ireland contributing the majority of that according to last year’s data from Cambridge University and Statista.
According to a report by Frankfurt School last November, as of August 2021, the Bitcoin network annually required 90.86 Terrawatt hours (Tw/H) of energy. That is about 0.05% of total global consumption. The network is responsible for only around 0.08% of the total global carbon emissions, though these metrics are very difficult to calculate accurately.
French MP Pierre Person warned that a prohibition on mining would drive talent and innovation out of the region. He said in a March 12 tweet that by banning Bitcoin and Ethereum (ETH), and “complicating the use of NFT and DeFi, the European Parliament is mortgaging our monetary and financial sovereignty.”
If the bill is passed as-is, Ethereum will not be involved for long. The network is expected to complete “The Merge” at some point this year which will make it a proof-of-stake (PoS) network that will not require physical mining rigs to reach network consensus. There may be more serious ramifications for Bitcoin miners, however.
The European Union’s MiCA bill has had a line related to environmental sustainability
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU.
The EU accounts for about 12-14% of the global hash power on the Bitcoin network, with Germany and Ireland contributing the majority of that according to last year’s data from Cambridge University and Statista.
According to a report by Frankfurt School last November, as of August 2021, the Bitcoin network annually required 90.86 Terrawatt hours (Tw/H) of energy. That is about 0.05% of total global consumption. The network is responsible for only around 0.08% of the total global carbon emissions, though these metrics are very difficult to calculate accurately.
French MP Pierre Person warned that a prohibition on mining would drive talent and innovation out of the region. He said in a March 12 tweet that by banning Bitcoin and Ethereum (ETH), and “complicating the use of NFT and DeFi, the European Parliament is mortgaging our monetary and financial sovereignty.”
If the bill is passed as-is, Ethereum will not be involved for long. The network is expected to complete “The Merge” at some point this year which will make it a proof-of-stake (PoS) network that will not require physical mining rigs to reach network consensus. There may be more serious ramifications for Bitcoin miners, however.
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PayPal CEO: Crypto will redefine the financial world.
The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.”
The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.”
A bill has been introduced in the California legislature that could establish bitcoin as legal tender in the state
California bitcoiners are hoping to make the state the first to accept the cryptocurrency as legal tender, even if it means going up against the US Constitution.
The goal is to establish bitcoin as legal tender in the state, but the process is complicated, according to Ian Calderon, former California State Assembly majority leader and principal of political advocacy group Majority Advisors.In January, Arizona State Sen. Wendy Rogers introduced a bill that would legalize bitcoin as legal tender in the state.
California bitcoiners are hoping to make the state the first to accept the cryptocurrency as legal tender, even if it means going up against the US Constitution.
The goal is to establish bitcoin as legal tender in the state, but the process is complicated, according to Ian Calderon, former California State Assembly majority leader and principal of political advocacy group Majority Advisors.In January, Arizona State Sen. Wendy Rogers introduced a bill that would legalize bitcoin as legal tender in the state.
Treasury Secretary reveals positive tone for crypto executive order
US Treasury Secretary Janet Yellen has given hints about how the Treasury Department will implement the executive order on crypto expected from President Joe Biden this week.Secretary Yellen reveals readiness to implement pro-crypto executive order.
With indications that the new executive order will bring much-needed clarity to crypto regulations, Secretary Yellen appears to have backtracked her earlier sentiments as she revealed that the department was willing to work with other federal agencies and international bodies to ensure a global standard for the digital assets industry.
#news
US Treasury Secretary Janet Yellen has given hints about how the Treasury Department will implement the executive order on crypto expected from President Joe Biden this week.Secretary Yellen reveals readiness to implement pro-crypto executive order.
With indications that the new executive order will bring much-needed clarity to crypto regulations, Secretary Yellen appears to have backtracked her earlier sentiments as she revealed that the department was willing to work with other federal agencies and international bodies to ensure a global standard for the digital assets industry.
#news
What is Solana?
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.
What is Solana DeFi?
DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries
Why did we choose Solana?
Cause the арреаl оf DеFi is сlеаr: ореn and еаѕilу accessible аltеrnаtivе tо еvеrу financial ѕеrviсе imаginаblе, such as ѕаvingѕ accounts, insurance, lоаnѕ, trading, аnd mоrе.
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.
What is Solana DeFi?
DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries
Why did we choose Solana?
Cause the арреаl оf DеFi is сlеаr: ореn and еаѕilу accessible аltеrnаtivе tо еvеrу financial ѕеrviсе imаginаblе, such as ѕаvingѕ accounts, insurance, lоаnѕ, trading, аnd mоrе.
Forwarded from Crypto | Bitcoin | Ethereum | Altcoin | News
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"Within the next 5-10 years, almost everyone with a smartphone will use crypto."
Dan Morehead, Pantera Capital CEO/founder, talks with @MattMiller1973 & @SonaliBasak about the price of bitcoin, digital assets.
©️Cryptocurrency Inside
Dan Morehead, Pantera Capital CEO/founder, talks with @MattMiller1973 & @SonaliBasak about the price of bitcoin, digital assets.
©️Cryptocurrency Inside
Russia's biggest bank Sberbank gets permission to exchange crypto, as sanctions hobble transfers of dollars
Russia's central bank has granted Sberbank a license to issue and exchange crypto as sanctions hit its forex transfers.The Bank of Russia on Thursday added the lender to its register of companies allowed to issue digital financial assets, and also granted a license to ecosystem operator Lighthouse.
Sberbank, which applied in January to launch a stablecoin, said it will let companies issue their own crypto assets, Reuters reported. It will buy those released via its blockchain-based platform and carry out other transactions.The licenses mark a shift for the Bank of Russia, which has called for an outright ban on crypto usage, mining and trading in the country
Russia's central bank has granted Sberbank a license to issue and exchange crypto as sanctions hit its forex transfers.The Bank of Russia on Thursday added the lender to its register of companies allowed to issue digital financial assets, and also granted a license to ecosystem operator Lighthouse.
Sberbank, which applied in January to launch a stablecoin, said it will let companies issue their own crypto assets, Reuters reported. It will buy those released via its blockchain-based platform and carry out other transactions.The licenses mark a shift for the Bank of Russia, which has called for an outright ban on crypto usage, mining and trading in the country
We are happy to announce our CleanDefi Bot
You can always find our company updates here together with other important information 🐬🔥
https://news.1rj.ru/str/cleandefi_bot
You can always find our company updates here together with other important information 🐬🔥
https://news.1rj.ru/str/cleandefi_bot
We want to remind you about our main features. What are they?
CleanDefi unique features.
Why CleanDefi is diiferent? As Solana system is growing fast, our team decided to develop universal DEX aggregator based on Solana: our scanning module retrieves the exchange rates among Solana liquidity pools to provide the best exchange rate to our client. There is still no such platform on Solana and CleanDefi will be the first one.
Compared to centralized exchanges, decentralized exchange protocols use different strategies to ensure liquidity without the need for a central custodian. In the absence of order books and matching engines, many DEX platforms utilize AMMs to facilitate transactions via liquidity pools. These pools operate using smart contracts that dictate the conditions of each trading pair. However, because these transactions occur on-chain, they are subject to variable gas fees In times of high network congestion, gas fees rise rapidly, disincentivizing trading activity and putting negative pressure on liquidity.
Why CleanDefi is diiferent? As Solana system is growing fast, our team decided to develop universal DEX aggregator based on Solana: our scanning module retrieves the exchange rates among Solana liquidity pools to provide the best exchange rate to our client. There is still no such platform on Solana and CleanDefi will be the first one.
Compared to centralized exchanges, decentralized exchange protocols use different strategies to ensure liquidity without the need for a central custodian. In the absence of order books and matching engines, many DEX platforms utilize AMMs to facilitate transactions via liquidity pools. These pools operate using smart contracts that dictate the conditions of each trading pair. However, because these transactions occur on-chain, they are subject to variable gas fees In times of high network congestion, gas fees rise rapidly, disincentivizing trading activity and putting negative pressure on liquidity.
Today we would like to tell you more about CleanDefi features.
What are they?
• First universal scanning module like 1Inch, but based on Solana
• Low costs and best rates
• User Friendly UI/UX as beautiful interface from the ground up
• Optimized pricing formula for better capital efficiency
• Ultra fast transactions due to Solana network
• Swap, Stake and Farm.
• NFT marketplace
What are they?
• First universal scanning module like 1Inch, but based on Solana
• Low costs and best rates
• User Friendly UI/UX as beautiful interface from the ground up
• Optimized pricing formula for better capital efficiency
• Ultra fast transactions due to Solana network
• Swap, Stake and Farm.
• NFT marketplace
Why CleanDefi is different?
As Solana system is growing fast, our team decided to develop universal DEX aggregator based on Solana: our scanning module retrieves the exchange rates among Solana liquidity pools to provide the best exchange rate to our client. There is still no such platform on Solana and CleanDefi will be the first one.
Compared to centralized exchanges, decentralized exchange protocols use different strategies to ensure liquidity without the need for a central custodian. In the absence of order books and matching engines, many DEX platforms utilize AMMs to facilitate transactions via liquidity pools. These pools operate using smart contracts that dictate the conditions of each trading pair. However, because these transactions occur on-chain, they are subject to variable gas fees In times of high network congestion, gas fees rise rapidly, disincentivizing trading activity and putting negative pressure on liquidity.
#Solana #CleanDefi
As Solana system is growing fast, our team decided to develop universal DEX aggregator based on Solana: our scanning module retrieves the exchange rates among Solana liquidity pools to provide the best exchange rate to our client. There is still no such platform on Solana and CleanDefi will be the first one.
Compared to centralized exchanges, decentralized exchange protocols use different strategies to ensure liquidity without the need for a central custodian. In the absence of order books and matching engines, many DEX platforms utilize AMMs to facilitate transactions via liquidity pools. These pools operate using smart contracts that dictate the conditions of each trading pair. However, because these transactions occur on-chain, they are subject to variable gas fees In times of high network congestion, gas fees rise rapidly, disincentivizing trading activity and putting negative pressure on liquidity.
#Solana #CleanDefi
European crypto regulatory framework goes to three-way consideration without PoW ban
The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause.
The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over.
MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the institutions of the European Union and its member states. The draft was introduced by the European Commission back in 2020 as a part of its Digital Finance strategy.
Early on Friday, Berger confirmed that MiCA avoided the challenge in the EU parliament and will pass to three-way consideration. He shared his optimism about the next steps of the process and mentioned putting forward a proposal to include cryptocurrency mining activities in the EU taxonomy.
#news
The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause.
The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over.
MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the institutions of the European Union and its member states. The draft was introduced by the European Commission back in 2020 as a part of its Digital Finance strategy.
Early on Friday, Berger confirmed that MiCA avoided the challenge in the EU parliament and will pass to three-way consideration. He shared his optimism about the next steps of the process and mentioned putting forward a proposal to include cryptocurrency mining activities in the EU taxonomy.
#news