🇺🇸Senator Cynthia Lummis proposed equating cryptocurrencies with traditional assets in the United States
☝️Wyoming Senator Cynthia Lummis has revealed details of a bill on the regulation of cryptocurrencies, which she plans to introduce by the end of 2022. According to her, the document will adapt the US legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. However, there will be nothing about NFTs in the bill, as it is unclear how to classify them. Lummis made this known in an interview with Axios.
https://getblock.net/en/news/senator-cynthia-lummis-proposed-equating-cryptocurrencies-with-traditional-assets-in-the-united-states/
☝️Wyoming Senator Cynthia Lummis has revealed details of a bill on the regulation of cryptocurrencies, which she plans to introduce by the end of 2022. According to her, the document will adapt the US legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. However, there will be nothing about NFTs in the bill, as it is unclear how to classify them. Lummis made this known in an interview with Axios.
https://getblock.net/en/news/senator-cynthia-lummis-proposed-equating-cryptocurrencies-with-traditional-assets-in-the-united-states/
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💰US Police Retirement Fund to invest in cryptocurrencies
💭Fairfax County Police Officers Retirement System in Virginia is considering investing in two cryptocurrency funds that provide the service of yield farming. This was stated by the agency’s chief investment officer, Katherine Molnar. She reported that the funds would be used to provide liquidity on decentralized crypto exchanges. Molnar told about this at the Milken Institute Global Conference in Los Angeles, Bloomberg reports.
https://getblock.net/en/news/us-police-retirement-fund-to-invest-in-cryptocurrencies
💭Fairfax County Police Officers Retirement System in Virginia is considering investing in two cryptocurrency funds that provide the service of yield farming. This was stated by the agency’s chief investment officer, Katherine Molnar. She reported that the funds would be used to provide liquidity on decentralized crypto exchanges. Molnar told about this at the Milken Institute Global Conference in Los Angeles, Bloomberg reports.
https://getblock.net/en/news/us-police-retirement-fund-to-invest-in-cryptocurrencies
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☝Crypto exchange Kraken to launch NFT marketplace
📢The Kraken cryptocurrency exchange has announced the creation of its own NFT marketplace with no transaction fees. The company labeled the platform as the complete solution for exploring, storing, and securing NFT collections. In a press release, the exchange’s representatives invited users to sign up for a wait list for the launch of the marketplace. The launch date is not yet known.
https://getblock.net/en/news/crypto-exchange-kraken-to-launch-nft-marketplace
📢The Kraken cryptocurrency exchange has announced the creation of its own NFT marketplace with no transaction fees. The company labeled the platform as the complete solution for exploring, storing, and securing NFT collections. In a press release, the exchange’s representatives invited users to sign up for a wait list for the launch of the marketplace. The launch date is not yet known.
https://getblock.net/en/news/crypto-exchange-kraken-to-launch-nft-marketplace
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🖼Vatican to open NFT gallery
📢The Vatican has announced a joint project between its own non-profit organization Humanity 2.0 and Sensorium, a VR solutions developer, to create an NFT gallery. With this project, the Vatican intends to “democratize art” and provide access to the masterpieces in its collection for viewers from around the world, ARTnews reports.
https://getblock.net/en/news/vatican-to-open-nft-gallery
📢The Vatican has announced a joint project between its own non-profit organization Humanity 2.0 and Sensorium, a VR solutions developer, to create an NFT gallery. With this project, the Vatican intends to “democratize art” and provide access to the masterpieces in its collection for viewers from around the world, ARTnews reports.
https://getblock.net/en/news/vatican-to-open-nft-gallery
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🎓US University allowed tuition fees to be paid in cryptocurrency
💵Bentley University, a private university, in cooperation with the Coinbase crypto exchange, has added the option of paying tuition fees in digital assets. Students can use cryptocurrencies such as Bitcoin, Ethereum, and USDC stablecoin. Those wishing to donate will also be able to do so using cryptocurrencies.
https://getblock.net/en/news/us-university-allowed-tuition-fees-to-be-paid-in-cryptocurrency
💵Bentley University, a private university, in cooperation with the Coinbase crypto exchange, has added the option of paying tuition fees in digital assets. Students can use cryptocurrencies such as Bitcoin, Ethereum, and USDC stablecoin. Those wishing to donate will also be able to do so using cryptocurrencies.
https://getblock.net/en/news/us-university-allowed-tuition-fees-to-be-paid-in-cryptocurrency
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👎“A perfect sucker game.” How famous entrepreneurs criticize cryptocurrencies
📃GetBlock Magazine's editorial staff collected negative statements about cryptocurrencies from famous people from the world of finance. Now, we will tell you who criticizes the digital assets the harshest.
https://getblock.net/en/articles/a-perfect-sucker-game-how-famous-entrepreneurs-criticize-cryptocurrencies
📃GetBlock Magazine's editorial staff collected negative statements about cryptocurrencies from famous people from the world of finance. Now, we will tell you who criticizes the digital assets the harshest.
https://getblock.net/en/articles/a-perfect-sucker-game-how-famous-entrepreneurs-criticize-cryptocurrencies
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❌Bitstamp started blocking Russians without the possibility of withdrawing funds
🗣A Reddit user from Russia under the nickname jb64w reported that his account on the European exchange Bitstamp was blocked 2 weeks ago with no possibility to withdraw funds. The Russian claims that the platform’s tech support is referring to the events in Ukraine.
https://getblock.net/en/news/bitstamp-started-blocking-russians-without-the-possibility-of-withdrawing-funds/
🗣A Reddit user from Russia under the nickname jb64w reported that his account on the European exchange Bitstamp was blocked 2 weeks ago with no possibility to withdraw funds. The Russian claims that the platform’s tech support is referring to the events in Ukraine.
https://getblock.net/en/news/bitstamp-started-blocking-russians-without-the-possibility-of-withdrawing-funds/
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🇫🇷Binance received its first European license in France
✅The Binance cryptocurrency exchange has received a Digital Asset Service Provider (DASP) registration from the French Financial Markets Authority (AMF). For the company, this is the first license it has received from European regulatory authorities. Binance can now offer services for the storage and sale of digital assets in France.
https://getblock.net/en/news/binance-received-its-first-european-license-in-france
✅The Binance cryptocurrency exchange has received a Digital Asset Service Provider (DASP) registration from the French Financial Markets Authority (AMF). For the company, this is the first license it has received from European regulatory authorities. Binance can now offer services for the storage and sale of digital assets in France.
https://getblock.net/en/news/binance-received-its-first-european-license-in-france
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☝️ECB called the anonymous digital euro undesirable
🏦The European Central Bank (ECB) has called the anonymity of digital euro users an undesirable option for the development of the further design of the asset. Development Manager at Unstoppable, a DeFi solutions development company, Patrick Hansen reported this citing the bank’s presentation.
https://getblock.net/en/news/ecb-called-the-anonymous-digital-euro-undesirable
🏦The European Central Bank (ECB) has called the anonymity of digital euro users an undesirable option for the development of the further design of the asset. Development Manager at Unstoppable, a DeFi solutions development company, Patrick Hansen reported this citing the bank’s presentation.
https://getblock.net/en/news/ecb-called-the-anonymous-digital-euro-undesirable
❌Coinbase stopped posting announcements of its listings on Twitter
📃US crypto exchange Coinbase has announced that it is moving all announcements for new listings from the social network Twitter to a separate webpage. The platform announced this on May 4.
https://getblock.net/en/news/coinbase-stopped-posting-announcements-of-its-listings-on-twitter/
📃US crypto exchange Coinbase has announced that it is moving all announcements for new listings from the social network Twitter to a separate webpage. The platform announced this on May 4.
https://getblock.net/en/news/coinbase-stopped-posting-announcements-of-its-listings-on-twitter/
🚀Valkyrie Investments launched trust based on the AVAX token
💻Valkyrie Investments, an asset management company, has announced the launch of the Valkyrie Avalanche Trust (VAVAX). The trust is based on the Avalanche blockchain to provide accredited investors with secure access to the native token AVAX.
https://getblock.net/en/news/valkyrie-investments-launched-trust-based-on-the-avax-token
💻Valkyrie Investments, an asset management company, has announced the launch of the Valkyrie Avalanche Trust (VAVAX). The trust is based on the Avalanche blockchain to provide accredited investors with secure access to the native token AVAX.
https://getblock.net/en/news/valkyrie-investments-launched-trust-based-on-the-avax-token
🇬🇪Georgia’s Central Bank to submit a draft law on crypto regulation in the second half of 2022
📝The National Bank of Georgia (NBG) will release a bill on the regulation of digital assets in the summer or fall of 2022, NBG Vice President Papuna Lezhava has said. Consideration of the new law is under discussion with market participants, Sputnik Gruziya reports. Lezhava noted that the document would regulate consumer protection, sales, and trade of cryptocurrency, but would not affect mining.
https://getblock.net/en/news/georgias-central-bank-to-submit-a-draft-law-on-crypto-regulation-in-the-second-half-of-2022/
📝The National Bank of Georgia (NBG) will release a bill on the regulation of digital assets in the summer or fall of 2022, NBG Vice President Papuna Lezhava has said. Consideration of the new law is under discussion with market participants, Sputnik Gruziya reports. Lezhava noted that the document would regulate consumer protection, sales, and trade of cryptocurrency, but would not affect mining.
https://getblock.net/en/news/georgias-central-bank-to-submit-a-draft-law-on-crypto-regulation-in-the-second-half-of-2022/
✅Polkadot now has the ability to send tokens via parachains
💻The Polkadot blockchain now has the ability to send tokens and exchange messages directly via parachains. This feature has become available due to the integration of a messaging system called Cross-Consensus Messaging (XCM), The Block reports. XCM allows all Polkadot parachains to communicate with each other directly. Previously, the network’s parachains were fragmented and “wrapped” the tokens for exchange.
https://getblock.net/en/news/polkadot-now-has-the-ability-to-send-tokens-via-parachains
💻The Polkadot blockchain now has the ability to send tokens and exchange messages directly via parachains. This feature has become available due to the integration of a messaging system called Cross-Consensus Messaging (XCM), The Block reports. XCM allows all Polkadot parachains to communicate with each other directly. Previously, the network’s parachains were fragmented and “wrapped” the tokens for exchange.
https://getblock.net/en/news/polkadot-now-has-the-ability-to-send-tokens-via-parachains
📈PlanB analyst adjusted the prediction for bitcoin to $55 000
🤔Crypto analyst PlanB, who developed the Stock to Flow (S2F) prediction model, has adjusted the bitcoin exchange rate growth scenario. According to the updated data, the value of BTC will reach $55 000 by the summer of 2022. The analyst stated that the 2019 S2F model better fits the current data than the later version.
https://getblock.net/en/news/planb-analyst-adjusted-the-prediction-for-bitcoin-to-55-000
🤔Crypto analyst PlanB, who developed the Stock to Flow (S2F) prediction model, has adjusted the bitcoin exchange rate growth scenario. According to the updated data, the value of BTC will reach $55 000 by the summer of 2022. The analyst stated that the 2019 S2F model better fits the current data than the later version.
https://getblock.net/en/news/planb-analyst-adjusted-the-prediction-for-bitcoin-to-55-000
💥 Cryptocurrency price dynamics 06.05.2022💥
All crypto-assets included in the top 10 by market capitalization are in the "red zone" today.
⬇️ Avalanche showed the biggest drop overnight: -12.4%.
🔴 BTC - $ 36 440,92 (-7.9%)
🔴 ETH - $ 2 746,50 (-6.3%)
🔴 BNB - $ 379,01 (-5.4%)
🔴 SOL - $ 82,79 (-11.0%)
🔴 XRP - $ 0,609112 (-5.4%)
🔴 LUNA - $ 80,61 (-6.2%)
🔴 ADA - $ 0,793516 (-8.1%)
🔴 DOT - $ 14,53 (-10.2%)
🔴 AVAX - $ 58,73 (-12.4%)
🔴 DOGE - $ 0,128838 (-4.3%)
All crypto-assets included in the top 10 by market capitalization are in the "red zone" today.
⬇️ Avalanche showed the biggest drop overnight: -12.4%.
🔴 BTC - $ 36 440,92 (-7.9%)
🔴 ETH - $ 2 746,50 (-6.3%)
🔴 BNB - $ 379,01 (-5.4%)
🔴 SOL - $ 82,79 (-11.0%)
🔴 XRP - $ 0,609112 (-5.4%)
🔴 LUNA - $ 80,61 (-6.2%)
🔴 ADA - $ 0,793516 (-8.1%)
🔴 DOT - $ 14,53 (-10.2%)
🔴 AVAX - $ 58,73 (-12.4%)
🔴 DOGE - $ 0,128838 (-4.3%)
☝Bank of Russia recorded an increase in the number of crypto Ponzi schemes
❕In the first quarter of 2022, out of the total number of Ponzi schemes detected in Russia, more than 58% were cryptocurrency-related. According to the Director of the Bank of Russia’s Department for Countering Misconduct, Valery Lyakh, amid financial uncertainty strategies based on investments in allegedly “digital instruments” have gained a new impetus for development.
https://getblock.net/en/news/bank-of-russia-recorded-an-increase-in-the-number-of-crypto-ponzi-schemes/
❕In the first quarter of 2022, out of the total number of Ponzi schemes detected in Russia, more than 58% were cryptocurrency-related. According to the Director of the Bank of Russia’s Department for Countering Misconduct, Valery Lyakh, amid financial uncertainty strategies based on investments in allegedly “digital instruments” have gained a new impetus for development.
https://getblock.net/en/news/bank-of-russia-recorded-an-increase-in-the-number-of-crypto-ponzi-schemes/
✅Opera Crypto Browser integrated BNB Chain to provide access to dApps
📲The Opera Crypto Browser, a web browser, has integrated BNB Chain into its interface. Android, iOS, and desktop users will now have access to decentralized applications (dApps) based on the blockchain ecosystem. Opera representatives noted that BNB Chain (BNB) tokens can be purchased for fiat money, as well as sent and received through the browser’s built-in crypto wallet.
https://getblock.net/en/news/opera-crypto-browser-integrated-bnb-chain-to-provide-access-to-dapps
📲The Opera Crypto Browser, a web browser, has integrated BNB Chain into its interface. Android, iOS, and desktop users will now have access to decentralized applications (dApps) based on the blockchain ecosystem. Opera representatives noted that BNB Chain (BNB) tokens can be purchased for fiat money, as well as sent and received through the browser’s built-in crypto wallet.
https://getblock.net/en/news/opera-crypto-browser-integrated-bnb-chain-to-provide-access-to-dapps
➡️Binance allocated $500 million for Elon Musk’s Twitter purchase
💰The Binance cryptocurrency exchange has allocated $500 million to fund the purchase of the social network Twitter, which was initiated by SpaceX and Tesla CEO Elon Musk. He revealed this information in a report to the US Securities and Exchange Commission (SEC).
https://getblock.net/en/news/binance-allocated-500-million-for-elon-musks-twitter-purchase
💰The Binance cryptocurrency exchange has allocated $500 million to fund the purchase of the social network Twitter, which was initiated by SpaceX and Tesla CEO Elon Musk. He revealed this information in a report to the US Securities and Exchange Commission (SEC).
https://getblock.net/en/news/binance-allocated-500-million-for-elon-musks-twitter-purchase
⛏Uzbekistan legalized mining for legal entities
✅The government of Uzbekistan has legalized the mining of cryptocurrencies for miners registered as legal entities. Miners do not need to obtain a special license, but they must be registered with the National Agency for Perspective Projects (NAPP), according to a decree from the country’s President Shavkat Mirziyoyev.
https://getblock.net/en/news/uzbekistan-legalized-mining-for-legal-entities
✅The government of Uzbekistan has legalized the mining of cryptocurrencies for miners registered as legal entities. Miners do not need to obtain a special license, but they must be registered with the National Agency for Perspective Projects (NAPP), according to a decree from the country’s President Shavkat Mirziyoyev.
https://getblock.net/en/news/uzbekistan-legalized-mining-for-legal-entities
❌Coinbase exchange to restrict access to accounts of Russian users
☝On May 5, users from Russia received notifications from the support service of the Coinbase cryptocurrency exchange. They said that access to accounts would soon be restricted due to European sanctions. This is reported by Kommersant, citing financial consultant Isaac Becker.
https://getblock.net/en/news/coinbase-exchange-to-restrict-access-to-accounts-of-russian-users
☝On May 5, users from Russia received notifications from the support service of the Coinbase cryptocurrency exchange. They said that access to accounts would soon be restricted due to European sanctions. This is reported by Kommersant, citing financial consultant Isaac Becker.
https://getblock.net/en/news/coinbase-exchange-to-restrict-access-to-accounts-of-russian-users
✅US approved cryptocurrency donations for federal elections
🇺🇸The US has approved the collection of cryptocurrency donations for the federal election through the Crowdpac platform. The platform’s representatives have clarified that the amounts collected will be passed on via direct deposit (ACH) or check. This ensures that election candidates receive the donations and can use them immediately.
https://getblock.net/en/news/us-approved-cryptocurrency-donations-for-federal-elections
🇺🇸The US has approved the collection of cryptocurrency donations for the federal election through the Crowdpac platform. The platform’s representatives have clarified that the amounts collected will be passed on via direct deposit (ACH) or check. This ensures that election candidates receive the donations and can use them immediately.
https://getblock.net/en/news/us-approved-cryptocurrency-donations-for-federal-elections