Russian authorities are weighing whether to ban or legalize cryptocurrencies.
Russian authorities are weighing whether to ban or legalize cryptocurrencies such as bitcoin, a senior legislator has revealed. Anatoly Aksakov told local media that the authorities will decide which direction to take in regards to crypto next year. However, other reports have indicated that the Bank of Russia is working with stakeholders and financial authorities to ban cryptocurrencies altogether. Regulators and lawmakers across countries are actively working on crypto regulations.
Stablecoin Flippening: UST Becomes the Biggest Decentralized Stablecoin By Market Cap
UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects in the market.
Polkadot, Binance Coin And EOS Plunge: Vital Trading Levels To Keep An Eye On
It is no news that the prices of major cryptocurrencies have hurtled in the past week or so, especially after Bitcoin slipped below its $50k mark. This drop-down in prices has caused the technicals to flash bearish signals at the time of writing. Polkadot moved southwards by 7%, BNB shed over 5%, and EOS also was in control of the bears as it was trading at 3.11% after depreciating by 3% in the last 24 hours.
CEEK VR Price Up 37%, Biggest Metaverse Coin Gainer Today
Metaverse coins continue to dominate cryptocurrency markets. CEEK VR’s price is up over 37% today, making it the biggest Metaverse coin gainer today. Let’s look at CEEK and see why its price is rising so much today.
BitGo to Support Avalanche ($AVAX) as Institutional Interest in it Grows
Cryptocurrency custody firm BitGo has revealed it will support the native token of the Avalanche network, $AVAX, as institutional interest in it keeps on growing. The move will allow BitGo clients including exchange Bitstamp and Bitbuy to offer AVAX to their users.
Ethereum 2.0 Testnet Kintsugi Goes Live in Preparation for Merge
Ethereum developer teams have been hard at work preparing for Ethereum 2.0, the proof-of-stake platform designed to make the blockchain's transactions faster, cheaper, and less energy-intensive.
Instagram Is 'Exploring NFTs' to 'Make Them More Accessible to a Wider Audience,' Says CEO
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.”
Shiba Inu ($SHIB) Becomes Third Most-Used Token on Ethereum Over Last 7 Days
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has become the third most used token on the Ethereum network after only two major stablecoins, USDT and USDC, as holders are becoming more active, even amid negative price action.