Although Russia is enforcing a ban on cryptocurrency payments, the country currently has no plans to completely ban citizens’ transactions.  Bitcoin

12, Alexey Moiseev, Deputy Minister of Finance of the Russian Federation, said he believes Russian citizens can continue to buy and use cryptocurrencies outside the country on exchanges abroad without the threat of lawsuits. “Russian citizens can open wallets outside of the Russian Federation, but if they operate inside the Russian Federation they will be banned in the near future due to the country’s financial sovereignty,” said Moiseev. The deputy finance minister added that lawmakers have yet to define exactly how digital currencies and blockchain technology will affect the country’s financial and economic system.

The International Monetary Fund (IMF) said on Oct. 12 that inflation in developed countries is now “temporary” and will fall to 2% in advanced economies by mid-2022, in the last few months of this year

“Given soaring inflation, persistently low employment and increasing risks of unanchoring expectations, monetary policy may need to be tightened to respond,” the IMF said with price pressure, even if it delays job recovery The IMF considers its growth forecasts for global growth forecasts to be skewed downwards, i.e. a real risk. However, the IMF estimates that gross domestic product (GDP) numbers in advanced economies will return to pre-pandemic levels by 2022. For 2024, the fund even says that this level could exceed 0.9%. Finally, the IMF emphasizes that currently investor sentiment in the financial markets can change quickly due to negative news such as the pandemic, the US national debt ceiling or the shrinking real estate sector. On the other hand, the current situation of high inflation could be good news for hard assets like Bitcoin.

Blockchain Interoperability Solution, Wanchain announced the successful integration of Polkadot (DOT) on its platform, which enables Ethereum, Avalanche, Moonriver and compatible chains developers to use DOT tokens on the company’s DApps

Wanchain is known as the first decentralized blockchain interoperability solution designed to enable users to seamlessly transfer tokens and smart contracts across different blockchains. said Li Ni, vice president of development and operations at Wanchain. “Now Wanchain is the first project to build decentralized bridges connecting Polkadot to the huge cross-chain DeFi industry.” Li added that Polkadot’s integration with Wanchain will allow developers and users to use DeFi protocols and DApps with $ DOT to create.

The leading Turkish cryptocurrency exchange Coinzo announced on Monday that it would cease trading.

The platform urged customers to withdraw their assets in Turkish lira and crypto without specifying a specific reason for deciding to withdraw from the market. The exchange stressed that their website Coinzo.com will be accessible for an additional six months while traders can log into their accounts. All functions except buy and sell options will be available. The collapse of Coinzo followed the collapse of other Turkish crypto exchanges such as Thodex and Vebitcoin. Both ceased operations earlier this year after Turkey’s central bank banned the use of cryptocurrencies for payments. News of Coinzo’s decision to shut down comes after President Recep Tayyip Erdoğan announced in September that Turkey was “at war” with cryptocurrencies, despite previous reports that the government was preparing to pass a bill to regulate the cryptocurrency space Country that is expected to enter parliament in October.

The world’s leading maker of products like microprocessor chips for computers – Intel says there are no plans to introduce crypto-mining limits into released Arc graphics processors (GPUs) in early 2022

Roger Chandler, general manager of Intel’s customer graphics products and solutions team, said, “Like software keys and the like, we are not currently developing this product or building any functionality to specifically target miners.” Arc is Intel’s first full foray into the world of gaming graphics cards since 1998. Arc’s lack of crypto restrictions puts Intel on the same page as Advanced Micro Devices. Rival Nvidia has capped the hash rate of its flagship GeForce GPUs to bring more products to gamers. However, earlier this year Nvidia released a number of Cryptocurrency Mining Processors (CMPs) specifically for Ethereum miners.

See also: >>> Crypto24h Movement Newsletter on December 10th

Binance announced Tuesday that it pledged $ 1 billion to further fuel BSC growth after spending $ 100 million in support of decentralized finance (DeFi) projects on BSC over a year ago

Changpeng Zhao, Binance CEO, said in a statement, “BSC’s growth has attracted 100 million more DeFi users with just $ 100 million in seed capital. With a new $ 1 billion contribution, it can disrupt traditional finance and accelerate the global mass adoption of digital assets to become the first blockchain ecosystem with a $ 1 billion user. According to the press release, Binance’s newly launched $ 1 billion growth fund will be dedicated to four key categories in the BSC ecosystem: developing talent in the crypto investor and developer community, liquidity incentive programs to attract new users to BSC, technical support , including global hackathons and incubation program for various new projects. The announcement comes after several other blockchain projects launched their own massive budget incentives to bolster the ecosystem, including Solana, Avalanche, and Fantom, as Layer 1 blockchain competition heats up.

On Tuesday, Coinbase announced its entry into the non-fungible token market by announcing the waiting list for Coinbase NFT access.

Coinbase’s NFT platform, led by Coinbase’s Chief Product Officer Sanchan Saxena, will enable users to mint, buy, and recommend NFTs. For starters, it will support Ethereum-based NFTs, but plans to expand to other chains after launch. According to a spokesman, the platform will use self-custody wallets and therefore will not require users to perform KYC checks with the exchange, as their broker customers need to trade cryptocurrencies. The company won’t disclose any fees, but plans to release these details shortly before the platform officially launches.

Celsius Network (C Network) cryptocurrency lending platform has raised $ 400 million in a new round of equity funding despite U.S. regulators tightening their scrutiny over crypto lending

C Network announced Tuesday that the most recent funding was channeled by Canada’s second largest pension fund – Caisse de Đépôt et position du Québec (CDPQ) and WestCap, a licensed holding company founded by former Airbnb CEO Laurence Tosi using the proceeds of those Use investment to further expand its offering and product, with an emphasis on institutional products. Celsius is also to double its team from 486 employees to 1,000 employees and expand worldwide through strategic acquisitions.

A major international airport in Venezuela – Simón Bolívar (also known as Maiquetia) is preparing to allow crypto payments in accordance with industry standards

Freddy Borges, director of Maiquetiam Airport, said the airport plans to accept multiple cryptocurrencies, including Bitcoin, Dash and the Venezuelan oil-linked digital currency – Petro. He said the airport’s management will introduce new payment options with the Venezuelan Cryptocurrency Assets Supervision and Related Operations Authority. Borges added that the introduction of crypto payments at Maiquetia Airport will underscore the company’s commitment to moving towards international standards and promoting the adoption of digital currencies. According to him, the payment option in cryptocurrency will benefit foreign tourists, including those from Russia.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page