During his press conference on October 14, the Mexican President Andres Manuel Lopez Obrador categorically rejected the idea of ​​introducing Bitcoin as a legal asset.

Lopez Obrador says his government is trying not to innovate much in the area of ​​financial management. He said his main goal is to make sure Mexicans have good wages and to eliminate tax evasion. Lopez Obrador added that investments in cryptocurrencies are not necessary to fund the country’s development. The Bank of Mexico and the National Banking and Securities Commission issued a statement in June warning that financial institutions “are not empowered to conduct virtual asset operations and offer them to the public,” but the president has not often addressed it directly Issue voiced.

The success and popularity of the Dogecoin crypto asset continues to grow as BongaCams is just the latest to introduce digital currency as a payment option.

Regarding the purpose of this move, BongaCams, a Netherlands-based adult website, aims to offer its customers fast, anonymous payment options and wide market acceptance. For those looking to use Dogecoin as a payment option – BongaCams has many helpful resources and exchange services with instructions on how to buy Dogecoin online. Dogecoin, currently the world’s eighth largest digital asset, is growing again and continues to receive support from investors and celebrities, including Tesla CEO Elon Musk, who has repeatedly tweeted positive about the coin and even referred to Dogecoin as “the future currency of the earth.” ”

iPhone users have been tricked into investing money in fake Facebook crypto apps and popular dating platforms like Tinder, Grindr, Bumble

According to Imore, crypto scammers managed to bag a whopping $ 1.4 million from dating app and Facebook users by abusing Apple’s Developer Enterprise service. Scammers communicate with unsuspecting users via fake profiles on dating apps and Facebook, they initiate conversations and then lure their potential victims to install CryptoRom in order to invest in Bitcoin and other popular cryptocurrencies on it. After making their first profit with small trial investments, the victim withdraws and is encouraged to invest more. You then pay a larger amount into the scam app and can no longer withdraw it.

Strike, the startup best known for helping El Salvador adopt Bitcoin, allows US users to convert all or part of their salary to Bitcoin instantly

The Pay Me in Bitcoin option, launched on Thursday, allows users to deposit wages directly into their Strike account and select an amount that will be automatically exchanged and added to their Bitcoin balance. Strike does not charge a service fee. Strike began testing the feature last year when National Football League player Russell Okung used Strike to split his $ 13 million 50-50 salary between Bitcoin and Fiat. Several other athletes have followed in his footsteps. This service is now available everywhere to Strike US customers. This expanded feature comes less than a month after Coinbase, the leading U.S. crypto exchange, announced that users can deposit all or part of their salaries in crypto or dollars for free.

After the proposals for Parachain auctions were passed on Polkadot, the native token DOT rose around 18% on Thursday

The Polkadot Ecosystem has successfully implemented a proposal to enable Parachain auctions that have been tested over the years on the Kusama Sister Network. After running Parachain auctions on Polkadot, the DOT native token rose around 18% on Thursday and was trading at around $ 41.56 at press time. According to a market analysis by CoinGecko, Polkadot ranks 8th in terms of market capitalization. In particular, the ecosystem has a market capitalization of $ 43.4 billion, with DOT’s daily trading volume being around $ 5.1 billion. The Parachain upgrade allows Polkadot to proceed with its original plan of connecting existing blockchains in the market. It is expected that several functions will be implemented immediately to enable parachain auctions on the mainnet. In particular, it was proposed to split the auctions into two tranches. Accordingly, the first batch will consist of five auctions and will start on November 11, the second wave of the Parachain auction is expected to consist of six auctions and will start on December 23, 2021.

Russian Energy Minister – Nikolai Shulginov – has announced that the agency is working on a new framework to differentiate tariffs between the use of electricity for mining cryptocurrencies.

Shulginov said that in Russia cryptocurrency miners should not consume electricity at normal prices, in order to maintain the reliability and quality of electricity supply, he believes it is necessary to ban miners from consuming electricity at electricity prices. Several regions of Russia have faced a boom in energy use due to Chinese miners leaving the country amid a nationwide cryptocurrency crackdown. Russia has become one of the top locations for Bitcoin (BTC) mining activities following the migration of Chinese miners. According to the Cambridge Bitcoin Electricity Consumption Index, bitcoin miners in Russia account for 11% of the total global BTC mining hash rate distribution, second only to Kazakhstan and the United States.

In a conference call following Standard Chartered’s innovation and digitization event, CEO Bill Winters stated that he believes cryptocurrencies play an important role in financial markets and are “here to be here”.

At the same time, he added that central bank digital currencies, stablecoins and NFTs will eventually outpace Bitcoin and other digital assets in importance and growth. Winter’s comments come days after JPMorgan Chase CEO Jamie Dimon called the world’s largest cryptocurrency “worthless” during an event on Monday. For its part, Standard Chartered used its venture and innovation arm SC Ventures to partner with Northern Trust to create Zodia Custody, a custody service for investors looking to hold crypto.

Russian President Vladimir Putin discussed the possible use cases of cryptocurrencies in a CNBC interview on Thursday following the plenary session of the Russian Energy Week forum.

Putin said that private cryptocurrencies “can act as a unit of account” but they are “very volatile”. Putin went on to say that “everything develops” and “has the right to exist,” adding that the Russian government is closely monitoring the cryptocurrency market. He also did not rule out that cryptocurrencies could become a “medium of accumulation” at some point. In the interview, the president also stated that the US dollar, as the international currency reserve, “weakens its position”, but that Russia has no intention of stopping dollar payments entirely.

Binance has hired Mark McGinness, a former international relations director for the Dubai Financial Services Authority (DFSA), to manage the exchange’s regulatory streak.

Binance claims that McGinness will help move the company towards better relationships with regulators around the world. Prior to joining DFSA, McGinness was also the director of international relations for the Australian Securities and Investments Commission. The former DFSA manager also held advisory positions at the International Monetary Fund – IMF. McGinness said he plans to use his experience and relationships to improve Binance’s reputation with regulators. Commenting on McGinness joining the Binance compliance team, the company’s CEO, Changpeng Zhao, described McGinness’s entry as “a big step forward” for Binance, especially as the company seeks to enforce a stricter crypto regulatory environment regulate.

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