Swedish regulators urge to ban mining of cryptocurrencies in the EU

Cryptocurrency News

The Swedish Greens’ proposal is largely in line with China’s path: they want to ban Bitcoin mining and restrict investment until it is “environmentally sound”. Swedish power engineers disagree. Heads of departments are concerned about the high level of electricity consumption by miners. Financial Conduct Authority CEO Thedéen Erik and Swedish Environmental Protection Agency CEO Björn Risinger are urging the EU to consider completely banning energy-intensive cryptocurrency mining using PoW (proof of work). The heads…

Basel Committee will finalize guidelines for banks’ work with cryptocurrencies in 2022

Cryptocurrency News

The Basel Committee of the Bank for International Settlements will review the proposed capital requirements for banks using cryptocurrencies and develop a more flexible regulatory document. On November 9, the regulator announced that it will finalize an advisory document for the banking system, which will clarify the proposed requirements for the reserve capital of banks that use cryptocurrencies, and will issue updated regulations by mid-2022. The statement was released after the Basel Committee considered the…

Amazon and Venmo announced a partnership to expand payment options for US users

Cryptocurrency News

American users of the mobile payment service Venmo, owned by the payment company PayPal and which added support for cryptocurrencies, will be able to pay for purchases on the Amazon site. According to a press release from PayPal, the partnership with Amazon, one of the world’s largest online retailers, will enable more than 80 million US Venmo users to use Amazon’s online shopping service and mobile app next year using a Venmo account. Venmo recently…

Ubisoft will develop games on the blockchain

Cryptocurrency News

Leading PC gaming company Ubisoft plans to start developing games on blockchain with support for tokens and NFTs. Users will be able to earn money while playing. The French developer is no stranger to blockchain games. Ubisoft has previously funded and supported several projects in this area, one of which is Animoca’s REVV Motosports. It is an ecosystem of several games with REVV token support. It seems that now the management of Ubisoft has decided…

Huobi Global Exchange will move spot trading to Gibraltar

Cryptocurrency News

Huobi Gibraltar has received a cryptocurrency license from the Gibraltar Financial Services Commission (FSC). Spot trading operations will be transferred to this jurisdiction. Chinese exchange Huobi announced in a press release that it will move its technical infrastructure to a cloud hosting company registered in Gibraltar and will continue to serve customers around the world. The site intends to maintain a global decentralized management structure without a head office in a specific region. The exchange’s…

How Bloomberg “unexpectedly discovered” a “crypto-laundry” in Moscow City

Cryptocurrency News

Bloomberg “opened the veil of secrecy” by naming one of the buildings of the ICC, “Federation Tower East”, one of the world’s largest centers for cashing out cryptocurrencies. Numerous cryptocurrency exchangers have been operating in Moscow City for at least five years. Including, dealing with the exchange of cryptocurrencies for cash. Many of them have been working since the existence of the BTC-e exchange. But the largest business news agency in the United States has…

Cryptocurrencies worth $ 55 million were stolen from the DeFi bZx project

Cryptocurrency News

The bZx decentralized lending protocol reported that the private keys for managing contracts on the Polygon and Binance Smart Chain networks have been compromised. This resulted in a loss of $ 55 million in assets. The bZx platform has undergone another hacker attack. BZx tweeted that the private keys for managing contracts on Polygon and Binance Smart Chain were hacked a few hours ago. The bZx developers recommended that pharming users withdraw tokens from contracts…

BitMEX announced “carbon neutral” and bought carbon credits

Cryptocurrency News

BitMEX has officially declared its carbon neutral status and has purchased 7,110 carbon credits worth approximately $ 100,000. Cryptocurrency exchange BitMEX has lost a lot of clients in the past year due to allegations against the founders and a conflict with regulators. The exchange is doing its best to restore its shaken reputation. Now BitMEX has made a knight’s move by joining the trendy environmental agenda. It was one of the first cryptocurrency platforms to…

Congressmen urged SEC to approve Bitcoin direct ETF

Cryptocurrency News

US Congressmen Tom Emmer and Darren Soto urged the US Securities and Exchange Commission to approve the launch of direct cryptocurrency ETFs, considering it logical after the approval of ETFs for Bitcoin futures. Tom Emmer and Darren Soto sent a letter to SEC Chairman Gary Gensler requesting permission to launch Bitcoin-linked ETFs. Congressmen asked the department why last month it opened the way for bitcoin futures ETFs instead of approving spot ETFs right away. On…

SMF Analysts: UK Must Adapt Laws For Blockchain And Cryptocurrencies

Cryptocurrency News

According to a study by the think tank Social Market Foundation, England’s legal system is not adapted for the implementation of cryptocurrencies, artificial intelligence and blockchain. Analysts at the Social Market Foundation (SMF), an independent British public policy center, conducted a survey among British lawyers, academics and companies, discussing with them the regulation of blockchain and cryptocurrencies in the country. This was reported by the Scottish Legal News. SMF experts came to the conclusion that…