Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins
The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.
Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian news service Interfax reported on Dec. 25.
Nabiullina noted that the Bank of Russia is exploring the potential uses of stablecoins — cryptocurrencies that are pegged to another asset to prevent the volatility associated with crypto markets. She said:
“We are testing stablecoins in our regulatory ‘sandbox’. We see companies willing to issue tokens pegged to certain real assets. In our regulatory sandbox, we are learning the potential uses of stablecoins but we do not assume that they will function as a means of payment and become a surrogate for money .”
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The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.
Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian news service Interfax reported on Dec. 25.
Nabiullina noted that the Bank of Russia is exploring the potential uses of stablecoins — cryptocurrencies that are pegged to another asset to prevent the volatility associated with crypto markets. She said:
“We are testing stablecoins in our regulatory ‘sandbox’. We see companies willing to issue tokens pegged to certain real assets. In our regulatory sandbox, we are learning the potential uses of stablecoins but we do not assume that they will function as a means of payment and become a surrogate for money .”
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💎 @CryptoLandnetwork
YouTube erroneously purged cryptocurrency education videos from its video-sharing platform this week but claims to have reinstated them, according to a spokesperson. Content creators, however, are telling a different story.
Responding to allegations that it had intentionally deleted content from cryptocurrency education channels ChrisDunnTV, Crypto Tips, BTC Sessions and others in what apparently amounted to hundreds of missing videos, the spokesperson said that YouTube made “the wrong call.”
“With the massive volume of videos on our site, sometimes we make the wrong call. When it's brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it. We also offer uploaders the ability to appeal removals and we will re-review the content,” the spokesperson said. YouTube has issued near-identical statements after previous inadvertent video purges.
The spokesperson further stated that YouTube has not changed any policies related to cryptocurrency videos.
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Responding to allegations that it had intentionally deleted content from cryptocurrency education channels ChrisDunnTV, Crypto Tips, BTC Sessions and others in what apparently amounted to hundreds of missing videos, the spokesperson said that YouTube made “the wrong call.”
“With the massive volume of videos on our site, sometimes we make the wrong call. When it's brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it. We also offer uploaders the ability to appeal removals and we will re-review the content,” the spokesperson said. YouTube has issued near-identical statements after previous inadvertent video purges.
The spokesperson further stated that YouTube has not changed any policies related to cryptocurrency videos.
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Agharta Hard Fork to Bring Full Compatibility Between ETC And ETH
The upcoming Ethereum Classic (ETC) Agharta hard fork will include features of the Ethereum (ETH) Constantinople fork and intends to make ETC fully compatible with Ethereum.
Agharta hard fork expected around Jan. 15
ETC Labs Core rebrands to ETC Core to clarify difference with ETC Labs
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The upcoming Ethereum Classic (ETC) Agharta hard fork will include features of the Ethereum (ETH) Constantinople fork and intends to make ETC fully compatible with Ethereum.
Agharta hard fork expected around Jan. 15
ETC Labs Core rebrands to ETC Core to clarify difference with ETC Labs
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🗞 #News
💎 @CryptolandNetwork
Twitch Users Can Now Tip Streamers With MenaPay Stablecoin
Mobile payments service MenaPay announced support for Twitch tipping with their MenaCash stablecoin.
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Mobile payments service MenaPay announced support for Twitch tipping with their MenaCash stablecoin.
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#Bitcoin has had a record 2019 with transaction count, transaction volume (USD equivalent basis), and hash rate reaching new all time highs this past year.
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Venezuela, Argentina Set New Weekly P2P Bitcoin Trading Volume Records
Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies.
Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat currency in Argentina and Venezuela have hit new record highs.
According to the website’s data, the week ending on Dec. 21 saw over 32.6 million Argentine pesos (equivalent to about $544,905) traded on the platform, or 34% more than the record registered two weeks before.
In Venezuela, on the other hand, over 248 billion bolivars (about $24.8 million) were traded on LocalBitcoins during the same week, nearly 15.6% more than the record volume registered during the previous week.
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💎 @CryptolandNetwork
Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies.
Cryptocurrency data website CoinDance shows that LocalBitcoins trading volume in local fiat currency in Argentina and Venezuela have hit new record highs.
According to the website’s data, the week ending on Dec. 21 saw over 32.6 million Argentine pesos (equivalent to about $544,905) traded on the platform, or 34% more than the record registered two weeks before.
In Venezuela, on the other hand, over 248 billion bolivars (about $24.8 million) were traded on LocalBitcoins during the same week, nearly 15.6% more than the record volume registered during the previous week.
📈 #Funda
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💎 @CryptolandNetwork
Swiss President Says ‘No’ to Libra Project
In theory, Libra was presupposed to be managed by a Geneva-based independent association linking several companies and non-profit groups.
Swiss President Ueli Maurer said on Friday that Facebook’s Libra project “failed in its current form and needs reworking to be approved.”
He said:
“I don’t think Libra has a chance in its current form, because central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.”
Regulators all over the world have been worried that Libra would possibly increment the risk of money laundering and criminal actions through its global cryptocurrency available to billions of Facebook users.
In September this year, United States Treasury official Sigal Mandelker stated Facebook’s Libra has to meet the highest standards of regulatory compliance prior to any launch.
📈 #Funda
🗞 #News
💎 @CryptolandNetwork
In theory, Libra was presupposed to be managed by a Geneva-based independent association linking several companies and non-profit groups.
Swiss President Ueli Maurer said on Friday that Facebook’s Libra project “failed in its current form and needs reworking to be approved.”
He said:
“I don’t think Libra has a chance in its current form, because central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.”
Regulators all over the world have been worried that Libra would possibly increment the risk of money laundering and criminal actions through its global cryptocurrency available to billions of Facebook users.
In September this year, United States Treasury official Sigal Mandelker stated Facebook’s Libra has to meet the highest standards of regulatory compliance prior to any launch.
📈 #Funda
🗞 #News
💎 @CryptolandNetwork
Most profitable tech IPOs vs most profitable ICOs of all time. It is not really correct to compare around 5 years history of ICO fundraising with pretty old classic IPO but we made an effort.
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💎 @CryptolandNetwork
Mike Novogratz Says Bitcoin Will Hit $12K in 2020
Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet on Dec. 28.
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💎 @CryptolandNetwork
Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet on Dec. 28.
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🗞 #News
💎 @CryptolandNetwork
Bitfinex Updates KYC Process Asking Verified Users to Submit Additional Information.
Crypto exchange Bitfinex is tightening its KYC process, asking verified users to supply proof of residential address.
Bitfinex CTO Paolo Ardoino says the exchange wants to bring all client accounts to the "same level."
Cryptocurrency exchange Bitfinex has announced an update to its know-your-customer (KYC) process and is asking verified users to submit additional information in an effort to strengthen security.
According to an email sent to verified Bitfinex users, the crypto exchange is attempting to tighten its KYC process in an effort to bring all clients “to the same level.”
Paolo Ardoino, chief technology officer of Bitfinex, told the exchange is “always” working to improve upon its security and regulatory compliance.
The updated KYC process asks verified clients to share details on the source and use of their funds, in addition to providing proof of residential address.
📈 #Funda
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💎 @CryptolandNetwork
Crypto exchange Bitfinex is tightening its KYC process, asking verified users to supply proof of residential address.
Bitfinex CTO Paolo Ardoino says the exchange wants to bring all client accounts to the "same level."
Cryptocurrency exchange Bitfinex has announced an update to its know-your-customer (KYC) process and is asking verified users to submit additional information in an effort to strengthen security.
According to an email sent to verified Bitfinex users, the crypto exchange is attempting to tighten its KYC process in an effort to bring all clients “to the same level.”
Paolo Ardoino, chief technology officer of Bitfinex, told the exchange is “always” working to improve upon its security and regulatory compliance.
The updated KYC process asks verified clients to share details on the source and use of their funds, in addition to providing proof of residential address.
📈 #Funda
🗞 #News
💎 @CryptolandNetwork
Coinbase Removes DApp Browser Support to Comply with Apple’s App Store
Coinbase’s mobile cryptocurrency wallet, Coinbase Wallet, is planning to remove support for its decentralized application (DApp) browsing feature to remain in compliance with Apple’s App Store policy.
According to Coinbase statement:
In order to comply with App Store policy, we may soon be removing the DApp browser functionality. If you wish to continue using DApps, you can now access most popular DApps on the desktop with Coinbase Wallet by simply scanning a QR code via WalletLink.
Brian Armstrong, CEO of Coinbase, took to Reddit to explain the feature’s sudden removal. In a post made on Dec. 28 he said this is “really unfortunate to see. Apple seems to be eliminating usage of Dapps from the App Store.”
He continued,
If Apple customers want to be able to use Dapps, we may need to make this request know to Apple in some way. This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.
📈 #Funda
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💎 @CryptolandNetwork
Coinbase’s mobile cryptocurrency wallet, Coinbase Wallet, is planning to remove support for its decentralized application (DApp) browsing feature to remain in compliance with Apple’s App Store policy.
According to Coinbase statement:
In order to comply with App Store policy, we may soon be removing the DApp browser functionality. If you wish to continue using DApps, you can now access most popular DApps on the desktop with Coinbase Wallet by simply scanning a QR code via WalletLink.
Brian Armstrong, CEO of Coinbase, took to Reddit to explain the feature’s sudden removal. In a post made on Dec. 28 he said this is “really unfortunate to see. Apple seems to be eliminating usage of Dapps from the App Store.”
He continued,
If Apple customers want to be able to use Dapps, we may need to make this request know to Apple in some way. This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
TRON Unlocking 33 Billion TRX On New Year’s Day
The TRON Foundation has announced that it will be kicking off the new year by unlocking 33 billion TRX, despite not providing a plan for how the coins will be used.
According to a tweet TRON News on Dec. 27, the TRON Foundation will be unlocking 33 billion TRX on Jan. 1, 2020. The post did not specify how the funds will be used and instead posed the question to the TRON community on how the funds should be handled.
A subsequent tweet by TRON News polled the community for ideas for what should be done with the 33 billion TRX, including investing in partnerships, re-locking the funds or instituting a coin burn. The tweet claims that users’ responses can provide the TRON Foundation with information on “how the community feels” about the massive coin unlock.
Some community members have speculated that the new funds could go towards boosting the crypto exchange Poloniex, which was recently invested in by TRON founder Justin Sun. Others fear the TRON Foundation may dump at least some of the $445 million worth of TRX on the market, potentially hurting prices.
📈 #Funda
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🌐 CryptoLand.net
💎 @CryptolandNetwork
The TRON Foundation has announced that it will be kicking off the new year by unlocking 33 billion TRX, despite not providing a plan for how the coins will be used.
According to a tweet TRON News on Dec. 27, the TRON Foundation will be unlocking 33 billion TRX on Jan. 1, 2020. The post did not specify how the funds will be used and instead posed the question to the TRON community on how the funds should be handled.
A subsequent tweet by TRON News polled the community for ideas for what should be done with the 33 billion TRX, including investing in partnerships, re-locking the funds or instituting a coin burn. The tweet claims that users’ responses can provide the TRON Foundation with information on “how the community feels” about the massive coin unlock.
Some community members have speculated that the new funds could go towards boosting the crypto exchange Poloniex, which was recently invested in by TRON founder Justin Sun. Others fear the TRON Foundation may dump at least some of the $445 million worth of TRX on the market, potentially hurting prices.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
TRON's Justin Sun Announces New Acquisition as Rumors Point to Steemit
TRON founder Justin Sun has announced a new acquisition is set to be announced early next year. Details are scarce but Sun’s announcement claimed it was for #BiTorrent and its $BTT token.
According to various rumors on social media, Justin Sun’s announcement is referencing a new acquisition of the popular blockchain-based blogging platform Steemit.
Steemit is a popular platform where users are rewarded in both STEEM and Steem Dollars ($SBD) for creating and curating content.
Sun’s announcement doesn’t seem to have affected the price of either TRX or STEEM, as both are down by little over 1% in the last 24-hour period.
As reported, the TRON Foundation has announced it will be unlocked 33 billion TRX, worth around $440 million, in the beginning of 2020. The Foundation hasn’t revealed what the funds will be used for, but it’s possible they may go toward the recently announced acquisition.
📈 #Funda
🗞 #News
💎 @Cryptolandnetwork
TRON founder Justin Sun has announced a new acquisition is set to be announced early next year. Details are scarce but Sun’s announcement claimed it was for #BiTorrent and its $BTT token.
According to various rumors on social media, Justin Sun’s announcement is referencing a new acquisition of the popular blockchain-based blogging platform Steemit.
Steemit is a popular platform where users are rewarded in both STEEM and Steem Dollars ($SBD) for creating and curating content.
Sun’s announcement doesn’t seem to have affected the price of either TRX or STEEM, as both are down by little over 1% in the last 24-hour period.
As reported, the TRON Foundation has announced it will be unlocked 33 billion TRX, worth around $440 million, in the beginning of 2020. The Foundation hasn’t revealed what the funds will be used for, but it’s possible they may go toward the recently announced acquisition.
📈 #Funda
🗞 #News
💎 @Cryptolandnetwork
IOTA Fixes Issue After Freezing Mainnet Transactions for 24 Hours
Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29.
According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29, and was fully resolved by 2:50 AM UTC on Dec. 30.
The incident was caused by an unusual set of transactions that may have been constructed as an attack
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Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29.
According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29, and was fully resolved by 2:50 AM UTC on Dec. 30.
The incident was caused by an unusual set of transactions that may have been constructed as an attack
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Roger Ver:
Originally Bitcoin’s entire goal was to build a network that would make fiat obsolete.
Today most Bitcoin supporters only care about how much fiat its worth while Bitcoin Cash supporters are building that network.
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Originally Bitcoin’s entire goal was to build a network that would make fiat obsolete.
Today most Bitcoin supporters only care about how much fiat its worth while Bitcoin Cash supporters are building that network.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Anthony Pompliano:
The market determined Bitcoin to be the most valuable cryptocurrency of the 2010s.
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The market determined Bitcoin to be the most valuable cryptocurrency of the 2010s.
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💎 @CryptolandNetwork
Anthony Pompliano:
Winners on Wall Street usually establish an information advantage.
They have information others don’t have & use it to make money.
But in Bitcoin, the goal is to give everyone the same information and allow them to verify it.
Democratizing information usually wins.
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Winners on Wall Street usually establish an information advantage.
They have information others don’t have & use it to make money.
But in Bitcoin, the goal is to give everyone the same information and allow them to verify it.
Democratizing information usually wins.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Google Welcomes the New Year by Reinstating MetaMask’s Mobile App for Android
On Wednesday (January 1), Google gave the MetaMask Team a wonderful New Year's present: it reinstated MetaMask's mobile app (for Android) in the Google Play Store.
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On Wednesday (January 1), Google gave the MetaMask Team a wonderful New Year's present: it reinstated MetaMask's mobile app (for Android) in the Google Play Store.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Ethereum has completed its second hard fork in less than 30 days.
With the mining of block 9,200,000, the Muir Glacier upgrade has been implemented on the network.l The block was mined Jan. 2 at 8:30 UTC.
As of press time, 92 percent of ethereum clients were synced with the new upgrade, according to Ethernodes.
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With the mining of block 9,200,000, the Muir Glacier upgrade has been implemented on the network.l The block was mined Jan. 2 at 8:30 UTC.
As of press time, 92 percent of ethereum clients were synced with the new upgrade, according to Ethernodes.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Maduru made the possibility of purchasing gold with Petro
Maduru said:
We will sell Venezuelan oil in exchange for petros. We already sell Venezuela’s iron ore and steel for petros. We have already signed contracts for the sale of oil, steel, iron and aluminum, and we will sell part of the gold for petros.
Maduro claims the government has been successfully introducing the state-run cryptocurrency into the daily lives of Venezuelans. According to the President, at least 6 million Venezuelan families used the Petro as a form of payment during the New Years holidays. In December, authorities used the cryptocurrency as a form of benefit for pensioners and public sector employees
Since beginning its sale in February 2018, each Preto is allegedly tied to the price of a barrel of oil produced by the country, as the government claims its backed by a reserve of 30 million barrels of oil.
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Maduru said:
We will sell Venezuelan oil in exchange for petros. We already sell Venezuela’s iron ore and steel for petros. We have already signed contracts for the sale of oil, steel, iron and aluminum, and we will sell part of the gold for petros.
Maduro claims the government has been successfully introducing the state-run cryptocurrency into the daily lives of Venezuelans. According to the President, at least 6 million Venezuelan families used the Petro as a form of payment during the New Years holidays. In December, authorities used the cryptocurrency as a form of benefit for pensioners and public sector employees
Since beginning its sale in February 2018, each Preto is allegedly tied to the price of a barrel of oil produced by the country, as the government claims its backed by a reserve of 30 million barrels of oil.
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork
Burger King Venezuela Starts Bitcoin Payments in First of 40 Stores
Bitcoin (BTC) has come to Burger King in Venezuela as a new partnership opens up cryptocurrency payments at the fast-food chain.
Confirmed in a tweet on Dec. 30, a single Burger King branch in the Sambil area of Caracas now accepts Bitcoin, along with altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Dash (DASH), as well as stablecoin Tether (USDT).
📈 #Funda
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🌐 CryptoLand.net
💎 @CryptolandNetwork
Bitcoin (BTC) has come to Burger King in Venezuela as a new partnership opens up cryptocurrency payments at the fast-food chain.
Confirmed in a tweet on Dec. 30, a single Burger King branch in the Sambil area of Caracas now accepts Bitcoin, along with altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB) and Dash (DASH), as well as stablecoin Tether (USDT).
📈 #Funda
🗞 #News
🌐 CryptoLand.net
💎 @CryptolandNetwork