⚡️ KickEX app updated in RuStore, Russia's largest Android store

#KickEX_News

🪙 CryptoQuant believes that the recent surge in stablecoin inflows could lead to increased volatility in BTC

#KickEX_Explains

🔼 The influx of new stablecoins into the market is a traditional bullish signal for traders. The introduction of new stablecoins into the market represents the conversion of fiat money into digital currencies, which market participants view as an influx of new funds into the crypto ecosystem.

🕯 Often, news that the company #Tether has issued several billion #USDT indicates that someone has come and bought them for the equivalent of fiat money, and presumably, these billions will be spent on buying cryptocurrencies.

🎢 This, in turn, encourages traders to increase their activity in cryptocurrency speculation in anticipation of catching a good upward movement.

#Analytics

⚡️ KickEX CEO's Speech in the State Duma of the Russian Federation

Yesterday, bill №237585-8 "On Amendments to Certain Legislative Acts of the Russian Federation (in terms of digital currency regulation)" was discussed. The bill proposes:

📝 Legalizing miners in Russia who are included in a special registry.

📊 Requiring miners to sell the obtained cryptocurrency on foreign platforms.

🇷🇺 Banning the circulation and organization of cryptocurrency trading in Russia.

What could this lead to?

💰 Miners will extract energy resources from Russia and convert them into dollars or euros abroad.

🛥 The law will legalize money laundering and capital outflow from Russia to other countries.

#KickEX CEO Anti Danilevski presented proposals for the law under consideration. The main points:

💡 Legalize cryptocurrency by giving it a legal status (e.g., property, securities, digital financial assets).

🪪 Create a registry of domestic exchanges that will have the right to serve Russian miners.

✅ Require miners to sell the obtained cryptocurrency only on domestic exchanges included in the registry.

This will help keep capital in Russia, allow exchanges to accumulate cryptocurrency, which can be used in international settlements, and prevent money laundering and capital outflow through mining.

⚡️Weekly Update from KickEX: Improvements and New Features

We are excited to share the latest achievements of our development team aimed at enhancing the functionality of the #KickEX cryptocurrency exchange.

Here’s what was accomplished this week across various areas.

📆Week 23
Improvements and updates across three main sections:

📖Frontend
👨‍💻Backend
📱iOS & Android

We are continuously working to improve our product and hope that these changes make using KickEX even more convenient and efficient.

💚Thank you for staying with us! Stay tuned for our updates and new features. We always welcome your feedback and suggestions!

👉Read more about new developments in the blog

#DeveloperDiaries