Author: CRYPTO WORLD

Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared; otherwise, it could be considered a criminal act. The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through…

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An Indonesian college student has become an internet sensation after trade in the digital rights to his selfies fetched more than US$1 million on a platform for non-fungible tokens. Sultan Gustaf Al Ghozali, who studies computer science at a university in the central city of Semarang, has taken a picture of himself sitting in front of his computer almost every day for the last five years. He intended to use the collection of nearly 1,000 selfies to create a timelapse video for his graduation day. But after learning about blockchain…

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Tesla has started accepting Dogecoin payments for company merchandise, although the firm states that it will not issue refunds for purchases made in DOGE. Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. Although it now accepts DOGE, the firm also clarified that it is not taking any other crypto. The company stated that it cannot receive other assets but DOGE on its website. The business…

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Android and Apple users in 10 Chinese cities can now download a pilot version of the country’s digital yuan wallet app directly from the iOS and Android app stores that enables them to acquire, store and use China’s central bank digital currency (CBDC). To date, Chinese consumers have only been able to download and open a digital yuan wallet when participating in specific pilot projects — such as the ‘red envelope’ lotteries held in Shenzhen, Chengdu, Suzhou and elsewhere — or in the form of CBDC wallets released by the…

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Investor Bill Miller is bullish on Bitcoin (BTC) despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull, as he said in a WealthTrack interview last Friday. The billionaire investor now holds 50% of his net worth in Bitcoin and related investments in major industry firms like Michael Saylor’s MicroStrategy and BTC mining firm Stronghold Digital Mining. An early Amazon investor, Miller owns almost 100% of the rest of his portfolio in Amazon,…

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Major crypto derivates exchange BitMEX said it will launch its token, BMEX, in 2022, in two phases. The first phase, an airdrop, “starts now,” the company said, adding that users trading from now until the end of March, will be airdropped BMEX according to their trading volume. The exchange noted that the tokens will start to be airdropped on 1 February. They have already set up an incentive system to get new users onboarded, with all new account holders who go through know-your-customer (KYC) requirements being eligible to receive 5…

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