Crypto News Cast 📮 01-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1258 B
📊24h Mcap %: -50.63%
⚠️Bitcoin Dom: 46.10%
📌Active Coins: 4540
📍24h Vol %: -9.21%
💲24h Vol: $84 B
Crypto News Updates :
- Argentines Are Turning To Bitcoin In The Face Of Rising Inflation Fears
- Turkey Is Working On A Crypto Bill That Will Be Submitted To Parliament
- Fidelity Will Provide Ethereum Trading And Custody Services
- Ethereum May Gain Traction Over Bitcoin, According To Soros’ Fund Manager
- BNB Chain Announces Future Decentralization And Interoperability Plans
- Russia Is Ready To Accept Bitcoin And Other Cryptocurrencies For International Payments
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– Argentines Are Turning To Bitcoin In The Face Of Rising Inflation Fears
Despite the market being in the red for several months and the central bank prohibiting financial institutions from dealing with digital assets, many Argentines have resorted to Bitcoin (BTC) and crypto as a way to hedge against 60 percent inflation in the country. According to a Reuters Market Intelligence research, Argentina’s “crypto penetration” has reached 12 percent, more than double that of Peru, Mexico, and other nations in the area. Read Full on cointelegraph.
– Turkey Is Working On A Crypto Bill That Will Be Submitted To Parliament
According to Bloomberg, Turkey is working on a law to set new regulations for the cryptocurrency industry. President Recep Tayyip Erdoan’s AK Party aims to present the cryptocurrency bill to parliament in the coming weeks. Companies will be required to hold a minimum of 100 million liras ($6 million) in capital under the new regulatory framework. Furthermore, global bitcoin exchanges would be required to open Turkish branch offices that may be taxed.Read Full on Bitcoin News.
– Fidelity Will Provide Ethereum Trading And Custody Services
According to a new claim from the Wall Street Journal, Fidelity is intending to offer services for the custody and trading of Ethereum and other cryptocurrencies. Fidelity Digital Asset Services LLC, a subsidiary of Fidelity Investments, was looking to hire 110 blockchain experts, including developers and engineers. These new personnel will presumably contribute to the development of the infrastructure required to support Ethereum services. Read Full on Crypto Briefing.
– Ethereum May Gain Traction Over Bitcoin, According To Soros’ Fund Manager
Due to growing climate worries, Dawn Fitzpatrick, the chief executive and investment officer of Soros’, believes that Ethereum will acquire more popularity than Bitcoin. This comment comes as Ethereum prepares to switch from a Proof-of-Work to a Proof-of-Stake consensus mechanism. Cryptocurrencies, according to Fitzpatrick, have already gone mainstream and are here to stay, despite the imminent threat of a worldwide recession. Read Full on Crypto Briefing.
– BNB Chain Announces Future Decentralization And Interoperability Plans
On Tuesday, BNB Chain released its technological roadmap, which included updates on cross-chain interoperability, decentralization, governance and procedure, and more. The layer-one blockchain will become increasingly decentralized in the next months, with open-source applications joining the Beacon Chain and the BEP-131 proposal roughly doubling the number of validators. It looks to provide users with a higher level of transparency and security. Read Full on CryptoPotato.
– Russia Is Ready To Accept Bitcoin And Other Cryptocurrencies For International Payments
The Russian Federation’s Central Bank is considering enabling bitcoin and other cryptocurrencies to be used for foreign payments. According to Ksenia Yudaeva, Russia’s first deputy governor, the active use of cryptocurrencies within the country’s financial infrastructure, poses significant hazards to people and consumers. A measure has been presented by the Russian government to regulate bitcoin and other cryptocurrencies. Read Full on Bitcoin Magazine.
