Crypto News Cast 📮 28-02-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1826 B
📊24h Mcap %: 49.21%
⚠️Bitcoin Dom: 42.50%
📌Active Coins: 4517
📍24h Vol %: -17.10%
💲24h Vol: $49 B
Crypto News Updates :
- Amendments To South Africa’s Cryptocurrency Regulations Ready In 2022
- Freelance Workers in Argentina Are Getting Their Pay in Crypto
- Non-Zero Bitcoin Addresses Hit An All-Time High Above 40 Million
- South Korea Will Invest $187 Million In A Nationwide Metaverse Initiative
- Russian Banks Pushes Interest Rates By 20%, RUB/BTC Volume Reached 9-Month High
- To Get Over US Sanctions, Russian Financiers May Turn To Cryptocurrency
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– Amendments To South Africa’s Cryptocurrency Regulations Ready In 2022
The South African Treasury anticipates the recommendations to add crypto asset service providers as accountable entities within the Financial Intelligence Centre (FIC) Act to be finalized this year, according to the Treasury. The plan to regulate crypto service providers comes as South Africa tries to solve severe flaws in its anti-money laundering and counter-terrorist financing systems that the Financial Action Task Force highlighted (FATF). Read Full on Bitcoin News.
– Freelance Workers in Argentina Are Getting Their Pay in Crypto
Freelancing is soaring in Argentina, according to the report titled “State of Global Hiring 2021” created by the global hiring firm, Deal, and also comments on how Argentinians are among workers in the region that most actively use cryptocurrencies to receive part of their paycheck. The report further states that workers accepting their payment in crypto favor traditional cryptocurrencies such as Ether and Bitcoin, which account for almost 90% of the payments made in crypto. Read Full on Bitcoin News.
– Non-Zero Bitcoin Addresses Hit An All-Time High Above 40 Million
The number of non-zero bitcoin addresses hit all-time high of 40,276,163, according to on-chain analytics agency Glassnode. The previous ATH of 40,275,801 was seen on 05 Feb 2022. Additionally, those wallets with a positive BTC balance are increasingly hodling their coins. The amount of BTC circulating supply last moved between three and five years ago reached a four-year high of just over 2.8 million coins, as per data from Glassnode. Read Full on cointelegraph.
– South Korea Will Invest $187 Million In A Nationwide Metaverse Initiative
The Ministry of ICT, Science, and Future Planning in South Korea will use 223.7 billion KRW ($186.7 million) to develop a detailed Metaverse ecosystem to support the expansion of digital content and corporate growth in the country. According to the Ministry’s official statement on Feb. 27, the monies will be used to finalize four primary objectives in the creation of the Expanded Virtual World, targeting to be an all-encompassing Metaverse environment. Read Full on cointelegraph.
– Russian Banks Pushes Interest Rates By 20%, RUB/BTC Volume Reached 9-Month High
According to a CoinDesk story using Kaiko statistics, Russian ruble-to-Bitcoin (RUB/BTC) trade volumes hit a nine-month high after the country’s fiat currency dropped to record lows in the aftermath of the invasion of Ukraine. Following the introduction of hefty financial sanctions by Western nations, Russia hiked its key interest rate to 20% after the rouble fell to a historic low, putting Russia’s banking industry under significant hardship. Read Full on Finbold.
– To Get Over US Sanctions, Russian Financiers May Turn To Cryptocurrency
Following a new wave of sanctions aimed at cutting Russian banks off from the global financial system, experts are looking at cryptocurrencies as a way to get around the sanctions. Following an escalation of Russian President Vladimir Putin’s unjustified invasion of Ukraine, the US and EU slapped sanctions on Russian banks, technological industries, and aerospace operators, affecting a large chunk of the country’s economy. Read Full on blockworks.
