Bitcoin News and Finance: What You Need to Know

Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed to offer payment options to users. Bank of Russia Governor Elvira Nabiullina: ‘People Should Be Able to Choose How to Make Payments’ Elvira Nabiullina, Governor of the Bank of Russia, explained that the institution had no intention of eliminating cash in the context of the tests being conducted with the digital ruble, Russia’s central bank digital currency (CBDC). In a press conference on September 15 after a meeting with the bank’s board of directors, Nabiullina explained that the institution was focused on giving Russians more choices when paying. According to Russian state-owned news outlet TASS, Nabiullina stated : Our fundamental position is that people should be able to choose how t

Details have been released about Polygon’s upcoming upgrade, Polygon 2.0. The company, known for its Ethereum scaling solutions, has introduced a few Polygon improvement proposals (PIPs) as part of its shift to a network of interconnected zero-knowledge-powered chains. Polygon 2.0 Unveiled in 3 PIPs According to the announcement , Polygon 2.0 focuses on scalability and interoperability by implementing zero-knowledge (ZK) technology. The intent of the upgrade is to transition Polygon into a network resembling the structure of the Internet. This network of ZK-powered chains seeks to enhance Ethereum’s capacity without compromising its security. “Three Polygon Improvement Proposals (PIPs) were released that lay out the specific changes that, following community endorsement, will begin to take place in early Q4 of this year,” the update details. The initial proposals concentrate on modifications to Polygon’s current Ethereum contracts, aiming to prevent inconvenience for users and dev

Jeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin in the market, has shared his skepticism about the passing of a stablecoin law anytime soon. On Laura Shin’s podcast, Unchained, Allaire explained that, while there is a consensus about the importance of regulating stablecoins in the U.S., he doesn’t believe that the recently advanced ‘Clarity for Payment Stablecoins Act’ will be signed into law. Circle CEO Jeremy Allaire Skeptical About the ‘Clarity for Payment Stablecoins Act’ Jeremy Allaire, CEO of stablecoin company Circle, is skeptical about the possibility of the recently advanced Clarity for Payment Stablecoins Act being passed into law. On Unchained, Laura Shin’s cryptocurrency podcast, Allaire stated that, while there has been a consensus around the need for stablecoin regulation in the country, he doesn’t think this legislation will pass. The reason behind his opinion lies in the lack of definition of key subjects in the bill that, according

South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced regulation in the crypto sphere, citing concerns that these enterprises facilitate money laundering and fraud. The Korea Customs Service estimates that unlawful cryptocurrency exchanges totaling 5.6 trillion won ($4 billion) transpired in 2022. Unregulated Crypto OTC Firms in South Korea Draw Regulatory Focus South Korean authorities are setting their focus on the crypto OTC market, according to a regional report published on Sunday. Essentially, over-the-counter (OTC) trading involves the direct buying and selling of assets, such as stocks, bonds, or cryptocurrencies, between two parties rather than on a formal exchange. OTC trades occur off-exchange and do not entail the same disclosure requiremen

After the Republican House of Representatives speaker, Kevin McCarthy, directed the House to open an impeachment inquiry into Joe Biden, bettors on the cryptocurrency-powered Polymarket platform have started placing bets on whether Biden will be impeached by two specific dates. Currently, bettors are wagering against impeachment on or before two specific dates: September 30, 2023, and December 31, 2023. Polymarket Bettors Predict Slim Odds for Biden’s Impeachment In both traditional and decentralized betting circles, gamblers are placing bets on whether Joe Biden will be impeached after House speaker Kevin McCarthy initiated an inquiry into Biden on September 12, 2023. McCarthy and other GOP House members contend that U.S. president Biden may have misled Americans regarding his son Hunter Biden’s overseas business dealings. Specifically, Biden is accused by McCarthy and others of alleged “abuse of power, obstruction and corruption.” “I am directing our House committees to open a

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil, Argentina, and Mexico are present in Chainalysis’ 2023 Global Crypto Adoption Index; Argentine presidential candidate Javier Milei blames socialism for Argentina’s economic decline, and Bull Bitcoin expands to Costa Rica. Brazil, Argentina, and Mexico Among the Countries With Most Crypto Adoption Brazil, Argentina, and Mexico are among the 20 countries in the world where cryptocurrencies are used most, according to the Chainalysis 2023 Global Crypto Adoption Index, a yearly report that seeks to estimate the countries where the most grassroots crypto adoption is located. According to several metrics, Chainalysis estimated that India, Nigeria, and Vietnam were the three countries with the most crypto adoption in the world, as the company acknowledged that while global crypto grassroots adoption was down, it was growing in lower medium-income

PRESS RELEASE. La Jolla, California – September 18th, 2023 – Presearch is a revolutionary platform that is changing the way people search the internet. Presearch is a decentralized search engine designed to empower users, respect their privacy, and provide a better search experience. It is powered by almost 70,000 user computers (nodes) in more than 100 countries. In a world where Big Tech search engines dominate the web with monolithic force, Presearch stands apart as a user-centric, privacy-focused, and community-driven alternative. Why Presearch Matters Traditional search engines are subject to censorship, collecting vast amounts of user data, invading privacy, tracking and profiling users for profit, while controlling the world’s access to information. “The world needs a search engine that is created by the people, for the people, in a way that protects privacy, can’t be censored and runs on decentralized infrastructure to provide resilience. That’s what we’re building here w

Softbank, one of the largest investment management conglomerates in the world, is reportedly eyeing several investments in the artificial intelligence (AI) field after having paused its crypto investments. According to the Financial Times, Softbank founder and chief executive officer Masayoshi Son is prepared to put tens of billions of dollars into AI, with Microsoft-backed Openai being one of these potential opportunities. Softbank Reportedly Prepared to Invest Billions in AI Initiatives Softbank, the Japanese investment management conglomerate, is considering entering the field of artificial intelligence (AI) investments, according to reports from the Financial Times. According to two people familiar with the matter, Softbank’s founder and chief executive officer Masayoshi Son is considering putting “tens of billions of dollars” into AI-related investments, with a partnership with Microsoft-backed Openai also in the company’s sights. The company posted a net loss of $3.3 billio

A Hong Kong Legislative Council member has assured Ethereum co-founder Vitalik Buterin that the friendly cryptocurrency policies in Hong Kong are “very stable.” In response to Buterin’s comments expressing his unfamiliarity with Hong Kong and its “complicated interaction” with Mainland China, the legislator has extended an invitation for the Ethereum co-founder to visit Hong Kong and acquire a deeper understanding of the city’s crypto regulations. Hong Kong’s Legislator Responds to Vitalik Buterin’s Crypto Policy Comments Johnny Ng, a member of Hong Kong’s Legislative Council, has responded to the remarks by Ethereum co-founder Vitalik Buterin regarding Hong Kong’s crypto policies. Buterin cautioned crypto projects seeking to set up operations in Hong Kong at this year’s Web3 Transition Summit in Singapore which took place on Sept. 4. “Yesterday, Ethereum founder Vitalik Buterin shared his views on the development of virtual asset projects (cryptocurrencies project) in Hong Kong. I