The Bill allowing European Parliament to ban cryptocurrencies using the proof-of-work (PoW) mining, including Bitcoin (BTC) has made its way back into the draft. As per latest reports, the EU parliament will vote over it on Monday. Earlier, the bill was removed from the Markets in Crypto Assets (MiCA) proposal facing backlash from the crypto community.
South Korea has elected the pro-crypto, conservative candidate Yoon Suk-yeol as their nation’s next president. According to a report by The Block, citing data from the BBC’s coverage, Yoon and his opposition People Power Party won the presidential election by a margin of less than 1% of votes. Yoon’s...
Billionaire venture capitalist Chamath Palihapitiya, who is the founder and CEO of investment firm Social Capital, is pushing back on the notion that Russia’s invasion of Ukraine will be a net positive for cryptoassets at the expense of the US dollar. Palihapitiya, who has been a supporter of cryptoassets, says...
The San Francisco-based payments company has long argued that the SEC didn’t give adequate notice of considering XRP to be a security. In fact, Brad Garlinghouse, CEO at Ripple had reiterated the same in a 19 February tweet. Nonetheless, sensing a possible victory, defendant had clamped down on the SEC with different significant strikes.
Bitcoin’s latest rally saw it diverge further from the equity market. While stock markets slumped further on news that the United States will ban Russian oil, the world’s largest cryptocurrency rallied more than 6% to break above $41,000.
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