Crypto Daily News - October 10, 2021

ISSUE 120 October 10th 2021

Crypto News

Court Ruling Threatens 17 Crypto Exchanges in Russia

Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms.

bitcoin.com

Why Bitcoin, the ‘$1 trillion market cap asset,’ needs to be acknowledged

Central Bank Digital Currencies are often classified as cryptocurrencies, but those who passionately believe in decentralization often view CBDCs with suspicion.

ambcrypto.com

El Salvador’s Bitcoin Adoption “Deserves Praise, Not Derision”- BitMEX CEO

The Chief Executive Officer of derivatives trading platform, BitMEX, Alexander Höptner said El Salvador’s decision to adopt Bitcoin as one of its legal tenders is a move that “deserves praise, not derision” from global monetary heavyweights. According to a message from the crypto veteran, the Bitcoin move from El Salvador was born out of the need to try a more working alternative compared to what the current financial ecosystem offers.

coingape.com

Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments

In preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors.

bitcoin.com

You Can Once Again Buy a Tesla with Crypto, but This Has Nothing to Do with Elon Musk

The payment protocols come by way of a new company called Car for Coin, a digital currency marketplace designed to help crypto collectors purchase exotic and rare vehicles with their assets. Among the vehicles for sale on the site are Lamborghinis and, of course, electric Teslas. While there is always an option to purchase with fiat currency (USD), the preferred methods involve virtual assets.

livebitcoinnews.com

Navigating the NFT minefield: It should be made easy for first-time buyers

Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take the prototype Batmobile from the 1960s Batman TV show, it was sold for $4.2 million. With collectibles, the concept itself is simple: An item has value based on its scarcity. The less of it there is, the more it’s worth.

cointelegraph.com

Edward Snowden Calls CBDCs 'Cryptofascist Currency' — 'Closer to Being a Perversion of Cryptocurrency'

On October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.” Snowden stressed that rather than being an innovation, CBDC’s are “closer to being a perversion of cryptocurrency” and a “cryptofascist currency.”

bitcoin.com

Bitmain stops shipment of Antminer crypto mining rigs into China

Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.

cointelegraph.com

Russia’s Regulator Bangs Gavel, 17 Crypto Exchanges Quiver

On September 2, Russia’s Kushnarenkovsky District Court of Bashkortostan prohibited several cryptocurrency exchanges for the information disseminated on certain pages on their websites.

coinquora.com

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CryptoPage - CryptoPage Newsletter - Issue 120

ISSUE 120 October 10th 2021

Crypto News

Court Ruling Threatens 17 Crypto Exchanges in Russia

Why Bitcoin, the ‘$1 trillion market cap asset,’ needs to be acknowledged

El Salvador’s Bitcoin Adoption “Deserves Praise, Not Derision”- BitMEX CEO

Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments

You Can Once Again Buy a Tesla with Crypto, but This Has Nothing to Do with Elon Musk

Navigating the NFT minefield: It should be made easy for first-time buyers

Edward Snowden Calls CBDCs 'Cryptofascist Currency' — 'Closer to Being a Perversion of Cryptocurrency'

Bitmain stops shipment of Antminer crypto mining rigs into China

Russia’s Regulator Bangs Gavel, 17 Crypto Exchanges Quiver

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