Crypto

Source: PexelsTaiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election. According to a report from Taiwan-based media outlet BlockTempo, the country’s authorities have sent subpoenaes to several influencers and individuals within the crypto community.Polymarket allows users to place…

Source: Adobe StockBitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken.Amid its consolidating back from the year-to-date highs near…

Source: artiemedvedev/AdobeRussian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said.Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future of Digital Finance.”Chebeskov said that the ministry had…

Source: sidneydealmeida/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform – following a deal that will let them trade USD Coin (USDC). Per Brazil’s Livecoins, the bank has apparently “responded to calls from the Brazilian Bitcoin community.” As such, the bank…

Source: I/Adobe The Russian Central Bank is playing down talk of a 2024 rollout for its digital ruble – insisting that the coin will not be ready for nationwide use before 2025. Per Tass, the bank’s press service said that while it was ready to go ahead with an “expansion”…

Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But…

Source: Putra/Adobe More Chinese cities will give away digital yuan tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. The Hebei News Network reported that the PBoC’s Hebei branch and local government authorities in the province will give out up to…

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