Crypto Ethone

RUSSIA TO L E GALIZE USE OF CRYPTOCURRENCY IN INTERNATIONA L TRADE: REPORT The Bank of Russia and the Ministry of Finance have reportedly agreed to move toward appro vi ng the use of cryptocurrency payment s in international trade. Russia is close to pushing legislation for the use of cryptocurrency in international trade. In current conditions “it is impossible to do without cross-border settlements in cryptocurrency,” the Bank of Russia and Ministry of Finance have reportedly agreed. The necessary regulatory framework will still need to be introduced. The Bank of Russia and the country’s Ministry of Finance have reconsidered their positions toward cryptocurrency, acknowledging it to be necessary to legalize the use of cryptocurrencies in cross-border settlements, per a report by local news outlet  TASS . According to TASS, the two government bodies have agreed that “it is impossible” to continue without enabling cryptocurrency as a legal payment method for international trade. ...

  I wrote a Binance Beginner’s Guide to help crypto newbies like myself become familiar with using the basic functions of the Binance website . I’m sure that you’ve all heard about  Bitcoin and other cryptocurrencies and crypto exchanges  on various traditional media and social media websites. Having said that, for this article, I will only be only including the basics – buying and selling cryptocurrencies and basic navigation of the site, and of course, my personal experience as a new user of Binance . Note to Readers:  Please be advised that the information written here is valid as of the time of writing but may have been updated by the time you see/read this post. Please refer to the linked  Binance website or app  to get the updated details. If the links are not working by the time you see the article, please go to the Binance homepage . By the way, before you sign up with Binance or any other cryptocurrency exchanges, I highly suggest that you sp...

  "The events of the past few weeks have put some stablecoins to the test and we’ve seen a flight to safety," a new blog post warns. Coinbase has launched a thinly veiled attack against the Tether stablecoin — and is urging users to switch to the "trusted and reputable" USD Coin instead. In a new blog post, the exchange — which helped co-found USDC back in 2018 — said "stability and trust" are of utmost importance to customers during the bear market, adding: "However, the events of the past few weeks have put some stablecoins to the test and we’ve seen a flight to safety." While not addressing any rival stablecoins by name, this is likely a reference to USDT, which has been put through its paces in the month since FTX collapsed. CoinMarketCap data shows USDT briefly lost its peg and fell to 30-day lows of $0.9815.   What's more, the world's biggest stablecoin has seen 52-week lows of $0.9485, faring far worse in trading pairs on some cryp...

  Ripple's coming judgement will greatly influence the market's future Crypto enthusiasts are patiently waiting for a win, seeing as 2022 has been particularly unkind to the industry. Locked in a crypto winter with investor trust tanking, something needs to right the ship.  Ripple  ( XRP-USD ) could do just that. The company behind the XRP crypto is  finally  seeing an end to its Securities & Exchange Commission (SEC) court battle. The crypto market might get a catalyst if Ripple can pull off a win. It’s been a long road for Ripple. The SEC opened its complaint against the company in December of 2020. Since then, Ripple has been diverting resources from its business to fight accusations. The accusations revolve around whether XRP is a security; if the court rules so, it would mean that Ripple has illegally sold securities, according to established U.S. law. A hefty punishment awaits the company if it loses in court. And, in the midst of a wildly bearis...

  Hong Kong/New Delhi CNN Business  —  The crypto industry just can’t catch a break this year. Binance, the world’s biggest cryptocurrency exchange, is investigating a hacking incident that affected a number of crypto tokens Friday. According to its founder and CEO Changpeng Zhao, a private key, used to encrypt or decrypt data, had been hacked. “Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one,” Zhao  said  on Twitter, adding that the Ankr and Hay tokens were affected. Binance paused withdrawals a few hours ago, CZ tweeted. He appeared to be referring to Ankr’s loyalty token aBNBc, which was targeted by the hack, according to Binance. Hay is a stablecoin, a kind of cryptocurrency that is pegged to another asset. “Smart contract” is a term used to describe computer code that automatically executes all or parts of an agreement. It is usually stored on a blockchain-based platform. “A hacker mana...