Vladimir Putin, President of Russia, has opened the door to consolidating cryptocurrencies as a payment method and standard currency for international transfers.
In an interview with CNBC, the President of Russia said that cryptocurrencies “have a right to exist and can be used as a means of payment.”
However, when asked if the Russian president could start being used in exports of oil, gas or other commodities, Putin felt it was premature to raise them to this level because “crypto -currencies are not yet backed by anything ”.
“It seems to me that it is still too early to talk about it. We will see how it will develop, perhaps one day it will also be a means of accumulation. We see this market fluctuate, ”he added.
However, for the moment, the Russian central bank has followed a position similar to that of its European counterparts. Focused on the warning that cryptocurrencies are a complex and highly volatile investment product.
However, this week Deputy Finance Minister Alexei Moiseev dismissed the fact that Russia was going to make a decision similar to China’s. And, he argued that the country will not veto cryptocurrency trading in the short or medium term.
Buterin clarifies the big difference between Ethereum and Bitcoin
Ethereum co-founder Vitalik Buterin has long been an advocate for the crypto community, and in a recent podcast interview the 27-year-old expressed his views not only on his own network but also on the main cryptocurrency. Bitcoin and the communities of the two blockchains.
Buterin, who called himself a tech philosopher in the interview, said he feared the cryptocurrency space could fall into a “cultural trap” if current schools of thought were not changed amidst many. many supporters of the major cryptocurrency networks.
For your part, when asked if the turnaround would take place in the future, Buterin replied that “it might”. As to why Ethereum might take over Bitcoin’s market cap, he said:
“I think the big difference between Ethereum and Bitcoin is that Bitcoin is a platform where the value of the ecosystem comes from the value of the currency. But in Ethereum, the value of the currency comes from the value of the ecosystem.
Australia to launch its first crypto ETF
Amid the growing fervor for a Bitcoin with ETF approval in the United States, the Australian Stock Exchange (ASX) is set to introduce its first cryptocurrency-centric ETF. Australian ETF provider BetaShares is set to launch the ‘BetaShares Crypto Innovators ETF’, which will carry the stock code ‘CRYP’.
However, instead of being directly backed by a cryptocurrency, the fund will focus on global companies. Who work in the space of digital assets. As announced by the company.
Tesla already has $ 1 billion in profits from owning Bitcoin
Tesla currently holds around 43,200 BTC, worth around $ 2.5 billion at current prices. According to the online monitoring resource Bitcoin Treasuries.
That’s about 65% or $ 1 billion more than what the automaker paid in February. When Elon Musk’s company revealed that it had added $ 1.5 billion in BTC to its balance sheet.
Bitcoin Beach in Brazil
The site of the new Bitcoin beach is Jericoacoara, in eastern Brazil. According to Bitcoin Beach BR’s Twitter account, the experiment launched by an entrepreneur donating 0.02 BTC, along with a few friends, seeks to target node setup, help locals, educate them on Bitcoin, persuade businesses accept BTC then do “VIP BTC Experiences”.
Our master plan for Bitcoin Revolution:
– Configure our @mynodebtc
– Take care of the community and local workers
– Educate with the help of @MundocriptoF and @euusobtc
– Convince companies to take BTC as another payment method, better investment alternative
– Create VIP BTC experiences
– Bitcoin Beach Brasil ⚡ (@bitcoinbeachbr) October 12, 2021
Since 2020, Brazil has had a regulatory litter box. This means that blockchain-based projects and their creators are not at risk of being shut down or sanctioned, respectively, by the Brazilian Securities and Exchange Commission (CVM). Additionally, the country of over 211 million people has over one million registered crypto users.
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