🚀 Crypto is now Officially Legal in Russia! (You still can use it to buy coffee though) - Hallo sahabat
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🚀 Crypto is now Officially Legal in Russia! (You still can use it to buy coffee though)
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🚀 Crypto is now Officially Legal in Russia! (You still can use it to buy coffee though)
Also, have you been collecting candies?
How has your day been?
Before we get started, this question needs to be asked:
What was The Economist thinking?!
"[This crypto]'s price went up by XX,XXX% in 100 Days!" is definitely NOT how one can inspire confidence (especially in a cryptocurrency) through a newspaper tailored mainly to knowledgeable mainstream readers who are already acquainted with current affairs, international business, politics and technology.
(Editor: The game plan here is most definitely to use The Economist as a stepping stone to claim "endorsement" by the news magazine. It may not be done by Richard Heart and co. themselves, but someone will definitely do it. As always, DYOR)
Aside from that, today we're talking about good news from Russia, paying hotels with crypto, and Monero's plan to get listed on exchanges.
Enjoy the newsletter today!
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| Cryptocurrency is now Officially Legal in Russia (as savings and investments)Russia has declared cryptocurrency legal after president Vladimir Putin signed the bill recognizing cryptocurrencies as a type of property. The bill defines cryptocurrency as a means of savings and investments but not as a means of payment.
The bill also allows cryptoexchanges to legally buy, sell and facilitate asset exchange after registering with the Central Bank of the Russian Federation.
(Editor: This is a certainly a pleasant surprise! In a previous edition we mentioned that the bill was awaiting approval and is supposed to come into force by early 2021.)
DailyHodl
| | Travala.com adds support for Agoda Hotels bookingTravala.com (AVA) has entered a partnership with Agoda, one of the largest online travel booking platforms. With this partnership, users of Travala can now pay for up to 600,000 hotels using 30 different cryptocurrencies. The firm forged a similar partnership with Expedia in early July.
(Editor: Planning a Stay-cation away from home with your crypto gainz? This may be the best way to spend them #notfinancialadvise)
CoinDesk
| | Monero and Tari Labs To Publish Guide To Help Exchanges List Privacy CoinsMonero (XMR) is set to publish a guide with Tari Labs to help exchanges list Monero while complying with regulations. It'll be published in the form of a whitepaper which will be called "The Fundamentals and Regulation of Privacy-Enabling Cryptocurrencies".
It will acknowledge that there are greater risks involved with privacy coins, but can be met with enhanced compliance tools.
Monero has been delisted from a number of crypto exchanges in the past due to local regulations. Decrypt | |
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| Application-Specific Integrated Circuit (ASIC)Application-Specific Integrated Circuit (ASIC) refers to computer equipment which are specialized for a specific use, rather than general use.
An example of ASIC would be Bitcoin mining machines that are made to solve the SHA-256 algorithm repeatedly and in orders of magnitude quicker than general use hardwares (eg. graphic cards).
Initially developed only for the Bitcoin algorithm, the development, sale and usage of ASIC quickly became a lucrative industry as it expanded to cover many other cryptocurrencies.
It is worth noting that ASICs are not used only in the crypto scene - appliances that are made to do specific functions can also be equipped with ASIC chips for efficiency purposes. Learn about other Crypto terms here | | | |
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