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Microsoft risks shareholder lawsuit if it ignores Bitcoin and prices rise — NCPPR
Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.
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Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024
Bitcoin Poised for Big Moves: What Experts Predict Ahead of the 2024 US Election
Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival
These crypto ETFs are ‘call options’ on the US elections
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
Curve Finance, TON drive DeFi evolution with partnerships
2025 will be TON’s year of DeFi, and it has partnered with Curve Finance to support a competition to find early leaders.
Standard Chartered’s Crypto Custody Unit Seeks $50 Million
Live Countdown to US Elections 2024: What’s at stake for crypto
Follow Cointelegraph’s live updates as we count down to the US Elections 2024, exploring its potential impact on crypto regulations, markets, and the future of digital assets.
UK-based pension scheme makes 3% Bitcoin allocation
Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.
Bitcoin Price Poised For $75,000 As Trump-Harris Race Tightens: QCP
Cryptocurrency Mining Gets Green Light in Russia, Putin Signs New Law
Russia took a significant step in legalizing
cryptocurrency mining in the region. The new law has strict limitations, allowing only specific groups to undertake the activity.
A new law signed by President Vladimir Putin now
recognizes crypto mining as a legal activity for entities listed in a state
registry, local media agency Tass reported. This step signals the country’s
desire to embrace the digital economy while controlling its potential financial
impact.
Who Can Mine
Under this new legislation, only Russian legal
entities and registered individual entrepreneurs may mine digital currency.
However, individual miners are not completely excluded. Those operating below a government-established energy consumption threshold can reportedly participate without registering. This is expected to give smaller, independent miners a limited path to operating legally.
The law also defines key roles within the crypto
mining ecosystem, introducing terms such as mining pool, mining infrastructure
operator, and address identifier. These additions aim to create a structured
and regulated environment for digital currency mining within the country.
The law allows the trading of foreign digital
financial assets on Russian blockchain platforms. Yet, this comes with a
restriction: the Bank of Russia retains the power to halt specific offerings if
they are deemed a threat to financial stability.
A Controlled Approach
This provision aims to ensure that the country’s
central bank maintains oversight and the capacity to intervene if necessary. Earlier this year, President Putin reportedly highlighted the
economic potential of digital currencies in a government meeting, emphasizing the urgency of establishing a legal framework.
He framed digital assets as a strategic opportunity,
noting that a clear regulatory environment would allow Russia to move quickly
into this promising area.
Besides that, Russia announced plans to test digital rubles for real-world use cases last year. In a statement issued by the
country’s central bank, Russia highlighted plans to begin issuing the digital
currency for broad use cases if the pilot project is successful.
The plan includes testing transactions, including
opening digital wallets for the ruble, money transfers, transfers between
users, payments of bills, and purchasing goods and services using digital
currency.
This article was written by Jared Kirui at www.financemagnates.com.