Altcoins

Putin Subtly Endorses Cryptocurrency

Putin Subtly Endorses Cryptocurrency

Russia’s President, Vladimir Putin, has subtly expressed his opinion concerning cryptocurrencies. Putin made a statement that signaled his readiness to accept cryptocurrencies for financial transactions in Russia in the future. Speaking during an interview with CNBC, Putin said that cryptocurrencies have a right to exist and to be used as a medium of transactional payment. Putin however mentioned that it is too soon to begin talks about accepting cryptocurrencies as payment for oil, Russia’s main export commodity. The Road to Cryptocurrency Adoption Cryptocurrencies have been backed for adoption by many countries in the future given the wide rate of acceptance,…
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US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

Everyone in the cryptocurrency community would agree that stablecoins play a crucial role in both the crypto market and industry. However, officials from the United States Treasury Department have stated that there are various risks associated with stablecoins that must be studied in detail, particularly regarding what would happen if an overwhelming number of traders chose to withdraw various stablecoins simultaneously. The U.S Treasury Department realizes that cryptocurrencies have become incredibly popular, and thus so too has the stablecoin market. As such, numerous discussions were had, which still continue to this day, about how to regulate the private stablecoins in…
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Cardano Has Witnessed Growth After The Completion Of Alonzo Upgrade

Cardano Has Witnessed Growth After The Completion Of Alonzo Upgrade

The mainnet of Cardano was first launched in September 2017. Only last Sunday, the Cardano development team was able to successfully introduce the Alonzo upgrade after 4 years of its inauguration. After the successful completion of the Alonzo Hardfork Combinator Event, the Cardano blockchain is ready to butt heads with the largest blockchain ecosystem Ethereum. Cardano has gone on to describe itself several times as the ultimate Ethereum killer. Thus far, no Dapps has been launched on the network. However, several new contender projects are built as an alternative for the biggest traffic junctions on Ethereum. The impact of the…
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