5 cryptocurrency projects that made waves in 2021
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Turkey’s crypto law is ready for parliament, President Erdoğan confirms
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira’s falling value.
Turkey’s President Recep Tayyip Erdoğan has reportedly confirmed the completion of a crypto law draft that will soon be shared with the Parliament for mainstream implementation in the country.
In an effort to counter the falling value of the Turkish lira, President Erdoğan shared plans to implement a new economic model while speaking at a press conference in Istanbul. As reported by local media NTV, Erdoğan said that the cryptocurrency bill is ready, adding:
“We will take steps on this issue by sending it to Parliament without delay.”
Acknowledging the country’s recent inflationary episode, Erdoğan said that the currency event is not related to mathematics but a matter of process — implying a possibility and potential of lira’s value growth:
“With this understanding, we intend to channel it to a dry spot. But the exchange rate will find its own price on the market.”
With the introduction of the new crypto law, the president envisions Turkey to become one of the 10 largest economies in the world. Speaking about the rising prices in the region, he shared plans to follow the people who change the labels of the price list organizers several times a day. “We want them to lower the dollar’s increases now,” he concluded.
Related: Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall
On Nov. 23, Bitcoin holders in Turkey avoided an accelerating currency collapse as the lira lost 15% against the U.S. dollar in a single day.
As Cointelegraph reported, the fiat currency’s fall resulted in Bitcoin (BTC) reaching a new all-time high against the Turkish lira. The BTC/TRY trading pair reached 723,329 Turkish lira on Binance.
The post Turkey’s crypto law is ready for parliament, President Erdoğan confirms appeared first on CoinRegWatch.
Santas Elves Minting Altcoins? Santa Claus Crypto Rally Explained
The stock market and crypto markets have had a lot of crossover this year. Whenever I look to see how the Nasdaq is doing I can usually guess how the crypto markets are doing as well. We know that winter has not always been kind to crytptocurrency markets(as we saw in the 2018 crypto winter). […]
The post Santas Elves Minting Altcoins? Santa Claus Crypto Rally Explained appeared first on Crypto Giggle. Your home for Crypto Moonshots
LUNA reaches $100 as major exchanges list Terra’s UST stablecoin
The Terra ecosystem has experienced parabolic growth this fall which culminated this Friday as its native cryptocurrency LUNA reached its all-time high of $100.
The post LUNA reaches $100 as major exchanges list Terra’s UST stablecoin appeared first on CryptoSlate.
Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners
The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies […]
US SEC Ruins Christmas For Cryptocurrency Investors With Yet Another Bitcoin Spot ETF Rejection
Valkyrie and Kryptoin ETF proposals have been denied by the Securities and Exchanges Commission. The Commission gives the same reasons as WisdomTree’s rejection. ETF enthusiasts are eyeing February for a spot Bitcoin ETF from the SEC. The SEC has once again refused to approve spot Bitcoin ETF applications. This time the ETFs rejected are from […]
Kristof Schöffling’s Move Digital Positions Itself as a Leader in the Metaverse
[PRESS RELEASE – Please Read Disclaimer] Kristof Schöffling’s DLT advisory company Move Digital will enter 2022 ranking among the leaders in the growing Metaverse space. An early adopter and builder in the space, Move Digital has grown to over 100 employees in 2021 and has helped decentralized Metaverse projects worldwide increase their presence and valuations […]
Terra’s Mirror protocol warns community against governance attack
The attacker launched a public poll on Mirror’s official website, which falsely proposes a freeze on the community pool in case of a scam. If executed as planned, the attacker would receive 25 million MIR tokens.
Public blockchain network Terra has confirmed an ongoing scam attack via an official governance poll on Mirror, an in-house synthetic assets protocol.
According to Mirror, the attacker launched a public poll on Mirror’s official website, which proposes a freeze on the community pool in case of a scam.
NEW MIRROR POLL! ALERT: Poll 211 is SCAM — sending 25,000,000 MIR to itself … #vote on 212: https://t.co/FH6RqTbJ2j $MIR $LUNA #terra
— Mirror Polls (@mirror_polls) December 25, 2021
According to Poll ID: 211, named “Freeze the community pool in case of scam”, the scammer proposes an upgrade of safer community governance rules in case of a hack. If the hacker manages to get a positive majority on the poll, 25 million MIR tokens (worth $64.2 million at the time of writing) will be sent to the hacker’s address.
As evidenced by the above screenshot, Mirror’s proactive approach to warn the community has seen a sizable increase in the number of ‘No’ votes — confirming the security of the funds. According to WuBlockchain, the attacker initiated Proposal 185, disguised as a request for cooperation with Solana, effectively trying to defraud 25 million MIR tokens from the community fund pool.
The attacker’s poll will remain publicly available for voting till Jan. 01. However, the Mirror team launched Poll 212 to warn the unwary investors:
“Poll 211 sending 25,000,000 MIR to itself. VOTE NO to any poll sending community funds out.”
The post Terra’s Mirror protocol warns community against governance attack appeared first on CoinRegWatch.
Marathon Announced New Purchase of Bitmain Miners, Expects to Reach 23.3 EH/s for Early 2023
Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s while being more efficient than its previous […]
While Bitcoin Maintains $50K, Bitcoin Cash ABC Up 50% (Market Watch)
While bitcoin has remained relatively calm around $51,000, BCHA has gone on a tear with a massive 50% daily surge.
The post While Bitcoin Maintains $50K, Bitcoin Cash ABC Up 50% (Market Watch) appeared first on CoinRegWatch.