Russia prepares roadmap for Bitcoin, crypto regulation
The Russian government is taking fast strides to regulate the bitcoin and cryptocurrency industries despite the central bank’s hard line.
Deputy prime minister Dmitry Chernyshenko signed a roadmap to provide the regulation of Bitcoin, identification of clients, establishment of liabilities for violations and the possibility of having cryptocurrency lending platforms and related assets in the country.
Meta goes Brazil to trademark Bitcoin and crypto services
Meta, the world’s biggest social media platform, recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts to enter the crypto space.
Accelerating this effort, Meta filed a trademark registration with the Brazilian National Institute of Industrial Property (INPI) to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services.
China pilots nationwide blockchain development over real-world use cases
The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities.
Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance.
Whale accumulated 13.8 million DOGE
According to Dogechain, an investor bought 13.8 million DOGE. Specifically, 13,876,440 DOGE ($1,984,345 USD) was transferred from multiple wallets to an unknown wallet.
Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion
Visa recently released its stellar quarterly results. With that, it is also the first quarter after the financial services company amped up its crypto offerings.
In its recent earnings call, Visa noted that its customers made $2.5 billion in payments with crypto-linked cards in its fiscal first quarter of 2022, reported CNBC.
State Senator introduces bill to make Bitcoin legal tender in Arizona
Arizona Sixth Legislative District Representative Wendy Rogers has introduced a flurry of crypto-related bills in the past few weeks, including one that would add BTC to the state’s list of things defined as legal tender.
Rogers also introduced a bill that would allow the government in Arizona, to pay employees in virtual currency if they request it.
9 billion SHIB acquired by whales as price goes up
Etherscan shows that in the past few hours, three crypto wallets have seen an inflow of SHIB totaling more than 9 billion tokens, which could signify a massive purchase.
SHIB, the 15th-ranked crypto asset by market cap, is up 3.22% in the last 24h and is trading at $0.000022 with a trading volume of $556 million.
Whales accumulated 5.5 million USD MATIC
According to WhaleStats, several of the largest Ethereum whales with the one ranked 4 among them, have acquired 4 million MATIC, totaling $5,529,716 in fiat.
Ripple’s XRP sales ballooned to $717 million in Q4
Ripple’s XRP sales have recorded a 46% quarter-quarter increase, according to the company’s recently published Q4 report. Overall, Ripple sold a total of $717 million in Q4 compared to $491.74 million in Q3.
Warner Music Group launches ‘Concert Theme Park’ in Sandbox metaverse
Warner Music Group (WMG) is entering the metaverse with a music-focused theme park in The Sandbox.
The virtual theme park will feature “concerts and musical experiences” from the music company’s star-studded roster of artists, which includes the likes of Ed Sheeran, Bruno Mars, Dua Lipa and Cardi B, according to a press release.