Iran, following the example of North Korea, which began using Bitcoin during the economic crisis, is planning to do the same, given the difficult economic situation. Bitcoin is now more popular in the country than the national currency, the rial. In this regard, US State Department cybersecurity expert Morgan Wright believes that hackers will intensify Bitcoin extortion in the near future.
The Ukrainian government continues to develop a package of documents for the legalization of cryptocurrency transactions in the country. Now it’s time for mining.
Today the price of altcoins will return to the average price level
The US Securities and Exchange Commission (SEC) is set to review another pair of proposed ETFs from ProShares later this week.
The task force, led by exchanger Gemini, will hold its first meeting in September. At it, its members will discuss the possibility of creating a self-regulatory organization (SRO), whose task will be to monitor the growing US cryptocurrency market.
Lateral movement continues. The market is waiting for an impulse
The current bear market has significantly impacted trading activity on major US cryptocurrency exchanges. Diar researchers believe this is due to increased regulation.
According to Arabian Business, Dubai-based cryptocurrency exchange Bitoasis said it is working with Gulf Cooperation Council (GCC) regulators to “create a regulatory framework in light of the Saudi Arabian government's ban on digital currencies.” The exchanger's website states that its services are currently available in the UAE, Kuwait, Bahrain, Oman and Saudi Arabia.
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