kooshin said

 

El Salvador's Vice President Bukele slams Bitcoin Promoters

The president criticized the creative decisions of El Salvador in the three camps of the authorities who are easily feared, reasoning that he "owns everything" and continues to own everything from the media to banks, NGOs, international organizations and everything else. governments and companies around the world. They believe that the headlines are targeting the country because the president chose not to sell a single bitcoin. According to Buquel, El Salvador finds economic freedom, economic independence, resistance to censorship, and inheritable wealth as a center for Bitcoin adoption.

Russian businesses are getting around sanctions using Cryptocurrencies. Russian businesses operating inside Russia have started using cryptocurrencies to bypass sanctions for cross-border transactions, according to the Ministry of Finance. This was stated in an interview given by the director of the financial policy department of the Ministry of Finance, Ivan Chebeskov. Russian businesses are already receiving sanctions with the help of cryptocurrencies. This is despite the fact that the actual regulation of the crypto space in Russia has not yet been properly regulated. Chebeskov did not specify the companies being questioned. However, it is said that the volume of transactions has increased several times. This goes against the background of tightening sanctions.

Deflationary: Ethereum Supply drops by 5,500 ETH in five days. Ethereum has been relatively cheap for the past five days, and the total supply has decreased to about 5,500 ETH since October 8th. The consolidation marked Ethereum's transition to a temporary proof-of-honor algorithm, and one of the most drastic changes this introduced was related to the movement of the ETH supply. Since ETH is no longer mined, the amount it hits the market every day is drastically reduced by up to 90%. The information obtained from the ultrasound money helps us to monitor the changes. At the time of this writing, a total of 7,525 ETH have been added to the market since the new supply model was added.

$575 Million worth of BNB burned by Binance.The world's largest crypto exchange continues to burn BNB tokens as planned. Introduced about two years ago, the program allows users who have mistakenly sent some of their tokens to burn the addresses to recover part of them all. The last BNB burn - the 21st - quarter saw over 2 million coins removed from circulation. At the USD rate at the time of the event, the burning of this token cost approximately $575 million. As previously reported by CryptoPotato, the whole idea of ​​the Binance burning process is to bring down the token supply from the initial 200 to 100 million.

The CEO of Ripple expects the conclusion of the SEC court case early next year. Ripple CEO Brad Garlinghouse believes that the company's lawsuit with the Securities and Exchange Commission (SEC) will be concluded "in the first half of next year". "Whether it's the first quarter or the second quarter, we'll see," Garlinghouse said in an interview at DC FinTech Week. The SEC first filed charges against Ripple in December 2020, along with current CEO Garlinghouse and former CEO Chris Larson. Federal prosecutors accused the company of issuing its XRP token as a security without registering it.

Polygon powers new Indian police complaints portal. Indian Police in Firozabad has developed a web portal for reporting crimes using the Polygon (MATIC) modular blockchain, according to an Oct. 10 announcement. The police authorities launched the policecomplaintonblockchain.in to make crime reporting easier for residents. Firozabad is located in the state of Uttar Pradesh (UP). According to the website, the “Firozabad Public Grievance Management System (FGPMS) is a customized portal of Firozabad Police(Uttar Pradesh Police) to resolve grievance complaints. Grievances can be lodged anywhere and land in concerned stations to which the grievances prevail.” The website also contains other information about the portal, including the process for lodging grievances, the features, and how the authorities would act on filed complaints.