LUNA and WAVES Rally as Bitcoin and Ethereum Secure Gains
Bitcoin's price remained bullish above the USD 46,500 support level, testing the USD 48,000 mark. It is now consolidating gains above USD 47,500 (04:00 UTC) and eyeing further gains above USD 48,000.
Meanwhile, the majority of big altcoins are trading in the positive. Before correcting downward, ETH continued to rise over the USD 3,350 and USD 3,400 marks. While XRP soared and tried the USD 0.90 resistance, ADA tested the USD 1.245 resistance.
Crypto Industry Fights Back Against EU Propaganda on "Unhosted Wallets"
In response to regulatory initiatives, the global crypto industry is destructive to the sector's future development, and the industry is actively fighting back.
Following the failure of a campaign by some European Parliament (EP) members that ban cryptoassets powered by proof-of-work (PoW) consensus protocols, the crypto sector is now focusing on a potential crackdown on "unhosted wallets" under the European Union's upcoming Transfer of Funds Regulation (TFR).
UnionPay has launched a self-service platform for merchants that want to add digital Yuan payment options
Merchants are being given services that allow them to sign up to accept central bank digital currency (CBDC) payments through third-party operators, as the digital yuan finds more uses.
According to a report by China National Radio, the domestic financial behemoth UnionPay is launching a self-service signup website for retailers interested in using the digital CNY.
UnionPay has signed a strategic cooperation agreement with the Digital Currency Research Institute, the CBDC branch of the People's Bank of China, making it "one of the first third-party payment service organizations" in the country (PBoC).
Russia is looking to expand its Bitcoin and cryptocurrency mining industry, In the middle of the Ukraine war
Russia looks to be eager to develop its Bitcoin (BTC) and crypto mining industries, and has promised miners that sanctions implemented in response to Russia's invasion of Ukraine will not prevent them from continuing to mine tokens. Despite the engagement of some of the country's most powerful officials, the long legal battle for legalization continues.
According to Regnum, Bitriver's Oleg Ogiyenko, the "biggest operator of crypto mining data processing centers in Eurasia," announced that the "supply of cryptocurrency mining equipment to Russia" would "not be interrupted."
To promote cryptocurrency scams, impostors create deep fake videos of ordinary 'more believable'
Scammers are utilizing profound deep-fake technology to imitate anyone from influencers to prominent crypto people to take cryptocurrency from unsuspecting casualties; notwithstanding, they right now have all the earmarks in on copying normal individuals since they are "more convincing" devices.
Miranda, an internet business representative who would have rather not utilised her genuine name since her boss has not allowed her to talk freely, was the latest casualty of such an assault.
