• May 28, 2022

Crypto summary: “European Union discusses the ban on Bitcoin”

Crypto summary: “European Union discusses the ban on Bitcoin”

Keeping abreast of the latest and most recent crypto news is nowadays an indispensable requirement to understand the crypto world. In addition, to have the minimum capacity and tools that allow us to give our opinion in a reasonable way. Standing out in this crypto summary: The European Union discusses the ban on Bitcoin.

Now, in today’s post, we present you, a brief review of what were the most outstanding crypto news of the week, so you don’t miss any details. Among the 7 news of our crypto summary we have:

  1. The European Union discusses the ban on Bitcoin.
  2. An Argentine deputy offered cryptocurrencies to anyone who denounces the most useless state procedure.
  3. The US Treasury Department sanctions 3 Ethereum addresses.
  4. Stripe and Twitter to test crypto payments feature with Connect and USDC
  5. Binance rejects accusations that it has violated the privacy of its users.
  6. Coinbase has launched its own NFT marketplace.
  7. Tennessee is looking for a provider to help manage unclaimed cryptocurrencies.

European Union discusses the ban on Bitcoin

To begin the crypto summary, new documents have revealed the extent of the conversations between officials of the European Union (EU). By the way, considering a ban on Bitcoin trading.

«Warnings that cryptocurrencies could become a driving factor for climate change are causing concern among officials in Berlin and Brussels. Behind closed doors, the European Commission and the German government are considering banning Bitcoin mining and cryptocurrency trading».

An Argentine deputy offered cryptocurrencies to anyone who denounces the most useless state procedure

Next in the crypto summary of this week, the national deputy of the UCR Martín Alberto Tetaz announced on his Twitter account that he will give away $ 1,000 in cryptocurrencies to whoever denounces the most absurd procedure in Argentina. So, Tetaz’s idea is to use these complaints to eliminate bureaucracy in that country.

It should be quite clear that, to participate, Martín Tetaz explained the steps through his Twitter, where he detailed the rules and conditions after the stir generated by his announcement.

  1. Each complaint must be made next to the hashtag #TramiteMasInutil specifying the agency (national, provincial or municipal) and justifying it.
  2. You will win the prize of 1,000 DAI, the procedure that ends with the most RT at the end of the month of April. In an eventual RT tie, it will be defined by the number of Likes.
  3. The winner will have to send me a DM in the first week of May. With the address of your wallet to transfer the 1,000 DAI to you.

US Treasury Department sanctions 3 Ethereum addresses allegedly linked to North Korea

In any case, the government department hinted that the addresses were added to the list in an effort to prevent North Korea from evading sanctions imposed by the United States and the United Nations.

In fact, in an update, the Treasury Department’s Office of Foreign Assets Control (OFAC), included three Ethereum addresses in its Specially Designated Nationals restrictions for North Korea’s Lazarus Group.

Stripe and Twitter to test crypto payments feature with Connect and USDC

Next, according to Stripe’s announcement, the plans are to allow its customers to pay with cryptocurrencies through Stripe’s Connect, a Stripe tool that allows integrating payments into a software platform or Marketplace. At the moment, the pilot program is exclusively available for Twitter.

«With crypto payments for Connect, Twitter will make it possible for creators who opt in to pay their earnings to a cryptocurrency wallet».

Binance rejects accusations that it has violated the privacy of its users

Meanwhile, Binance is being targeted for allegedly not respecting the privacy of its users. A Reuters investigation revealed that this company gave customer data to the Russian government.

Shortly after the Reuters investigation was published, Binance came out in front to disassociate itself and deny such allegations. According to them, at no time did they give information about their clients to the Russian government.

Coinbase has launched its own NFT marketplace

Coinbase, announced the launch of its NFT marketplace in its beta version for a small group of previously invited testers.

Specifically, it is looking to take on other competitors in the space, adding social features, such as a comment system (with upvotes and downvotes) and an algorithmic Feed similar to that of Instagram.

Tennessee is looking for a provider to help manage unclaimed cryptocurrencies

And finally, in our crypto roundup, the state of Tennessee has requested proposals from contractors who can help you manage unclaimed cryptocurrencies on your behalf.

According to the announcement, the government has asked potential suppliers to submit a proposal to the Tennessee Treasury Department on how they will manage any cryptocurrency for the state. Although the state does not have crypto legislation at the moment, it wants to be prepared.

By way of closing, so that you don’t miss any details about what is happening in the world, check out these and other news from the crypto summary, through our main page.

I leave with this quote from Richard Quest: “Whatever happens with Bitcoin, other cryptocurrencies are gaining ground and more respect».