Crypto News Updates

The Ministry of Finance announced it is already allowing its employees to receive wages in digital rubles, using accounts opened on the Bank of Russia platform. Anatoly Aksakov, head of the State Duma Committee on the Financial Market, also hinted that ATMs will process digital ruble withdrawals next year. Ministry of Finance Pays Wages in […] from Bitcoin News https://ift.tt/KJGO1D4

Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter. Softer Jobs Data Put Bitcoin’s $87K Barrier in Focus Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct. […] from Bitcoin News https://ift.tt/UFuseah

Does Clippy have a meme coin? No, but followers of Microsoft’s X account might have thought so on Thursday when the tech giant’s access was hijacked to promote an unauthorized crypto token.   On Thursday, Microsoft’s official X account began making surprising moves, including following an account promoting an unofficial meme coin inspired by the […] from Bitcoin News https://ift.tt/5IRExfq

Aave founder Stani Kulechov is criticizing proposals from European regulators that could extend restrictions on stablecoin yield and place new controls around access to DeFi. MiCA Review Puts DeFi Access in Focus Aave founder Stani Kulechov is warning that Europe risks regulating the openness of decentralized finance. Kulechov shared an X thread on Friday expressing […] from Bitcoin News https://ift.tt/Lj30ipZ

Following the U.S. Senate’s failure to reach the 60 votes required to pass the CLARITY Act, Stand With Crypto has unveiled an expanded slate of pro-crypto candidates it’s backing in the midterm elections.   Stand With Crypto Endorses Bipartisan Candidates Ahead of Midterm Elections Stand With Crypto (SWC), an American crypto advocacy organization, has said […] from Bitcoin News https://ift.tt/5U81hcx

Most bitcoin treasury companies follow the buy-and-try-to-hold model pioneered by Strategy, the publicly traded giant with nearly $72 billion worth of BTC. But a new entrant to the space says it already plans to sell acquired assets in an effort to beat bitcoin’s price moves. A Different Kind of Strategy On Friday, Supercycle Finance announced […] from Bitcoin News https://ift.tt/sC9TgEO