Chechnya Leader Kadyrov Admitted Buying Bitcoin, Urged Not to Ban Cryptos

Chechnya Leader Kadyrov Admitted Buying Bitcoin, Urged Not to Ban Cryptos

The leader of Chechen Republic, which is a part of Russia, lose all the money that they piled into cryptos.

He also emphasized that the market is full of fraudsters, so everybody should be meticulous attentive when dealing with bitcoin.

Our top trading bots

Legalization is Good, Banning is Negative

Additionally, Kadyrov said that he supports the legislation of cyber money. However, he believes that bitcoin and its ilks should not be forbidden.

According to his words, it is crucial to safeguard people from the pyramid, Ponzi, and other deceitful schemes.

Currently, bitcoin and crypto issues are not settled by the Russian government, but the country’s lawmakers are working on the draft law, the initial version of which has recently been published by Russia’s Ministry of Finance.

Exxon Mobil is using excess natural gas to power crypto mining: Report
United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining...
Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors
The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador...
The dreaming: Indigenous Australians are making an embassy in the Metaverse
One of the world’s oldest living cultures is meeting the world’s newest emerging tech as Indigenous Australians begin to take part in the Metaverse.“First...
Andreessen Horowitz invests $70M in Ethereum staking protocol Lido
Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round...
Softbank backed startup to offer retail crypto trading
Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading...
Binance Labs leads $12M round for DeFi platform Woo Network
Decentralized finance (DeFi) liquidity provider Woo Network has secured additional funds in a Series A funding round.Incubated by quantitative trading heavyweight...
Polkadot envisions Web3 disruption with multiple parachain launches
Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between...
“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme
Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange...
Binance to cease crypto futures and options in Australia
Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing...
Regulatory and privacy concerns trail SEC’s threat to Coinbase
Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States. While these enforcement actions...
Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995
Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses...
Nifty news: Polyient marketplace, Ronaldinho drop, and a 'staggering' $4800 NFT sale ...
Investment firm and development studio Polyient has unveiled an NFT marketplace with decentralized finance (DeFi) functionality. The marketplace dubbed...
UK chancellor names CBDC on list of financial reforms for Treasury
Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government...
Catalytic event or unbridled optimism? Coinbase approaches public listing
The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United...
New Ethereum Hard Fork
Hard forks, hard forks, hard forks. We came across many of them. But you can not ignore changes, especially if it concerns platforms such as Ethereum.Everyone...