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Russian Lawmaker Proposes Bitcoin Reserve to Improve Financial Stability
Russian State Duma Deputy Anton Tkachev, a member of the New People party, has suggested creating a strategic Bitcoin reserve to strengthen the country’s financial stability. According to local reports in Moscow, Tkachev has formally submitted this proposal to Finance Minister Anton Siluanov. Russia to Consider Plans for a Bitcoin Reserve? In the proposal, Tkachev highlights the limitations of traditional currency reserves, such as the dollar, euro, and yuan. He mentions that these assets are susceptible to inflation and international sanctions. Also, Tkachev argues that a Bitcoin reserve could serve as an independent alternative, free from the influence of any...
BitGo’s New WBTC Custody Plan Draws Scrutiny Over Justin Sun’s Role
BitGo, a leading crypto custodial platform, will shift its Wrapped Bitcoin (WBTC) to a new multi-jurisdictional and multi-institutional custody model. This decision has raised concerns in the crypto community, particularly because of the involvement of Justin Sun, founder of the TRON blockchain. On August 9, BitGo revealed a 60-day transition period. The company plans to expand its custodial locations to include Hong Kong and Singapore. Sun’s Role in WBTC Custody Sparks Concerns In response to this development, prominent DeFi platform MakerDAO has begun assessing the potential risks associated with BitGo’s new WBTC custody strategy. The MakerDAO community is considering a...
CYBRO: An altcoin gem primed for a surge
contributor The crypto market is currently calm, awaiting the next big bull run. With altcoins still sitting at low prices, the stage is set for potential explosive growth. Investors are keeping a keen eye on which digital currencies will lead the charge when the market turns. This is a ripe moment to explore and identify the altcoin gems that are primed for a surge. The following article will delve into the altcoins that exhibit significant growth potential during this bear market. Discover which coins are poised to shine and could potentially yield high returns when the market shifts upward. Dive...
