Daily Crypto NewsEDITION #409, 17 February 2022

Russia has only two allies: mining and crypto

Hey Moni Maker 🎽

Today, in 1978, the first computerised electronic noticeboard, the BBS, was created. Hm, that was web 1.0! When people were groping their way through the new world of the Internet, developing solutions and applications for each other. Almost like we're in crypto now. 

So, Digest? Let's go!

Russia’s Ministry of Economic Development recently introduced a proposal to explicitly legalize and tax Bitcoin mining in regions with an electricity surplus. It says Bitcoin mining, which exists in something of a legal grey area, should be recognized as a form of “commercial activity” and taxed once coins are converted into rubles.

As reported by local news agency Izvestia on Tuesday, the proposal is designed such that the country can benefit from mining while not overwhelming its electrical grid in vulnerable areas—a problem faced by other countries, including Iran and Kazakhstan. This will be accomplished by confining mining to reliable grids and setting electricity-use limits on individual miners, said the ministry. 

Who hasn't banned crypto in a long time? Is it India? The classic FUD was thrown on the fan by T. Rabi Shankar, Deputy Governor of the Reserve Bank of India, proposing a complete ban on cryptocurrencies.

So what was the worthy message to us?

- Crypto is a scumbag, worse than a Ponzi scheme;

- Crypto will destroy the currency system;

- RBI has been asking to ban crypto for a long time, and the anniversary is coming up;

Long story short: coffin, coffin, graveyard, bitcoin, but now with curry flavour.

Coinbase, the most significant US cryptocurrency exchange by trading volume, is set to expand by as many as 2,000 employees during 2022. According to the director of human resources, a particular comrade L.J. Brock, you have to forge Web3 without leaving the box office; the industry is in its infancy, so whoever gets there first gets the dough.

So if you're brave, handy, skilled and willing to prioritise clear communication, efficient execution, and continuous learning, then welcome to Coinbase,. 

Press: Who are the celebrities keeping BAYC? Gucci and McDonald's in the metaverse! Cool collections. Digest is an aesthete! 

Read the digest!

Burned tokens – Projects can burn tokens to take them out of circulation. By reducing their circulation, the price goes up. Deflation, the whole thing.

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)