Shortly from the Cryptoworld 25/03 | NEO developers have unlocked 1.66 million tokens, Brave and Binance cooperation, Russia
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NEO developers have unlocked 1.66 million tokens
NEO’s China blockchain platform is likely to experience higher volatility in the near future. The developer locked wallet has just released 1.66 million NEO tokens worth more than $ 11 million. Most of these coins are likely to end up on cryptocurrency exchanges and sell. NEO hodlers are not enthusiastic about this step. Whale Alert informed about the coin transfer.
? 1,660,865 #NEO (11,235,177 USD) transferred from Dev Account Locked to Dev Account Unlocked
— Whale Alert (@whale_alert) March 24, 2020
Tx: https://t.co/t4hXjzY7vm
Cooperation Brave and Binance
Brave has partnered with Binance to bring in-browser crypto trading to its 13 million users. The Binance Widget allows Brave users to make crypto trades without leaving the browser. Branden Eich, CEO of Brave Software explained the rationale behind this partnership in an interview with Cointelegraph:
“Our focus has always been on our users. This time, it’s about making crypto more usable by more people. We already have 1.6 million users who are crypto-savvy, they have signed up for the BAT Rewards Program; now they’ll be able to make crypto trades without leaving the browser”.
Russian Duma will vote on the regulation of BTC
Russia’s Ministry of Economic Development has proposed a bill on “regulatory sandboxes” that seeks the legalization of blockchain and cryptocurrencies, according to local media agency Izvestia. The bill on “regulatory sandboxes” was submitted last week to the State Duma (Russia’s parliament). The document discusses eight industries that can benefit from deregulation when introducing new digital technologies. The list includes healthcare, transport, distance education, trade, finance, construction, manufacturing, and public services.
When it comes to blockchain and cryptocurrencies, Russia’s Ministry of Economic Development proposes a number of exceptions to the current laws “on Bank and Banking Activities” and “On the Central Bank.” Also, the Ministry suggests that participants of the sandboxes be exempt from a range of requirements aimed at financial institutions. If the bill is approved, the sandbox participants may also count on easing currency regulation and supervision. They will have the right not to follow the current rules on foreign exchange transactions between residents and non-residents. Also, they might abide by the rules for the import and export of money. The draft bill says that the Bank of Russia would be monitoring the sandbox, though the central bank didn’t respond to requests for comments. More details.
Bitmain sold out new miners. Deliver them after May 11
The biggest producer of ASIC miners, Chinese giant Bitmain sold out all the miners of the new version Antimer S19 during the first round of home presale. Customers who have ordered the machine can expect it between May 11 and May 20, which is criticized as they suspect that Bitmain will in the meantime want to use the latest equipment for its own needs before the upcoming bitcoin halving in May. More details.
