The latest crypto headlines and our thoughts on their industry impact! Welcome to the AsicPremium crypto news digest. Let's see what happened these last few days.
The popularity of Ethereum Classic is rapidly growing
This week, many online media announced the rapid growth of Ethereum Classic’s hashrate. This is most likely related to expected Ethereum's merge. Miners are actively switching to ETC mining.
El Salvador celebrated Bitcoin adoption birthday
On September 7, 2021, El Salvador became the first country to use Bitcoin as legal tender. Bitcoin (BTC) is the most popular cryptocurrency, the current price according NiceX exchange is more than 19'100 USD per 1 BTC.
It is worth saying that the President of El Salvador Nayib Bukele actively supports the first cryptocurrency and has already received a lot of congratulations in his Twitter.
The AsicPremium team joins the congratulations of El Salvador citizens and the president on this significant event!
Europol called cryptocurrencies a key to tackling organised crime
The official Europol's release says that the unique characteristics of blockchain-based technologies offer an unprecedented opportunity to investigate organised crime and money laundering networks and to recover stolen funds.
The release was published following the results of the 6th Global Conference on Criminal Finances and Cryptocurrencies, which took place on 1–2 September 2022 at Europol’s headquarters in The Hague, the Netherlands.
Crypto ecosystem needs a global regulatory framework: opinion
An overview article on the regulation of cryptocurrencies was published on IMF official website. The review is authored by Aditya Narain - IMF’s Monetary and Capital Markets Department deputy director, and his assistant Marina Moretti.
The authors note that 'it’s only in the past few years that crypto assets have moved from being niche products in search of a purpose to having a more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments'. We would also like to add that in recent years cryptocurrencies also caused a mining boom, the number of people who mine with AsicPremium has increased significantly.
The publication on IMF website describes challenges of cryptocurrencies regulation at the moment. The conclusions are about the need to create a global regulatory framework.