The Authority for Crypto Oversight in Uzbekistan Has Regulated the Issuance and Use of Digital Assets in the Country, Aiming to Establish a Mechanism That Will Allow Companies to Raise Capital Through Coins and Tokens . This depository will be responsible for the issuance, registration, operation and storage of crypto assets.
Bitcoin is a Commodity According to US Senator – ‘There’s No Controversy About That’
According to US Senator John Boozman, although bitcoin is a cryptocurrency, it is a commodity in the eyes of fellow courts and the chairman of the Securities Regulation Commission, in which exchange traded bitcoins, among others, should be regulated and regulated by the Commodity Futures Trading Commission (CFTC). ) The crypto spot market needs the right regulator.
US regulator CFTC met 10 times with Sam Bankman-Fried before crypto exchange FTX
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that FTX attended 10 executives’ meetings with the CEO prior to the bankruptcy filing, while making light of the entire affair, saying that all of this talk and consultation was secret. regarding the FTX collapse and its related regulatory and proposals. According to the chairman, his team and the former CEO of FTX have met at the CFTC’s office 10 times over the past 14 months at his request for the purpose of clearing house applications. According to him this was due to lack of liquidity.
Bitcoin’s Total Hash Rate Lowered in December Due to Profits by BTC Miners
Bitcoin prices have been below the anticipated cost of production with the hash rate seen at a significantly lower level in mid-November and the total hashrate dedicated to the bitcoin network currently stands at 236 exahash after falling below the 200 EH/s range six days ago. Seconds (EH/s). The total hash rate of BTC reached its all-time high on November 12, 2022 up to a whopping 347.16 EH/s and since then, the hash rate has been below the 200 EH/s range on November 26. has dropped and has managed to rise above the 200 EH/s area, up to the current 236 EH/s recorded on bitcoin miners. But all of this data suggests that the difficulty level for bitcoin miners has increased and that the difficulty in the network may be even greater at present.
US lawmakers say any digital dollar must be open, permissionless and private
Led by the Federal Reserve Bank of Boston, nine lawmakers have raised concerns about the US central bank’s currency plan, saying any US CBDC should be open-source and private. Where they say that if this ecosystem is maintained transparently and not for personal reasons, then the principles of privacy, sovereignty and core markets can be read into success.
