digital

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Russia has no intention of recognizing cryptocurrency as a payment method within its jurisdiction, despite indications that digital currencies have been used to circumvent sanctions in cross-border transactions. Anatoly Aksakov, chairman of the Financial Market Committee in the State Duma, emphasized that cryptocurrency will never be considered as money in Russia. "If something needs to be paid for, it can only be paid in rubles," Aksakov said, reflecting the views of Russian regulators, particularly the conservative Central Bank of Russia (CBR).

Aksakov noted that cryptocurrency can only be used as an investment instrument in Russia. This stance underscores the country's cautious approach to digital currencies, prioritizing the use of the ruble for domestic transactions. The clear distinction between investment and payment uses of cryptocurrency highlights Russia's regulatory framework, which seeks to balance innovation with financial control and stability.
#USNonFarmPayrollReport | #Digital | #BinanceAlphaAlert | #CryptoRally | #BTC走势分析

#marshallislands Finance Ministry executed universal basic income (UBI) payments using blockchain-based sovereign bonds. This marks the first government deployment of this payment method globally. The Pacific island nation distributed funds through USDM1 #Digital bonds operating on Stellar’s network infrastructure.

The ministry developed the system alongside Stellar Development Foundation and Crossmint to modernize Economic Net Resource Allocation (ENRA), the country’s existing universal income initiative. Physical currency distribution, occurring four times annually, has been removed in favor of instant digital wallet transfers reaching citizens across remote island locations.

Treasury Bills Collateralize Digital Payment System
USDM1 functions as dollar-denominated government debt instruments with full Treasury bill collateralization. Crossmint built the Lomalo wallet application specifically for receiving these blockchain-based payments. Citizens access funds immediately through wallet accounts hosted on Stellar’s payment rails.

Finance Ministry officials explained that USDM1 bonds follow Brady-bond legal frameworks established under #Newyork commercial law. This structure has governed international sovereign debt markets for multiple decades. The approach relies on binding legal agreements rather than administrative policy decisions.

An independent trustee maintains custody of Treasury collateral separately from government or corporate control. Bond redemption terms
Representatives Emphasize Monetary Sovereignty
Ministry representatives emphasized that monetary sovereignty remains unchanged because ENRA operates as a fiscal distribution infrastructure rather than a currency replacement. Each payment unit corresponds directly to Treasury securities maintained by third-party trustees with complete backing throughout the system.

Geographic dispersion created the primary challenge motivating this #technological approach. Island communities separated by ocean distance made traditional cash distribution logistically complex. Ministry officials stated the blockchain payment system was engineered specifically for the Marshall Islands’ operational requirements.

The multiyear development process addressed infrastructure limitations inherent to the nation’s scattered island geography. The distance between population centers and the restricted physical presence of banking shaped daily financial realities, influencing system design. The #blockchain approach solved practical service delivery obstacles and also preserved established legal frameworks governing sovereign debt instruments.

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Key Points. NYSE Arca proposes Rule 8.800-E on the listing of digital assets and investment products.

The new rule aims to expand investment opportunities and meet demand for a variety of assets.
NYSE Arca proposes Rule 8.800-E for the listing of commodity and digital asset-based securities. The rule is intended to expand investment opportunities, meet investor demand, and provide a regulated trading environment for these innovative products.
On October 29, 2024, NYSE Arca proposed that the SEC adopt a new rule (Rule 8.800-E) that would permit the listing and trading of innovative investment products based on commodity and #digital assets.
In connection with this rule, NYSE Arca is also proposing to list and trade shares of the #Grayscale Digital Large Cap Fund pursuant to this new rule.
the primary purpose of Rule 8.800-E is to expand the investment opportunities available on NYSE Arca by creating a framework for listing securities based on both physical commodities and digital assets.
the proposal would allow exchanges to consider trading investment income interests based on commodities and/or digital assets that meet the criteria of this rule pursuant to listed or unlisted trading privileges.
Such investment interests are defined as securities issued by a trust, limited liability company or similar organization that owns certain commodities, digital assets, derivative securities or cash.
The rules address investor demand for a variety of products that combine the growth potential of digital assets, such as #cryptocurrencies , with traditional commodity investments. By expanding the range of listed securities, NYSE Arca will facilitate new forms of exchange-traded products (ETPs) that provide access to these innovative asset classes in a safe and regulated environment.
Rule 8.800-E opens the door to a regulated space where investors can trade in commodity-backed securities and digital assets.

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#CompassInvestments #CryptoTrends

Trump Organization has issued the TRUMP trademark for a virtual world with a digital asset marketplace -

Gators Quick take: The application specifies a range of digital products and services in which users can participate in a variety of activities.
In this virtual world, users will be able to purchase TRUMP-branded clothing, shoes and hats to wear in the virtual space. The meta version of the platform is also expected to expand into education and professional development by offering TRUMP-branded training services.
DTTM Operations LLC, which manages all trademarks for the TRUMP organization, has filed a complaint with the United States Patent and Trademark Office (USPTO) alleging that the trademark TRUMP
Josh Gerben, Esq. reports that the application was filed on February 24 under intent to use and indicates the brand's planned future commercial activities.
Among the list of services and products described in the application is a TRUMP-branded virtual world where users can participate in various activities
In this virtual world, users can purchase TRUMP-branded clothing, shoes and hats and wear them in a virtual space . The statement added that the meta-version of the platform will be extended to the fields of education and professional development, with TRUMP-branded trainings in public services, business, #civic education, fundraising, real estate, construction and hospitality management as the main areas.
In the virtual world, there will also be a trading platform where users can exchange digital goods and cryptocurrencies. However, goods offered on the marketplace must be authorized by the 45th and 47th Presidents of the United States and will be authenticated with a unique token ('NFT-'), the statement said.
this is the first time Trump's name has been associated with #digital assets or 'NFT-'.
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Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For #Digital Assets
Here’s a summary of the situation:

What Happened🤔?
Trish Turner, the head of the IRS #DigitalAssets (crypto) unit, has resigned and is heading to the private sector.
Her departure coincides with the IRS preparing for a significant increase in crypto-related tax filings, including new tax reporting rules.
She will become tax director at CryptoTaxGirl and will also work with a UK firm, Asset Reality.
Other senior crypto officials (e.g., Seth Wilks, Raj Mukherjee) already departed earlier in the year, reflecting broader staffing challenges amid budget cuts.
Meanwhile the IRS workforce has shrunk considerably, putting pressure on capacity to handle the incoming wave of crypto filings.
Why It Matters🤔?
1. Leadership Vacuum at a Critical Time
With Turner's exit, it's unclear who will lead the IRS digital assets unit moving forward, especially during preparation for new policy implementations.
2. New Tax Reporting — Form 1099-DA
The IRS is rolling out a new Form 1099-DA, intended to be issued by crypto brokers to investors, further increasing the tax compliance workload. Millions of new disclosures may result.
3. Agency Capacity Challenges
Given the reduced staffing and budget cuts, the potential surge in filings, and the departure of multiple officials, the IRS may face operational bottlenecks in effectively implementing and enforcing the new crypto tax rules.
4. Movement to the Private Sector & Industry Dynamics
Turner’s move reflects a trend of regulators transitioning into private compliance and advisory roles, as the regulatory environment around digital assets grows more complex.
This could increase the influence of private firms in shaping how taxpayers navigate the new rules.
Implications Going Forward
👉For Crypto Investors and Brokers:
Expect increasing pressure and documentation around tax compliance, as new form requirements come into effect. The enforcement environment may intensify.
👉For the IRS:
Stability in leadership and resourcing will be critical to efficiently manage the transition, implement new reporting systems, and process the influx of filings.
👉For Policymakers and Industry Stakeholders:
This transition highlights the importance of clear guidance, adequate resourcing, and leadership continuity in navigating digital asset tax regulation.
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Donald Trump has doubled his support for cryptocurrencies.

The former president's stance on #cryptocurrencies has changed 180 degrees.
While Trump endorses cryptocurrencies, Biden is in danger because of his anti-cryptocurrency stance.
Former President Donald Trump is diving headfirst into the #cryptocurrency wave, especially now that it means outflanking his main rival, President Joe Biden. The leading Republican candidate has been on the rise lately, and even while accepting campaign donations in various cryptocurrencies, including meme coins like Doge and SHIB, he has embraced the crypto industry with open arms.
In a new post on his social media platform, Trump reiterated his love for cryptocurrencies and said he fully supports #digital assets in the race for the White House.
'I am very positive and open-minded about cryptocurrency companies and everything related to this new and rapidly growing industry,' Donald Trump wrote in his signature style typed in large letters. The former president emphasized that the United States should be the leader, "there is no such thing as second place.
Trump didn't miss the opportunity to throw shade at Biden, saying his rivals hope to bring the crypto industry "a slow and painful death. ""
The former president's new social media post completely reverses the 180-degree stance he took a few years ago when he was skeptical of cryptocurrencies compared to the U. S. dollar.
A man in neat clothes examines documents while sheets of paper fly around him.
Can #Ripple win against the SEC thanks to a new bill?
Two elderly people in wheelchairs, facing each other, show their middle fingers in an old abandoned building.
A robot hand holds a TON token and sends a message via telegram.
"The currency of this world should be the dollar. And I don't think we should have all the bitcoins in the world.

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#CryptoUpdates

Share:Procryptocurrency super fund Fairshake has raised $116 million to influence the 2026 U.S. midterm elections; several major backers including a16z, Coinbase and Ripple have increased their support.

pro-cryptocurrency super fund Fairshake, has raised $116 million to influence the 2026 U. S. midterm elections in the U. S. ; several major backers including a16z, #Coinbase and #Ripple have increased their contributions, strengthening Fairshake's financial strength.
Which Senate race will be the group's most important target? It's still unclear, but the political landscape is changing. After the defeat of Kamala Harris in favor of cryptocurrencies, anti-industry sentiment in Congress has greatly diminished, but opposition still remains.
Fairshake, known for its massive campaign spending, is preparing for the upcoming midterm elections. According to CNBC, the PAC is gearing up for the November presidential election. It began accumulating funds shortly after Donald Trump's victory; A16z immediately donated $25 million, bringing the total to $103 million.
Fairshake is expected to invest heavily because election campaigns can cost a lot of money. During the 2024 election cycle, the PAC spent about $180 million to influence the election. The midterm elections are expected to be just as competitive, so the military buildup is crucial.
In addition to supporting Trump, FairShake also plays a role in supporting candidates not on the ballot, such as Bernie Moreno. In a statement, the organization reiterated that it supports candidates who promote innovation, economic growth and balanced regulation.
Previous donors, including Coinbase, have doubled their funding, and companies like Ripple and Uniswap have provided new funds. But which of the candidates will Fairshake compete with?
The crypto industry is currently in a strong position in US elections. In the last election, Kamala Harris was hesitant to accept #digital assets, but ended up positioning herself as a pro-cryptocurrency candidate.

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#CryptoUpdates #news

Bitcoinmaxists REALLY have a hard time accepting the phrase digital assets, writes Travis Kling, chief investment officer at Ikigai Asset Management, on X website.

President Trump's Jan. 23 executive order directs the task force to study and propose a stockpile of #cryptocurrencies that may be derived from cryptocurrencies that the federal government directs the task force to study and propose a stockpile of cryptocurrencies that may be derived from cryptocurrencies lawfully seized as part of the Department of Justice's law enforcement operations.
During his campaign at a #Bitcoin conference in Nashville in July, Trump seized more than $20 billion or more in BTC from the DOJ and promised to create a strategic national bitcoin reserve.
Dennis Porter, CEO of bitcoin-focused Satoshi Action Fund, said the working group used the term #digital assets because it is technologically neutral and to
Technologically neutral terms like 'digital assets' are a proven and effective way to achieve the ultimate goal of making the U. S. the world's largest holder of bitcoin, he added. However, Pierre Rochard, vice president of research at bitcoin mining company Riot Platforms, said there was no ambiguity in the wording of the regulation.
He also said that Ripple Labs was the biggest obstacle to the adoption of the bitcoin-only provision and accused the company of actively lobbying against the regulation so it could claim CBDCs created on their platform.
Ripple CEO Brad Garlinghouse responded by saying the company's efforts were "not aligned with (bitcoin He said he believes the company's efforts "actually increase the potential of the #cryptocurrency strategic reserve (including bitcoin).
and millions of dollars in various altcoins.
the largest holding is 198,100 BTC, worth $20.4 billion and accounting for nearly 98% of cryptocurrency holdings.
Trump.
FOX Business reporter Eleanor Terrett told Sachs that: ' Asked about the cryptocurrency apa, Sachs said: "We are going to evaluate it.

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#news

Highlights. Vice President Kamala Harris promises to spur innovation in artificial intelligence and digital assets while protecting consumers.

Vice President Harris raised $27 million at a fundraiser in New York, and the Democrat raised $361 million in August, beating Trump by $130 million.
Vice President Kamala Harris, who will face Donald Trump in this November's election, expressed her support for new technologies such as artificial intelligence and #cryptocurrencies at a Sept. 22 campaign fundraiser.
This is the first time Harris has spoken publicly about cryptocurrencies, which will be one of the emerging industries in the 2024 presidential election.
Speaking at an event at Cipriani Wall Street in Manhattan, Vice President Kamala Harris said her administration will foster innovation while protecting the interests of investors and consumers.
We will encourage innovative technologies such as artificial intelligence and #digital assets while protecting the interests of consumers and investors, she said.
For an industry that has grown rapidly over the past few years, cryptocurrencies pose a significant challenge for 2024. In particular, key executives and investors sharply condemned Gov. Biden's approach to regulation.
Many #cryptocurrency supporters took Harris' remarks as an attempt to prove that her position is different from President #Joe Biden's. Judging from the remarks, Harris seems to recognize some value in the industry, but is eager to introduce consumer protections after a series of high-profile cryptocurrency crashes. Meanwhile, his Republican rival Harris has already taken a friendly stance on cryptocurrencies, with Trump criticizing existing regulation and promising to oust SEC Chairman Gary Gensler if he gets into the White House. He made headlines last week after paying with bitcoins for a burger at a cryptobar in New York City.
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#MarketInsights

Many industry insiders believe that the recent rally may just be the beginning of a massive upswing in Cardano tokens. Veteran trader Peter Brandt believes that the altcoin season is upon us and ADA is in for a huge bull market.

User X Ssebi also addressed this issue, saying that the token price touched the 20-day moving average (MA) and bounced back.
I think we will see #ADA explode in the next few days, the liquidity from TRUMP has to go somewhere, they opined.
Other market observers who have recently made price predictions include Dan Gambardello and Altcoin Daily. The former believes that ADA has "one of the most bullish weekly patterns in cryptocurrencies" and predicts that the price could explode to $7. Altcoin Daily predicts that the valuation could reach $6.45 by 2025.
Trump's inauguration as president is considered good news for the entire crypto community due to his positive attitude towards the industry that has been evident in the past few months. ADA #Cardano is one of the #digital assets that could grow significantly after Trump's return to the White House, as Hoskinson announced last November.
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#TrendingTopic #TokenEconomy

#DigitalProphet
Digital products

Digital products are intangible items consumed or accessed digitally, such
as ebooks, music, software, online courses, video games, apps, and
movies.
 These products can be created once and sold repeatedly online, offering
high profit margins and low overhead costs.
Entrepreneurs can build
profitable businesses by selling digital products like ebooks, online courses,
and templates, which can generate passive income since they can be sold
repeatedly without the need for inventory.

Selling digital products offers several advantages:

Low overhead costs: You don’t need to hold inventory or pay for shipping.

High profit margins: Digital products have few recurring costs, so you retain
more sales revenue.

Potential to automate: Orders can be delivered instantly with no oversight.

Flexible products: You can offer free products to build your email list, paid
subscriptions for access to exclusive content, or licenses to use your digital
products.

Popular types of digital products include:

Online courses: Ideal for presenting in-depth content in a monetized digital
format.
*Ebooks:
Can be accessed via ereaders, computers, or mobile devices.

*Print-at-home possibilities:
Such as personalized wall art, planners, and greeting cards.

*Digital tools:
Equipping professionals to do tasks more quickly or competently.

*Licensed content:
Such as stock photos, video footage, music, and sound effects.

To start selling digital products, you can create your own storefront or use
platforms like SendOwl, which supports digital product businesses
and can auto-generate unique license keys.
Additionally, you can sell through online marketplaces, but be aware
that some may take up to 50% commission for every sale.

Marketing your digital products effectively is crucial.
You can promote them on social media, set up social storefronts, and
create profiles on digital product marketplaces within your niche.
 Providing great customer service, responding to questions, and offering
support and refunds when necessary can also enhance customer satisfaction.

Creating a digital product once and selling it repeatedly can lead to
continuous income and passive income, making it a lucrative option
for those looking to start an online business.
#Write2Earn
#TopVoices
#Digital
#earn

XRP investors have made more than $500 million in the past 48 hours.

Short-term holders are responsible for much of the selling after the CME announced #XRP futures.
XRP could fall nearly 20% to $2.62 as bulls show signs of exhaustion. Potential. Ripple's
XRP fell 3% in early trading on Friday as blockchain and technical indicators show bulls are losing momentum
XRP fell 3% in early trading on Friday as U. S. President Donald Trump signed the Presidential Task Force on #Digital Assets. Despite the positive developments surrounding the signing of the executive order creating the Presidential Task Force on Digital Assets, the cryptocurrency showed no signs of recovery.
According to Eleanor Terrett of Fox Business, the Chicago Mercantile Exchange (CME) has not decided to launch a futures contract on XRP. This disappointment could be the reason for the market weakness.
the news caused a wave of negative sentiment in the XRP community, which was waiting for the launch to confirm the possible approval of the Securities and Exchange Commission (SEC) XRP ETF.
as a result, the #token has continued to strengthen, and in the last 48 hours investors have made a profit of $ 500 million.
Realized gains were driven by potential selling activity from short-term holders, as evidenced by small jumps in turnover over 90, 180 and 365 days of hibernation.
additionally, XRP's open interest (OI) growth has stalled over the past few days, reaching up to 2.14 billion XRP from an all-time high of 2.34 billion XRP. Open interest is the total number of open contracts in the derivatives market; a decline in OI indicates that traders are closing positions.
Despite the decline in OI, XRP bulls still dominate the spot market after net outflows increased on #Binance and Kraken last week. dominate the spot market. dominate the spot market. However, Coinbase and Bitstamp saw inflows.

According to Coinglass, $ 10.

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In a note to clients released today, Bernstein analysts led by Gautam Chhugani are confident that bitcoin will eventually replace gold as a reliable security asset, the note said.

We expect #bitcoin to become a major asset of a new era over the next 10 years, replacing gold, becoming an integral part of institutional multi-asset holdings and the standard for corporate financial governance.
Bitcoin is up 141% since the beginning of the year. But much of that growth was due to the victory of pro-cryptocurrency Republican candidate Donald Trump in the 11th U. S. presidential election.
After Trump's victory, the #cryptocurrency market saw a surge of optimism as the president-elect is expected to create a favorable regulatory environment for #digital assets. Since 11/4, the total cryptocurrency market has grown from a staggering 2.4 trillion to a staggering 3.9 trillion at the time of writing, representing a staggering 62.5% growth.
In his post, Bernstein predicts that #Btc could rise in value to 200,000 baht by the end of 2025. The trading firm's predictions are in line with those of Charles Edwards, founder of Capriole Investments, and BTC could double in value within weeks as its relatively low market value allows for faster price movements.
Bernstein's optimistic forecast cited mainstream adoption of bitcoin as a key factor in its success. A. It was complemented by Gil Luria, an analyst at Davidson. However, he warned that bitcoin still has a long way to go before it becomes widely accepted as a medium of exchange and unit of account. This is the first time I've ever seen a video with a girl in it. :
Bitcoin is currently being used as a savings vehicle, a low correlation asset that replaces gold as a hedge against declining economic stability.
While bitcoin is not yet widely recognized as a currency, it has gained popularity as a reliable asset class on companies' balance sheets. Recently, Hut8, a leading cryptocurrency mining company, announced plans to create a strategic reserve for btcoin.
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#CryptoMarketTrends

Germany's central bank joins global financial tokenization initiative

Germany's central bank, Deutsche Bundesbank, has joined Singapore's Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) to modernize financial markets through asset #tokenization .
Launched in 2022, Project Guardian will work with financial institutions and global regulators to set industry standards and promote the adoption of tokenized assets in capital markets, ultimately leading to greater global financial connectivity.
the participation of the Bundesbank, one of Europe's leading central banks, signals progress in integrating #digital assets into the mainstream financial system. The bank is actively participating in the pilot project Project Guardian, which aims to create a #blockchain platform for the efficient management of cross-border assets.
Burkhard Balz, a member of the Bundesbank's Executive Board, emphasized that the project is in line with European research on distributed ledger technology (DLT) and the application of blockchain in finance.
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