Furthermore, the study also revealed that more than half—55%—bought crypto as part of a long-term investment strategy, 38% because of their distrust of the current financial system, and 27% because of fear of missing out, or FOMO.
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The new Bitcoin Standard Hashrate Tokens seek to bring mining to DeFi (Photo: Bitcoin Standard Group)Five major Bitcoin miners tokenize their hashrate on BTCST
The group will tokenize a total of 25 petahash/second of hashpower into Bitcoin Standard Hashrate Tokens, each representing 0.1 terahash per second
The goal, Binance said at BTCST’s launch, is to “create an efficient market for Bitcoin’s mining power in ways similar to how Grayscale Bitcoin Trust creates institutional liquidity for Bitcoin.”
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Russian court overturns Binance ban
The ruling nullifies the September blacklisting of the cryptocurrency exchange by Russian telecom regulator Roskomnadzor
Roskomnadzor banned Binance’s domain in late September for distributing prohibited information—specifically, instructions about acquiring digital currencies such as Bitcoin (BTC). This may be surprising to some, but Russians are still very much wary of cryptocurrencies. According to a report released at the time, only one in 10 locals would consider investing in digital assets.
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Binance sues Forbes, journalists over allegations of deceiving U.S. regulators
The largest cryptocurrency exchange took issue with an article saying Binance.US was set up to enable it to avoid American anti-money-laundering laws
The story in question, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators,” claimed that Binance set up American crypto exchange Binance.US as a way to “intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.”
