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August 2, 2022

bill gates crypto musk both warn

The regulator has proposed fining firms and individuals that violate the ban.

  • Does the ban include owning crypto assets? If you’re an individual investor, then the answer is no. You can still own crypto, but only as an asset. You won’t be able to use it in Russia, but you will be free to use it abroad. However, it has been proposed that operations with cryptocurrencies in foreign jurisdictions by Russian citizens should be monitored.
  • Who can’t own crypto assets? The regulator has proposed banning all financial enterprises from owning investments in cryptocurrencies or using related financial instruments.


    • The use of Russian financial intermediaries and financial market infrastructure to carry out any operations with cryptocurrencies will also be illegal.

  • Why does Russia want to ban crypto? The Central Bank has been vocal about the threats posed by cryptocurrencies due to transaction anonymity. The regulator has warned crypto is becoming increasingly popular for illegal activities, including fraud, money laundering, and terrorist financing.
    Moreover, a widespread use of cryptocurrencies could undermine the stability of the ruble, leading to an outflow of capital from the country, the regulator says.

    • The 23-year-old TikTok influencer turned founder is a staunch believer in the power of marketing on social media. In this episode, she walks Darrell and Jordan through how the different social channels can be helpful to founders in different industries and why she thinks every company will have to be its own influencer.

    Take our listener survey and let us know a bit about yourself and what you think of Found.

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    Contents:

    TechCrunch Live

    According to Mike Ghaffary, GP at Canvas Ventures, NuBrakes founder Walker Drewett is building a high-growth business powered by a marketplace model, which is why Ghaffary led the company’s Series A.
    The product is simple: On-demand vehicle brake repair services.

    Bill gates crypto musk both warna

    Others, however, say that Russia has a right to defend its national currency.

  • Could crypto ban be implemented? The Central Bank now wants to discuss with the market whether its participants support the proposed crypto ban. But experts have already warned that even if the ban is officially introduced, authorities will have a hard time enforcing it.
    For instance, the regulator has practically no tools to detect transactions with cryptocurrencies. Experts warn that authorities would have to completely stop all transfers between individuals to limit p2p transactions and payments to crypto exchanges across Russia.

    • Bill gates crypto musk both warne

    Hear how Drewett raised capital and built NuBrakes on the learnings from his previous startup, NuWash (it’s on-demand car washes, of course). TechCrunch transportation editor Kirsten Korosec hosts.

    TechCrunch Live records weekly on Wednesdays at 12:00 p.m.

    PDT.

    Equity

    Alex and Grace are back to cover the biggest, boldest and baddest technology news. This is our Monday show, coming to you this week on a Tuesday was a holiday for many American workers, in honor of Juneteenth.
    So, we’re doing our weekly kickoff one day later than usual. Here’s what we got into:

    • Stocks are higher globally, while the crypto market is somewhat quiet after a tumultuous few weeks.
    • We’re coming up on the end of Q2 2022, which means that we’re at once heading into earnings season (woo!) and another venture capital data set to parse.

    Bill gates crypto musk both warname

    Elon MuskandBill Gatesare also among the victims of theCrypto Twitter Hack, the hacker attack that targeted the profiles of crypto personalities and exchanges.

    Unlike the type of attack that hit the exchanges and crypto personalities, in which a partnership and a Bitcoin giveaway was announced, the tweet of Elon Musk and Bill Gates announces that thetwo tycoons are ready to give $2,000 to those who send 1,000. Obviously, these are scams. Neither Elon Musk nor Bill Gates are engaging in such generous acts.

    Specifically, Elon Musk writes that he feels grateful and is ready to double the payments that will arrive at his Bitcoin address.

    Community at NFT startup Zora, which recently raised a big round of funding. We talked with her about how the downturn will impact crypto creators and what web3 really has to offer artists.

    Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters

    Helpful links:

    • https://techcrunch.com/2022/06/16/dogecoin-investor-sues-elon-musk-tesla-and-spacex-for-258-billion/
    • https://techcrunch.com/2022/06/20/afropolitan-raises-2-1m-to-build-a-digital-nation-backed-by-balaji-srinivasan/
    • https://techcrunch.com/2022/06/21/magic-eden-raises-130m-hitting-unicorn-status-at-1-6b-valuation/
    • https://twitter.com/regiscake/status/1539338847829782528?s=20&t=gxtu5vdu6FyYcGw-LpT_bg

    Found

    Anja Health CEO and founder, Kathryn Cross, knows all too well that banking cord blood stem cells can be life-saving.

    TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. Embedded below are the latest from the TechCrunch Podcast from Darrell who talks to TC writers about their own stories of the week; Chain Reaction, our crypto-focused podcast hosted by Lucas and Anita; Found, a long-form bit of work that goes deep on the real saga of company formation from Jordan and Darrell; and Equity, our long-running, Webby-award-winning podcast focused on venture capital and the latest startup news, hosted by Natasha, Mary Ann and Alex.
    An action on such a scale would not be approved, even for the Bank of Russia.

  • Can Russia stop crypto-mining? This situation is also complicated, as most miners in Russia do not use the power of commercial data centers, but instead organize their own sites. “Theoretically, such sites can be identified, but the question is how much it will cost, how expedient it will be. It is impossible to distinguish a mining farm from, for example, a greenhouse remotely – they both consume electricity evenly and around the clock; that is, you will need to gain personal access to every facility,” Dmitry Bederdinov, Data Centers and Cloud Technologies Council CEO, told RBC.

    • Our dear Mary Ann was off this week, but will be back in short order.

    What did we get into? A bevy of blistering bromides, naturally:

    • Accel has a new $4 billion fund, focused on the late stage, which is at once a pile of duckets and fascinating timing for such a large capital vehicle.
    • FalconX doubled its valuation in a new round, which was also a huge pile of money at an odd moment in time.
    • Oh, and Suze Orman was also on the show today, in spirit and story.
    • From there we noodled on the big changes at Brex, the latest in executive turnover and why the metaverse actually had some good news this week?

    All in all it was a good time and we are back Monday!

    Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m.

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