Bitcoin's $70k Encore & Russia's Crypto Catch-Up!
Hold onto your hats, crypto fans! Remember that rollercoaster ride Bitcoin took us on last week? Well, it's not just back in the station; it's practically doing victory laps above $70,000 again! After a little wobble that made some folks nervous, the OG digital gold decided, 'Nope, not today!' and rocketed right past the big seven-zero. We're talking serious investor love here, especially from those shiny new Bitcoin ETFs. They're basically hoovering up BTC like it's going out of style, and guess what? The 'halving' event is just around the corner, which traditionally gives prices a nice little nudge.
Meanwhile, over in Russia, things are getting spicy in the crypto kitchen, but with a very different flavor. Imagine this: Russia wants to pass a law that lets them snatch crypto if someone uses it for bad stuff. Think of it like seizing ill-gotten gains, but digital. Sounds fair enough, right? It's their way of saying, 'Hey, crime doesn't pay, not even in Bitcoin!'
But wait, there's more! While they're eyeing crypto for crime, the finance bigwigs are also thinking, 'Hmm, maybe we could use this crypto for good... like international trade!' They're exploring using it to settle payments with other countries, which is a pretty fascinating flip-flop. It's a real tug-of-war there. One minute they're talking about regulating all the crypto miners (you know, the folks who keep the network running), the next they're musing about creating their own national crypto exchange. The Central Bank, though, is still a bit wary of private cryptos, preferring their very own 'digital ruble'.
So, on one side, we have Bitcoin showing off its resilience and attracting serious mainstream attention. On the other, we have a major nation trying to figure out if crypto is a villain, a savior for international trade, or just a new kind of money they need to control. One thing's for sure: the crypto world never has a dull moment!
Original article: https://forklog.com/en/the-week-bitcoin-back-to-70000-and-russia-moves-to-seize-crypto/