Friday, June 4, 2021

Weekly news review

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#weeklynewsreview

πŸ™ŒπŸ»Wish all of you a great Friday and most interesting news!

πŸ‡·πŸ‡Ί Let’s start with the good news which brings back hope that the original idea of cryptocurrency as a means of payment can still be implemented.

Chairman of the State Duma Committee Pavel Krasheninnikov said that lawmakers intend to introduce cryptocurrencies in Article 128 of the Civil Code of the Russian Federation on objects of civil rights. This means that in the event of an inheritance distribution, divorce or bankruptcy, cryptocurrencies can be added to the rest of the property.

According to the Constitution of the Russian Federation, only the Russian ruble is considered a legal means of payment, but after amendments to the Civil Code of the Russian Federation, settlements in digital currencies can also be provided, if there are agreements.

πŸ•° Vitalik Buterin admitted that the creation of Ethereum took much longer than he expected — according to his first estimates, it should have taken about three months, and in the end stretched for eighteen months. Deploying the second version of the network will take even longer.

We thought it would take one year to prepare for the transition to Proof-of-Stake, but in fact it will take six years. If you are creating a complex project, be prepared for the fact that you will spend much more time on it than you planned”, Buterin said.

☝🏽By the way, the DecimalChain team more than agrees with Vitaly and, of course, is initially ready to spend as much time as necessary to create a high-quality product.

πŸ’”And finally, Elon Musk does not stop playing with public opinion and a new tweet from the director of Tesla led to a fall in the BTC rate by 5%.

In his tweet, Musk jokes and quotes from songs but the main trigger for the panic of emotional investors was probably just two harmless emoticons: a broken heart and a Bitcoin icon.

☀️Have a great weekend, happy emoticons and good news!


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