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NFTs soon on Instagram. EU will not ban bitcoin mining

mar 27, 2022 | min read

Goldman Sachs plans to offer Ethereum to clients through a crypto fund

Goldman Sachs Group, Inc. (GS) plans to offer its larger clients access to the cryptocurrency Ether, which powers the Ethereum network. According to a Securities and Exchange Commission report, clients will be able to invest in Ethereum through a fund issued by Galaxy Digital Holdings.

Galaxy Digital Holdings, an investment company with digital assets and blockchain, currently provides liquidity for bitcoin futures trades from Goldman Sachs. In May, Goldman Sachs relaunched the cryptocurrency business within its Global Currencies and Emerging Markets division after a three-year pause. Mathew McDermott, head of digital assets at Goldman Sachs, announced plans to offer Ethereum futures and options trading in June 2021 amid growing interest from more prominent investors.

Mark Zuckerberg has confirmed the NFT will come to Instagram

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Love them or hate them, NFT will come to Instagram soon. Mark Zuckerberg confirmed that digital collectables would arrive on Instagram "soon" in an interview with SXSW.

"We are working to bring the NFT to Instagram in the near future," he said. He did not specify what form it would take. People could show off their existing NFTs and potentially mint new ones.

"I'm not ready to say today what exactly it will be. But over the next few months, you could have the ability to show some of your NFTs; hopefully, over time, you'll be able to mint things in this environment."

EU lawmakers did not support the ban of bitcoin mining in a vote.

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EU lawmakers have agreed to omit references dealing with a potential cryptocurrency mining ban (based on the Proof-of-Work mechanism) from the proposed package regulating cryptocurrencies.

The European Parliament's Committee on Economic and Monetary Affairs (ECON) spent the day struggling with the proposed Regulation on Cryptographic Asset Markets (MiCA) - a characteristic piece of legislation designed to coordinate the European Union's approach to cryptography.

Today, ECON rejected versions of the legislative package containing "de facto" ban on cryptocurrencies mining that use cryptocurrencies such as Bitcoin and Ethereum.

Martin Kuchár

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