GALA token update, UAE Coinbase’s new headquarters, Russia | Weekly Updates

Major businesses like Tesla and PayPal are already accepting Bitcoin as payment, demonstrating how widely cryptocurrencies are being used.

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Regulator ambiguity and the effects of cryptocurrency mining on the environment continue to cause worry.

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Digital art and collectibles are selling for millions of dollars thanks to NFTs (non-fungible tokens), which are also growing in popularity.

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As many NFTs are based on the Ethereum network, which at the moment needs a lot of energy for mining, there are worries about the environmental effect of NFTs as well.

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Overall, the cryptocurrency market is still unstable yet it still draws widespread attention and adoption.

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Russia issued one billion ruble worth of digital assets in one month

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UAE is one prospective location for Coinbase’s global headquarters

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National Blockchain Policy has been adopted in Nigeria

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Coinbase requests that the SEC alter its RIA custody rule

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Binance intends to move to the UK

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GALA V2 receives support from Binance while being rejected by Coinbase

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