Huobi delists XMR and DASH, a Canadian Bitcoiner will challenge Trudeau in 2025, and More News

Sep 25, 2022 • 2 min read

Bitcoin news

The Conservative Party, Canada's largest opposition group, has chosen a "populist" bitcoin (BTC) supporter as its leader. According to the Globe and Mail, Ontario MP Pierre Poilievre defeated former Quebec leader Jean Charest by a "landslide," with the latter receiving 68% of the vote. In the next 2025 federal election, Poilievre will now try to lead the Conservatives to victory over Prime Minister Justin Trudeau's Liberal Party. Poilievre has previously demanded that Canadians "have the right to utilize other kinds of money, such as bitcoin," claiming that the fiat Canadian dollar has been "ruined" by the government.
The El Salvador Supreme Court has announced that it will give instructions on how to finance elections using bitcoin, which was made legal tender in the country just over a year ago. The Supreme Court stated that it was "conscious of the concerns of money laundering" associated with the "usage of cryptocurrencies," according to El Diario de Hoy. The court has made it clear that it is not willing to cap cryptocurrency donations, nevertheless. Instead, the court declared that it will concentrate on issues relating to transparency. In 2022, there will be a general election in the country.

South Korea and the USA will "cooperate" in efforts to thwart North Korean attempts to hack cryptocurrency and will work to obstruct Pyongyang's attempts to use cryptocurrency to launder money. According to YTN, Washington and Seoul concur that Pyongyang's illegal "cyber activities" "finance" "up to a third" of the money needed to fund North Korea's missile development projects. The National Security Strategy Institute of South Korea's Senior Research Fellow Kim So-Jeong was quoted as saying that measures to "continue" blocking the use of crypto mixing services.

Huobi, a cryptocurrency exchange, has announced that it will delist a number of coins, including the privacy coins ZCash (ZEC), Dash (DASH), and Monero (XMR). The company announced in an official statement that it will immediately stop all operations with the currencies, with the exception of withdrawals, and that its listings policy had been revised. According to a statement from Huobi, the company "strictly complies with the compliance rules of every country and region" and has "always" made an effort to "safeguard our users' assets." Due to concerns that they could be used to support money laundering, a number of countries have prohibited local exchanges from dealing with XMR and comparable coins.

According to the central bank of Norway and its blockchain partner Nahmii, the source code for an Ethereum-based sandbox designed for the country's next central bank digital currency has been made public (CBDC). In a post, Nahmii announced that the new sandbox will let users engage with the test network to mint, burn, and transfer ERC-20 protocol tokens. Nahmii also posted the code to its GitHub pages. However, the company stated that while all parties would have limited access to the sandbox and its code, "access to the complete CBDC environment" would only be available to licensed organizations and developers.

The United States-based crypto miner Greenidge Generation, which is situated in Connecticut and is listed on Nasdaq, claims to have mined about BTC 301 in the previous month and BTC 1,771 in the first eight months of the year. The company also stated that as of August 31, it had "roughly 24,500 miners in service," but added that "5,000 older, less effective miners" had been brought down over the previous month. The business said that the removal of the rigs was done to "create capacity" for brand-new mining equipment that is presently "being delivered."