Russia to Test Digital Ruble Next Month: Get Ready for a Financial Revolution

• Societe Generale’s subsidiary receives France’s first crypto services license
• DeFi bill introduced in Senate would hold major investors responsible for illegal use
• Russia could begin digital rubles testing as early as next month

Societe Generale Subsidiary Receives France’s First Crypto Services License

Societe Generale’s subsidiary has received the first crypto services license in France. This allows the company to offer a range of services related to cryptocurrency, including security token offerings, asset management, payments, and exchange services. The license was issued by Autorite des Marches Financiers (AMF), which is the French financial regulator.

DeFi Bill Introduced In Senate Would Hold Major Investors Responsible For Illegal Use

A new bill has been introduced in the US Senate that would hold major investors accountable for any illegal use of decentralized finance (DeFi) platforms. The bill aims to protect small investors from potential losses due to fraud or manipulation of DeFi protocols. It will also make large-scale investors more aware of their responsibilities when using DeFi platforms and increase transparency in the industry.

Dormant Ethereum Whale Stirs Up Markets By Sending $116M Worth Of ETH To Kraken

An Ethereum whale stirred up markets recently after sending $116 million worth of ETH to Kraken, one of the world’s largest cryptocurrency exchanges. Many speculated that this could be the start of a bull run for Ethereum as it had been dormant since February 2021.

Do Kwon, Sam Bankman-Fried And Elon Musk Among High-Profile Crypto Wallet Bounties On Arkham’s Intel Exchange

Do Kwon, Sam Bankman-Fried and Elon Musk have all offered bounties on Arkham’s Intel Exchange for anyone who can find a way into their wallets and steal their cryptocurrency holdings. These high-profile bounties are part of an effort by Arkham to increase security measures on its platform and incentivize hackers to uncover weaknesses before they can be exploited by malicious actors.

Russia Could Begin Digital Rubles Testing As Early As Next Month

If approved by its upper parliament and signed into law by President Vladimir Putin, Russia may begin testing its Central Bank Digital Currency (CBDC), Digital Ruble, as early as next month. The pilot project would involve 15 top lenders who will create digital wallets on the bank’s platform where individuals and companies can store their assets in digital rubles at no cost while companies will incur a 0.3% fee per transaction. Western sanctions have hastened Russia’s efforts towards financial independance with this move being an example thereof