Crypto fans believe that the current laws regarding the Crypto space are not good enough to fulfill the market needs.

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Feeling the need for more helpful regulations, a group of Russian activists have embarked on a campaign to fight against the regulatory laws that they find hindering the adoption of cryptocurrencies in that country. For this end, this group developed a platform to fight against the adaptation of the laws, said Digital Rights Center on Tuesday, that hinders the cryptocurrencies and digital assets turnover in Russia.

These activists we're not alone in this moment and there were other members such as the Russianwide public organization Investment Russia , the Commission on Blockchain Technologies and Digital Economy, and the nonprofit organization RosComSvoboda.

This initiative which is referred to as the “Public initiative of the crypto community in Russia,  maintains that the present regulations and laws of the digital currencies do not fulfill the needs of the market in Russia.

The group also said that “New laws complicate the use of cryptocurrencies in Russia and slow down the development of the distributed finance market,” The activists have also mentioned that the Russian laws and regulations  do not allow you to use the cryptocurrencies as a payment method and  that there are huge penalties and punishments like prison for those who fail to report report their holdings of the crypt.

Furthermore, a petition has been launched which aims at Russian  regulatory bodies such as the Ministry of Economic Development, the Bank of Russia, the Ministry of Finance, the Federal Taxation Service and the Russian State Duma Committee on Financial Markets. Through this petition the group has requested the regulatory bodies in Russia to revisit the regulations about crypto, especially about the four crypto-related regulatory initiatives as well as their new plan for taxation in which the government I will ask the stickers and to to inform the official of their crypto holdings.


Russian lobby group campaign against anti-crypto laws

A couple from California got married using tokenized rings. They said this was done to make their marriage last forever on the Ethereum blockchain.

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Rebecca Rose and Peter Kacherginsky got married using the Ethereum blockchain. it must be said that the couple are Coinbase exchange’s employees and the bride announced this physical and virtual marriage on April 3 on her Twitter.

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Kacherginsky wrote an Ethereum smart contract called Tabaat (= ring in Hebrew) which issued rings, actually tokenized “rings” NFTs in the form of TBT tokens to the couples' wallets. He did this after his Jewish Wedding Ceremony. While this 2,218 line-long smart contract can tokenize a marriage contract for $537, an actual physical marriage would cost $25,000 in the US.

It takes two transactions for the ceremony to complete on the blockchain, the transfer of the NFT rings from the contract to Peter and Rose’s wallet. The Coinbase employee’s ceremony on the Ethereum blockchain took 4 minutes to be verified and $50 was the fee of the transaction.
This NFT is an animation. Carl Johan Hasselrot is the creator of this NFT in which there are two circles that merge and become one. Rebecca Rose expressed her viewpoint on this blockchain marriage;


*“The blockchain, unlike physical objects, is forever. It is unstoppable, impossible to censor, and does not require anyone’s permission. Just as love should be. What could possibly be more romantic than that?”*


It must be mentioned that this, however, is not the second blockchain-based marriage and the first one was held in 2014 for David Mondrus and Joyce Bayo with Distributed Ledger Technology (DLT). 



American couple got married on Ethereum blockchain

Non-fungible tokens or NFTs have turned into the hottest trend for which artists and enthusiasts have shown great zeal and more and more debates and news are heard about them as more people are joining these communities. Buy what are they?

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A non-fungible token or NFT is a particular kind of token that is encrypted which represents unique collectibles.  NFTs are used in certain apps that demand specific digital items like encrypted art, digital collectibles, and online games.

Tokens are of two types, fungible and non-fungible or NFT. Fungible tokens have equal values and therefore can be exchanged however the non-fungible ones are different in value and therefore cannot be exchanged like fungible ones. Cryptocurrencies such as BTC and many networks and utility tokens are fungible.

## NFT Qualities

NFTs have many features that make them attractive. First of all, they are irreplaceable. One cannot copy or divide them between others. They get their value from their uniqueness, cultural and social significance, and financial value. It’s interesting to know that even if that NFT is resold, the artist will have a share of the new sale.

Tokenization of physical assets is another feature. As each NFT is unique, then they are indivisible and the most common token standard for NFT is ERC-721 through which the ownership and authenticity of a digital file can be proved and protected. Also, when you buy an NFT, you receive the physical asset besides its immutable ownership record.

This token has had around 5.5M transactions since March 30 with a total volume of $557M for the transactions according to the data obtained from NonFungible Company.

NFTs can operate on Ethereum as well as other decentralized exchanges (DEXs) like NEO and EOS. DEXs work like smart contracts with lots of NFT tools which comes in handy when describing the metadata deeply.
NFT and DeFi seem to be working really well with each other and you can trade them on Nifty Gateway, OpenSea, SuperRare, and some other exchanges.

CryptoPunks and CryptoKitty are considered as the first NFTs in the history of NFTs. CryptoPunks holds 10,000 human bodies and animal characters’ cute animations while those of CryptoKitty are fantasy cats’ images that initially were free. But now while the most valuable CryptoKitty is over $100,000, each CryptoPunks is worth more than $1 million.
The largest NFT product refers to "NBA Top Shot" which is website launched in Oct 2020. In fact, it’s a video-based virtual basketball trading card website with 276,350 transactions  recorded on its network and a total volume of $459.71M.


But what are NFTs?

Snoop Dogg, the American rapper and media personality asked this question “Is d-o-g-g similar to d-o-g-e?” and that may be a sign of his own future token.

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Snoop Dogg, being one of the Dogecoin (DOGE) fans, he has stated that he wishes to have his own coin in the future.

In an interview on Friday Snoop Dogg told Vanity Fair that there will probably be more of him than his NFT on the crypto world. This coin will be offered via Crypto.com. Considering the similarities between his name and Dogecoin, he said that Nick Bolton the journalist was right when he predicted this coin. 

His NFT coin is an interesting one. It’s got a dog picture on one side of 3 gold coins along with one of his recordings that says he is “all about those Snoop Dogge Coins, dog.” This NFT has sold around 3000 Editions when published.
He announced it on his Twitter.

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The first person to promote cryptocurrencies and specifically Doge was Elon Musk who started this as a kind of humor and fun but then he had more tweets in this regard manipulating the price of Doge and Bitcoin in both directions. Kiss’ Gene Simmons and Snoop were the other people who followed his footsteps and helped Doge grow which was mostly done through mems and statements on social media.

Regarding Bitcoin, Snoop is totally positive and believes that BTC is there to be with us and that it will grow more and more.

*“I believe in [Bitcoin] … I believe in the technology and I believe in the global connection it creates. I’m not too caught up in the value of the coin, because I’ve been around long enough to see things go up and go down, and I know it’s here to stay.”*
