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State Street's Crypto Custody, USD 100M DeFi Cake, Binance's SEPA + More News
9.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: State Street's Crypto Custody, USD 100M DeFi Cake, Binance's SEPA + More News
EU Clarifies Crypto-Related Sanctions on Russia & Belarus, But Questions Remain
9.3.2022
The European Union has today extended the scope of sanctions on Russia and Belarus, bringing clarifications on cryptoassets into the mix – but as the full legal text is not available yet, these points remain somewhat unclear.
Today, the European Commission said that the member states have...
Bitcoin Rally Gets Support From ‘Watershed’ Executive Order, Rising Stock Market
9.3.2022
Traders bid the price of bitcoin (BTC) up strongly in the market today even before a new Executive Order by US President Joe Biden laid out plans for what was seen as a positive approach to digital assets. Also, an improved sentiment sent US stock futures higher, helping BTC too....
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Joe Biden's Executive Order on Crypto Calls for Consumer Protection, CBDC Consideration, Tech Innovation Support
9.3.2022
The US White House has confirmed that President Joe Biden will sign an Executive Order on digital assets that will outline recommendations for consumer protection and financial stability in the US, as well as formally consider a US central bank digital currency (CBDC). The order does not contain...
Bitcoin and Ethereum Gain Bullish Momentum, Altcoins Surge
9.3.2022
Bitcoin price started a steady increase after it broke the USD 40,000 resistance. BTC was able to clear the USD 41,200 and USD 42,000 resistance levels. It is currently (11:30 UTC) showing positive signs, but there are chances of a minor downside correction.
Similarly, most major altcoins...
Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved
9.3.2022
The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.
In a press release from the Central Bank, the...
Ukraine Deputy Minister Praises Crypto Efficiency; Donations Spent on Military Necessities
9.3.2022
Ukraine's deputy minister of digital transformation Alex Bornyakov has noted crypto's efficiency, stating that blockchain clearing and settlements are conducted in near real-time, which enabled the country to deliver a "very quick" response.
Bornyakov detailed that by leveraging crypto's...
US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming
9.3.2022
Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with...
Bitcoin Jumps Above USD 41K, Ethereum Accelerates, LUNA and Monero Rally
9.3.2022
Bitcoin price started a steady recovery wave above the USD 38,800 resistance, rallied above USD 41,000, and is currently (04:18 UTC) trading above USD 41,500. BTC jumped more than 7% in a day and trimmed its weekly losses to less than 7%.
Similarly, most major altcoins are attempting an upside...
Crypto Vote Could Be Key as South Korea Chooses its Next President
9.3.2022
South Korea goes to the polls on March 9 to elect its next President – and crypto is likely to play a major role in determining the outcome.
After a tense and bitter campaigning period, the former prosecutor-general Yoon Suk-yeol, of the main opposition People’s Power Party is hoping...
El Salvador's Bukele Says 52 Bitcoin Reforms Are ‘In the Oven', Critics Hit Out at Lack of Adoption Benefits
9.3.2022
On the six-month anniversary of El Salvador’s adoption of bitcoin (BTC) as legal tender, President Nayib Bukele stated that he will unveil 10 new BTC-specific legal reforms next week – with over 40 more to come.
The reforms are likely to center on ways the state can issue bitcoin bonds – which...
Crypto Trading in Russia Rises Again as Price Discounts Emerge
8.3.2022
Trading in bitcoin (BTC) and the stablecoin tether (USDT) is once again rising in Russia, with trading volume on both coins on Monday breaking their highs from the start of the war in Ukraine. Meanwhile, price discounts have emerged on Russian ruble (RUB) trading pairs, while Ukrainians...
New USD 560M Crypto Fund, Binance CEO Eyed Abramovich’s Chelsea, Visa & Mastercard Fees + More News
8.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____
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Read More: New USD 560M Crypto Fund, Binance CEO Eyed Abramovich’s Chelsea, Visa & Mastercard Fees + More News
Russia Sanctions Means Countries May Transition to Bitcoin Reserves - Pantera’s CEO
8.3.2022
Both nation-states and private citizens around the world are likely to find it “very appealing” to keep control of their own money in light of the sanctions placed on Russia, and countries could start transitioning to bitcoin (BTC) for foreign reserves, Pantera Capital’s Dan Morehead has argued....
Ukraine War Raises Questions About the 'End of Monetary Regime' and Role of Bitcoin
8.3.2022
Bitcoin (BTC) “will probably benefit” from a new world monetary order where the US dollar no longer reigns supreme and China’s currency strengthens through the backing of Russian commodities, a report from the major investment bank Credit Suisse predicted, triggering intense debates in...
These Are the Latest Crypto Regulatory Moves by US and EU
8.3.2022
While the US President Joe Biden is reportedly set to sign a new crypto- and central bank digital currency (CBDC)-related executive order, the European Union is set for a vote on the much-discussed Markets in Crypto Assets (MiCA) framework.
Biden is expected to sign an executive order this...
Bitcoin and Ethereum Stuck in a Range, Small Altcoins Rally
8.3.2022
Bitcoin price struggled to recover above USD 39,000. BTC started another decline and traded to a new weekly low near USD 37,200. It is currently (04:20 UTC) recovering above USD 38,700, but it might face resistance near USD 39,000 and USD 39,250.
Similarly, most major altcoins are attempting...
Japanese Regulator Wants to Amend the Nation’s Crypto Law
8.3.2022
A batch of new crypto regulations is incoming in Japan – where the nation’s top financial and crypto regulator has put forward legal amendments to payments-related legislation.
The proposals were made by the Financial Services Agency (FSA), which has proposed making alterations to two existing...
Trezor Halted Wallet Shipments to Russia and Ukraine
7.3.2022
More crypto-related businesses are joining the sanction train making its rounds in Russia, following that country’s invasion of Ukraine. And this time, it’s a major company from the hardware wallet sector. But Ukraine has been hit as well.
Satoshi Labs, the maker of the popular hardware wallet...
FTX Europe, Binance's Crypto Payments, Dogecoin's Trademark + More News
7.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: FTX Europe, Binance's Crypto Payments, Dogecoin's Trademark + More News