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'Russian Ethereum', Waves, Almost Triples Since Ukraine War Began
8.3.2022
The WAVES token, issued by the protocol with ties in Russia, is close to a 3x price gain in a matter of just two weeks after it rallied right after Russia invaded Ukraine.
The massive gains also follow crypto exchange Binance integrating the token into its Loans platform last week, and a...
Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians
8.3.2022
A new fundraising platform whose objective is to help to raise funds for Ukrainians and the Ukraine military recently claimed to have raised 2 million of the stablecoin tether. Some of the donated crypto assets have been sent to the Ukrainian army and to a humanitarian fund that finances...
Data Shows Global Financial Conditions Tightest in 2 Years, Shaky Bond Markets Point to Long-Run Inflation
8.3.2022
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the bleak outlook and reports show strained financial conditions worldwide are currently...
Crypto Can Better Deter Sanction Evasion Compared to TradFi - Coinbase
7.3.2022
Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase.
Following Russia's invasion of Ukraine, the US and its allies imposed an extensive round of sanctions on a number...
Report: Official Says Switzerland May ‘Target’ Crypto Assets Belonging to Sanctioned Russians
7.3.2022
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however...
Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout
7.3.2022
The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look...
G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions
5.3.2022
G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and...
Devere CEO Bullish on Bitcoin, Predicts BTC Hitting $50,000 This Month
5.3.2022
The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s...
Russian Oligarchs Unlikely to Use Crypto to Dodge Sanctions - Coinbase CEO
4.3.2022
The heads of some of the world’s biggest centralized crypto exchanges (CEXes) have hit back against critics who claim crypto could be used by Russian oligarchs attempting to evade Western sanctions. However, the exchanges will abide by the law in case there's a ban on all Russian users. ...
Billionaire Bill Miller Shares Current Crypto Outlook: ‘It’s Very Bullish for Bitcoin’
4.3.2022
Veteran investor and fund manager Bill Miller explains why he thinks that it is currently “very bullish for bitcoin.” Miller noted that Russia has almost 50% of its reserves in currencies that are controlled by people who want to do them harm. Bill Miller’s Crypto Outlook:...
Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War
3.3.2022
Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price...
Ukraine War: How Russian Aggression Could Derail the Fragile World Economy
26.2.2022
Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____
The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s...
Bitcoin Shows Surprising Resilience Amid Russia Aggression-Provoked Selloff
24.2.2022
Although the price of nearly all risk assets, including bitcoin (BTC) and other major cryptassets tumbled on Thursday as Russia launched a full-scale invasion of Ukraine, some are surprised as BTC performed better than expected and even recovered some of its losses.
For now, BTC appears to have...