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Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
7.5.2022
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners
7.5.2022
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using...
US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform
7.5.2022
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million...
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
7.5.2022
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show...
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
7.5.2022
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned...
Why a New York Bill Barring New Crypto Mines Would Be Bad for Business
7.5.2022
The state senate should reject the legislation, which recently passed the assembly and would place a moratorium on approvals for permits for digital mining operations that use nonrenewable energy sources
Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot
7.5.2022
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses...
Ice Cube's Basketball League Is Taking on New 'Owners' via NFTs
6.5.2022
VaynerMedia CEO Gary Vaynerchuk and rapper, actor & BIG3 co-founder Ice Cube joined CoinDesk's "First Mover" to discuss decentralized sports team ownership via NFTs
While Most Crypto Prices Went Down, Smart Money NFT Trades Were Up: Nansen Data
6.5.2022
Staked ETH tokens are still showing signs of investor confidence
Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022
6.5.2022
On May 4, the FOMC voted to raise interest rates by 50 basis points. Here's why Bitcoin investors need to care about central bank's policy
Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives
6.5.2022
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain....
Market Wrap: Crypto Sell-Off Stabilizes Amid Bearish Sentiment
6.5.2022
Bitcoin (BTC) is down by 6% over the past week and appears to be stabilizing after Thursday's sell-off. Traders remain cautious, although some altcoins such as GALA have rallied
‘Tamagotchi on Crack’: Irreverent Labs Raises $40M for NFT Cockfighting Game
6.5.2022
Investors are backing a gaming studio whose “MechaFightClub” title is predicated on 6,969 robot chicken NFTs, according to government filings
Nueve de cada 10 bancos centrales planean lanzar monedas digitales, según encuesta
6.5.2022
Un reporte del Banco de Pagos Internacionales reveló que más de la mitad de los bancos centrales están desarrollando CBDCs o realizando experimentos concretos
Why on Earth Would Land Be Scarce in the Metaverse?
6.5.2022
With their “skeuomorphic” designs and prodigious fundraising, Web 3 metaverse projects may have fallen into a trap of their own making
Web 3 IRL: Seattle’s CafeDAO Tests Brick-and-Mortar DAO Model
6.5.2022
That said, “We don’t want for someone to spill coffee and have all the DAO members vote for who cleans it up.”
Inflation Will Create a Political Vacuum. Can Bitcoin Fill It?
6.5.2022
Prices are rising at a time of pervasive distrust in government to fix the problem. That leaves the door open to bitcoin, the ultimate anti-inflation hedge
Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’
6.5.2022
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession...
Bitcoin Breaking Down, Support at $30K
6.5.2022
Bitcoin (BTC) is breaking down after failing to hold $40K over the past few months. A weekly close below $34,246 could yield further downside targets