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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
24.3.2022
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto...
Market Wrap: Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies
24.3.2022
Bitcoin (BTC) is rising alongside a 6% rally in dogecoin (DOGE). Meme stocks are also outperforming in equity markets, reflecting improved appetite for risk among investors. DeFi tokens are lagging, but could catch up with broader upswings in price
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
24.3.2022
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank...
‘Big Holes’ Undermine Russia Sanctions – And It's Not Crypto (Psst! It's Traditional Politics & Finance)
24.3.2022
An opinion columnist writing for Bloomberg has identified two flaws that “fundamentally undermine” the United States and EU-led “sanctions regime” against Russia – and neither have anything to do with the use of crypto.
Since the start of the conflict in Ukraine, senior lawmakers in the USA...
Senior Russian MP Suggests Trading Gas and Oil for Bitcoin
24.3.2022
A senior Russian politician has suggested turning to bitcoin (BTC) as an alternative to the USD in international energy exports and trade deals.
The comments were made by Pavel Zavalny, a member of the ruling United Russia Party and the Chairman of the State Duma (Russia’s parliament) Committee...
Ukraine Crypto Fundraiser Wants EU to Investigate Whether Binance Is 'Helping' Russia
24.3.2022
One of Ukraine’s major crypto fundraisers has asked the European Union to investigate whether Binance is cooperating with Russia
Digital currencies could get a boost from the international crisis: Blackrock CEO
24.3.2022
BlackRock CEO believes the current crisis added with growing inflation would lead to the formation of a global digital payment network
Russian Law Requires Election Candidates to Disclose Their Crypto Assets
24.3.2022
The Russian parliament has adopted a new law obliging persons running for office to present information about their digital asset holdings. The legislation will amend a number of acts and apply to presidential and parliamentary candidates as well as government officials. Russian Politicians...
Russian Ruble Crypto Trading Falls Again as Moscow Stock Market Opens, RUB Rises
24.3.2022
The stock market in Moscow opened again on Thursday after staying closed for a month following Russia’s invasion of Ukraine. Meanwhile, crypto trading with Russian rubles (RUB) continues to see falling volume on the largest international exchange, Binance....
Read More: Russian Ruble Crypto...
Crypto trading in rubles falls even as ECB warns again on sanctions
24.3.2022
A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion
Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank
23.3.2022
The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future.
RBC reported that the Russian...
Wex Exchange Co-Owner Reportedly Detained in Russia
23.3.2022
Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person is one of the owners of Wex, successor of the infamous BTC-e exchange. Owner of...
Florida's Crypto Plan, NFL's Blockchain Move, Grayscale's Ex-Ethereum Fund + More News
22.3.2022
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: Florida's Crypto Plan, NFL's Blockchain Move, Grayscale's Ex-Ethereum Fund + More News
Russian Chess Champion Suspended After Publicly Supporting Invasion Of Ukraine
22.3.2022
Russian chess grandmaster Sergey Karjakin, one of the world’s top players, has been suspended for six months by the International Chess Federation after publicly voicing support for his country’s invasion of Ukraine.Read more
Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’
21.3.2022
The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggressively. Off the heels of the first benchmark interest rate increase since...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
21.3.2022
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes...
Will Belarus Lure Crypto Miners Amid Sanctions, Russia-Ukraine War?
21.3.2022
Despite favorable business conditions, a country’s political environment can deter international capital
Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers
21.3.2022
Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks....
Read More: Regulators in Ukraine, Russia Tell Banks to Block...
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals
21.3.2022
With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly...
Amid conflict, NFT projects already seek to rebuild Ukraine
20.3.2022
Ukraine is raising funds using NFTs, showcasing the decentralized, trustless nature of blockchain technology at its best