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Biden Signs Executive Order Establishing National Crypto Policy Across 6 Key Priorities
9.3.2022
U.S. President Joe Biden has signed a “historic” executive order on crypto assets, establishing “a national policy for digital assets across six key priorities,” the White House stated. The executive order outlines “the first-ever, whole-of-government approach...
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, Ethereum Technical Analysis: BTC Rallies to 1-Week High Above $42,000
9.3.2022
Following an extended period of bearish pressure, bitcoin’s price surged on Wednesday, as bulls returned to the market. ETH was also higher, climbing to a five-day high in the process. Bitcoin Bitcoin finally broke above its recent price ceiling on hump-day, leading to the world’s...
COTI Is Leveling Up to Take on Visa & Mastercard in the Merchant Payments Space
9.3.2022
2022 is set to be a pivotal year for COTI, the self-professed “Currency Of The Internet”, as it aims to cement its status as the ultimate Layer-1 blockchain network for merchant payments. COTI has just detailed its 2022 Roadmap. Some exciting developments on the horizon will go a long...
Terra off to new record high as LUNA price outperforms market with 30% rebound in 3 days
9.3.2022
The total value locked inside the Terra blockchain system has reached an all-time high of nearly $26 billion
Polkadot and Cosmos Hub Rollercoaster While FIREPIN Shoots Up 75% Up in a Week
9.3.2022
Two big cryptocurrencies, Polkadot (DOT) and Cosmos Hub (ATOM) have been experiencing turmoil in the last month due to the continuing conflict between Russia and Ukraine. 2021 was a successful year for many cryptocurrencies, but it seems that as we enter the month, three of 2022 customers...
Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March
9.3.2022
The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work...
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...
Algebra Announces Joining the 1inch Ecosystem
9.3.2022
Algebra’s blog post on March 8 informed the crypto space about its plans to join forces with 1inch, the network of DeFi protocols. This combining of the forces is predicted to have some positive impact on the image of Algebra. Users of both projects will have a wide variety of tools...
Goldman Sachs Offers ETH Funds to Clients via Galaxy Digital
9.3.2022
Clients at Goldman Sachs (GS) are keen on the spot exposure to the Ethereum funds and are offered a space in the ETH Fund of Galaxy Digital. The strategy brought about by the GS had become apparent on Tuesday when the Securities and Exchange Commission filed a new case and listed GS as...
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...
Unicef Receives $2.5 Million in Crypto for Ukraine From Binance Charity Foundation
9.3.2022
Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With...
Binance to No Longer Process Visa and Mastercard in Russia
9.3.2022
Russia’s decision to invade Ukraine is now turning out to be very costly. In addition to sanctions imposed on Russia, the country is also witnessing financial isolation from the rest of the world. The two major players who suspended their services in the country are Mastercard and Visa. This...
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...
Pakistan’s Central Bank Sees Few Good Use Cases for Crypto Citing ‘a Lot of Misuses’ Worldwide
9.3.2022
The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, trafficking of people, money laundering, and many other things.” Pakistani...
Goldman Sachs’ Blankfein Asks Why Crypto Isn’t Having a Moment Despite Inflating US Dollar, Freeze Orders
9.3.2022
A Goldman Sachs senior chairman has asked why crypto is not having a moment despite “the inflating U.S. dollar” and governments demonstrating that they can and will freeze accounts under certain circumstances. “Not seeing it in the price, so far,” he said. Goldman...
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...
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions
8.3.2022
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face...