Search
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
4.3.2022
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market...
Crypto Allows Ukraine to ‘Operate Internationally,’ Official Says
4.3.2022
Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking...
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...
Putin Is Temporarily Banning Foreigners From Pulling Money Out of Russia
2.3.2022
The ban will reportedly go into effect on Wednesday
Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds
1.3.2022
Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
28.2.2022
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush...
Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers
26.2.2022
Law enforcement’s robust capacity to follow the money on the blockchain is good news for the crypto industry
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations
26.2.2022
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said...
Apple Pay to halt support for Russian banks sanctioned on war in Ukraine
25.2.2022
Russians cashed out over $1.3 billion from banks on the first day of Russia’s invasion of Ukraine, the largest amount since the onset of COVID-19
BitMEX founders plead guilty to Bank Secrecy Act violations
25.2.2022
Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.”
Plenty of Money and No One to Pay: Crypto Teams at ETHDenver Face Hiring Crunch
24.2.2022
Recruiters at ETHDenver say a shortage of developer talent is inflating salaries and brewing up competition in the industry building Web 3
Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault
24.2.2022
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military...
EU Wants New Anti-Money Laundering Authority to Have Crypto Oversight: Report
24.2.2022
The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms
Russia to seize retail deposits if sanctions go too far, official warns
24.2.2022
Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday
Ukraine Central Bank Suspends Use of Electronic Money Following Russian Invasion
24.2.2022
Ukraine's central bank banned the issuance of electronic money and the replenishment of electronic wallets following Russia's invasion
EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
24.2.2022
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto...
Credit Suisse data leak reveals decades of shady clients and activity
21.2.2022
Swiss bank secrecy laws have protected Credit Suisse from having to disclose whether it was banking criminal activity, which is a far cry from the transparency blockchain technology offers
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
18.2.2022
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed...
US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
18.2.2022
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned...
US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’
16.2.2022
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that...