Former BitMex CEO Arthur Hayes in a long op-ed published on his Medium page titled “Energy Cancelled,” explained how the war in Ukraine and resulting sanctions could be the end of the Eurodollar / Petrodollar monetary system. Russia sanctions could spell the end of dollar domination According to Hayes, the sanction of the world’s largest …
Monthly archives: March 2022
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms …
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Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed by Dubai’s Virtual Asset Regulatory Authority (VARA). The regulator was established last week …
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US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge or intent to help evade sanctions,” an expert said. Lawmakers Unveil Digital Asset Sanctions Compliance …
Luno Launches Venture Fund to Invest in Over 200 Crypto and Fintech Startups per Year
Luno cryptocurrency exchange recently announced the launch of an investment arm, Luno Expeditions, whose objective is to invest in fintech, crypto, and Web3 startups globally. The investment arm will target digital assets and later-stage companies starting from Series A upwards. Funding Over 200 Startups per Year One of Africa’s pioneering cryptocurrency exchanges, Luno, recently announced …
Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation …
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New Report From Dacxi Finds Lack of Crypto Education Stops Over 57% of People From Investing
press release PRESS RELEASE. Dacxi, the world’s leading Crypto Wealth Platform, released a comprehensive report titled ‘The State of Crypto Education 2022’. Based on the results of an extensive survey, the report points to the severe lack of appropriate crypto education for everyday people and its impact on their willingness to engage in the market. …
FairySwap, the First DEX on the Findora Blockchain, Launches on Mainnet
March 18, 2022 – California City, California With liquidity mining and bridge integration in place, FairySwap is ready to go live. FairySwap is announcing a full-featured mainnet launch that includes support for new trading pools, yield farming and a cross-chain bridge to BNB Chain (formerly Binance Smart Chain). Starting on March 20, 2022, at 0:00 …
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Ethereum Staking Queue Nears All-Time High Ahead Of Mainnet Merge
Ethereum is well on its way to the Merge as more milestones are met. The move to proof of stake will no doubt be a game-changer for the blockchain. So As the day for the merge draws closer, users of the network have been upping their activity in recent times. One of the places where …
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Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows
With a market valuation of $28.68 billion, Cardano (ADA) has claimed the 9th position in cryptocurrency market capitalization, surpassing Avalanche (AVAX). Despite recent inflows into its ecosystem, the coin beat Avalanche’s $22.28 billion to attain the title of 9th largest coin. As the value of Cardano’s ecosystem has skyrocketed, so too have funds flowing into …
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LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?
As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside. Related Reading | What’s Behind LUNA’s Rally, Could Its Price Decouple From Bitcoin? At the time …
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Trezor Hardware Wallet Introduces Support for Cardano (ADA), Price Reacts
Crypto hardware wallet has announced support for Cardano (ADA) after many years of not supporting the digital asset. As Cardano has grown and with the rise of decentralized finance (DeFi) on the network, there has been more demand for the cryptocurrency to be added to the wallet, which is one of the most popular crypto …
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Grayscale Founder’s Hilarious Tweet Gets At Dogecoin Community
Founder and Chief Executive Officer of Grayscale DCG, Barry Silbert, has gotten into the nerves of the Dogecoin community after leaving the meme token out during his recent comparison of the top cryptocurrencies. Silbert compared the top crypto assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Zcash. In each of the cryptocurrencies, he likened …
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Coinbase Is Another Legal Brawl, As Three Users File Lawsuit
The largest crypto exchange in the US Coinbase seems to be regularly involved in a legal battle. This time, the crypto exchange is accused of selling securities as cryptocurrencies. Three Coinbase users – Christopher Underwood, Christopher Underwood, and Henry Rodriguez – filed a class-action lawsuit against the firm for more than 79 crypto assets listed …
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Real health benefits will come when medicine and the Metaverse collide
The world is becoming more connected as cryptocurrency, blockchain, nonfungible token projects, the Metaverse and other online communities gain popularity. However, we’re also seeing rates of depression and feelings of isolation and loneliness skyrocket. This development is certainly not causal, but it is something to consider as younger generations become more involved in virtual spaces. …
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