Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions. Monetary Authority Urges Banks to Control Spending Linked to Crypto Assets The Central Bank of Russia (CBR) …
Tag archives: Bitcoin
ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years
While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized …
Biggest Movers: AVAX Almost 20% Higher, as RUNE and ZEC Near 15% Gains on Saturday
Crypto markets were mainly in the green on Saturday, with AVAX, RUNE and ZEC being some of the notable gainers. Apecoin traded lower during its third session, falling by as much as 13%, following back-to-back gains. Avalanche (AVAX) LUNA, WAVES, and FTM were all trading over 10% on Saturday, however it was AVAX that was …
Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’
Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.” Bolstering Adoption of Web3 and Crypto in Africa Hong Kong-based cryptocurrency exchange FTX recently announced the …
Bitcoin, Ethereum Technical Analysis: ETH Nears $3,000 to Start the Weekend
Ethereum rallied on Saturday, as the world’s second-largest cryptocurrency moved closer to the $3,000 level. The global crypto market cap was over 4% higher as of writing, with bitcoin climbing by nearly 3.5%. Bitcoin Bitcoin (BTC) climbed above $42,000 for the first time in ten days to start the weekend, as cryptocurrencies rallied, following a …
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Here’s how the new sanctions bill could hurt the crypto industry
Yesterday, a group of democratic co-sponsors led by Senator Warren introduced a bill titled the Digital Asset Sanctions Compliance Enhancement Act. The bill presents certain precautions to properly prevent Russia from using crypto to evade economic sanctions. In addition to the fact that crypto can’t single-handedly rescue Russia and that most countries are already applying …
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US Lawmaker Says Bitcoin Is Aligned With American Values, Will Strengthen the Dollar
U.S. Congressman Pete Sessions says bitcoin is aligned with American values and will strengthen the U.S. dollar. The lawmaker further noted that the cryptocurrency “is trending to be a more resilient alternative option to hedge against fiat-currency inflation.” Rep. Pete Sessions Sees Merit in Bitcoin U.S. Representative Pete Sessions tweeted about bitcoin several times this …
Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum
On Friday, Universal Music Group’s Web3 label dubbed 10:22PM revealed it purchased the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) #5537 for more than $360,000. 10:22PM says that BAYC #5537 will become the female manager for the first-ever metaverse group. UMG’s 10:22PM Acquires Bored Ape #5537 for 125 Ether Universal Music Group (UMG) and …
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Bitcoin Ink: Study Shows Interest in ‘Crypto Tattoos’ Jumped 222% in the Past Year
As cryptocurrencies, bitcoin, decentralized finance (defi), and non-fungible token (NFT) technology experienced extreme growth during the last year, interest in crypto tattoos has risen a great deal. According to a recent study published by Crypto Head, searches for tattoos related to cryptocurrencies jumped 222% over the last year. Study Shows a Growing Interest in Crypto …
5 “next bitcoins” that weren’t
The world of blockchain gets so many new projects that it’s easy to forget the ones that that fizzled out. Whereas every new “Ethereum killer” gets attention, as do disaster projects like HashOcean and BAS, it’s important to look back in time to some older projects (that means over 2 years plus, in crypto) that …
Facebook sued in Australia for fake crypto ads
A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age. Now, the Australian Competition & Consumer Commission (ACCC) has commenced legal action against the parent company of Facebook due to its inability to curb the spread of such …
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Here’s how onXRP protects your NFTs against duplication and data-loss
onXRP, a content-providing platform home to many NFT projects, partnered with Pastel Network, leading NFT technology protocol. This partnership will integrate Pastel’s security measures to the upcoming onXRP NFT marketplace to prevent duplications and scams, which have been rising since mid-2021. NFT scams are on the rise The chart below demonstrates the “NFT Scam” searches …
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BitMEX founder Arthur Hayes predicts end of dollar domination and Bitcoin to $1 million
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 …
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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