Written by: ( March 18, 2022 )
Volodymyr Zelenskyy, the Ukrainian President, signed Wednesday a regulation that made Bitcoin and Ethereum legal tender in Ukraine. This was due to the fact that more than $100 million worth of crypto donations were made to Ukraine in support of its war effort against Russian invaders. The information was confirmed by Ukraine’s Ministry and Committee […]
Written by: ( March 16, 2022 )
Cryptocurrencies like Bitcoin were able to escape the European Union (EU) Parliament yesterday. MEPs had voted down a provision that would have banned proof-of-work (POW) crypto assets for sustainability reasons. A provision that would have made trading in crypto assets like bitcoin or Ethereum almost impossible in the EU due to their dependence on a […]
Written by: ( March 14, 2022 )
Last Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating cryptocurrency-to-fiat transactions. This move is a hint at the Israeli government’s plans to legalize and regulate virtual currency service providers (VASPs) and banks. This new policy is based on customers’ […]
Written by: ( March 11, 2022 )
The Financial Conduct Authority (FCA), the UK’s central financial regulator, has issued a verdict regarding the presence of cryptocurrency ATMs in the country. Many in the industry were shocked to learn that the regulator issued a strong “shut down, or face further actions” order to ATM operators, outlining their intention to contact the companies to […]
Written by: ( March 10, 2022 )
During Russia’s invasion, charities supporting Ukraine turned to cryptocurrency donations to raise funds. The gamble on virtual currency worked and Ukraine’s government raised over $50 million in cryptocurrency within a week after launching wallets that could be used to directly receive donations. However, there are also those who are taking advantage of the situation for […]
Written by: ( March 8, 2022 )
Some wallet companies, such as Binance, have stated they won’t get involved in the Russia-Ukraine conflict. However, Coinbase is taking action. It announced Sunday that it had blocked over 25,000 cryptocurrency wallet addresses associated with Russian entities or individuals it believed to be involved in illicit activity. Paul Grewal, Coinbase’s chief legal officer, stated in […]
Written by: ( March 7, 2022 )
In a matter of months, a 12-year-old boy from the UK who had built a digital art collection has earned a cryptocurrency fortune worth £750,000 ($985,000). Benyamin Ahmed, whose father taught him code when he was just five years old, published his own collection of whale-themed non-fungible tokens (NFT) last July. Since then, their value […]
Written by: ( March 3, 2022 )
As cryptocurrencies like Bitcoin have risen in value, crypto donations to Ukraine’s government and other organizations have reached $52 million. This financial support is provided as Ukraine resists Russia’s military invasion, which began last Thursday. Up to $35 million was raised by the Ukrainian government by Wednesday. The remainder was raised by organizations supporting the […]
Written by: ( March 2, 2022 )
The 26-time LaLiga champions FC Barcelona are currently working on a new metaverse, cryptocurrency and NFT collection. Joan Laporta, president of Barcelona, has just announced that the team is currently working on a Barca metaverse. There are also plans to launch a club cryptocurrency. Laporta stated that an NFT (non-fungible token) collection was also in […]
Written by: ( February 28, 2022 )
As of Monday morning, $20 million in cryptocurrency had been donated to support Ukraine’s resistance against the Russian invasion. This is after the country’s official Twitter handle shared two cryptocurrency wallet address addresses on Saturday. Through these addresses, it could receive donations of Bitcoin or Ethereum. The conflict between Ukraine and Russia is currently raging. […]