More crypto-related businesses are joining the sanction train making its rounds in Russia, following that country’s invasion of Ukraine. And this time, it’s a major company from the hardware wallet sector. But Ukraine has been hit as well. Satoshi Labs, the maker of the popular hardware wallet Trezor, has said that it had already…
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Ukrainian blockchain developers say they have created a web-based resource for Russians and Belarus-based individuals who want to make anonymous crypto donations to Ukraine-supporting funds. The authors of the Russian-language web pages are Gleb Naumenko, who has been “working with the Bitcoin Core protocol since 2018, and the ethereum (ETH) expert Mikerah…. Read More:…
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Bitcoin (BTC) and several other major cryptoassets initially fell on Monday, before buyers showed up later in the trading day to offer relief. At the same time, the US dollar, gold, and a large number of other commodities continued on a surge higher, as a ban on Russian oil imports seem to be on…
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Crypto donations to Ukrainian causes have slowed down over the weekend, while reports revealed that roughly 40% of Ukraine’s military suppliers accept crypto payments. The Ukrainian government and non-profit organizations providing support to the military raised less than USD 2m over the weekend, according to data by the crypto security firm Slowmist. … Read More:…
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Crypto’s transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase. Following Russia’s invasion of Ukraine, the US and its allies imposed an extensive round of sanctions on a number of Russian financial institutions and entities, basically trying to…
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The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look to domestic and Chinese alternatives to Western platforms…. Read…
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Gavin Brown, Associate Professor in Financial Technology, the University of Liverpool._____ War is expensive. The United States spent about USD 1.1tn on the 2003 Iraq war in today’s money, while the Falklands war cost the UK the equivalent of about GBP 2.6bn (USD 3.4bn). … Read More: Bitcoin Is Helping Both Sides in Ukraine…
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Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____ The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target Russian financial institution and individuals…. Read More: Could the Ukraine Invasion Spark a Global…
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All four major South Korean crypto exchanges say they will block users with Russian IP addresses “in line with sanctions” – despite the fact that their overseas counterparts have ruled out making such a move without direct instruction from governments…. Read More: ‘Big Four’ South Korean Crypto Exchanges Say They’ve Blocked Russian Users Read…
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Crypto trading volumes using Ukrainian hryvnia (UAH) as the fiat currency have fallen to nearly their normal levels, despite banking restrictions in Ukraine making fiat transactions in the region increasingly difficult. From Russia, however, crypto trades using the Russian ruble (RUB) still remained well above their normal levels on the crypto exchange Binance this…
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