A newly established Ukrainian charity organization, Pray4Ukraine, has brought together hundreds of digital artists that are using art to raise funds for the Ukrainian army and civilians devastated by the war. The organization is also attempting to use the power of art to help end the war in Ukraine. 10,000 NFTs Created A newly launched…
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The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade Sanctions Not Possible, Central Bank of Russia Says…
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The eyeball-scanning crypto startup Worldcoin has been hit with another setback – with a report alleging user anger with the company, and some accusing its architects of being “thieves.” As reported recently, Worldcoin has decided to halt its operations in some seven countries after logistical hurdles began cropping up…. Read More: More Problems Building…
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Bitcoin price remained in a bearish zone and declined below the USD 43,500 support. It is currently (04:07 UTC) down over 4% and is trading near USD 43,300. Besides, most major altcoins are gaining bearish momentum. ETH is down almost 5% and there was a move below the USD 3,200 support. XRP declined below…
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One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users. Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. In an Australian first, the bank…
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The cryptocurrency industry is responding to the best-practices advocacy group’s call for a fair, stable and regulated market. The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined. The group is centered around a pledge endorsed by members’ CEOs…
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Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund…
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A series of recent polls are indicating a surge in interest in cryptoassets by US investors from across the generational and ethnic spectrum, but obstacles such as financial literacy gaps and inaction in dealings with financial advisors continue to hamper an accelerated crypto adoption by individual investors…. Read More: Investors Show Rising Interest in…
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The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend according to Santiment. Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the…
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The Stablecoin TRUST Act proposed that the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a draft released Wednesday, the Stablecoin…
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