“If a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin,” said Mati Greenspan. The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system…
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BTC and stock markets recovered some of their recent losses, leading traders to suggest that the panic selling could be “over for a few days.” Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset…
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Voxies, Smooth Love Potion and MyNeighborAlice overcome the noise to post double-digit gains thanks to protocol updates and a new exchange listing. Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and…
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Some BTC miners in the U.S. expect to double their capacity through 2022 while other global operations have been selling BTC to secure cash reserves. Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoin’s (BTC) three-month downturn. The Marathon Digital Holdings and GEM Mining…
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Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer an emergency, therefore the federal government will be ending the use of the…
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The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common mistake that people make is thinking they…
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According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses…
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The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange…
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As Russia’s president Vladimir Putin ordered a full-scale invasion of Ukraine, and Bitcoin (BTC) might play a role on both sides of the conflict, Ukraine is seemingly better prepared to embrace the nascent monetary technology. As a reminder, in October 2021, crypto analysis firm Chainalysis, in its 2021 Global Crypto Adoption Index, ranked Ukraine…
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James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares. __________ Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become evident that, at present, bitcoin is behaving as a risk asset,…
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