South Korea goes to the polls on March 9 to elect its next President – and crypto is likely to play a major role in determining the outcome. After a tense and bitter campaigning period, the former prosecutor-general Yoon Suk-yeol, of the main opposition People’s Power Party is hoping to dislodge the ruling Democratic…
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Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and…
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Both firms say they allow traders to make real-time moves in responding to their risky crypto positions. Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to…
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A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions. Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors Talks…
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A batch of new crypto regulations is incoming in Japan – where the nation’s top financial and crypto regulator has put forward legal amendments to payments-related legislation. The proposals were made by the Financial Services Agency (FSA), which has proposed making alterations to two existing acts of law as part of a bid to…
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Cryptocurrency markets were hit by a sudden fall over the weekend, with the global market cap dropping 3.80% in just 24 hours and now sitting at $1.73 trillion. Bitcoin fell by 3.44% in the last 24 hours to $38,168 per coin. The second-largest token by market cap after bitcoin, Ether also showed in red by…
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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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In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world. Singapore Becomes First Southeast Asian Nation to Impose Sanctions…
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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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_____ _____ Cryptoasset ownership and adoption continue to increase steadily, encouraging new investments and developments in the crypto wallet market too. In fact, data compiled by Statista shows that downloads of the ten most popular wallet apps began to take off from December 2020, while Blockchain.com saw worldwide downloads of its software-based wallet increase to…
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