CRYPTOCURRENCIES
Russians Under Sanctions Using Crypto to Launder Money: Elliptic Report
Russians with strong social connections, who are under international sanctions for the invasion of Ukraine, have been using cryptocurrencies to launder their wealth, according to a report.
Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance
To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.
US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto
The United States Federal Reserve has raised its interest rates by 25 basis points, the first time in about three years it will be making such a move since Dec. 2018. The implications for crypto is considered.
Nepal to Shut Down Crypto Trading Mediums
The crypto industry in Nepal is about to witness further setbacks as the government has started to ban trading mediums for digital assets.
Bitcoin's Consolidation Continues amid Addresses Holding BTC Scaling the Heights
Bitcoin has consolidated between the $38K and $45K zone for the past two months, as indecisiveness continuously rocks the market, even though BTC addresses continue going through the roof.
Binance Gets the Green Light to Operate in Bahrain
Binance makes a new milestone after being granted a crypto-asset service provider license approved by the Central Bank of Bahrain (CBB).
Paypal CEO Dan Schulman Doubles Down on Crypto Future Potential
Paypal’s Chief Executive Officer Dan Schulman said he is excited about the future of digital currencies and their inherent role in the payments ecosystem.
Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%
Institutional demand for Bitcoin does not seem to be fading based on the large transactions volume witnessed, according to a report by IntoTheBlock.
Public Acquires Otis to Take NFT Fractionalization Mainstream
Public.com, a platform that enables investors to invest in stocks, funds, and cryptocurrencies has announced its acquisition of Otis.
Crypto Exchange Bit.com to Enhance TON Ecosystem
Bit.com, a Singapore-based crypto exchange, has partnered with TON, which stands for “The Open Network,” to expand, enhance, and develop its ecosystem.
Crypto Supports Formula 1 Racing in Modern Technology , Says Mercedes Lead
With 8 of the 10 teams in the 2022 Formula 1 (F1) grid featuring at least one crypto sponsor, Mercedes team principal Toto Wolff believes that cryptocurrencies are part of modern technology that cannot be avoided.
Crypto is Becoming the Lifeline for Ordinary Russians, Coinbase CEO Says
Meanwhile, as the war between Russia and Ukraine ravages, Coinbase CEO Brian Armstrong believes that cryptocurrencies are emerging as the lifeline for Russians as the nation faces heavy sanctions.
Switzerland to Freeze Crypto Assets Linked to Russians
Switzerland will join the UK, the US, and western allies in strengthening sanctions against Russia after its invasion of Ukraine.
Double Bottom Pattern Playing Out in the Bitcoin Market, Is $50K in Sight?
A double bottom pattern continues to play out in the BTC market because the leading cryptocurrency has remained steadfast above the psychological price of $40,000 for the past few days.
Federal Reserve Chair Powell Sees Interest Rate Hike this Month
Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain.