The US Treasury Department has added digital currencies to its list of sanctions on Russia’s government
Crypto transactions were likened to “deceptive or contrived transactions or deals” in an attempt to dodge US sanctions, according to Treasury Department rules. The Treasury Department and, according to reports, the White House have issued a warning to US-based businesses and people not to support crypto transactions addressed to specified Russian nationals and banks. U.S. […]
Despite market turbulence, crypto investment funds raise $36 million
As institutional investors re-accumulate, inflows into Bitcoin, Ethereum and other crypto investment products continue to climb. Last week, cryptocurrency investment funds saw a significant increase in inflows, indicating that institutional investors were still interested in digital assets despite the market’s extraordinary volatility. According to CoinShares data, digital asset investment products received $36 million in cumulative […]
KPMG Canada enters the NFTs space with a debut purchase of World of Women NFT
The Canadian branch of multinational accounting company KPMG purchased a World of Women (WoW) NFT for 25 ETH ($70,000). The Woman #2681 is the company’s first NFT asset, it also purchased an Ethereum Name Service domain name. NFTs are one-of-a-kind blockchain tokens that represent ownership of a certain asset, such as a photograph or a […]
As expert discovery concludes in the Ripple lawsuit, major crypto exchanges move $88.8 million in XRP.
The expert discovery phase of the SEC vs. Ripple lawsuit has come to an end, showing how the regulator chooses winners and losers among cryptocurrencies. Leading cryptocurrency exchanges moved 120 million XRP tokens, fueling a positive attitude among traders. As huge transactions flood the network, investors are positive about the XRP price. Large cryptocurrency exchanges […]
Is Crypto War next as Ukraine Demands that Crypto Exchanges Freeze Russian Accounts
Ukraine has increased the pressure on cryptocurrency exchanges to freeze Russian accounts as they threaten exchanges like Binance to make legal demands Ukrainian demands that cryptocurrency exchanges ban Russians from the cryptocurrency sector As the Russian-Ukrainian conflict continues, Ukrainian officials have announced preparations to issue legal demands to cryptocurrency exchanges, ordering them to freeze the […]