Coinbase’s CEO Brian Armstrong says the company will not ban all Russian users
Coinbase has decided to follow Binance and Kraken in refusing to impose a blanket ban on Russian users. Coinbase CEO Brian Armstrong indicated an hour ago that the company is not considering removing all Russian users from its platform. Following rumors that Russia may use cryptocurrency to circumvent US sanctions, politicians in the United States […]
Here’s Why the Recent Bitcoin Rally Had Nothing to Do With Russian Sanctions.
Bitcoin’s (BTC) price soared above $44,000 earlier this week amid allegations that fresh US sanctions against Russia were to blame. However, fresh research suggests that claims that Russians are circumventing sanctions by using cryptocurrency are unfounded. The value of ruble-denominated crypto activity on March 3 was $34.1 million, according to statistics from blockchain analytics firm […]
As MetaMask and OpenSea abide by US sanctions, the Russian ban is in target
Due to restrictions imposed by its host Infura, OpenSea, the world’s largest NFT marketplace, reportedly began restricting Iranian customers, citing US sanctions against the country. Meanwhile, the popular Ethereum wallet MetaMask was unavailable in certain banned countries. The acts spurred extensive debate over crypto’s ostensibly decentralized character, as well as whether other major corporations would […]
Bitcoin Mining Moratorium Bill In New York Rallied By Huge Support
The proposal to ban Bitcoin mining in New York State for three years is gaining momentum with support rallying round it by members of its Assembly. Bitcoin mining ban using fossil fuel-powered proof-of-work has gathered support from two additional Assembly in New York State proposal to ban the activity for three years across the state. […]
As a result of US sanctions, the NFT marketplace OpenSea removed users.
Due to the ongoing US sanctions, the Ethereum-based NFT marketplace OpenSea has begun to remove users from its platform. Following the recent harsh financial sanctions imposed on Russia, exchanges have been asked to impose a ban on Russian users. However, some exchanges, such as Binance and Kraken, have refused to impose a blanket ban, instead […]