As BTC approaches $40K, investors ‘buy the dip,’ gaining 16 percent in less than 24 hours
While the number of BTC addresses holding modest amounts of the cryptocurrency continues to rise. As the price of Bitcoin (BTC) rose to nearly $40,000 on Feb. 25, increasing 16 percent in less than 24 hours, buyers returned to the market, looking for additional upside chances. Investors are increasing their Bitcoin holdings According to the […]
Bitcoin falls to $36.4K as Ukraine move sends Russian ruble close to 6-year lows vs. dollar
Analysts observe that gold has outperformed “digital gold (Bitcoin)” in the aftermath of geopolitical turmoil, with the XAU/USD crossing $1,900. The aftermath of Russia’s expected incursion into Ukraine triggered more market woes on Feb. 22. Bitcoin (BTC) fell to new lows. As Bitcoin falters, gold comes to the rescue BTC/USD hit $36,400 on Bitstamp overnight […]
Ukraine passes law to legalize crypto and regulate digital assets
The Ukrainian Parliament has passed a legislation that legalizes cryptocurrencies. The country hopes its new digital asset regulations will attract foreign crypto exchanges. The Ukrainian Parliament passed the draft law “On Virtual Assets ” on September 8, making cryptocurrencies legal for the first time in the country. The legislation is based on existing guidelines issued […]
Ukrainian ministry sets to begin its digital currency pilot for staff salaries
Following earlier news by an official which stated that the new bill will allow salaries payment in crypto, paying ministry employees in e-hryvnia could be a suitable first pilot for the central bank digital currency. Ukraine’s Deputy Prime Minister and Minister of Digital Transformation , Mikhail Fedorov, has unveiled a possible early use case for […]
Ukraine shuts down cryptocurrency exchanges involved in money laundering
The Security Service of Ukraine (SBU) has taken down a network of cryptocurrency exchanges that were used to anonymize transactions and also launder money. Over 1,000 “customers” used the underground exchanges to launder money received from Yandex.Money, Qiwi, and Webmoney, among other Russian electronic payment processors . “Criminal cryptocurrency exchanges were in high demand because […]