Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility of bitcoin and the like. Crypto Assets Not Viable Option for Sanctioned Russia, Moody’s Report Suggests […]
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says Russia’s Federal […]
Americana Technologies Brings NFTs to the Physical World
As most NFT companies look to turn digital items into prized assets, the physical world has remained largely neglected. Americana Technologies aims to change all that however, with its innovative NFTA chip that will give any real-world item a touch of the nonfungible. In a nutshell, the far-sighted tech firm has developed a universal microchip […]
Wave Partners with OneOf to Launch NFTs for Upcoming Virtual Concert
Entertainment website Wave is partnering with music NFT platform OneOf to expand upon its ‘Wave Makers’ virtual concert concept by integrating NFTs into the mix. The event is dubbed ‘DIMENSIONS VOL. 2,’ with electronic artist and producer Teflon Sega as its headline performer. The performance will take place at 6PM PT on May 12th on the […]
US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million The Commodity Futures Trading Commission (CFTC) announced Thursday that the U.S. District Court for the […]
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which investment class is next?” the lawmaker stressed. Financial Freedom Act The issue of what […]
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped […]
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,” the lawmakers wrote. […]
Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses more aligned with the refined direction of the company, […]
Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain. Spanish Securities Regulator Sets Eyes on Binance The CNMV, which is the […]
