Russian crypto volume across major exchanges plunges by 50%
Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall.
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OpenSea updates banned countries list sparking decentralization debate
The world’s largest NFT marketplace has confirmed that it blocks users based on the U.S. sanctions list.
Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea
Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted…
Anti-war Russians start donating crypto to support Ukraine
Crypto could be one of few ways for Russians to help Ukrainians as any identified assistance to Ukraine is considered as high treason by the Russian state.
New York state ramps up blockchain monitoring to enforce sanctions
Blockchain analytics will help ensure that NY-licensed companies don’t send money to sanctioned Russians.
$45,000 Bitcoin looks cheap when compared to gold’s marketcap
BTC’s market cap is much smaller than gold, but Bitcoin’s daily volume and the amount held under management by funds suggests that the cryptocurrency is trading at a heavy discount.
EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers
“When it comes to economic and financial sanctions, we want to remain flexible and mobilized,“ said France’s finance minister, Bruno Le Maire.
US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions
Jerome Powell said that the situation with Russia "underscores the need for really congressional action on digital finance, including cryptocurrencies."
EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia.