Ukraine has shown the value cryptocurrency offers to real people
Ukrainian refugees have used cryptocurrency to survive. And contrary to what critics believe, sanctions have prevented Russia from finding much use for crypto.
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Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic…
All That Glitters is Not Gold: UN Agency Slams Crypto Adoption
The United Nations Conference on Trade and Development (UNCTAD) believes the impact of cryptocurrencies should be limited in developing nations. According to the agency, digital assets are unstable financial products…
Alleged BTC-e Operator Alexander Vinnik in US Custody After Immediate Extradition From Greece
Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition,…
Vinnik to Be ‘Hostage’ in US Amid Russia’s War in Ukraine, Greek Lawyer Says
If extradited to the United States, crypto exchange BTC-e’s alleged operator Alexander Vinnik will become a “hostage” due to the ongoing conflict in Ukraine, according to his Greek lawyer. France…
Russia Has Received Over $2 Million in Cryptocurrency Donations, Chainalysis Says
What’s sauce for the goose is sauce for the gander —the Russians told the Ukranians. On July 29, Chainalysis released a report indicating that several pro-Russian groups have raised more…
Chainalysis Report Says $2.2 Million in Crypto Has Been Sent to Pro-Russian Groups in Ukraine
According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have “collectively received over $2.2 million worth of cryptocurrency.” The paramilitary groups…
Pro-Russian groups raised only 4% of crypto donations sent to Ukraine
“While significant, the $2.2M worth of crypto donated to pro-Russian orgs still pales in comparison to the tens of millions in crypto donated to Ukraine,” said Chainalysis.
Cryptocurrencies Are Essential For Ukraine’s Military Operations, High-Ranking Official Says
On July 26, Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation, reasserted his support for cryptocurrencies on his Twitter account, saying they were “essential” for the country’s war against Russia.…
Latvian Artist Threatened With Prison for Money Laundering Through NFTs
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities…
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