After many Russian banks were barred from the SWIFT system amid the Ukraine conflict, Moscow has been facing a financial meltdown. But, since then, the general assumption was that crypto will come to the rescue of Russian individuals and businesses. But, looks like even crypto is unable to circumvent the effect of these sanctions. CryptoContinue reading “Is Russia facing a financial meltdown? This recent ban reveals…”

Recently, Ukraine’s Vice Prime Minister Mykhailo Fedorov had tweeted that a Dogecoin wallet has been added for crypto donations. DOGE joined the existing BTC, USDT, ETH, and DOT wallet addresses as the war-hit country’s donation options. Reportedly, close to $50 million have been raised so far. @dogecoin exceeded Russian ruble in value. We start toContinue reading “How the price has reacted to Ukraine accepting DOGE donations”

After becoming the first bank to dive into the metaverse, JPMorgan Chase (JPM) has announced a “strategic investment” in blockchain startup TRM Labs. On the current investment, Esteban Castaño, Co-Founder and CEO of TRM noted, “This investment clearly highlights the significance of the growing crypto economy and the importance of building trust and safety inContinue reading “JP Morgan forays into blockchain tech with this new ‘strategic investment’”

BitConnect founder Satish Kumbhani has reportedly disappeared from India, according to a Bloomberg report which cited local officials. The exchange founder was just indicted for orchestrating a Ponzi scheme by federal prosecutors. Background Back in September 2021, the Securities and Exchange Commission (SEC) filed an action against the online crypto lending platform, Kumbhani, its topContinue reading “‘Missing’ BitConnect founder presents more questions than answers for SEC”

As per WhaleStats data, Uniswap has flipped Ethereum to become the most traded token among Binance whales. At the time of writing, the token was up by 2.8% in the last 24 hours. Well, the coin was trading within a price range of $9.30 and $10.16, at press time. However, the token is still closeContinue reading “Uniswap has flipped this alt to become most traded token among BSC whales”

South Korea is in the news today after it announced that it plans to support an expanded virtual world ecosystem with an investment of 223.7 billion won or $186 million. The translated document stated, “The Ministry of Science and ICT is a world-class expanded virtual world platform for the systematic implementation of the ‘Expanded VirtualContinue reading “All you need to know about this country’s $186M plan to become metaverse leader”

Stifel’s Barry Bannister recently predicted that Bitcoin could plunge by 76% to $10,000 by 2023. Agreeing with the headwinds that Bitcoin faces in terms of monetary outlook, Gareth Soloway, President and CFO of InTheMoneyStocks.com, is also placing his high-end target for Bitcoin at $20K. During a recent podcast, he added, “Bitcoin kind of is aContinue reading “Analyst says Bitcoin might hit this old ‘peak’ again very soon”

Investors saw the crypto market factoring in the geopolitical tensions involving Ukraine and Russia into its cumulative capitalization. After falling close to $34,000 post-Russia’s invasion announcement on 24 February, Bitcoin’s price has recovered. But, it remains under the crucial level of $40,000. Interestingly, research by Bloomberg suggested that investors are now leaning towards exchange nativeContinue reading “Know why investors are considering exchanges’ native tokens over Bitcoin, Ethereum”

All you need to know about ‘developed’ Ethereum network’s (Almost) 300K validator nodes The crypto-market has seen significant price corrections since the geopolitical uncertainties of Eastern Europe gripped the globe. However, Ethereum has recovered after falling well close to $2300 on the charts on 24 February. At the time of writing, ETH was trading aboveContinue reading “All you need to know about ‘developed’ Ethereum’s (Almost) 300K validators”

A recent media report has shed light on crypto fraud that occurred last year on a dating platform. A 24-year-old Tennessee woman reportedly lost $390,000 when she started dating a person named Hao on Hinge. As per texts seen by the NYT, he persuaded her, “I want to teach you to invest in cryptocurrency whenContinue reading “Are you on dating apps and invested in crypto? Here’s what you should know”

Digital transfers affected Media reports cited circular by Ukraine’s central bank that has implemented martial law affecting digital money transfers in the country. As per the order, the issuance of electronic fiat money is expected to be off-limits for the foreseeable future, along with limited cash withdrawals, as the conflict continues to escalate. And, asContinue reading “Ukraine: Conflict raises currency concerns, citizens resort to this coin at hefty premiums”

Bloomberg reported citing sources that BlockFi Inc. might have to pay $100 million to settle with the Securities and Exchange Commission (SEC) and the state regulators. The allegations include offering a high interest-bearing product illegally via lending out digital tokens. An official statement around penalties is expected next week as the SEC tightens regulations. HereContinue reading “Report: BlockFi Inc. might have to shed $100 million to settle with the regulators”