Cointelegraph By Tom Mitchelhill
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions.However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over 50% from recent figures and a peak of...
Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion. According to a blog post from Optimism, the Layer 2 (L2) solution has saved users of the Ethereum network over $1...
Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club. The developer of...
In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry. They suggest...
The US Department of Labor (DOL) has told 401(k) investors to "exercise extreme care" when dealing with cryptocurrencies and other digital assets citing fraud, theft, and financial loss as “significant risks”. In a compliance report, released on Thursday, the DOL offered a stark warning to employers that seek to...
Blockchain-data analysis firm Chainalysis has announced the fast-tracked launch of two primary ‘sanctions screening’ tools that it will provide free of charge to the cryptocurrency industry. According to the report provided by Chainalysis on March 10, the screening tools include two main components of new tracking software that will...
The stock prices of crypto-related companies have jumped as the broader market reacted positively to President Joe Biden’s long-awaited executive order requiring US federal agencies to create a regulatory framework for digital assets, as well as exploring a future digital dollar. Coinbase (COIN) surged, up 10.5% at market...
Binance is looking to diversify its business interests by acquiring company’s outside the scope of cryptocurrency, according to a report from the Financial Times. “We want to identify and invest in one or two targets in every economic sector and try to bring them into crypto,” said Binance CEO...
Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried's Alameda Research, and Three Arrows Capital.Dryden Brown of New York University, and Charlie Callinan of Boston College, co-founded Praxis, formerly Bluebook Cities...
Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions. When Bitcoin rallied over 15% last week, some industry experts attributed the surge to Russians buying cryptocurrency in the...
