US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday: Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain.…

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Jan. 6 committee says Trump violated multiple laws in effort to overturn election

The Jan. 6 select committee says its evidence has shown that then-President Donald Trump and his campaign tried to illegally obstruct Congress’ counting of electoral votes and “engaged in a criminal conspiracy to defraud the United States.” In a major release of its findings, filed in federal court late Wednesday, the committee suggested that its evidence supported findings that Trump himself violated multiple laws by attempting to prevent Congress from certifying his defeat. “The Select Committee also has a good-faith basis for concluding that the President and members of his…

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Jan. 6 probe points lawmakers more and more toward GOP colleagues

There’s only a few weeks left until the lawmakers investigating the Capitol attack intend to hold their first public hearing — and they’re redoubling their focus on how their own GOP colleagues may have helped Donald Trump’s efforts to subvert the 2020 election. Recent court filings, subpoenas and conversations with members of the Jan. 6 select committee show they’re homing in on interactions that Republican members had with Trump and his allies in the weeks preceding the riot. One critical pressure point is the committee’s search for communications between members…

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‘The tip of this mob’s spear’: Prosecutors begin first Jan. 6 trial

When Guy Reffitt, a Texas militia member charged with storming the Capitol on Jan. 6, 2021, advanced on Congress, prosecutors say, he did it with specific targets in mind: Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell. A Justice Department lawyer laid out the case against Reffitt in opening remarks Wednesday at Reffitt’s criminal trial, the first to emerge from the Jan. 6 attack — with the government describing the mob assault on Congress in stark, foreboding terms. “The heart of democracy was attacked by a mob in what…

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Feds net first guilty plea in Jan. 6 seditious conspiracy case

Joshua James, one of the 11 Oath Keepers militia affiliates indicted earlier this year on a charge of seditious conspiracy alongside the group’s founder, Stewart Rhodes, on Wednesday became the first person to plead guilty to the sedition-related charge in connection with the storming of the Capitol on Jan. 6, 2021. Under a plea deal revealed at a hearing on Wednesday evening, James has agreed to cooperate with prosecutors, who appear to view him as an important witness against Rhodes. During the hearing before U.S. District Court Judge Amit Mehta,…

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Texas delivers a mixed message to the left

Progressives needed a good election night in Texas. They got something just short of that. A liberal candidate won a closely watched congressional primary in Austin and another is headed to a runoff in a Dallas-area House race with a big lead. But the left was unable to deliver a knockout blow to the incumbent conservative Democrat they’ve been targeting for years. Progressives had hoped a clean sweep of three House seats on Tuesday would give them a burst of momentum at the outset of a primary season that will…

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Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War

Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, explained why the price of bitcoin has been rallying in an interview with CNBC Tuesday as the crisis between Russia and Ukraine escalates. Prior to starting his own company, Mobius was executive chairman of Templeton…

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UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said. Floki Ad Banned in the UK The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, published its “Ruling on Floki Inu” Wednesday. The advertising authority began investigating an ad campaign for floki inu (FLOKI), the cryptocurrency inspired by Elon…

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‘Help Ukraine’ Scams Appear as Country Seeks Crypto Donations, Report Reveals

Scams have started exploiting the desire of many in the crypto community to support Ukraine’s efforts to withstand Russia’s military assault and help its citizens endure the conflict. As the country is raising millions in bitcoin, a report has indicated that fraudulent schemes luring donors to “help Ukraine” with cryptocurrency are on the rise. Crypto Scams Entice Prospective Donors to Support Invaded Nation People who wish to send cryptocurrency to the Ukrainians defending their country against a military operation launched by Russia, may fall into a trap set by phishing…

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The U.S. is pushing Russians to defy Putin. But don’t call it regime change.

The United States is trying to take advantage of growing fissures in Russian society as an increasing number of that country’s citizens express opposition to dictator Vladimir Putin’s invasion of Ukraine. The U.S. strategy is often blunt and relies on information war tactics, such as President Joe Biden’s direct appeals to the Russian people or the State Department’s new Russian-language Telegram account, unveiled just days ago. But it likely also includes some clandestine elements, according to former intelligence officials, such as stepped-up efforts by American spies to recruit informants within…

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What the Fed’s Powell thinks about inflation and Ukraine

Federal Reserve Chair Jerome Powell on Wednesday offered unusual clarity for lawmakers about the prospects of higher interest rates this month, while warning that Russia’s invasion of Ukraine presents a huge unknown for the economy. Powell, in particularly stark terms for the head of the U.S. central bank, said the Fed is likely to raise its benchmark federal funds rate a quarter percentage point when it meets March 15-16. But he said it’s too soon to tell how geopolitical risks — including the potential for higher prices, financial market instability…

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Phillips Auction Featuring Basquiat Painting Worth $70M to Accept Bitcoin, Ethereum Payments

On May 18, the auction house Phillips will be hosting an evening sale featuring the work of the American artist Jean-Michel Basquiat. Phillips’ Evening Sale of 20th Century & Contemporary Art will auction Basquiat’s “Untitled, 1982” piece worth an estimated $70 million. According to the announcement, Phillips has revealed the auction will accept ethereum or bitcoin for the artwork. Phillips to Accept Bitcoin and Ethereum for Jean-Michel Basquiat Art Auction The renowned art collector Yusaku Maezawa and the 225-year-old auction house Phillips will be hosting an art auction on May…

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Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday

Fantom was trading by almost 10% higher during Wednesday’s session, as the crypto market was marginally up. Despite this, there were a few notable bears, THETA being one of them and was down by as much as 5% earlier in the session. Biggest Gainers Fantom was one of Wednesday’s biggest bulls, and was up close to 10% earlier in today’s session, cementing its place as the world’s 30th largest cryptocurrency. Today’s rally in FTM/USD came as prices rose from the long-term support of $1.51, and look set to move towards…

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Ukraine Adds Dogecoin to List of Accepted Cryptos, Prime Minister Asks DOGE Co-Founder and Elon Musk to Donate

According to a Twitter announcement stemming from Ukraine’s vice prime minister, Mykhailo Fedorov, the Ukrainian government will now accept dogecoin donations. Fedorov highlighted that meme assets like dogecoin are worth more than the Russian ruble and “even [memes] can support our army and save lives from Russian invaders.” Ukraine Vice Prime Minister: ‘Even Memes Can Support Our Army’ Following the acceptance of polkadot (DOT) on March 1, the Ukrainian government is now poised to take dogecoin (DOGE) donations as well. Mykhailo Fedorov, the country’s vice prime minister, announced the government…

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Putin withstood sanctions before. The West came back with a better plan.

The last time Russian President Vladimir Putin sent troops into Ukraine, U.S. sanctions tipped the Russian economy into recession. This time, the Americans and their European allies have leveled penalties that could lead to a full-on economic collapse. While the blows against Russia by Western governments following last week’s invasion of Ukraine are potentially crippling, the seeds of the response were planted in 2014 after Moscow’s seizure of Crimea, when those who are today driving U.S. sanctions policy held more junior roles in the Obama administration. The 2014 penalties were…

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Opinion | Why Didn’t Putin Invade Under Trump? It Wasn’t Personal.

Now that Russian President Vladimir Putin has launched a ground war against Ukraine that he apparently has been planning for years, many have wondered why he waited until now. After all, the four years of Donald Trump’s presidency were an ebb tide of American power and influence, and Trump himself frequently went out of his way not to antagonize the Russian leader. Wouldn’t it have been easier for Putin to invade Ukraine when Trump was president? The United States had abdicated its traditional leadership role in global alliances and left…

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Russia crisis could sink the International Space Station

Russia’s invasion of Ukraine could jettison NASA’s plan to extend the operating life of the International Space Station — and could even spell its more imminent demise. Russian space agency Roscosmos said Tuesday that it has authority to operate for only two more years and “the issue of extending the agreement in the current conditions causes our skepticism.” Backing out of the partnership could be catastrophic for NASA and its other international partners, which are heavily dependent on Moscow for key sections of the orbiting laboratory and to carry out…

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Lucrosus Capital CEO Piotr Barbachowski Explains the Benefits of Decentralized Venture Capital

Lucrosus Capital is the first gamified Decentralized Venture Capital (DeVC) providing institutional benefits to individual investors through its own token. Tokenization allowed this project to truly make investing decentralized. Due to the application of unique blockchain features, investments will be accessible with basically no threshold as well as will be anonymous. Everyone who holds the $LUCA token will be able to take advantage of utilities like direct and indirect exposure on investments made by Lucrosus Capital. Piotr Barbachowski is the Founder and CEO of Lucrosus Capital. He recently joined the…

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Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks

On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such as the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and more. CCAF Launches 2-Year Research Effort Focused on the Digital Asset Ecosystem Since 2015, the organization CCAF has been dedicated to the study of technology-enabled and innovative instruments such as cryptocurrencies. To date, CCAF has published over 40 industry and…

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Bitcoin, Ethereum Technical Analysis: BTC Surge Stalls at Key Resistance Level

Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as markets hit a key resistance point. This comes as ETH was once again trading below the $3,000 level. As of writing, the crypto market cap is down 1.87%. Bitcoin BTC bulls ran into a stumbling block on Wednesday, as traders appeared to once again short the world’s largest cryptocurrency. Following a high of $44,793.60 yesterday, BTC/USD hit an intraday low of $43,307.96 earlier in today’s session. BTC is down 2.42% on the day, as of writing, and is…

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Skate Punks Club NFT Sales – March 4 and 5, 2022

PRESS RELEASE. Skatepunks is a collection of 10,000 unique characters designed and minted as NFTs. Created out of love for SK8 and street-art culture assembled from hand-drawn parts such as jacket hoodies, skateboards, various metal outfits, awesome backpacks, tin faces, rare sneakers, digital accessories and many more vanity items. Each piece is as unique as you are! They already have many legendary partners like ALPACADABRAZ, The Doge Pound, DexTools, Cybernites and Kryxivia for their closed fashion store, which will be released a few weeks after the drop. Benefits of owning…

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EU Data Act Proposes Shutdown Function for Smart Contracts

The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the subject of smart contracts and proposes that every smart contract should have a termination function to stop the flow of transactions when required. Smart Contracts Might Be Stifled by EU Data Act The newly proposed EU Data Act, published on February 23, aims to regulate and control the ways in which data is…

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South African Mobile Network Operator MTN Buys Land in the Metaverse

Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN Seeks to ‘Amplify Consumers’ Digital Experiences’ South Africa’s mobile network operator, MTN, recently bought 144 plots of digital land in the Ubuntuland metaverse, a report has said. The purchase reportedly makes MTN one of the first companies from South Africa to enter the metaverse. As the Mybroadband report explained, MTN…

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Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise

Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of Russia’s military invasion. Ukrainians Get Starlink Internet Amid Ongoing Russian Offensive Ukraine has received a batch of terminals needed to connect to the satellite internet constellation Starlink. The network is operated by Spacex, the aerospace manufacturer founded and managed by U.S. tech entrepreneur Elon Musk, and offers high-speed broadband internet…

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Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension

Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly dependent on services provided by Russian banks. Russian Banks’ SWIFT Expulsion Could Affect Venezuela The recent announcement of the expulsion of some Russian banks from the SWIFT payments system has raised concern about the effects…

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Congress returns to normal-ish for Biden’s speech — with cheers, jeers and viral moments

There’s a war in Europe and economic angst at home, but President Joe Biden’s State of the Union brought Democrats closer to the backdrop they’ve craved ever since he was elected: normalcy. Hundreds of lawmakers crammed into the House chamber Tuesday night, almost entirely maskless for the first time in Biden’s presidency — although somewhat distanced, despite falling Covid cases. Perhaps the clearest sign that Congress is regaining something of its old rhythms this year, though, was the tried-and-true partisanship that greeted the speech. When Biden declared that “we are…

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Biden to America: ‘We’re going to be OK’

President Joe Biden unfurled a resolute defense of democracy in his first State of the Union address on Tuesday, declaring that the United States would act as a leader for the free world as it rallies with Ukraine against a brutal Russian invasion. With a war raging an ocean away, Biden vowed that the United States would emerge from years of division and disease to protect and expand freedoms at home and abroad. “While it shouldn’t have taken something so terrible for people around the world to see what’s at…

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Opinion | A Tale of Two Speeches in Biden’s State of the Union

The Joe Biden who began his first State of the Union speech Tuesday night was someone we have not seen very much of: a passionate, strong-voiced speaker, seeking a united, free world and hailing his administration’s response to Vladimir Putin’s aggression. “I spent countless hours unifying our European allies,” the president noted. “We shared with the world in advance what we knew Putin was planning and precisely how he would try to falsely justify his aggression.” And while Biden’s adversaries will gleefully note his unintentional substitution of “Iranian” for “Ukrainian”…

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UAE Property Developer DAMAC to Launch Metaverse Project in March Says Managing Director

One of the United Arab Emirates (UAE)’s leading real estate property developers, DAMAC Properties, is planning to launch a project in the metaverse soon, the company’s managing director (MD) has said. DAMAC Looking Into NFTs and Metaverse According to Ali Sajwani, the managing director of the real estate property developer DAMAC Properties, his company is planning to start a project in the metaverse sometime in March. The project, if launched, will be a first for the London Stock Exchange-listed property developer. Sajwani’s confirmation of the company’s planned foray into the…

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