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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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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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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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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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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Hillary Clinton Urges Biden Administration to Pressure Crypto Exchanges to Block Russian Users

Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard at how they can prevent the crypto markets from giving an escape hatch to Russia, both governmental and private transactions in and out of Russia.” Hillary Clinton ‘Disappointed’ Crypto Exchanges Are Not Blocking All Russian Users Hillary Clinton, a former first lady, U.S. senator, secretary of state, and the 2016 Democratic presidential candidate, heavily criticized the Biden administration, the Treasury…

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Airbnb Looking to Support Crypto While Focusing on Free Housing for 100,000 Ukrainian Refugees

Airbnb confirms that it is looking to support cryptocurrency. The company has also offered to provide housing for up to 100,000 Ukrainian refugees. According to the European Union, about four million people may try to leave Ukraine because of the Russian invasion. Airbnb’s CEO Discusses Cryptocurrency and the Refugee Crisis in Ukraine The CEO of Airbnb, Brian Chesky, talked about cryptocurrency and his company’s efforts to help Ukrainian refugees in an interview with CNBC Tuesday. According to its website, Airbnb has about 6 million active listings worldwide, with more than…

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Data Shows Ruble-Denominated Crypto Trading Has Spiked, RUB Represents Over 2% of USDT Trades

According to reports and data stemming from ruble-denominated crypto trading pairs, Russian citizens are flocking toward cryptocurrencies amid the conflict in Ukraine. Analytical data indicates that the ruble is the sixth most traded pair with tether and tether’s fourth most traded fiat-denominated pair globally excluding two crypto assets. Report Highlights Russian Rubles Pouring Into Tether, Data Shows Binance RUB-Denominated Crypto Trading Pairs Spike 24 hours ago, Bitcoin.com News reported on ruble (RUB)-denominated crypto volumes increasing and further investigation shows the trend has continued. According to a report published by vice.com…

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Decentralized Lending Protocol Adalend Listing On: ADAPad, BSCPad, ETHPad, VelasPad, PulsePad Launchpads

While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to individuals and businesses alike; nevertheless, it’s been plagued by trust and transparency issues. The decentralized nature of blockchain technology has led to the rise of a new generation of financing platforms like ADALend, aiming to solve…

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Hacker Group Anonymous Vows to Disrupt Russia’s Internet — RT Websites Become ‘Subject of Massive DDoS Attacks’

The international hacktivist collective known as Anonymous has vowed to attack Russian government websites over the recent Ukraine invasion. So far Anonymous says that it hacked the Russian Ministry of Defense database and various state-operated television channels in Russia. Additionally, a spokesperson from Russia Today (RT) said that after Anonymous’ recent statement, RT websites were inundated with DDoS attacks. Anonymous Aims to Laser-Kill Russian Government Websites The decentralized international collective Anonymous wants to troll Vladimir Putin and the Russian government after the country invaded Ukraine last week. “Russia may be…

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Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked

The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS) consensus algorithm. The Ethereum community has been running a parallel system that leverages PoW and…

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Technical Analysis: AVAX, WAVES and Near Trade Over 20% Higher on Tuesday

AVAX, NEAR and WAVES were undoubtedly some of the biggest gainers on Tuesday, as crypto markets were over 14% higher as of writing. LUNA was also higher, and climbed by as much as 22% in today’s market session. WAVES WAVES was easily the biggest gainer during Tuesday’s trading session, as it rose by as much as 46% on the day. Today’s rally in WAVES/USD saw prices climb to their highest level since December 17, hitting the long-term resistance point of $19.60 in the process. This surge comes as the ceiling…

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Coinbase ‘Will Not Institute a Blanket Ban’ on All Transactions Tied to Russian Crypto Addresses

The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary Russian users. Coinbase, Coinberry, and Kucoin Follow Binance’s and Kraken’s Decision to Refuse ‘Sabotaging Ordinary Russian Users’ On Tuesday, reports indicate that the Russian invasion has escalated after peace talks at the border between Ukrainian and Russian officials failed. A 40-mile military convoy is surrounding the capital of Kyiv and reports show that…

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Bitcoin, Ethereum Technical Analysis: ETH Over $3,000, BTC Nears $45,000 as Bulls Return

Ethereum climbed over the $3,000 level on Tuesday, as crypto bulls returned in full force, following weeks of market tension. Bitcoin also rallied, with prices nearing $45,000 and cryptocurrency markets as a whole trading over 14% higher. Bitcoin The world’s largest cryptocurrency was one of the biggest gainers in the top ten on Tuesday, as bullish sentiment once again returned to markets. Following a low of $39,649.06 yesterday, BTC/USD hit an intraday high of $44,793.60 earlier in today’s session. As of writing, BTC is up 15.20% on the day, with…

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Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon

Having already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as well. The country intends to expand the list of accepted coins as it increasingly relies on help from the crypto community to fund its defense against Russia. Ukraine Posts DOT Address, Receives First Polkadot Donations In the face of an ongoing military assault by the Russian army, Ukrainians have offered crypto users around the world another option to support their cause. Early on Tuesday, the Ukraine Twitter account published a DOT…

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Cardano-Powered Flickto Looks to Be the Solution to Today’s Unfair Media Landscape and Aims to Become the Pioneer of DeMe

PRESS RELEASE. Media firms should often be open source and controlled by stakeholders like consumers, artists, and their intermediaries. Decentralized Media’s (DeMe) goal is to build open-source platforms that allow individuals to gain ownership over their data and the media projects that are sponsored and eventually consumed. To that end, Flickto is a solution to the problems produced by today’s media landscape which regularly involve squandered funds, failure to create films and other kinds of Media for the public, and enable big money to dictate the media we consume. ISPO…

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Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds

Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order Israel’s Defense Ministry recently seized cryptocurrency wallets belonging to businesses that are associated with Al’matchadun currency exchange. The wallets had crypto assets worth thousands of dollars or tens of thousands of shekels. The Defense Ministry alleges the seized funds were en route to Hamas, which the U.S. State…

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SEC to Crypto Companies: There Are Benefits to Self-Reporting Violations and Working With Us

The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting that there will be no amnesty, the SEC enforcement director said, “We’ll view their conduct more favorably if they come in — such as what the remedies will look like.” No Amnesty for Crypto Firms Cryptocurrency companies that self-report violations of security laws to the U.S. Securities and Exchange Commission (SEC) cannot expect amnesty but there are some benefits, Gurbir Grewal, the…

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Binance Donates $10 Million to Support Ukrainians, Launches Crowdfunding Initiative

Binance, the biggest cryptocurrency exchange by trading volume, has announced a series of humanitarian aid actions it will take to support Ukrainians. The exchange stated it will donate a minimum of $10 million to help the Ukrainian people through the Binance Charity Foundation. Binance also announced it was kickstarting a crypto-first crowdfunding site to coordinate donations to the Ukrainian cause. Binance to Offer Humanitarian Donation to Ukrainians Binance, one of the leading exchanges in the cryptocurrency sphere, has announced its intentions to help the people of Ukraine in light of…

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