Finland has sold 1889.1 Bitcoin (BTC) from its confiscated stash, earning roughly $48 million, Bloomberg News reported July 21. Reports revealed that the sold Bitcoins were connected to digital assets seized by the authorities for facilitating narcotics and doping substances transactions. Bloomberg reported that the confiscated Bitcoin units went as far back as 2018 and…
Announced in a blog post published on Tuesday, April 12, the Belarusian crypto exchange Currency.com says it will restrict its services for Russian users following Vladimir Putin’s invasion of Ukraine earlier this year. “The Russian invasion of Ukraine brought violence and disorder to the people of Ukraine. We condemn the Russian aggression in the strongest…
The ongoing war in Ukraine has firmly placed the importance of assets like Bitcoin and gold in the front seat of the global financial system, according to financial asset management firm VanEck. The firm believes that under an extreme scenario where gold or Bitcoin becomes the reserve currency of the world, the value of the digital…
Anyone who seeks to help Russia bypass economic sanctions will be held accountable by the US government, says Deputy U.S. Treasury Secretary Wally Adeyemo. This follows the punitive measures that the US and its allies have imposed on Russia for its decision to invade Ukraine. Treasury Department warns anyone against helping Russia bypass sanctions Since…
As Russia’s war in Ukraine continues, cryptocurrencies are taking on an important role in the conflict, but not in the capacity of evading sanctions on Russian entities or oligarchs. On the contrary, crypto has proven itself to be very useful in supporting Ukraine as users around the world have donated over $56 million in cryptocurrency…
News of Russia’s invasion of Ukraine on February 24 saw the value of Bitcoin tanking along with that of other cryptocurrencies. However, the crypto market has since shown a resilience that many crypto analysts have always talked about as the prices of these digital assets have recovered, but they are now trading at a much…
Last week U.S. Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine. In short, the Digital Asset Sanctions Compliance Enhancement Act of 2022, as…
As the conflict in Ukraine takes on new dimensions, Dfinity founder Dominic Williams has suggested a solution to end the conflict. However, there’s a catch. It’ll cost at least $250 million and relies on Russia not shutting down its internet. He posted the proposal, titled “Proposal to hasten the end of attacks on Ukraine using…
Necaxa, a Mexican professional soccer club in Liga MX, will be auctioning its Bored Ape NFT and donating 100% of the proceeds to organizations that support Ukrainian refugees. Apes for Ukraine Necaxa was one of the first major soccer teams to jump onto the NFT bandwagon, having created the first NFT tied to ownership interest…
Most markets saw a significant increase this morning fueled by an FT report that said Russia and Ukraine were drawing up a neutrality plan to end the war. However, a major correction ensued in a matter of hours as the Ukrainian government disputed the report saying the “peace plan” was actually the requesting position from…