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…
Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally. The former head of payments and settlements department at the Bank of Japan sees countries such as China exploring CBDCs to counter the dominance of US dollars. China, others could explore CBDC to counter US Dollar…
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…
Sanctions against the Russian Federation are hitting hard on the Russian nation and its businesses, financial- and payment systems, and citizens alike. More and more nations and institutions are lining up to impose sanctions, and it seems as if deeper and wider sanctions are coming. Russia has been on a mission to de-risk its dependence…
Coinbase will not be instating sanctions against its Russian users, its CEO Brian Armstrong said earlier today. Armstrong addressed the ongoing issue of banning Russian citizens from accessing cryptocurrency exchanges, saying that Coinbase won’t be preemptively banning Russians its platform. “Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed….
All eyes are on the war in Ukraine, including those of crypto traders, and for obvious reasons, of course. Crypto’s volatility over the past week has been expected while many are trying to figure out how to adjust to the geopolitical situation. It’s safe to assume that some of the buying pressure is coming from…
As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. More and more countries and international institutions are implementing sanctions, and the sanctions already in place are getting tougher on the Russian regime. While sanctions imposed on the infrastructure of traditional finance and payments have…
As the war in Ukraine continues and unfolds, with terrible consequences for the country’s population, people and organizations around the world line up to donate to the Ukrainian war effort and its military force’s defense of the country against their Russian adversary. People in the crypto space want to be no less generous with their…
More and more people are donating to the Ukrainian side of the conflict since Russia’s decision to invade the neighboring country. Most of these donations are funneled through traditional means of fundraising and donations, but significant amounts of funds are also coming in via crypto payments. As reported by CryptoSlate on Friday, while Ukraine’s Ministry…
As many have anticipated, and some feared, Western governments will be using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) payment system to tighten sanctions on Russia after President Putin’s military attack on the neighboring country of Ukraine. Western leaders agreed Saturday to impose more financial sanctions on Russia, including removing “selected Russian banks” from…