Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted

Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions LiftedAmid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019 by the Trump administration […]

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Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev Says

Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev SaysAuthorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continues to expend penalties imposed on Moscow over its military invasion of neighboring Ukraine. Medvedev Warns Persons and Entities From ‘Hostile’ Nations May Lose […]

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Mercado Livre Bans Cryptocurrency Listings Following $750 Million Investment From Paypal

Cryptocurrency listings have been prohibited from publication on Mercado Livre, also known as Free Market, following a $750 million investment into the platform from Paypal. Just prior to the announcement, more than 10,000 listings relating to virtual currencies were identified on the platform. Also Read: Why Africa Continues to Lag Behind in Cryptocurrency Adoption Latin […]

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Google Bans Cryptocurrency Mining Apps From Play Store

Google Bans Cryptocurrency Mining Apps From Play StoreIn the Google’s latest move against virtual currencies, cryptocurrency mining apps have been banned from the Google Play Store. Despite the ban, Google has indicated that it will continue to permit mining apps that mine for cryptocurrency from outside of a device, such as cloud-based mining. Also Read: Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts […]

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Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

Australian Bank Bans Use of Mortgaged Funds for Crypto SpeculationOne of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia. Also Read: Tether Announces Appointment of New Chief Compliance Officer Bank of Queensland Cracks Down on […]

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P2P Trade Spikes in Canada Amid Bank Restrictions on Crypto Transactions

P2P Trade Spikes in Canada amid Bank Restrictions on Crypto TransactionsThe volume of P2P bitcoin trade in Canadian dollars has increased significantly since leading banks in the country imposed bans on crypto-related transactions. Toronto-Dominion Bank, the Royal Bank of Canada, and more recently the Bank of Montreal have limited or prohibited the use of their services and products to acquire cryptocurrencies. As a result, the […]

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More Communities Join the Legal Action against Crypto Ads Ban

More Communities Join the Legal Action against Crypto Ads BanCryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.   Also read: Twitter Confirms Restrictions on ICOs […]

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Danske Bank Bans Investments in Cryptocurrency-Related Instruments

Danske Bank Bans Investments in Cryptocurrency-Related InstrumentsLeading Danish bank, Danske Bank, has published a document announcing that the company does not wish to “support the investment environment surrounding cryptocurrencies.” Danske bank will “phase out the possibility of” its customers purchasing financial instruments comprising cryptocurrency derivatives. Despite the bank’s concerns pertaining to the risks associated with cryptocurrencies, Danske customers will still be […]

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Companies Outsource Marketing to India Amid Ban on Crypto Ads

Companies Outsource Marketing to India amid Ban on Crypto AdsThe outsourcing of advertising is becoming a promising opportunity for many marketing firms in India. Restrictions on crypto ads, imposed by giants like Facebook and Google, are forcing crypto businesses to seek alternative ways to reach customers and investors. The high cost of these services globally is pushing more companies towards the Indian market.  Also […]

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