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The global cryptocurrency market cap is down by 1.42% today, currently at $931 billion during this indigenous people’s day. After remaining relatively unchanged throughout the weekend, Bitcoin dropped below $20k, and Ethereum is struggling to stay above $1,300. The good news is that the trading volume is up significantly this Monday, with BTCUSD’s 24-hour volume … Read more
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these transactions. Cross-Border Crypto Settlements on the Rise in Russia as US Dollar and Euro Payments … Read more
Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform Dapper Labs Conforms to Latest EU Restrictions Against Russian Federation Dapper Labs, the creators … Read more
The new crypto sanctions imposed by the European Union are likely to spur the development of the country’s digital asset market, according to a Russian lawmaker. Anatoly Aksakov, who chairs the parliamentary Financial Market Committee, believes Russians will manage to bypass the restrictions. Meanwhile, major exchanges have reportedly informed Russian users that trading continues. Russians … Read more
After holding support on Friday, cryptocurrency markets continue to trade sideways with little to no change for Bitcoin, Ethereum, BNB, and other major crypto assets. We’re not seeing any movement today because of Bitcoin’s peg with the stock market, and since global markets are closed today, BTC is waiting on the sidelines for the next … Read more
Authorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation’s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to customers from other countries as well. Crypto Exchange Binance Receives License to Operate From … Read more
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway Seeks to Save Power, … Read more
Cryptocurrency markets are showing a slight bearish correction this Friday as the global crypto market valuation dipped by $20 billion from yesterday’s $960 billion to a current level of $946 billion. While Ethereum manages to hold support above the $1,300 level, Bitcoin dipped below $20k today, as trading volume is down significantly for both crypto … Read more
An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for … Read more
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation … Read more