Crypto

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Russia Starts Developing Mechanism for International Crypto Payments

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Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments. Regulators in Russia Move Toward Legalizing Use of Cryptocurrency in Foreign Trade Russian authorities … Read more

Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

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The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to … Read more

Crypto Markets Remain Flat This Weekend as Bitcoin and Ethereum Lose Trading Volume

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After struggling with prices all week, Bitcoin and Ethereum remain flat as trading volume drops this Saturday significantly. The global cryptocurrency market cap remains below the $1 trillion level, currently at $943 billion. This signals the bears are on the playing field, and with last week’s 0.75% interest rate hike by the Fed, the market … Read more

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

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The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading … Read more

South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

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The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of … Read more

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

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Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country. President Erdogan … Read more

BTC and ETH Prices Struggle as Fed Interest Rate Hikes Obliterate Global Markets

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After a brief bullish run and recovery on Thursday, Bitcoin and Ethereum prices continue to struggle with support. This week’s 0.75% Fed interest rate hikes created significant bearish momentum for global and crypto markets. It’s not surprising that crypto markets show little improvement this Friday as stocks opened in the red, with the Dow Jones … Read more

Binance Creates Global Advisory Board to Tackle Regulatory Challenges

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An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto Exchange Binance Secures Qualified Advice on Regulatory Matters Binance, the world’s leading digital asset exchange … Read more

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