Compound Treasury receives B- credit rating from S&P Global Ratings
Though the protocol offers an arguably lucrative yield of 4% per year, it’s only available to accredited investors as of now. Go to Source Powered by WPeMatico
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Deribit and OKX attract significant traffic from China despite a blanket ban: report
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk. Go to Source Powered by WPeMatico
Quelle surprise: Central African banks scold the CAR for Bitcoin adoption
The Central African Republic adopting crypto puts monetary stability in “peril” according to a letter from the Governor of the Bank of Central African States. Go to Source Powered by WPeMatico
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase … Read more
Understanding staking pools: The pros and cons of staking cryptocurrency
A popular investing strategy for long-term crypto investors, staking pools promise a regular income stream for the tokens staked with certain riders. Go to Source Powered by WPeMatico
Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, … Read more
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing financial uncertainty, Ponzi … Read more
Utah Governor approves of blockchain and digital innovation task force
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies. Go to Source Powered by WPeMatico
Apartment Sold for Bitcoin in Portugal After New Regulation Allows Property Deals in Crypto
An apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin for Apartment in Braga, Portugal A three-room (two-bedroom) … Read more
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility of bitcoin and the like. Crypto Assets Not Viable Option for Sanctioned Russia, Moody’s Report Suggests … Read more