Blockchain forensics firm finds millions in sanctioned crypto wallet
Elliptic has discovered a dubious crypto wallet with “significant crypto-asset holdings” in the millions of dollars. Go to Source Powered by WPeMatico
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Here’s how Asian countries deal with crypto sanctions against Russia
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms. Go to Source Powered by WPeMatico
Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.
The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president. Go to Source Powered by WPeMatico
Bitcoin could crush Russian ruble by rising another 140%, classic technical setup suggests
The bullish outlook appears as the Russian central bank imposes stricter capital controls on its citizens, including a ban on using rubles to buy the U.S. dollar. Go to Source Powered by WPeMatico
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point … Read more
Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global Economy
Over the last week, the United States and president Joe Biden’s administration tightened sanctions against Russia a great deal. The U.S. banned Russian energy imports, a number of other types of imported goods, and a series of harsh financial sanctions against Russia. In the midst of a restricted global economy, the top two privacy-centric crypto … Read more
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, … Read more
US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia
Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs Group and JPMorgan … Read more
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position. Go to Source Powered by WPeMatico
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money … Read more