Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
The bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1. Go to Source Powered by WPeMatico
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Bitcoin average transaction fees lowest in two years at $1.04
The average BTC transaction fee saw a steady decline from an all-time high of $62.788 in April 2021 before coming down. Go to Source Powered by WPeMatico
Crypto.com’s Cronos partners with Chainalysis to track CRC-20 tokens
Launched in late 2021, the Cronos network has amassed over 450,000 DeFi and NFT users, requiring proper compliance tools. Go to Source Powered by WPeMatico
Crypto mixers’ relevance wanes as regulators take aim
Cryptocurrency mixers offer users a higher level of privacy and anonymity for their transactions, but often run into trouble with regulators. Go to Source Powered by WPeMatico
The evolution of blockchain: Transactions, contracts and applications
Blockchain technology is more than just Bitcoin. Let’s examine the evolution of Nakamoto’s brainchild. Go to Source Powered by WPeMatico
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions over … Read more
How crypto became a major source of relief for embattled Ukraine
Illia Polosukhin, Ukraine-born crypto entrepreneur and Near protocol co-founder, explains how crypto has become an invaluable instrument for supporting Ukraine’s resistance. Go to Source Powered by WPeMatico
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards. Go to Source Powered by WPeMatico
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions. Monetary Authority Urges Banks to Control Spending Linked to Crypto Assets The Central Bank of Russia (CBR) … Read more
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms … Read more
