On Wednesday, President Joe Biden signed an executive order regarding cryptocurrencies that directed federal agencies to work together to address the issue.
Binance CEO Is Opposed to Banning All Russian Users
Changpeng Zhao has said that Binance, the company of which he is CEO, will comply with regulations targeting various Russian businessmen. Zhao, however, says that the company will not extend restrictions to all Russian users. Zhao claims that it would be something “unethical for us to do.” The CEO of the crypto exchange says that such measures should not be taken unilaterally. In other words, Zhan has confirmed there will be no full-scale Russian ban from Binance. Various Russian businessmen, dubbed oligarchs, are targetted with sanctions. These come in an attempt to stop Russia’s invasion of neighboring Ukraine. The military...
Ukraine Is Accepting Crypto Donations to Aid Those Affected by the War
According to Michael Chobanian, founder of the Kyiv-based cryptocurrency exchange Kuna, at least $14 million has already been disbursed from the $26 million in crypto that the Ukrainian government raised during the Russian invasion.
Bitcoin Dips Even More as Russia Moves South
The price of Bitcoin has experienced a bumpy ride since its November 2021 peak, but it was somehow steady during the second week in February. However, analysts predict a volatile few more weeks, especially during the ongoing European crisis.
Circle, the Company Behind USDC, Increased in Value to $9 Billion
Circle’s value increased to $9 billion after a deal with Concord Acquisition Corp. Circle is the company behind one of the main stablecoins in the crypto space, USDC.
Warren Buffett Has Invested in Crypto-Friendly Bank. Is This an Endorsement From the Sage of Omaha?
Famously, Warren Buffett once referred to all cryptocurrencies as “rat poison“. Don’t take the Sage of Omaha’s words as gospel just yet. Mr. Buffett seems to have had a change of heart. Warren Buffet‘s Berkshire Hathaway purchased $1 billion of stock in a digital banking institution that focuses on cryptocurrency. Berkshire Hathaway announced its crypto investment through a SEC filing. It was revealed that Buffett’s firm had bought $1 billion worth of shares in Nubank, a Brazilian digital bank and one of the most important in Latin America. After a bullish quarter that saw an all-time high of $63,000 per...
JPMorgan Joins the Metaverse
JPMorgan, America's largest bank, announced that it is the first lender to enter the metaverse, and opened a lounge in Decentraland – a virtual world built on blockchain technology.