Archives for: February 25th, 2022

Russia using cryptocurrency to avoid US sanctions

Written by: ( February 25, 2022 )

After months of increasing tensions, Russia launched an invasion of Ukraine earlier this week. The cryptocurrency market responded violently, and Bitcoin’s (BTC) values plummeted. Many people are waiting for the West to announce harsh sanctions. Experts believe that Russia could use crypto to circumvent most of these sanctions. Russia has been targeted with severe sanctions […]

New EU financial watchdog could take leading role in cryptocurrency oversight

Written by: ( February 23, 2022 )

The European Union (EU) hopes to increase its cryptocurrency oversight efforts through the addition of more power to its upcoming anti-money laundering (AML) watchdog. This is due to concerns about illicit activities linked to digital assets. The European Commission (EC) is responsible for developing the scope and design for the new watchdog. The agency is […]

European Union amenable to cryptocurrency use, as long as its regulated

Written by: ( February 21, 2022 )

European Union amenable to cryptocurrency use, as long as its regulated Europe could be the main worldwide market for cryptocurrency, but only with characterized regulations. Talking at the Munich Security Conference 2022 on Friday, the European Union Commissioner for Home Affairs, Ylva Johansson, said she isn’t against digital currency. However, she anticipates that guidelines should […]

Soccer fans unhappy as UEFA embraces cryptocurrency fan tokens

Written by: ( February 18, 2022 )

After becoming the latest soccer organization to sign a deal with Socios.com, UEFA has been accused of siding with “crypto-mercenaries” by fans. The European governing body has reached an agreement with Socios.com to license and sponsor cryptocurrency tokens for 53 clubs around the globe. Fans can vote on club decisions and enter competitions using fan […]

Cryptocurrency exchange ByBit gets wings through Red Bull partnership

Written by: ( February 16, 2022 )

Red Bull added a $150-million partnership with Bybit to make it the largest annual cryptocurrency deal in sports. It’s the second major partnership deal for Red Bull this month, but the biggest ever involving a cryptocurrency exchange. Red Bull announced a $500-million, five-year partnership with Oracle last week. The company has now added $50m to […]

Spain updates cryptocurrency tax laws following European Union intervention

Written by: ( February 15, 2022 )

Spanish lawmakers have introduced an amendment to tax model 720 that allows cryptocurrency and other holdings to be declared abroad. This will reduce some of the associated penalties. Although the modification has yet to be approved, it changes some of the harsher penalties that the country tried to introduce. On February 10, the Spanish Parliament […]

Sotheby’s sells “alien” diamond for over $4 million in cryptocurrency

Written by: ( February 11, 2022 )

According to the Guinness Book of World Records the Enigma is the largest cut diamond in the world and it is now the face of a growing cryptocurrency. It was purchased entirely in cryptocurrency and sold at an incredible price, in accordance with its interstellar origin. After it was displayed in Dubai, the Enigma, a […]

iPhone upgrade to include cryptocurrency payments option

Written by: ( February 9, 2022 )

Apple has announced that it will launch Tap to Pay on its iPhone. This new feature transforms the phone into a point of sale device for merchants and businesses. This is another step forward for the use of cryptocurrency alongside fiat. Tap to Pay allows iPhone-owner merchants to receive contactless payments using their mobile devices […]

UN report shows North Korea built missiles through stolen cryptocurrency

Written by: ( February 7, 2022 )

The United Nations (UN) has issued a damning report of North Korea; the question is if any measures will be taken. A UN report finds that attacks on cryptocurrency exchanges are still an important revenue source for North Korea’s ongoing nuclear programs. Investigators discovered that cyber-attackers operating in the country stole more than $50 million […]

A gold-pegged cryptocurrency is coming from Japan’s largest trading house

Written by: ( February 4, 2022 )

Japanese local news agency Nikkei Asia reports that Mitsui, a Japanese trading house, is planning to issue a cryptocurrency that is gold-backed. ZipangCoin (ZPG), Mitsui’s digital currency, will be issued as early as this month. It will be accessible to retail investors via cryptocurrency exchanges. The stablecoin will be linked with gold prices at yen-denominated […]