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Coinbase blocks cryptocurrency wallets tied to Russian illicit activity

Some wallet companies, such as Binance, have stated they won’t get involved in the Russia-Ukraine conflict. However, Coinbase is taking action. It announced Sunday that it had blocked over 25,000 cryptocurrency wallet addresses associated with Russian entities or individuals it believed to be involved in illicit activity. Paul Grewal, Coinbase’s chief legal officer, stated in […]

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Ukraine has now collected over $52 million in cryptocurrency to help it fight Russia

As cryptocurrencies like Bitcoin have risen in value, crypto donations to Ukraine’s government and other organizations have reached $52 million. This financial support is provided as Ukraine resists Russia’s military invasion, which began last Thursday. Up to $35 million was raised by the Ukrainian government by Wednesday. The remainder was raised by organizations supporting the […]

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Ukraine receives cryptocurrency donations to fight Russian invasion

As of Monday morning, $20 million in cryptocurrency had been donated to support Ukraine’s resistance against the Russian invasion. This is after the country’s official Twitter handle shared two cryptocurrency wallet address addresses on Saturday. Through these addresses, it could receive donations of Bitcoin or Ethereum. The conflict between Ukraine and Russia is currently raging. […]

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Russia using cryptocurrency to avoid US sanctions

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 […]

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Russian government to increase oversight of cryptocurrency mining

The Russian State Duma established a working group to deal with the complicated issue surrounding the formation of regulations for the cryptocurrency mining sector. Vyacheslav Volodin, the Chairman of the State Duma, on November 11, instructed the legislature to create a group that would address regulatory gaps in this industry. Andrei Lugovoy, the First Deputy […]

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