Author: cryptossor

[ad_1] Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’ Attempts to legalize and regulate operations with cryptocurrencies are ongoing in Russia, despite the situation surrounding the military assault the Kremlin launched in neighboring Ukraine. An expert council supporting the crypto regulatory working group at the State Duma, the lower house of parliament, is meeting today to review…

[ad_1] Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken Griffin, talked about cryptocurrency and his company’s decision to enter the space in an interview with David Rubenstein on Bloomberg Thursday. The billionaire executive has long been a bitcoin skeptic. He previously described the rush to embrace cryptocurrencies as a “jihadist call” against the…

[ad_1] The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects from companies and organizations like Aave, Banco Santander, and Mercado Bitcoin were selected to be developed as examples of how a digital real could be used. LIFT Challenge Selects Nine Digital Real Projects The LIFT challenge, an initiative organized by Fenasbac and the Central Bank of Brazil, has selected nine projects which present different ideas…

[ad_1] Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s deposits. Increase in the Banking System’s Interest Expenses Israel’s central bank, the Bank of Israel (BOI), has said its analysis of the proposed digital shekel’s possible impact on banking stability showed that the expected effect is not as significant as previously thought. However, the bank’s analysis notes “the decline in the volume of the public’s deposits”…

[ad_1] The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take advantage of the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it plans to occupy all of these markets to bring more engagement from fans all over the world. FC Barcelona Explores Growth Options The FC Barcelona, one of the most influential soccer clubs in Spain and Europe, has announced its intention of expanding to new business areas that include metaverse and NFTs. The expansion’s objective is increasing the…

[ad_1] PRESS RELEASE. INTERNET CITY, DUBAI, March. 5, 2022 – LBank Exchange, a global digital asset trading platform, will list Apollo Inu (APOLLO) on March 9, 2022. For all users of LBank Exchange, the APOLLO/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 9, 2022. There are many content creators such as painters, photographers, musicians and tik-tok’ers don’t have time, money or access to opportunities to make a career out of their creative passion. To address this issue, Apollo Inu (APOLLO) is building communities that help aspiring artists and content creators get the resources they…

[ad_1] G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of Seven (G7) nations are reportedly examining ways to stop individuals and companies from using cryptocurrencies to circumvent Western sanctions following Russia’s invasion of Ukraine. The G7 countries comprise Canada, France, Germany, Italy, Japan, the UK, and the U.S. Finance ministers and central bank governors…

[ad_1] The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO on the Future of Bitcoin The CEO of Devere Group, Nigel Green, has predicted that bitcoin’s price will reach $50,000 by the end of this month. Devere is an independent financial advisory and asset management firm headquartered in the UAE. The executive said on…

[ad_1] The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO Brian Armstrong shared his view on crypto usage and his exchange’s policy in a series of tweets Friday as Russia continues to wage war against Ukraine. Firstly, he emphasized that Coinbase is “not preemptively banning all Russians” from using its platform. “We believe everyone deserves access to…

[ad_1] While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market historian Daniel Yergin thinks the current warfare in Ukraine could spark major energy issues like the 1970s oil crisis. Top Economists Say Odds of Recession Are Rising, While Some Are Inclined to Believe Economic Fallout Will Be ‘Modest,’ Energy Disruptions Will Be ‘Limited and Temporary’ On Friday, USA Today author Paul Davidson explained in…