Ukraine has scrapped a plan to reward people who donated to its fight against a Russian invasion with newly created crypto assets, following complications with the project. The official verified Twitter account for Ukraine said on Wednesday it planned to issue a so-called “airdrop,” a common tool for early-stage crypto Read more…
Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions imposed on Russia, expressing concern that digital assets could be used to undermine U.S. foreign policy goals. In a letter sent to Treasury Secretary Janet Yellen, Warren Read more…
The Russian invasion of Ukraine has been marked both by brutality and stunningly modern turns — from threats to crash the International Space Station and chaotic cyber vigilantism to the ambiguous role that cryptocurrency is playing on both sides of the war. Now, Ukraine has taken a page out of Read more…
The West’s initial salvo of financial sanctions against Russia failed to deter President Vladimir Putin from launching a full-scale invasion of Ukraine. Now the United States is taking a punitive approach, announcing another round of sanctions meant to tighten the screws on Russian banks and “corrupt billionaires.” But some experts Read more…
Bitstamp, Europe’s largest cryptocurrency exchange, says it has handed over information on some of its customers to the UK’s intelligence agencies, MI5 and MI6. The news suggests that bitcoin and other cryptocurrencies are being used in serious organised crime and terrorism, as well as domestic crime. The Security Service, also Read more…
China announced powers to jail those found guilty of raising funds via token sales as it expands its crackdown on crypto. China’s highest court amended its interpretation of the country’s Criminal Law to make raising money from the public through “virtual currency” illegal, according to a statement today. The amendment Read more…
The hottest spot in crypto right now is coins with prices that don’t move. Stablecoins, cryptocurrencies which peg their value to assets such as the U.S. dollar, have ballooned in size over the past few months as Bitcoin and other coins whipsaw. The total market capitalization of stablecoins currently stands Read more…