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…
Ethereum cofounder Vitalik Buterin has said many crypto developers wouldn’t be unhappy to see a continued slide in the price of digital currencies, as the slump could clear out less-viable projects. Cryptocurrencies have fallen in recent weeks alongside stocks, as investors grow more cautious about taking risks given persistent rises Read more…
“Vice examines the toll on mental health experienced by people who invest a large portion of their net worth into volatile cryptocurrencies,” writes long-time Slashdot reader leathered. Vice argues that “The stress and anxiety that goes with funneling your life savings into a volatile market is no joke.” Countless people Read more…
Wall Street institutions’ growing connections to crypto markets could threaten financial stability and cause a credit crunch-style financial crisis, global regulators have warned. The Financial Stability Board said (PDF) “ongoing vigilance” of institutional investors such as big banks and hedge funds is needed as they deepen their involvement in the Read more…