Hong Kong-based Animoca Brands has shuttered its services to Russian users saying it is relying on legal advice that equates Western sanctions against Russian entities to the blanket sanctions against North Korea, Bloomberg reported on Wednesday. See related article: Binance may join sanctions imposed on Russian targets Fast facts “The legal advice we’ve been receiving…
South Korea’s financial regulator revealed Tuesday that 58% of the country’s 5.58 million cryptocurrency traders are in their 30s and 40s. See related article: S.Korea crypto market growing but needs promotion, not just regulation: BCG Fast facts South Korea’s Financial Intelligence Unit released its first report on the local US$45.8 billion crypto market. South Korea…
The global cryptocurrency market cap recovered above US$2 trillion since dropping below the mark in mid-February, in a US$200 billion 12-hour run. See related article: Bitcoin, crypto market tank as Putin declares war on Ukraine Fast facts Bitcoin’s price jumped over US$2,000 in a 10-minute window from 6:30 am HKT Tuesday to mark a ceiling…
Cryptocurrency donations to Ukraine through government and private channels have topped US$36 million as contributions continue to mount throughout the Russian invasion. See related article: Binance may join sanctions imposed on Russian targets Fast facts The Ukrainian government has received 113 BTC and 2,001 ETH, totaling almost US$10 million, as of press time. Binance has…
Binance is working to comply with sanctions on Russia imposed by Western governments following the invasion of Ukraine. See related article: Bitcoin donations for Ukraine military surpass $1M Fast facts “We have assembled a dedicated global compliance task force, including world-renowned sanctions experts, and are taking the steps necessary to ensure we take action against…
Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.
Trading volume in Ukrainian crypto exchange Kuna has more than tripled by Friday since Russia invaded the Eastern European nation, according to CoinGecko data. See related article: Bitcoin, crypto market tank as Putin declares war on Ukraine Fast facts The 24-hour trading volume at Kuna was at around US$1.5 million on Thursday morning Asia time,…
Terra LUNA is continuing its bullish trend from where it left off on Wednesday, up almost 7% to trade at $59.39 on Thursday morning, Asia time. Fast facts See related article: Is Terra — whose LUNA coin is now at another all-time high — really where the smart money is? The currency has been as…
When the world’s biggest crypto exchange acquires a major stake in the business publication it once sued for defamation, should we worry?