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BTC Hits $27K, Securing 9-Month High; ETH Eyes $1,800

• Bitcoin (BTC) rose back above $27,000 in today’s session, as markets reacted to the Federal Reserve’s decision to pump liquidity into the U.S. economy. • Ethereum (ETH) also surged higher in today’s session, with prices moving back above $1,700. • Both BTC and ETH have seen their 10-day and 25-day moving averages move closer […]

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Crypto Winter Hits Blockchain.com, Shuts Asset Management Subsidiary

• Blockchain.com is officially shutting down its asset management subsidiary due to economic conditions and the „crypto winter“. • The global crypto market capitalization has dropped by 6.82% over the last day to $931 billion, leading to bankruptcies and layoffs across the industry. • Blockchain.com Asset Management was created in April 2022 and had been […]

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Crypto Exchanges Accused of Letting Russians Bypass Sanctions

• Major crypto exchanges have failed to stop sanctioned Russian banks and traders from transacting. • Two digital asset exchanges have been allowing Russians to use their bank cards in peer-to-peer deals. • Binance offers many ways for Russians to convert rubles into crypto without KYC checks. Crypto Exchanges Allow Sanctioned Russians To Circumvent Restrictions […]

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Metaverse Tokens Outperform Top Crypto Assets: Decentraland’s MANA Leads the Pack

• Metaverse tokens such as Decentraland’s MANA and The Sandbox’s SAND have risen 92-150% against the US dollar in the past month. • Bitcoin (BTC) and Ethereum (ETH) experienced double-digit gains, while metaverse crypto assets outperformed both of them. • AI-based cryptocurrencies have seen even greater gains compared to metaverse-related coins. Performance of Top Crypto […]

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Ukraine to Become World’s Best Jurisdiction for Crypto Assets – Minister

• Ukraine will become the world’s best jurisdiction for crypto assets, according to the country’s Minister of Digital Transformation Mykhailo Fedorov. • Crypto donations were „critically helpful“ during early stages of Russia’s military invasion, Fedorov said. • The government is developing the necessary legal framework for the full legalization of cryptocurrencies. Ukraine is set to […]

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Binance Gains SFSA Authorization to Operate in Seven EU Member States

• Binance, a cryptocurrency exchange, has been granted registration as a financial institution in Sweden by the Swedish Financial Supervisory Authority. • This is the seventh EU Member State in which Binance has received authorization, with prior authorizations in France, Italy, Lithuania, Spain, Cyprus, and Poland. • Binance Nordics AB has adopted risk and anti-money […]