CryptoX – Cryptocurrency Analysis and News Portal The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000. Source The post China's Supreme Court Rules Crypto Transactions Constitute 'Illegal Fundraising' appeared first on CryptoX. CryptoX Portal
From an investor’s perspective, there’s a meaningful conversation to be had about privacy-enabled technologies, because wherever there is sufficient demand, there is money to be made. We have seen this interest materialize, with equity raise volumes in privacy and cybersecurity companies hitting nearly $10 billion in 2019. With this renewed interest in privacy, we could expect more to come. Source
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Putin Puts Russia Nuclear Forces on High Alert Following Sanctions Source
Ukraine’s President Volodymyr Zelenskyy holds a press conference on Russia’s military operation in Ukraine, on Feb. 25, 2022 in Kyiv. Anadolu Agency | Getty Images Ukraine’s government has raised more than $10 million in cryptocurrency donations, turning to an unlikely crowdfunding method to help it get through a brutal invasion from Russia. The official Twitter account of the Ukrainian government on Saturday posted addresses for two crypto wallets, one accepting only bitcoin and the other taking ether and tether, a token that tracks the value of the U.S. dollar. As…
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Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continues to expend penalties imposed on Moscow over its military invasion of neighboring Ukraine. Medvedev Warns Persons and Entities From ‘Hostile’ Nations May Lose Their Assets in Russia The nationalization of Russian-based assets belonging to foreigners and businesses registered in “hostile jurisdictions” is a possible response to the potential seizure of funds of Russian citizens and companies abroad. That’s…
More than $4 million have already been contributed to non-governmental organizations helping Ukraine from Russia’s unprovoked invasion of the country. A “crypto war,” according to analysts, has just begun. Meanwhile, as the panic of war depletes the country’s ATMs, many Ukrainians resort to Bitcoin. Elliptic, a blockchain analysis company in London, provided statistics on Friday revealing that crowdfunding has increased since Thursday, following Russia’s invasion of Ukraine. “On the 24th of February alone, one NGO got over $675,000 in Bitcoin, and by 9.30 a.m. on the 25th, it had already…
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