Day: February 28, 2022

Data Shows Ruble-Denominated BTC Volume Rising, BTC-RUB Prices Jump as High as $46K – Markets and Prices Bitcoin News

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Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant premium on February 28, jumping 16% higher than the global average. Russian Demand for Bitcoin Surges Causing BTC-RUB Premiums Statistics show that there’s been a lot of demand for bitcoin (BTC) stemming from Russia during…

Why Bitcoin Is The FUTURE & How To Invest – CRYPTO MASTERCLASS | Michael Saylor

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What the launch of the FBI crypto task force means for the digital asset space

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On Feb. 17, United States Deputy Attorney General Lisa Monaco announced at the Munich Cyber Security Conference the formation of the new task force “dedicated to cryptocurrency” within the Federal Bureau of Investigation (FBI). Coming four months after the launch of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), this marks another major step in the U.S. government’s crusade against criminal abuse of cryptocurrencies.  What the task force will look like The name of the new task force that Monaco revealed is the Virtual Asset Exploitation Unit (VAXU). It will…

Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Wirex, a digital payment platform that enables users to spend 62 fiat and cryptocurrencies at more than 61 million locations worldwide via the Wirex platform, announced the integration of Avalanche (AVAX) into its ecosystem on Monday. With the move, users can receive, send, store, and exchange AVAX tokens, and add custom tokens via the Avalanche blockchain. The company plans to onboard multiple AVAX based tokens over the next few months. In addition, Wirex users will be able to earn 20% in annual interest on AVAX through the firm’s decentralized finance…

India’s Top Court Queries Government on Crypto, but May Not Expect a Response

In response, the government lawyer said “we will do that,” according to Live Law, a legal news website. He went on to explain that although the case involved cryptocurrencies, their legality was not a central issue, implying that the government did not need to respond. A court order did not mention that it would expect a response, and it’s not clear the court will expect a response at the next hearing. Source

Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report

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Chainalysis recently published a study on criminal enterprises, specifically the so-called criminal whales, that retain vast sums of money in the form of cryptocurrencies. The study claimed that criminal whales still hold $25 billion in crypto assets despite substantial law enforcement seizures last year. Cryptocurrency had a solid year in 2021, reaching a value of over $3 trillion in November, while bitcoin, which accounts for around a third of all cryptocurrency, also achieved a high until plummeting by more than 40% last week. Criminals who stole bitcoin were among the…

Valve CEO Gabe Newell Praises NFT Technology, Criticizes Bad Actors – Bitcoin News

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Gabe Newell, founder and CEO of Valve, a popular company in the PC gaming market, has revealed his take on crypto and NFTs when applied to games. In an interview with gaming media, Newell validated the NFT technology that makes it possible to create these digital representations. However, he also stated that the actors in the sector tend to be involved in criminal activities. Valve CEO Talks About NFTs, State of the Industry Gabe Newell, CEO and founder of Valve, owners of Steam, one of the largest digital…

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