A New Report Finds EU Sanctions Will Limit Russian Use of Europe’s Crypto Services

These events are occurring while the situation in Ukraine continues to worsen. Earlier this year, the EU restricted only “high-value” crypto-asset transactions to individuals and businesses in Russia. The current sanctions are likely to become more severe for the Russian Federation. EU Sanctions Over Ukraine May Target Russian Crypto Services The EU is getting ready […]

US Instagram & Facebook Users Can Share Flow, Ethereum, And Polygon NFTs

The software development company Meta has now released an official statement favoring NFT collectibles. The firm has made it plain that all Facebook and Instagram users in the US will have access to its services. Recent rollouts have included this feature. Meta Now Connects Cryptocurrency Wallets to Facebook and Instagram Meta began implementing NFT support […]

Chinese Authorities Solve a Case of Cryptocurrency-Related Money Laundering

This action was taken as part of China’s increasing efforts to stem illicit financial flows. The crypto money laundering case includes 40 billion Yuan (US$5.6 billion). A total of 93 people were taken into custody, according to a statement released by the local police department on Monday in Hengyang.  The Chinese Government Has Made It […]

Stablecoin Issuers Might Face Criminal Prosecution If The House Bill Passes

There have been suggestions for a prospective framework for stablecoin regulation. With the law, assets like TerraUSD may be illegal for two years. The Financial Stability Oversight Council will convene on September 23 under the direction of U.S. Treasury Secretary Janet L. Yellen. In a report by Bloomberg, the bill’s text indicates that issuing or […]

Hive Blockchain Explores Other Mineable Coins Ahead Of ETH Merge

Crypto mining firm, Hive Blockchain, is working to replace Ethereum mining with other mineable coins. The company is undertaking this project if ETH finally transitions to the PoS (proof-of-stake) consensus mechanism.  Hive Working To Optimize Its ETH Mining Capacity  On September 6th, the Canadian-based crypto mining company stated that it has been working on other […]