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The internet marketplace is among the oldest e-commerce platforms, now looking to become the go-to platform for Gen Z and Millennials. The CEO said in an interview with The Street that the firm is looking to integrate crypto payment options for quite some time and an official announcement could be made during the upcoming investor’s day on March 10.
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Ukrainian Vice Prime Minister Mykhailo Fedorov has added another request to aid Ukraine, asking major crypto exchanges to block the addresses of Russian users.
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Binance is working to comply with sanctions on Russia imposed by Western governments following the invasion of Ukraine.
“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 those that have had sanctions levied against them, while minimizing impact to innocent users,” Binance said in a statement shared with Forkast.
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The number of Cardano wallets has increased by 3.66% since the beginning of February 2022, growing from 299,241,7 on February 1 to 3,101,997 on February 24, representing a total increase of 109,580, according to the statistics released by Cardano Blockchain Insights.
More info: https://bit.ly/3M1VwoL
Erik Thedéen, the vice-chair of the watchdog, told the Financial Times in an interview that there has been a significant rise in the amount of renewable energy dedicated to crypto mining. He added that mining has become a “national issue” for his home country Sweden.
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Cryptocurrency trading is considered illegal fundraising when four conditions are met — public fundraising, unspecified fundraising targets, promising returns on capital and interest, and if activities violate laws and regulations.
Illegal funding raising over 50 million yuan (US$7,913,645) or from 5,000 people or causing direct losses of 25 million yuan to donors can lead to a prison sentence of more than 10 years.
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Cardano outperformed lead cryptocurrencies Bitcoin and Ethereum in adjusted transaction volumes, with a 24-hour volume of $16.49 billion compared to Bitcoin's $8.49 million and Ethereum's $4.73 billion. Cardano users also paid cheaper fees compared to both BTC and ETH.
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$425.12M worth of crypto has been “Rekt” since the order came in last night with 140,732 traders being liquidated in the past 24 hours according to CoinGlass data.
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The price of bitcoin dropped below $35,000 for the first time since January on Thursday as Russia began its military operation in Ukraine.
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The largest Proof-of-Stake (PoS) asset Cardano (ADA), is 47,200 times more energy-efficient than the Proof-of-Work (PoW) flagship cryptocurrency Bitcoin.
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The Royal Canadian Mounted Police (RCMP) are investigating whether tweets by the CEOs of cryptocurrency exchanges Coinbase and Kraken that pushed for self-custody of digital assets violated the sanctions put in place to quell trucker protests against Covid-19 restrictions in Canada.
More info: https://bit.ly/33EZS3N
The latest enhanced volatility in the cryptocurrency market caused significant pain for over-leveraged investors, with liquidations exceeding $400 million on a 24-hour scale. This comes as BTC slumped by about $3,000 in a day.
BTC dumped once more – this time to just over $36,000, which became the new lowest price point since February 3rd.
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Kazakhstan’s energy authority has identified and disconnected 13 unauthorized crypto mining farms in the country, as the government continues to ramp up efforts to regulate the sector.
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Russia’s Ministry of Finance has submitted a draft bill on Bitcoin regulation in the country, weeks after the government approved the concept of creating legislation specifically for cryptocurrencies.
“The use of digital currencies as a means of payment on the territory of the Russian Federation will continue to be prohibited,” the Ministry of Finance said in a statement Monday. “Under the proposed regulation, digital currencies are considered solely as an investment vehicle.”
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Salvadoran President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.
More info: https://bit.ly/3JHsTv1
Manchester City, the current English Premier League champions, has started the construction of the world’s first football stadium in the metaverse, with the assistance of virtual reality (VR) specialists from Sony.
More info: https://bit.ly/3JJ0N2I