Bitcoin Rockets Above $28K, Ethereum Close to $1,800

• Bitcoin is trading above $28,000 on Monday, as cryptocurrencies extend a bull run to start the week. • Ethereum continues to trade close to $1,800 after hitting its highest point since last August. • The Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Bitcoin Starts Week Above $28K […]

Crypto Turmoil: Warren Criticized, SVB Closes, Vitalik’s Token Sell-Off Rocks Markets

• Elizabeth Warren blamed the liquidation of Silvergate Bank on “crypto risk,” however critics dismissed this opinion as “terribly misinformed.” • US regulators closed Silicon Valley Bank due to financial turmoil and a reported bank run. • Airdropped ERC20 tokens from Ethereum co-founder Vitalik Buterin’s address caused negative price moves and India-Russia oil deals could […]

CBN Seeks New Tech Partner to Improve e-Naira User Experience

• The Central Bank of Nigeria (CBN) is seeking a new technology partner to help it implement a system that gives it greater control over its central bank digital currency (CBDC), the e-naira. • R3, a provider of enterprise technology and services, is one of the prospective partners that has reportedly discussed deploying different tech […]

SEC Rumored to Ban Crypto Staking for US Retailers: Coinbase CEO Concerned

Coinbase CEO Brian Armstrong Expresses Concerns • Coinbase CEO Brian Armstrong expressed concern about rumors of the U.S. Securities and Exchange Commission (SEC) possibly eliminating cryptocurrency staking for retail customers in the United States. • Armstrong clarified that “staking is not a security”, and that it allows users to participate directly in running open crypto […]

UDPN: Revolutionizing Global Payments with Digital Assets

• Red Date Technology, the designer of China’s state-backed Blockchain-based Service Network (BSN), has launched a new project called Universal Digital Payments Network (UDPN) to enable the interoperability between stablecoins and central bank digital currencies (CBDCs) in cross-border payments. • The goal of the UDPN is to allow businesses from different countries to transact and […]

SFMS Blocks Russian Crypto Exchanges, Introduces Wallet-Blocking Mechanism

• Ukraine’s Financial Monitoring Service has blocked access to online crypto exchangers operating out of Russia. • The SFMS has identified crypto exchanges associated with Russian financial institutions placed under sanctions. • The SFMS has also introduced a mechanism for “blocking of crypto wallets of the Russian Federation.” The State Financial Monitoring Service (SFMS) of […]