Pro-Russia Groups Evaded Sanctions With Over $2M Crypto Donations

American blockchain analysis firm, Chainalysis, has released a detailed report on how over $2 million in cryptocurrency donations have been used to fund the Russian-wing of the war in Ukraine It was discovered that a handful of pro-Russian groups have been bypassing sanctions placed on Russia by several organizations and utilizing crypto donations for financing … Read more

FDIC Says Deposits and Cryptos at Non-Bank Entities Are Uninsured

The Federal Deposit Insurance Corporation (FDIC), an independent federal agency insuring deposits in U.S. banks in the event of bank failures, on Friday told American commercial banks to ensure that any crypto firms they partner with do not overstate the reach of deposit insurance. The financial regulator is concerned that consumers may be confused about … Read more

Bitcoin Balance on Exchanges Experiences Macro Decline as Price Eyes a Weekly Close Above the 200-Week MA

Bitcoin (BTC) continues to exit crypto exchanges since it’s recording a macro decline. Market insight provider Glassnode explained: “Bitcoin balance on exchanges continues its macro decline, reaching 12.6% of the Circulating Supply (2.4M BTC). Exchange balances have now seen a macro outflow of over 4.6% of the circulating supply since the March 2020 ATH.” … Read more

HKUST Designs First Virtual Campus in the Metaverse

Hong Kong University of Science and Technology (HKUST) has chosen to ride in the waves of digital innovation and blockchain technology. In a press release, the academic institution announced its intention to establish the world’s first physical-digital twin campuses in the Metaverse.  This, the university believes, would enhance the teaching and learning experience. Therefore, the … Read more

KuCoin Becomes the First Centralized Exchange to Start Offering NFT ETFs

KuCoin, a global crypto exchange headquartered in Seychelles, on Friday announced that it has launched an exchange-traded fund (ETF) associated with major nonfungible token (NFT) assets like Bored Ape Yacht Club (BAYC). Following the development, KuCoin has launched NFT ETF Trading Zone (a new investment product where users can buy and trade ETF NFTs) through … Read more

Schwab to List Its First Crypto-Related ETF on NYSE

Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, an US multinational financial services company based in California, on Friday, announced the launch of its first crypto-related exchange-traded fund (ETF) called the Schwab Crypto Thematic ETF (NYSE Arca: STCE). The giant asset manager said that the crypto ETF will be listed on … Read more

Honduras Establishes Bitcoin Valley in Santa Lucia to Boost Crypto Opportunities

Honduras has entered the cryptocurrency trend after launching “Bitcoin Valley” in Santa Lucia meant to spur more opportunities in the digital asset space, according to Reuters.  As a result, the tourist town of Santa Lucia has shifted to a Bitcoin city because business owners are adopting crypto payments to boost tourism.   Cesar Andino, the … Read more