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Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto Transfers Identified in a Study Sent to Largest Exchange More than $40 million was sent last year from wallets that were used to sponsor the Russian invasion of Ukraine to cryptocurrency exchanges, according to an Analysis of such transactions conducted by Hapi Labs. The main purpose of these transfers was to launder the money, the Ukrainian startup claims in a post on Twitter published Tuesday. While various amounts went to a number of crypto platforms, nearly 96% of the digital cash reached Binance, the world’s largest cryptocurrency exchange. Researchers at the company, which provides blockchain tracking tools and da

According to a report by The Information, Gemini, a cryptocurrency exchange established by Cameron and Tyler Winklevoss in the United States, is planning to introduce a global platform for cryptocurrency derivatives trading. Scoop from @akashpasricha and me: Gemini is gearing up to launch an international crypto derivatives exchange that will offer perpetual futures. The news follows recent reports that Coinbase is exploring a similar overseas trading venue. https://t.co/3vMra15mpj — Aidan Ryan (@aidanfitzryan) March 29, 2023 Gemini’s proposed platform is said to specialize in perpetual futures, which is a type of derivative banned for retail traders in the U.S. due to its lack of an expiration date and high leverage, making it a highly risky product. Gemini’s plan to launch an international cryptocurrency derivatives exchange comes in the wake of significant developments in the crypto exchange industry. This includes the bankruptcy of the FTX crypto exchange in Novem

The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The United Arab Emirates (UAE) central bank recently said it would start implementing its digital currency strategy with its two partners G42 Cloud and R3. According to a report, the UAE’s apex bank’s two partners are expected to play a key role in helping the central bank achieve CBDC implementation. As explained in a recent Arabian Business report, the first phase of the central bank’s strategy, which is expected to take place in the next 12 to 15 months, will focus on three key pillars. The proof-of-concept work for bilateral central bank digital currency (CBDC) bridges with India, as well as the soft launch of the M-bridge, are two of the key pillars.

Do Kwon, the South Korean businessman and disgraced founder of Terraform labs allegedly registered a company in Serbia just three weeks after a Red Notice was issued for him in September. According to reports, Kwon established a company named Codokoj22 d.o.o. Beograd on October 12, with an address in Belgrade’s city center. EXCLUSIVE DOCUMENTS: Do Kwon registered company in Serbia just three weeks after Interpol Red Notice. DL News reveals the Serbian lawyers who helped him while on the run pic.twitter.com/R4wyW9XuB6 — DL News (@DLNewsInfo) March 27, 2023 Although it’s impossible to search the registry by individual names, two South Koreans named Do Kwon and Han Chang-Joon were listed with a company number, confirmed by registry officials, according to the report.   Both Do Kwon and Han Chang-Joon were detained on Thursday this past week. The arrest happened at Podgorica Airport in Montenegro while they traveled to Dubai privately, according to people with knowledge o

DeFi Surfer, the crypto and financial markets content creator, published a blog, inviting the readers’ attention to the journey of the leading crypto trading financial institution Silvergate Bank, featuring its “fall from grace”. Though the bank stood at its peak in 2021, the company is currently at risk, suspicious of its future trade. Notably, DeFi Surfer commented that subsequent to Silvergate’s IPO of 2019, the bank started exhibiting substantial growth in its deposits, stating: Following Silvergate’s 2019 IPO, the bank’s deposits grew from $2 billion to $14 billion – 7x! – and the bank’s stock price increased an astounding 1600%, running from $13 to $220 per share. However, after manifesting the highest point of its success, Silvergate Bank started declining, currently, its stock reaching as down as $5, almost by 97%, exhibiting “a rapid fall from grace”. Significantly, DeFi Surfer mentioned that during the crypto upcycle, Silvargate’s performance was compara

Shiba Inu investors can now order a whopper, fries, and coke of their choice by paying with SHIB at Burger King outlets in Paris. Power bank charging service Instpower announced its collaboration with Burger King in Paris to accept digital assets at the outlet. The transactions would be facilitated by Binance Pay and Alchemy Pay, allowing users to pay for orders with various cryptocurrencies, including Shiba Inu. Apart from Shiba Inu, the cryptocurrency integration and payment services will also accept Bitcoin, Ethereum, Dogecoin, and Cardano, among others. You can read more details about the developments here. Now that Burger King in Paris accepted Shiba Inu as payment, will its arch-rival McDonald’s follow suit? Also Read: Shiba Inu: The Road to $0.01 Is Now on Shibarium’s Shoulders Alone After Burger King, Will McDonald’s Accept Shiba Inu? McDonald’s and Burger King remain rivals for decades and who can forget the ‘burger wars‘ commercials? Their rivalry remains the

Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange Nasdaq Seeks Regulatory Approval as Crypto Custodian U.S. exchange operator Nasdaq plans to launch its own custody services for crypto assets by the end of June. The company moves into the industry in the aftermath of a series of failures such as the bankruptcy of FTX, one of the largest cryptocurrency exchanges. The group is now working to obtain the necessary approvals from regulatory bodies that will allow it to provide such services, Bloomberg reported on Friday, quoting Ira Auerbach, senior vice president and head of Nasdaq Digital Assets. Nasdaq has already applied to the New York Department of Financial Services for a limited-purpose trust company charter, which would ov

The EOS price prediction may experience a new higher high as its price moves toward the resistance level of $1.25. EOS Prediction Statistics Data: EOS price now – $1.18 EOS market cap – $1.28 billion EOS circulating supply – 1 billion EOS total supply – 1 billion EOS Coinmarketcap ranking – #44 EOS/USD Market Key Levels: Resistance levels: $1.40, $1.50, $1.60 Support levels: $1.00, $0.90, $0.80 EOSUSD – Daily Chart At the time of writing, the price movement is in the hand of bulls as a slight price increase is seen for EOS/USD. The coin is currently trading at $1.18, and a breakout above this point may drive the EOS price toward a higher level of $1.25. The EOS price is currently hovering above the 9-day and 21-day moving averages at the time of writing and this confirms that bulls are dominating the market. EOS Price Prediction: EOS May Spike Above $1.30 Level According to the daily chart, the EOS price needs to crack at $1.25 for good. Meanwhile, EOS/USD has pierced t

Meme coins like Dogecoin, Shiba Inu, and Baby Doge have caught the interest of cryptocurrency investors. Although Dogecoin was the catalyst for the first meme coin movement, many others soon followed. Baby Doge Coin enjoyed its share of popularity during the 2021 bull run. However, 2022 proved to be one of the worst years for all coins, and meme coin s were no exception. Even though Dogecoin and Shiba Inu are reigning in the meme coin realm, Baby Doge is trying to prove that it is right behind them. This is evident from its recent price hike in February. Read more: Linus Tech Tips YouTube Channel Hacked to Promote Bitcoin Scam With the whole market still bearish and trading in the red, here is our Price Prediction for BabyDoge for the end of March 2023. Source: DailyCoin Baby Doge Price Prediction end of March 2023 According to CoinGecko data, BabyDoge is trading at $0.000000002157 with a 1% drop in value over the last 24 hours. The meme coin is also down by

The CEO of Independent Reserve says Hong Kong's "friendly" licensing regime makes it a worthy destination to set up shop, but there are other factors to consider. Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub.  Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asia’s next crypto hub. Independent Reserve co-founder and CEO, Adrian Przelozny told Cointelegraph the “friendly” licensing regime makes Hong Kong a worthy destination to set up a new base, something his firm is now strongly considering. “Right now it is looking very interesting [...] The recent announcement by the regulators in Hong Kong does make Hong Kong look like a friendly jurisdiction.” “We see Hong Kong as a good opportunity for Independent

The Algorand price prediction shows that ALGO could be ready for the uptrend, and it may fundamentally break above $0.25 respectively. Algorand Prediction Statistics Data: Algorand price now – $0.23 Algorand market cap – $1.6 billion Algorand circulating supply – 7.1 billion Algorand total supply – 7.3 billion Algorand Coinmarketcap ranking – #37 ALGO/USD Market Key Levels: Resistance levels: $0.30, $0.32, $0.34 Support levels: $0.17, $0.15, $0.13 ALGOUSD – Daily Chart ALGO/USD is crossing above the 9-day and 21-day moving averages to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run above $0.28 if the market price moves toward the upper boundary of the channel. Meanwhile, any positive break above the resistance level of $0.25 is the first signal needed for the buyers to press higher. Nevertheless, ALGO/USD has to break to the upside before hitting the $0.28 resistance level. Algorand Price Prediction: Algorand (ALGO) Trade

Texas has always been at the forefront in terms of blockchain and Bitcoin adoption. Even though many other states and countries have shown skepticism revolving around cryptocurrencies, Texas has never failed to show its support. The state has also been a hub for several Bitcoin mining companies. Texas is promoting, advancing, and providing a platform for Bitcoin and considers it to be a cutting-edge innovation. Texas also released a report laying out a proposal to allow Bitcoin as an authorized investment for the state. Also read: Bitcoin Fear & Greed Index Reaches a 16-Month High of 68 According to the latest details, Texas has introduced a new bill to protect the rights of Bitcoin holders, miners, and developers. JUST IN: Texas introduces bill to protect rights of #Bitcoin holders, miners, and developers. — Watcher.Guru (@WatcherGuru) March 21, 2023 Texas’s new bill will protect the rights of Bitcoin holders The bill talks about how Bitcoin has in

Join Our Telegram channel to stay up to date on breaking news coverage The Solana price prediction shows that SOL may need to break above the upper boundary of the channel if the upside momentum gains traction. Solana Prediction Statistics Data: Solana price now – $23.33 Solana market cap – $8.8 billion Solana circulating supply – 383.6 million Solana total supply – 539.3 million Solana Coinmarketcap ranking – #10 SOL/USD Market Key Levels: Resistance levels: $30, $32, $34 Support levels: $15, $13, $11 SOLUSD – Daily Chart SOL/USD has gained over 6.38% since the beginning of the day to trade at $23.3. The Solana (SOL) has become one of the consistent cryptos in the last few days as the coin keeps hovering above the 9-day and 21-day moving averages. At the moment, the coin’s total market value is registered at $8.8 billion, while its total supply is $539.3 million. Solana Price Prediction: What to Expect from Solana On the daily chart, the Solana price is initiall

Author: Degg_GlobalMacroFin source: https://m.weibo.cn/status/4880751407143997?sudaref=t.co 1. Why did the Fed expand its balance sheet by $300 billion? Since last Friday, some regional banks in the United States have suffered severe runs due to the SVB incident, with depositors transferring large amounts of deposits to large banks. Some small and medium-sized banks facing liquidity pressures have had to turn to the Fed for loans by pledging collateral. Currently, the Fed has provided liquidity through three channels. The first is the traditional Discount Window (DW), which provided approximately $148 billion in liquidity. The second is the newly established liquidity tool BTFP, which provided approximately $12 billion in liquidity. The third is the $143 billion provided to the new entities of SVB and Signature, which were taken over by the FDIC. 2. What are the relationships and differences among these three types of loans? All three are collateralized loans, but there are differences

SVB Financial Group, which used to be the parent company of Silicon Valley Bank, has filed for Chapter 11 bankruptcy. The move comes a week after regulators took control of Silicon Valley Bank and is meant to “preserve value” for the former parent while it looks into “strategic alternatives” for its broker-dealer SVB Securities and venture capital arm SVB Capital. Potential buyers have “significant interest” in these businesses, whose funds and general partner entities are not part of the Chapter 11 filing and continue to run. SVB “thinks” it has about $2.2 billion in cash on hand, while its funded debt is about $3.3 billion and its preferred equity is worth $3.7 billion. “The Chapter 11 process will allow SVB Financial Group to preserve value as it evaluates strategic alternatives for its prized businesses and assets, especially SVB Capital and SVB Securities,” says William Kosturos, chief restructuring officer, SVB Financial Group. Source: https://thebi

As per the data on Shibburn, Shiba Inu’s (SHIB) burn rate has spiked by a massive 10960.22%. One transaction, in particular, that burned over 924.15 million SHIB tokens is responsible for the recent surge. Source: Shibburn According to SHIB influencer “LUCIE,” the 924.15 million SHIB tokens were burned by Koyo Token. Koyo is a DeFi project on the Ethereum (ETH) network. The project’s objective is to provide a platform where users can securely access various financial services, such as lending, borrowing, and staking, in a decentralized manner. Another one 924,150,949 $SHIB was burned by @KoyoToken — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 17, 2023 The burn spike follows rumors about Shiba Inu’s Shibarium network stealing its code from Rinia. However, Rinia’s testnet developer has clarified that the Shibarium developers did not steal his code. The only thing the developer complained about is that the Shibarium developers kept his Chain ID. Is Shiba Inu making a turnaround?