The crypto market tumbled 9% on Thursday, with some analysts saying the asset class remained a risky offering.The market capitalization of all cryptocurrencies slid to as low as $1.5 trillion, losing almost 9% in 24 hours, as Russia launched a “special military operation” against Ukraine. The prospect of damage to the global economy also weighted on broader financial markets, with the Stoxx 600 Europe index falling more than 3%, micro Nasdaq 100 futures down 2.3% and Russia's MOEX equity...

The crypto market tumbled 9% on Thursday, with some analysts saying the asset class remained a risky offering.The market capitalization of all cryptocurrencies slid to as low as $1.5 trillion, losing almost 9% in 24 hours, as Russia launched a “special military operation” against Ukraine. The prospect of damage to the global economy also weighted on broader financial markets, with the Stoxx 600 Europe index falling more than 3%, micro Nasdaq 100 futures down 2.3% and Russia's MOEX equity...

The world's largest cryptocurrency by market value was trading about $34,725 at time of writing after passing $39,000 on Tuesday. Markets in Asia are also down during trading day as scale of war expands.The price of bitcoin continued to fall as global markets reacted with alarm to the expanding scale of war in Ukraine as missiles continue to reign down on its capital city in Kyiv and its airport was captured by airborne troops.BTC was down 9% to $34,555 as of the time of this writing, ac...

The world's largest cryptocurrency by market value was trading about $34,725 at time of writing after passing $39,000 on Tuesday. Markets in Asia are also down during trading day as scale of war expands.The price of bitcoin continued to fall as global markets reacted with alarm to the expanding scale of war in Ukraine as missiles continue to reign down on its capital city in Kyiv and its airport was captured by airborne troops.BTC was down 9% to $34,555 as of the time of this writing, ac...

The People's Bank of China maintains strict capital controls over the country's currency; bitcoin rose over $43,000 and most other major cryptos were well into the green.Good morning. Here’s what’s happening: Markets: Bitcoin, ether and other major cryptos rise, even as the U.S. looked to hamstring Russian from using crypto to evade sanctions. Insights: CBDCs won't help Russia evade economic sanctions. Technician's take: BTC's 11% price jump reflects short-term bullis...

The People's Bank of China maintains strict capital controls over the country's currency; bitcoin rose over $43,000 and most other major cryptos were well into the green.Good morning. Here’s what’s happening: Markets: Bitcoin, ether and other major cryptos rise, even as the U.S. looked to hamstring Russian from using crypto to evade sanctions. Insights: CBDCs won't help Russia evade economic sanctions. Technician's take: BTC's 11% price jump reflects short-term bullis...

Earlier today, U.S. authorities added regulations aimed at thwarting the use of digital currencies and assets to evade sanctions.Ukraine's Ministry of Digital Transformation is sending official letters to eight cryptocurrency exchanges, requesting them to stop servicing Russian users because of concerns that digital currencies are being used to evade sanctions. The ministry is reaching out to Coinbase, Binance, Huobi, KuCoin, Bybit, Gate.io and Whitebit, along with Ukrainian exchange Kun...

Earlier today, U.S. authorities added regulations aimed at thwarting the use of digital currencies and assets to evade sanctions.Ukraine's Ministry of Digital Transformation is sending official letters to eight cryptocurrency exchanges, requesting them to stop servicing Russian users because of concerns that digital currencies are being used to evade sanctions. The ministry is reaching out to Coinbase, Binance, Huobi, KuCoin, Bybit, Gate.io and Whitebit, along with Ukrainian exchange Kun...

In response to Russia’s unprovoked invasion of Ukraine this week, transnational Western authorities have taken significant actions to restrict the Eurasian kleptocracy’s access to the global financial system. It remains to be seen whether Russia might face the ultimate sanction – wholesale removal from the international Swift system, which coordinates transfers between banks. Such a cutoff from the Belgium-based Society for Worldwide Interbank Financial Telecommunications would be a world-his...

In response to Russia’s unprovoked invasion of Ukraine this week, transnational Western authorities have taken significant actions to restrict the Eurasian kleptocracy’s access to the global financial system. It remains to be seen whether Russia might face the ultimate sanction – wholesale removal from the international Swift system, which coordinates transfers between banks. Such a cutoff from the Belgium-based Society for Worldwide Interbank Financial Telecommunications would be a world-his...

The opportunities for artists are endless in the world of non-fungible tokens. This episode is sponsored by TurboTax Live and Metapurse.fund. On this episode of “NFT All-Stars,” host Artnome (Jason R. Bailey) is joined by Ed Young, co-founder of The Source magazine and owner of NFT.hiphop, to interview long-time record mogul, entrepreneur and art collector Damon Dash. Alongside Dash’s background in the record industry as co-founder of Roc-A-Fella Records, he also has extensive experience mana...

The opportunities for artists are endless in the world of non-fungible tokens. This episode is sponsored by TurboTax Live and Metapurse.fund. On this episode of “NFT All-Stars,” host Artnome (Jason R. Bailey) is joined by Ed Young, co-founder of The Source magazine and owner of NFT.hiphop, to interview long-time record mogul, entrepreneur and art collector Damon Dash. Alongside Dash’s background in the record industry as co-founder of Roc-A-Fella Records, he also has extensive experience mana...

The situation shows the limitations of a government’s ability to thwart transactions on decentralized systems – but also the limitations of those systems to circumvent suchCryptocurrency tied to the Canadian truckers protesting COVID-19 restrictions has been on the move, in defiance of the authorities’ orders to freeze funds, blockchain analysis shows. Nearly all of the roughly 20 BTC (about $788,000 U.S. at current exchange rates) sent to the Tallycoin fundraiser is gone from that address, w...

The situation shows the limitations of a government’s ability to thwart transactions on decentralized systems – but also the limitations of those systems to circumvent suchCryptocurrency tied to the Canadian truckers protesting COVID-19 restrictions has been on the move, in defiance of the authorities’ orders to freeze funds, blockchain analysis shows. Nearly all of the roughly 20 BTC (about $788,000 U.S. at current exchange rates) sent to the Tallycoin fundraiser is gone from that address, w...

More member nations are showing support for imposing restrictions on Russia's access to the international banking system.The European Union has "resolved" to isolate Russia from the international financial system, including by blocking some banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the messaging network underpinning global financial transactions. In blocking Russia from SWIFT, the European Union would block Russian institutions from conducting an...

More member nations are showing support for imposing restrictions on Russia's access to the international banking system.The European Union has "resolved" to isolate Russia from the international financial system, including by blocking some banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the messaging network underpinning global financial transactions. In blocking Russia from SWIFT, the European Union would block Russian institutions from conducting an...

Taiwan, Singapore are wary of ceding control of their currencies; bitcoin, ether and most other major cryptocurrencies fell as Russian President Vladimir Putin made a defiant case for invading Ukraine. By Sam Reynolds, James Rubin Feb 22, 2022 at 7:16 a.m. Updated Feb 22, 2022 at 11:35 a.m. Russia President Vladimir Putin ((Evgenii Sribnyi/Shutterstock) Good morning. Here’s what’s happening: Market moves: Bitcoin and most major cryptos sank amid escalating tensions on the Russia-Ukraine borde...

Taiwan, Singapore are wary of ceding control of their currencies; bitcoin, ether and most other major cryptocurrencies fell as Russian President Vladimir Putin made a defiant case for invading Ukraine. By Sam Reynolds, James Rubin Feb 22, 2022 at 7:16 a.m. Updated Feb 22, 2022 at 11:35 a.m. Russia President Vladimir Putin ((Evgenii Sribnyi/Shutterstock) Good morning. Here’s what’s happening: Market moves: Bitcoin and most major cryptos sank amid escalating tensions on the Russia-Ukraine borde...

Some traders expect the price bounce to be short-lived amid geopolitical uncertainty.Bitcoin (BTC) and other cryptocurrencies rose on Friday after Russia agreed to negotiate with Ukrainian officials. "Vladimir Putin is ready to send to Minsk a Russian delegation," Kremlin spokesman Dmitry Peskov told reporters on Friday. Still, the situation was unstable, especially after Russian forces intensified attacks on Ukraine’s capital in recent days. The Russian president later made comments suggesti...

Some traders expect the price bounce to be short-lived amid geopolitical uncertainty.Bitcoin (BTC) and other cryptocurrencies rose on Friday after Russia agreed to negotiate with Ukrainian officials. "Vladimir Putin is ready to send to Minsk a Russian delegation," Kremlin spokesman Dmitry Peskov told reporters on Friday. Still, the situation was unstable, especially after Russian forces intensified attacks on Ukraine’s capital in recent days. The Russian president later made comments suggesti...

zkSync, a protocol responsible for implementing Ethereum scaling platforms, accomplished the unexpected yesterday, announcing the test network release of an Ethereum Virtual Machine compatible Zero-Knowledge rollup (zkEVM) years ahead of schedule. The EVM is the environment in which all Ethereum wallets and contracts live and is responsible for defining the rules of the chain from block to block. The new test network is the first implementation of a ZK rollup capable of running the full Ether...

zkSync, a protocol responsible for implementing Ethereum scaling platforms, accomplished the unexpected yesterday, announcing the test network release of an Ethereum Virtual Machine compatible Zero-Knowledge rollup (zkEVM) years ahead of schedule. The EVM is the environment in which all Ethereum wallets and contracts live and is responsible for defining the rules of the chain from block to block. The new test network is the first implementation of a ZK rollup capable of running the full Ether...

The opportunities for artists are endless in the world of non-fungible tokens. This episode is sponsored by TurboTax Live and Metapurse.fund. On this episode of “NFT All-Stars,” host Artnome (Jason R. Bailey) is joined by Ed Young, co-founder of The Source magazine and owner of NFT.hiphop, to interview long-time record mogul, entrepreneur and art collector Damon Dash. Alongside Dash’s background in the record industry as co-founder of Roc-A-Fella Records, he also has extensive experience mana...

The opportunities for artists are endless in the world of non-fungible tokens. This episode is sponsored by TurboTax Live and Metapurse.fund. On this episode of “NFT All-Stars,” host Artnome (Jason R. Bailey) is joined by Ed Young, co-founder of The Source magazine and owner of NFT.hiphop, to interview long-time record mogul, entrepreneur and art collector Damon Dash. Alongside Dash’s background in the record industry as co-founder of Roc-A-Fella Records, he also has extensive experience mana...