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Top StoriesBitcoin Tumbles as Crypto Sell-Off Accelerates
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‘Pay More Attention’ Ethereum Co-Founder Says of Crypto Crash
Date: May 25, 2022
By Jessica DiNapoli DAVOS, Switzerland (Reuters) – Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they...
How Do Crypto Exchange Platforms Work: All You Need to Know
Date: May 13, 2022
Introduction You can’t go to your bank or an investment agency and acquire cryptocurrency. After deciding to purchase Bitcoin, Ethereum, or another cryptocurrency, you’ll need to open an account with a crypto trading platform to convert your US dollars (or other money) for digital assets. Like the CEX crypto exchange platform and Coinbase, some have...
Stablecoin Terra’s Broken Dollar Peg Hits Wider Crypto Markets
Date: May 10, 2022
By Alun John HONG KONG (Reuters) – TerraUSD, the world’s fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin’s tumble below $30,000 for the first time in 10 months. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S. dollar. They...
Attention Bsa Officers: What the Ongoing War in Ukraine Means for Financial Institution in the U.S.
Date: May 5, 2022
By Rene Perez, Financial Crimes Consultant at Jack Henry & Associates More than two months ago, on February 23rd at 5 a.m. local time, Russia invaded Ukraine. Since then, media channels and social media news feeds around the world have been covering developments daily, including the implementation of economic sanctions on Russia. Since the beginning...
Gucci Jumps on the Crypto Bandwagon With U.S. Project
Date: May 5, 2022
(Reuters) – Gucci’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some U.S. stores, the Italian company said, as digital currencies move to broader acceptance. Starting later this month, customers can pay with crypto at some of Gucci’s flagship stores, including Rodeo Drive in Los Angeles and Wooster...
Could Putin Be Exploring Crypto to Bypass Western Sanctions and Does This Count Against the Long-Term Prospects of Crypto?
Date: April 27, 2022
By Henry Chambers, Senior Director, Disputes and Investigations at Alvarez & Marsal A great deal of debate has been taking place over the last few weeks as to whether Russian companies and individuals could use cryptocurrencies, such as bitcoin, as an alternative currency for transacting with and, indeed, whether this could bypass the western sanctions...