March 6, 2022

Ukrainian Flag NFT Raises .75M for Country’s War Efforts

Ukrainian Flag NFT Raises $6.75M for Country’s War Efforts

The UkraineDAO-organized sale is the largest NFT-based crypto contribution to the Ukrainian people to date. A non-fungible token (NFT) of the Ukrainian flag sold for 2,258 ETH (roughly $6.75 million) on Wednesday, with the proceeds being sent to Come Back Alive, an organization that donates supplies to Ukrainian civilians and military members. The sale was organized […]

Ukrainian Flag NFT Raises $6.75M for Country’s War Efforts Read More »

Russia blocks Facebook, accusing it of restricting access to Russian media

Russia blocks Facebook, accusing it of restricting access to Russian media

It said such restrictions violated the key principles of freedom of information and Russian internet users’ unimpeded access to Russian media. Russia is blocking Meta Platforms Inc’s Facebook, the country’s communications regulator said on Friday, in response to what it said were restrictions of access to Russian media on the platform. The regulator, Roskomnadzor, said

Russia blocks Facebook, accusing it of restricting access to Russian media Read More »

Shell defends decision to buy discounted oil from Russia

Shell defends decision to buy discounted oil from Russia

KEY POINTS On Friday, Shell purchased 100,000 metric tons of flagship Urals crude from Russia. It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions. Oil major Shell has sought to defend its decision to buy

Shell defends decision to buy discounted oil from Russia Read More »

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

As financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing the plan to block all Russians. Calls to Block Russian

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets Read More »

Non-crypto natives launch social tokens to engage with community and fans

Non-crypto natives launch social tokens to engage with community and fans

Social tokens could be the next big trend in crypto this year, but regulatory concerns and specific use cases remain unclear. The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian

Non-crypto natives launch social tokens to engage with community and fans Read More »

UK Regulator FCA Places 50 Crypto Firms Under Investigation

UK Regulator FCA Places 50 Crypto Firms Under Investigation

The Financial Conduct Authority (FCA), the United Kingdom’s apex market regulator,  is taking a proactive approach to curbing scams as they are inherent in the fast-growing crypto world. Per a report published by the regulator, as many as 16,400 inquiries were received on its ScamSmart website in the six months leading to September 2021. Of these received

UK Regulator FCA Places 50 Crypto Firms Under Investigation Read More »

MoonPay Lands 0K World of Women NFT in Christie’s Auction

MoonPay Lands $750K World of Women NFT in Christie’s Auction

Digital currency payments startup, MoonPay, has come off as the lucky winner of an auction for a World of Women (WoW) Non-Fungible Token (NFT). Reportedly, acting on behalf of a client, the WoW NFT #5672 was snapped up for £567,000 ($754,340) at the auction conducted at Christie’s London Evening Sale announced on Tuesday. The WoW NFT is a

MoonPay Lands $750K World of Women NFT in Christie’s Auction Read More »

US Virginia Senate allows state banks to offer crypto custody services

US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services. The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate

US Virginia Senate allows state banks to offer crypto custody services Read More »

China will raise defense spending by 7.1% in 2022, faster than last year

China will raise defense spending by 7.1% in 2022, faster than last year

KEY POINTS Defense spending is set to rise by 7.1% to 1.45 trillion yuan ($230.16 billion) this year, China’s Ministry of Finance said in a plan released Saturday. That’s the fastest pace since 2019, when defense spending grew by 7.5%. Total central government expenditures for the general public budget are expected to rise by 14.3%

China will raise defense spending by 7.1% in 2022, faster than last year Read More »

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge

The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than the week prior. Despite the drop in NFT sales volume, NFT sales stemming from the Arbitrum network spiked by 97.53% this week. NFT Interest and

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge Read More »