Tag Archives: crypto

According to data from blockchain analytics firm Elliptic, crypto is giving the military in Ukraine the money it needs to defend itself. More than $4 million in donations have made their way into the Eastern European country, and much of that money stems from bitcoin and crypto. Ukraine Is Getting a Lot of Crypto The world was shocked last week when Vladimir Putin – the leader of Russia – invaded his country’s neighbor of Ukraine. As a means of helping the impoverished...

Over the past few months, we have seen a string of celebrities looking to cash in on the cryptocurrency craze. Between Matt Damon, Reese Witherspoon, and Larry David, one could argue that celebs – no matter how much money they earn – will always look for ways to earn more, and crypto is providing them with an additional financial outlet. However, there’s one celebrity – Ben McKenzie – who’s also talking about crypto, but in a rather negative way. Ben McKenzie Doesn’t...

Analysts are convinced that Russia may utilize cryptocurrency to avoid sanctions recently imposed due to its attack on Ukraine. What Will Russia Do with Crypto? Last week, the U.S. imposed sanctions on Russia for its invasion of Ukrainian territory, but many industry experts believe that these sanctions aren’t going to go anywhere, and that Vladimir Putin could potentially turn to digital assets to avoid whatever’s been imposed on his nation by the American government....

Avenue Securities – a brokerage in Miami, Florida that allows native Brazilians to invest in the United States – is opening its doors to cryptocurrency. The company announced that it has plans to begin trading digital assets like BTC beginning next month. Avenue Securities Turns Towards Crypto Roberto Lee – the chief executive officer and founder – explained in a statement that his firm has seen a lot more demand for crypto-related services from customers, and thus he...

Deputy Attorney General Lisa Monaco says that a new division of the Federal Bureau of Investigation (FBI) has been formed to crack down on cyber fraud and tackle bad actors in the crypto space. Lisa Monaco Says Crypto Security in the U.S. Is a Big Deal The United States as of late appears to be putting the crypto industry at the forefront of its priorities list, though this hasn’t always been a good thing. The recent infrastructure bill passed last summer, for example,...

It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Financial Trust – a firm that allows its clients to invest their retirement funds in digital assets – this truth is hitting home right about now. IRA Financial Trust Sees a Lot of Money Disappear IRA Financial Trust has recently had about $36 million in client-owned digital funds...

More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily every day, and there are now several banks seeking to provide their clients with ways of garnering crypto and adding digital assets to their portfolios. The latest bank to join this list is Valliance, which has chosen Bakkt as the official institutional platform that will grant...

It’s been months, and the fight surrounding crypto in India doesn’t appear to have an end in sight. The Reserve Bank of India (RBI) and its deputy governor T Rabi Sankar have recently issued statements saying that the only way to deal with crypto within the nation’s borders is by banning it. India and Crypto… The Fight Is Still Waging The words came at the recent Indian Banks Association 17th Annual Banking Technology Conference and Awards. Not long ago, it was announced...

It appears that the crypto space is becoming far more attractive to minority groups. Caroline Altagracia, for example, is a college student at the University of Albany. While in high school, she learned about digital currencies and became fascinated with the technology behind them. Minorities Are Entering the Crypto Space In an interview, she stated: It’s definitely been an empowering journey. I feel like when I initially was intimidated, I had to kind of get past that...

The Justice Department has arrested a couple in New York for their alleged participation in a crypto scam that occurred roughly six years ago. Ilya Lichtenstein – age 34 – and his wife Heather Morgan, age 31, have been charged with laundering funds garnered through a massive $3.6 billion cryptocurrency hack that targeted popular digital currency exchange Bitfinex in 2016. The Crypto Space Still Sees Its Fair Share of Hacks Cryptocurrency hacks and thievery in the world...