The former CEO and co-founder of BitMEX exchange Arthur Hayes predicted the rise in the price of the first Cryptocurrency to $1 million by the end of the decade due to ineffective monetary policies of the U.S. and the EU.
The parent company of the Binance exchange, Binance Holdings, has blocked several accounts associated with relatives of high-ranking Kremlin officials. This was reported by Bloomberg, citing a statement from the exchange.
Not so long ago, the news that the largest crypto-exchange Binance made a “deal” with the Russian government appeared on the front pages of the world-renowned business publications. The media reported that the trading platform had agreed to hand over personal data of Russian users to the Russian financial regulator. For several days after this statement, the exchange kept a pause, but recently still commented on this rumor, noting that all discussed news is “categorically false information.
Intel, which also manufactures mining chips, announced that it is suspending operations in Russia.
Changpen Zhao, CEO of the popular cryptocurrency exchange Binance, believes that cryptocurrencies should not be considered as a tool to circumvent sanctions. The head of the trading platform shared his opinion in an interview for CNN
Michael Novogratz states that more investors are entering the cryptocurrency and Blockchain market – and this contributes to the growth of the value of the first cryptocurrency. The billionaire says that amid continued industry innovation and increased interest from the general public, Bitcoin will surpass his own previous projections for 2022:
During Russia’s military operation in Ukraine, the Bitcoin exchange rate increased by 29%. The second most popular cryptocurrency, Ethereum, showed similar growth rates. Investors come to the Crypto market because of the destabilization of the global financial system, experts believe.
The festival is organized by the Colombian Blockchain company Spartan Hill with the help of the government of El Salvador. The World Blockchain Festival will include industry conferences, interactive events, educational seminars, music concerts and other entertainment.
Based in the UAE crypto-firms faced a flood of applications from Russian citizens to convert digital assets into fiat or withdrawal to buy real estate. This was reported by Reuters.
On March 22, Christine Lagarde, president of the European Central Bank (ECB), said that Russian companies and individuals use cryptocurrency to circumvent Western sanctions against Russia. According to Lagarde, the restricted individuals and companies are trying to convert their rubles into digital assets. European authorities reported that those who exchange cryptocurrencies, transfer or offer related services are complicit in attempts to circumvent sanctions, RBC Crypto writes.