European Producer Price Inflation Hits Record High 36.8%
Euro zone producer prices surged more than expected in March as energy prices more than doubled year-on-year, data showed today. Eurostat, the European Union’s statistics office revealed prices at factory gates within the eurozone jumped 5.3% month-on-month for a 36.8% year-on-year surge. With this in increase that has never been recorded before, inflation levels continue […]
Binance Shuts Down Accounts Tied to Relatives of Kremlin Officials
Binance shuts down accounts related to the families of key Kremlin officials to comply with new sanctions, Bloomberg reports Following the imposition of economic sanctions on Russia, the daughter of the Kremlin spokesman attempted to utilize Binance and was denied access. Binance Complies with New Sanctions A number of new restrictions are being implemented by the […]
Russian Energy Minister Urges to Legalize Bitcoin Mining ‘As Soon As Possible’
Russia, a country rich in natural resources, may resort to Bitcoin mining in order to alleviate the consequences of U.S sanctions. According to Russia’s Deputy Energy Minister Evgeny Grabchak, the legal vacuum in Bitcoin mining must be filled. He stated that it would be more effective to pick mining areas for miners regionally rather than at […]
BlackRock: Ukraine War Could Accelerate Crypto Adoption
Blackrock chief executive, Larry Fink, said on Thursday that the Ukraine war could end up accelerating digital currencies as a tool to settle international transactions. Despite what headlines around the world are declaring, he doesn’t appear to be talking about currencies like bitcoin. He said: “A global digital payment system, thoughtfully designed, can enhance the […]
10 Countries That Could Make Bitcoin Legal Tender in 2022
El Salvador is the first country in the world that recognizes Bitcoin as legal tender. The race is on and more countries could follow soon to push Bitcoin adoption. Let’s take a look at some of the top nation-states that could make Bitcoin legal tender in 2022. As the world economy teeters on the edge […]
Bitcoin sees volatility as inflation hits 40 year high
Bitcoin(BTC) traded down to $38,600 on today’s CPI print. Inflation, measured by CPI, came in at 7.9% last month, an increase of 0.4% from January. Inflation is currently running at its highest level since 1980. It’s a structural issue in our economy, but it’s been exacerbated by COVID and the recent conflict in Ukraine. Inflation […]
Binance CEO: ’Sanctioning Russian Customers is Unethical’
The rundown The CEO of Binance believes that placing sanctions on all Russian nationals is unjust because many do not support the war in Ukraine. Unsanctioned users are not being barred by Kraken or Coinbase. Cryptocurrency has liquidity issues, making it unlikely to be a simple replacement for traditional money. The CEO of Binance claims […]
Biden Makes Threats, UAE and India Place Bets on Russia
The US has recently recalled a cable that labeled neutral or abstaining parties from the Ukraine conflict as in “Russia’s camp”. This report comes after Opec+ recommitted to their deal with Russia as WTI crude oil prices spike. Details of the Washington Cable Memo instructed envoys to let their Indian and UAE partners know that […]
Analytics Firm Labels WORLD Token Spam, Airdrop from Ukraine a SPOOF
World token was labeled ‘misleading’ by the blockchain explorer Etherscan, tokens could be spam or phishing. The tokens sent from Ukrainian addresses may have been spoofed based on analysis by the blockchain explorer. Yesterday an airdrop was confirmed after over $33 million in funds were raised in various forms of “crytpo” from donors all over […]
Russian Markets Collapse, Gazprom -90%
The largest bank of Russia, Sberbank, plunged 95% Wednesday in London markets as US and NATO sanctions hammer the Russian economy. The largest banks usually have the largest clients, and three of Russia’s top companies such as Gazprom, Lukoil, and Novatek all slid to similar levels resembling penny stocks. The stock exchange in Russia is […]
