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Major Cryptocurrencies—Including Bitcoin, Ether—Rise Amid Fears Russia Will Use Them To Evade Sanctions

Major Cryptocurrencies—Including Bitcoin, Ether—Rise Amid Fears Russia Will Use Them To Evade Sanctions

Share to FacebookShare to TwitterShare to LinkedinTopline The value of top cryptocurrency tokens—including market leaders bitcoin and ether—soared on Tuesday, the sixth day of Russia’s invasion in Ukraine, reversing steep declines from the start of the war amid expectations Russia could use the assets to evade Western sanctions.  Bitcoin has rebounded after initially dropping when…

Russia May Use Cryptocurrency To Try And Evade Sanctions—But Here’s Why It Will Be Hard

Russia May Use Cryptocurrency To Try And Evade Sanctions—But Here’s Why It Will Be Hard

Share to FacebookShare to TwitterShare to LinkedinTopline As governments around the world release an onslaught of measures to punish Russia for its invasion of Ukraine, a growing number of experts warn that Russia will almost certainly turn to cryptocurrency to help evade sanctions, though it could prove only minimally successful. Russian President Vladimir Putin in…

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Crypto Billionaires Boost Donations for Ukraine

The cryptosphere continues to mobilize for Ukraine after the Russian invasion. Digital currency donations to charities and the Ukrainian military continue to climb. Since Thursday, the first day of the invasion, more than $5 million in cryptocurrency has already been raised, according to last data rom blockchain analytics firm Elliptic.  “Cryptocurrency donations to the Ukrainian…

Ruble Plunges To 80 Against The Dollar As Putin Recognizes Breakaway Republics

Ruble Plunges To 80 Against The Dollar As Putin Recognizes Breakaway Republics

Share to FacebookShare to TwitterShare to LinkedinTopline Russia’s stocks and currency were the worst performers on global markets Monday, as President Vladimir Putin signed a decree recognizing two partially separatist-controlled regions in Ukraine as independent states, a move that provoked renewed threats of severe economic sanctions against Russia should it invade Ukraine. Russian President Vladimir…

Texas Suing Meta Over Facial Recognition Technology—Seeking Hundreds Of Billions In Penalties

Texas Suing Meta Over Facial Recognition Technology—Seeking Hundreds Of Billions In Penalties

Share to FacebookShare to TwitterShare to LinkedinTopline Texas Attorney General Ken Paxton (R) filed a lawsuit Monday against Facebook parent company Meta Platforms, seeking hundreds of billions of dollars in penalties over Facebook’s previous use of facial recognition technology for allegedly violating state law on privacy protections. Texas Attorney General Ken Paxton (R) says Facebook…