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Binance – the world’s largest crypto exchange – recently released an update on its treatment of Russian accounts due to international sanctions. The company will place accounts holding crypto worth over 10,000 EUR into “withdrawal-only mode”, preventing them from making more trades. Politics Versus Principles As its war with Ukraine continues, sanctions against Russia from the former’s allies have continued to tighten. Meanwhile, both the European Union and United States have been particularly concerned about crypto’s potential role in bypassing…

Ripple CEO Brad Garlinghouse recently called out “tribalism” within certain crypto communities for fracturing industry representation. Narrowing in on Bitcoiners, he claimed that polarization from the community “isn’t healthy” and that “all boats can rise” within the space. Ripple’s Regulatory Troubles Garlinghouse made his comments during a CNBC-hosted chat at Paris Blockchain Week Summit last week. He clarified his belief that the entire industry can thrive and that he owns multiple cryptocurrencies including Bitcoin and Ethereum. Ripple is the company behind…

One day after the IMF’s warning, the US treasury has hit multiple Russian Bitcoin mining companies with secondary sanctions. The increased restrictions should prevent Russia from monetizing its energy resources using proof-of-work crypto networks. Cutting Off Mining Resources As reported by CNBC, this marks the first time the Treasury has ever placed trade restrictions on virtual currency miners. Last month, President Biden announced that America would no longer accept Russian oil, with other jurisdictions following suit. Gas prices in the…

A Twitter user under the alias "Domenic Iacovone" shared details of how a simple vishing scam led to a loss of his NFTs.  Iacovone has now launched repeated accusations at MetaMask and ConsenSys in the past 24 hours. On April 15th, a MetaMask security vulnerability came to light when a crypto investor laid a complaint on Twitter. He stated that he lost more than half a million pounds after a phone call from a number identified as 'Apple.' This was,…

ApeCoin, the native token to the Ape ecosystem, has recorded a notable surge in prices within the last 48 hours. Yuga Labs imminent metaverse launch could be revving the token up the market.  'Otherside' Speculation The token, formerly changing hands for about 10.70 USD, surged to a record 17.18 USD in the early hours of today. This is the highest price the coin has recorded since its early plunge following its launch. There are suggestions that the launch of Yuga…

Amidst a general rise in crypto adoption across the UAE, YallaMarket, a local delivery company in Dubai has incorporated cryptocurrency as a payment method. The major delivery service also claims it will soon offer its staff salary payment options in USDT and USDC. YallaMarket To Pursue Crypto-Based Development The firm whose services entail grocery delivery has allowed customers to make crypto payments for its products via their mobile app. Additionally, the company supposedly has plans to facilitate investments from partners…

Twitter’s co-founder and former CEO, Jack Dorsey, called out Ethereum for being insufficiently decentralized on Monday. Under one of Vitalik Buterin’s Twitter posts, he alleged the protocol has “one, if not many, single points of failure.” Decentralization and Social Media Vitalik’s initial tweet did not relate to Ethereum at all. Rather, the network’s founder offered his thoughts on Elon Musk’s recent $43 billion offer to completely take over Twitter. While he doesn’t oppose Elon running the show, he stood against…

Jack Dorsey created the first-ever tweet in 2006. Its Non-fungible Token, which held so much potential, now suffers a massive devaluation. From a $2.9million purchase value, it has plummeted to only a few thousand dollars. The famous tweet read – “just setting up my twttr” – and was purchased by Sina Estavi in 2021 for 1,630.58 ether. At that time, Estavi outbid other investors to bag the NFT at about $2.9million. Estavi who is the CEO of a Malaysian-based crypto…

The International Monetary Fund (IMF) recently released its Global Financial Stability Report for April 2022. Covering the financial system’s resilience amidst the Russia Ukraine war, it repeats oft-cited concerns about crypto threatening financial integrity. Among these worries is that Russia, despite worldwide sanctions, could manage to monetize its energy resources by mining Bitcoin. Crypto: A Double-Edged Sword As claimed in the report released today, cryptocurrencies could “undermine domestic policy objectives” as they gain more widespread use. For example, crypto asset…