The EU is working to ensure that digital assets do not bypass sanctions imposed by the alliance against Russia, French Prime Minister Brune Le Maire said on Wednesday (March 2nd). A twenty-seven-nation alliance imposed strict sanctions on Russia for attacking Ukraine. The sanctions include freezing assets belonging to the Central Bank of Russia and removing seven of Russia's banks from the list of swift financial messaging systems.
Bloomberg: Bitcoin Can Outperform Stocks in 2022
The report, published by the BI analyst team led by chief commodity strategist Mike McGlone, compared market trends in both the stock market and the crypto market. From the cross-examination, it was noted that the two main trends in the Bitcoin market seem to be gaining ground. These are Bitcoin's current fierce competition against the Nasdaq 100 index, while at the same time reducing relative volatility.
Mike McGlone: Russia-Ukraine Conflict Helps Bitcoin Become a Global Digital Collateral
Bloomberg's chief commodity strategist Mike McGlone has long argued that Bitcoin is on its way to becoming a “global digital guarantee”. Increased oil prices caused by the Russia-Ukraine conflict will accelerate the process, he said in a tweet today.
Ethereum Gets Ready for Final Merge Test Network
It’s the final countdown in ethereum Proof of Stake (PoS) development as preparations are undertaken to launch the last public testnet before the merge. “We want the clay testing network to be the last public testing network,” says Parit Hosh, who identifies himself as the Validator Whisperer at the Ethereum Foundation. "If all customer teams are ready next week, we want to start Kiln with full v2 capability."
Cryptocurrency to be Taxed through Tether Partnership in Lugano, Switzerland
The Italian-speaking city of Lugano, the economic capital of southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with Tether (USDT) stablecoin provider.
75% of Investors in Emerging Markets Want More Crypto Investments
A recent survey found that 75% of investors in emerging markets in Asia-Pacific and Latin America want to increase their investment rates in cryptocurrency investments.
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