Crypto assets fall into the category of "transferrable securities" and are therefore clearly included in the scope of sanctions against Russia, the EU said. In addition, the EU imposed similar penalties to Belarus for aiding Russia's warlike regime.
SkyBridge Capital Founder Predicts $100,000 Bitcoin Price
SkyBridge Capital founder Anthony Scaramucci reiterated his stance that Bitcoin would reach a price point of $500,000. The founder says the regulatory environment prevents Bitcoin reaching he price target of $100,000.
Ukraine Receives Nearly $100 Million in Crypto Donations
According to Alex Bornyakov, Ukraine’s deputy minister at the Ministry of Digital Transformation and the de facto crypto spokesperson of the government, Ukraine received nearly "$100 million” in crypto donations.
Morgan Stanley Now Owns More Grayscale Bitcoin Trust Stock Than Ark
Wall Street stalwart Morgan Stanley has recently increased ownership of the Grayscale Bitcoin Trust (GBTC), as it awaits the vehicle’s proposed conversion to a fully-fledged exchange-traded fund. In total, Morgan Stanley funds held 13 million GBTC shares as of the end of 2021, worth more than $371 million at press time.
US President Biden to Sign Executive Order
On Wednesday, US President Joe Biden signed an executive order (E.O.) actively calling for “urgent” action to explore Bitcoin and other cryptocurrencies as well as piloting a CBDC. The order outlines a “whole state” approach in which many regulatory agencies are called upon to cooperate in the research and development of digital assets and related regulations.
The SEC's Gary Gensler Awaits A Regulated US Crypto Market After Biden's Executive Order
US Securities and Exchange Commission President Gary Gensler said the agency would collaborate with government organizations to achieve “key public policy objectives” in the cryptocurrency sector. His comments came shortly after US President Joe Biden signed his first executive order for digital assets.
Dubai Adopts First Virtual Asset Law Establishes Regulator to Improve Crypto Sector
Earlier today, the Dubai leader signed the “digital assets law”, which established an independent authority for oversight of the cryptocurrency sector. The law aims to determine the regulatory position of the United Arab Emirates (UAE) in the sector.
US Senator Lummis: Bill to Integrate Cryptocurrencies Into Financial System ‘Almost Ready’
Immediately after US President Joe Biden signed an Executive Order addressing the government's position on cryptocurrencies, Wyoming Republican Senator Cynthia Lummis announced that she had drafted a new bill that would integrate digital assets into the financial system.
Ethereum Transaction Fees Down to a 6-Month-Low as NFT Demand Slows
The Ethereum blockchain, which has long been criticized for its high network costs, has recently declined to the lowest level of six months in gas prices - the lowest since August 2021.
VanEck Launches New Digital Asset Mining ETF (DAM)
Global investment manager VanEck launched the Digital Assets Mining ETF with the acronym "DAM". The latest exchange-traded fund was designed to enable investors to invest in firms in the digital asset mining ecosystem.
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