Economics

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow-Based Bank Evrofinance Over Involvement With PetroThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The […]

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Survey: 70% of Cryptocurrency Owners Rarely Use Crypto for Payments

A recent survey has found that the majority of cryptocurrency owners rarely use it for making payments. One somewhat unexpected reason postulated for this is that some people are still nervous about making cryptocurrency transactions. Also Read: Canaan Creative Secures Hundreds of Millions of Dollars in Funding Only 30% Use Crypto as Currency The Foundation […]

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The Long Relationship Between In-Game Gold and Bitcoin Continues to Thrive

The Long Relationship Between In-Game Gold and Bitcoin Continues to ThriveMost people understand that cryptocurrencies like BTC can be traded for dollars, euros, yen, and a wide variety of nation-state issued currencies. However, they may not realize that virtual items like in-game gold from popular role-playing games (RPGs) like Runescape, Guild Wars, and World of Warcraft have been sold for bitcoins since 2012. Also read: […]

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Niall Ferguson Retracts Critical Appraisal of Crypto and DLT

Prominent British historian and author of ‘The Ascent of Money,’ Niall Ferguson, has retracted the pessimistic assertions that he had previously made with regards to the prospective utilities for Bitcoin and distributed ledger technology. The comments come one month after Ferguson was announced as an advisor to the stablecoin Ampleforth. Also Read: How to Use […]

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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

British Regulator: 3% of UK Consumers Surveyed Had Bought CryptoassetsThe U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers. Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina 3% of Brits Report Buying Crypto Assets The number of […]

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How Supply Affects Crypto’s Value, Explained

“Deflation” has been a bad word in the global economy for a while — but supporters of cryptocurrencies with fixed supplies believe it can be a good thing

Nordea Bank Faces Allegations of Laundering Russian Millions

Nordea Bank Scandal: Firm Faces Allegations of Laundering Russians' MillionsFinnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in the Nordic region. Also read: Startup Company Sets Up Bitcoin ATM in Botswana […]

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Venezuelan Explains How Bitcoin Saves His Family

Venezuelan Explains How Bitcoin Saves His FamilyAs the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval […]

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Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market

Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market due to 'Generational Shift'Nearly half of millennial traders have more faith in cryptocurrency exchanges than they do in traditional ones. They are also enthusiastic about the prospect of traditional financial institutions offering crypto assets. That’s according to a new survey which shows a “generational shift” where millennials “place their faith in the power of technology and open networks.”  […]

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The Importance of Risk Management and Psychology When Trading Crypto

In 2017, as crypto mania escalated, we witnessed extreme cases where individuals decided to make huge bets on bitcoin. Some liquidated all their assets and invested their life savings. Most of these investors were subsequently gored by the same bull that had led them and then rekt during the ensuing bear market of 2018. Knowing your […]

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