Financial News

While the token is about two months old, it has already garnered a significant number of investors who went berserk as the coin rallied yesterday.

Today, the decentralized exchange’s token witnessed a significant bull push thanks to the whales, who made it the most traded asset on BSC.

Analysts are of opinion that weaponizing instruments like SWIFT against Russia could convince nations like China to build an alternative to escape American dominance.

South Korea joins China in developing an ecosystem in the Metaverse. A continued rise in activity will push land prices further northwards.

The Supreme Court of India has asked the government to “make a clear stand” on whether Bitcoin is a legal tender in the wake of increasing crypto scams.

Amid new developments in Ukraine’s crackdown against Russia, Mykhailo Fedorov has called on crypto exchanges to freeze the accounts of Russian and Belarusian users.

The deal comes when Russia and Ukraine are discussing the possibilities of a ceasefire in Belarus after Russia alerted its Nuclear deterrents.

The Ukrainian government has raised almost $19 million in crypto donations after posting appeals on social media.

Filmmakers and digital assets continue to unite, with NFTs and DAOs now seen as a major funding source for independent film.

Concerns over Russia’s use of crypto assets to evade sanctions have led to some unprecedented moves by governments in recent days.

The decision by Western allies to block certain Russian banks from the SWIFT payment system is likely to lift oil prices well above $100 a barrel.

While central banks and a busy economic calendar will draw plenty of interest, news updates on Russia’s invasion of Ukraine will remain the key driver.

Mortgage rates dipped last week and could dip again should Russia’s invasion of Ukraine continue through the first half of the week.

ECB President Lagarde talked of the ability to capture illicit crypto fund flows into stablecoins and fiat in an informal press conference on Friday.

BitConnect founder Satish Kumbhani will likely face a heavy fine and a lengthy jail sentence for running a Ponzi scheme.

While the global equity markets saw red, the Aussie Dollar and the Kiwi Dollar bounced back. Russia’s invasion of Ukraine also supported USD demand, however.

The DAX led the way down, as the markets responded to Russia’s invasion of Ukraine. Hopes of a FED pause on policy provided some support late in the week.

The explosion of the NFT market has lured global firms to monetize on the same. Rakuten is the newest one to join the line with its NFT marketplace launch.

The guest cited multiple reasons behind this notion including the lack of decentralization and the controlled issuance of the currency.

Data obtained from the Kuna exchange indicates that citizens are dumping their fiat and converting it into stablecoins over other cryptocurrencies.