conflict

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

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There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can…

Police in Kosovo Seize Crypto Mining Rigs From Serbs

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Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the…

Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils

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The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support their military and humanitarian activities, Elliptic says in a report. According to the blockchain forensics company, the targeted nation has attracted more…

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

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Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as…

US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency

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A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies,…

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

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An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex…

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

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Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been…

Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions

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Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces. Russians’…

Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached

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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions….