Amid sanctions, Russia weighs crypto for international payments: Report By Cointelegraph

Amid sanctions, Russia weighs crypto for international payments: Report The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based Interfax news agency and Reuters reported Friday that Ivan Chebeskov, who heads the … Read more

Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more By Cointelegraph

Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with breaching the $1 trillion trading volume mark. Terra remained … Read more

Swinburne Uni brings Web3 firms to class By Cointelegraph

Swinburne Uni brings Web3 firms to class Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world. The partnership is between Swinburne and small business loan provider Judo Bank along with Banxa, a payment service provider with a fiat-to-crypto … Read more

Brainard tells House committee about potential role of CBDC, future of stablecoins By Cointelegraph

Brainard tells House committee about potential role of CBDC, future of stablecoins United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee’s virtual hearing, “On the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC),” that took place Thursday. That was a sound strategic … Read more

One River’s spot Bitcoin ETF application rejected by SEC By Cointelegraph

One River’s spot Bitcoin ETF application rejected by SEC The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the … Read more

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’ By Cointelegraph

Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’ American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations. Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion … Read more

Crypto is changing how humanitarian agencies deliver aid and services By Cointelegraph

Crypto is changing how humanitarian agencies deliver aid and services The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative … Read more

Exchanges show initial support to Terra revival by listing new LUNA token By Cointelegraph

Exchanges show initial support to Terra revival by listing new LUNA token Crypto trading platforms show initial signs of support for the revival of the collapsed network by listing Terra’s brand new token, also named LUNA. The HitBTC exchange took to Twitter (NYSE:) on Wednesday to announce that Terra’s new chain token Luna will be … Read more

Analysts say the Fed has no choice but to continue raising rates By Cointelegraph

Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are … Read more

Weak stocks and declining DeFi use continue to weigh on Ethereum price By Cointelegraph

Weak stocks and declining DeFi use continue to weigh on Ethereum price Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from … Read more