Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive” policy, criticizing the EU for making what he termed a costly political decision. He highlighted that these […] Source: https://news.bitcoin.com/eu-bleeds-e1-5-trillion-under-anti-russian-sanctions-report/
Month: December 2024
Chainlink Hits 3-Year High Amid Record Futures Open Interest
Chainlink (LINK) has surged to its highest level since January 2022, reaching $29.45 on Thursday as demand for the asset from sophisticated investors continues to rise. The decentralized oracle network posted a 20% gain over the last seven days and a 119% increase over the past month, making it one of the best-performing cryptos in recent weeks, according to CoinGecko…
Ex-Paradigm investor raises $75M for new frontier-tech venture firm
Former Paradigm investment partner Casey Caruso’s Topology has been backed by Andreessen Horowitz’s executives, an OpenAI founder and even Paris Hilton. Source: https://cointelegraph.com/news/ex-paradigm-casey-caruso-laucnhes-vc-topology?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bank of England watchdog asks firms to disclose crypto exposure
The UK’s central bank wants to monitor the stability of crypto and set future policy and has asked local firms to disclose their current and future crypto plans. Source: https://cointelegraph.com/news/bank-of-england-pra-gathers-crypto-exposure-info?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
It’s Time Social Networks Make a Comeback
It’s 2009. You wake up to the sound of the whistling wind, cracking fall leaves, and a neighbor’s lawn mower in the distance. You open your blinds to rays of sunlight so radiant your skin warms. You finish your morning routine and meet the rest of your family downstairs for a home-cooked breakfast and good […] Source: https://news.bitcoin.com/its-time-social-networks-make-a-comeback/
Binance inflows hit $24 billion from 250M user base in 2024
Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024. Source: https://cointelegraph.com/news/binance-inflows-user-deposits-24-billion-in-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump team seek ways to slim or abolish banking regulators: WSJ
Trump’s team is asking whether the president-elect could nix financial industry regulators or combine them together, according to a Wall Street Journal report. Source: https://cointelegraph.com/news/trump-advisers-explore-slim-abolish-bank-watchdogs-wsj?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions. Source: https://cointelegraph.com/news/fdic-ordered-amend-redactions-crypto-pause-letters?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635346192293&utm_campaign=rss_partner_inbound
EU Seizure of Russia’s Assets Could Erode Euro’s Reserve Status
Seizing Russia’s frozen assets risks catastrophic fallout, including collapsing trust in global financial systems, destabilizing the euro, and sparking severe retaliatory measures. Confiscating Russia’s Assets Could Backfire Catastrophically, Euroclear Cautions EU Euroclear Ltd., the Belgian clearinghouse responsible for holding the bulk of Russia’s frozen central bank assets, has raised significant concerns about the risks and […] Source: https://news.bitcoin.com/eu-seizure-of-russias-assets-could-erode-euros-reserve-status/
Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions. Source: https://cointelegraph.com/news/fdic-ordered-amend-redactions-crypto-pause-letters?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound