Cryptocurrency Analysis and News Portal
Welcome back to day three of the Web Summit, one of the world’s leading tech conferences, with over 71,000 attendees on the third day. Stationed in Lisbon, Portugal, Cryptox's ground team is ready to bring the most exclusive insights on Web3, crypto and blockchain from the event.The first two days
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Bitcoin and the broader crypto market surprisingly performed over the past week. At the beginning of the week, the market saw more
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A list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid an escalating conflict in Ukraine. Major Exchanges Continue
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The new crypto sanctions imposed by the European Union are likely to spur the development of the country’s digital asset market, according to a Russian lawmaker. Anatoly Aksakov, who chairs the parliamentary Financial Market Committee, believes Russians will manage to bypass the restrictions. Meanwhile, major exchanges have reportedly informed Russian
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The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF) within a month
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Economic Calendar: ADP Employment, which measures job creation among private U.S. businesses, grew by 208,000 in September, versus consensus estimates of 200,000, and a 12% increase over the 185,000 jobs created in August. According to the report, annual pay increased 7.8% for workers who stayed at their jobs, while wages
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The crypto firm scored a procedural victory last week in part of its legal defense against the SEC. But it may not help its case. Original Source
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New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target
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U.S. equities slogged through a dreary day, with the tech-heavy Nasdaq, the S&P 500 (which has a heft technology component) and Dow Jones Industrial Average (DJIA) declining 0.8%, 0.9% and 1.2%, respectively. The personal consumption expenditures (PCE) index results for August, released Friday, spooked investors already fretting about high inflation. Original
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DeFi, and the decentralized autonomous organizations (DAOs) that govern it, “should also be subject to Union [anti-money laundering / counter terrorist financing] rules where they are controlled directly or indirectly, including through smart contracts or voting protocols, by natural and legal persons,” the text said. Source
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