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The National Bank of Ukraine says it is looking at retail payments, virtual asset circulation and cross-border transactions as possible use cases for a central bank digital currency. Original Source
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The reality is this is closer to a case of much ado about nothing. Celsius didn’t receive a material amount of funds from its donation drive, and what little bitcoin it did get it sent on to Ukraine. The ether stayed in the wallet, but in the amount in question
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Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against cyberattacks and jamming,
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The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in
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According to Chainalysis data, Russia's stablecoin usage has increased since
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Cryptocurrency worth at least $4 million and counting has been sent to groups supporting Russia's military in Ukraine, according to a Wired report. The analyses involved separate findings from cryptocurrency-tracing firms Chainalysis, Elliptic, and TRM Labs, along with investigators at Binance, the world's largest cryptocurrency exchange. Source
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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 Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet
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Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training. Paramilitary Groups Employ Cryptocurrency to Fund Russian Operations in Ukraine Pro-Russian
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“In 2015, Rusich mercenaries were accused of, and filmed, committing atrocities against deceased and captured Ukrainian soldiers. Rusich is associated with OFAC-designated groups Private Military Company Wagner and Interregional Social Organization Union of Donbas Volunteers,” Treasury said in a press release. Source
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The war time conference brought together 30 tech experts, the most high profile of them being Buterin and two government officials – Mykhailo Fedorov, the country's vice prime minister and Digital Transformation Minister for IT Development, and Alex Bornyakov, Fedorov's deputy and the face of Ukraine's use of crypto. Source
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