Thursday, March 28, 2024
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A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’

FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried's recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its

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War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports – Bitcoin News

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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‘High Risk’ Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis

The figure that skews the data is connected to high risk activity, which could be anything from online gambling to a high-risk exchange or decentralized finance (DeFi) protocol. As Russians have been prohibited from accessing European crypto businesses due to sanctions, the rise in high risk activity connected to exchanges

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US Treasury Sanctions Russian Paramilitary Group Crowdfunding Ukraine War With Crypto

“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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Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News

According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose

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