Russian Market

2022-04-25 10:26:34 Market Overview

BTC price trades below $39K

The Top-10 are traded in red zone:
DOT -7.4%
XRP -6.8%
SOL -4.6%

Market cap: $1.90T (-2.18%)
BTC dominance: 39.05% (+0.42%)
Fear & Greed Index: 23 (Extreme Fear) Open / Comment

2022-04-24 22:22:58 Nasdaq to stop servicing Russian residents from April 29

Any active exchange subscriptions to NASDAQ data will be automatically canceled and new subscriptions will be unavailable from April 29. Starting from this date, clients from Russia will no longer be able to make online transactions on the NASDAQ, including closing positions, according to broker Saxo Bank. The exchange has not officially announced this information.

At the end of February, the American stock exchanges NYSE and Nasdaq halted the trading in stocks of Russia-based companies listed on their exchanges due to US sanctions. After that, the London Stock Exchange (LSE) stopped trading in global and American depository receipts of Russian companies for an indefinite period.

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2022-04-24 12:52:52 Market Overview

BTC price trades below $40K

The Top-10 are traded in different directions:
DOT +3.08%
SOL +0.67%
LUNA -1.6%

Market cap: 1.95T (+0.66%)
BTC dominance: 38.74% (-0.13%)
Fear & Greed Index: 24 (Extreme Fear) Open / Comment

2022-04-23 21:29:18 US Treasury sanctions more ETH wallets linked to Ronin Network attack

Last week, the United States Department of the Treasury linked North Korean hacking group Lazarus to an Ethereum wallet used in March’s $625 million exploit of the Ronin Network.

Yesterday, the Treasury’s Office of Foreign Asset Control (OFAC) added three additional wallet addresses to its sanctions list tied to North Korea’s Lazarus hacking group. Over the past week, all three wallets have received significant sums of stolen funds from the original wallet tied to the Ronin attack.

Thus, all wallet addresses on the OFAC sanctions list will be blocked from Tornado Cash, a transaction mixing service that makes it more difficult to track the movement of crypto between wallets. This Ethereum privacy tool added a feature to prevent the use of Tornado Cash from US government-sanctioned addresses just last week.

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2022-04-23 14:58:35 New York to vote on crypto mining ban next week

The New York State Assembly is due to vote on the proposed ban on crypto mining in the state during its April 25 assembly session.

The bill №A7389C aims to impose a moratorium on crypto mining operations using the Proof-of-Work consensus algorithm, such as Bitcoin and Ethereum.

The proposed bill, which was approved by the lower house in March, is facing massive backlash from several unions and communities in New York, including the Independent Power Producers of New York, the Blockchain Association and other crypto lobbyists. The campaigns are urging people to ask their assembly members to vote against the bill as it threatens jobs and innovation.

Crypto associations argue the bill cannot prevent climate impacts because it simply bans electricity use in crypto mining operations in New York alone. However, this will seriously affect the state itself, as the booming industry leaves New York.

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2022-04-23 12:10:25 Market Overview

BTC price trades below $40K

The Top-10 are traded in red zone:
XRP -2.44%
ADA -2.32%
ETH -1.45%

Market cap: $1.95T (-1.73%)
BTC dominance: 38.64% (-1%)
Fear & Greed Index: 24 (Extreme Fear) Open / Comment

2022-04-22 18:41:45 Payments giant Stripe adds crypto support for Twitter

Stripe, an online payment platform, announced it will support crypto payouts to Twitter creators. The move is part of an expansion of Stripe’s Connect service, which lets businesses connect with the firm’s payment APIs, including its KYC onboarding.

However, this will initially be available for some selected groups of creators on Twitter. Stripe will for now only support payouts in USDC, a stablecoin. Adding other networks beyond Polygon are also on the agenda, according to Stripe. Funds collected from monetising products like Super Follow and Ticketed Space are already been paid to the creators via Connect.

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2022-04-22 17:12:35 Binance CEO says exchange will comply with all sanctions

Binance CEO Changpeng Zhao said the exchange and its peers must follow new and existing sanction rules. He also said that a crypto exchange should not have the power to unilaterally freeze a nation’s user accounts.

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2022-04-22 17:02:08 Macron supports MiCA regulation and the digital euro project

French President Emmanuel Macron reportedly said he supports the current European Parliament's approach to crypto, in particular the MiCA framework, noting that the new rules should not hinder innovation.

"I don't believe in a self-regulated financial sector. This would be neither sustainable nor democratic," he said.

The French President also voiced his support for the digital euro project. In his opinion, the implementation of the MiCA will make it possible to achieve greater progress in this matter.

Macron called the Web 3.0 industry "an opportunity not to be missed." According to him, France and Europe have a chance "to lead the future generations of the web."

At the same time, the politician said that the pace of technological acceleration creates a digital divide between "those who master the codes of digital technology, AI, quantum, blockchain and all those who are excluded."

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2022-04-22 15:37:14 Yields surge pressures stocks

Equities are torn between earnings being strong overall and central bank tightening by the Fed that is coming in very hawkish. Fed Chief Powell outlined his most aggressive approach yet to taming inflation, potentially endorsing two or more half percentage-point rate increases.

Further hawkish comments from Fed and ECB officials will likely continue to bring a lot of volatility as traders scramble for clues on how to price stocks and bonds in this current environment.

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