Tag: Russia

UK Cracks Down: $9.3B Ruble-Backed Crypto Network Linked to Russia Sanctioned

By Samuel Edyme The United Kingdom has introduced new sanctions targeting Kyrgyzstan’s financial sector and cryptocurrency operations allegedly tied to Russia’s efforts to bypass Western restrictions. The measures include actions against banks, exchanges, and individuals accused of facilitating a ruble-backed stablecoin network that processed billions of dollars in transactions. According to a statement from the […]

This Week in Crypto: Digital Gold Sinks as Regulation Tightens, Fed Holds Rates, and ChatGPT Sparks Privacy Debate

By Emir Abyazov Key highlights: Crypto market tumbled: Bitcoin lost 3.5%, Ethereum 8.5%. SOL (-13%), DOGE (-16%), market cap down 6%.  The Fed kept the key rate at 4.25-4.5% as expected; a cut is eyed next.  White House released landmark crypto oversight recommendations.  ChatGPT chats became searchable online; OpenAI disabled sharing feature. Bitcoin started last […]