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The Daily Hodl
The Daily Hodl
US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit - The Daily Hodl
8 days ago
NFT
Oil Game
Floor Price
0.01 ETH
Total Volume
55.61 ETH
Minted on 20 Sep 2022
金十数据APP
金十数据APP
followers

Russia has never been so flush with cash, thanks in part to India snapping up huge chunks of Russian crude last year. A new report shared with CNN by the Center for Research on Energy and Clean Air (CREA) shows that Russian Federation revenue surged to a record $320 billion in 2023, driven in part by India's huge demand for cheap Russian oil. The report stated that India purchased US$37 billion worth of crude oil from Russia last year, approximately 13 times what it purchased from Russia before the conflict between Russia and Ukraine. India has been a large customer of Russian crude since Russia began its military campaign in Ukraine. After being hit by Western sanctions, Moscow offered deep discounts to allies such as India and China, luring these countries to buy Russian crude oil in large quantities. The two countries have replaced most of Russia's Western customers, with Russia shifting almost all its oil shipments to China and India, a senior official said last year. In particular, according to analysis by S&P Global, Russian crude oil will account for 35% of India's crude oil purchases in 2023. India is one of the world's largest oil refiners and is known to process Russian crude oil before exporting it to Western countries. CREA analysis found that from December 2022 to the end of 2023, despite Western countries banning the import of Russian crude oil at the end of 2022, India may have exported about $1.3 billion worth of Russian crude oil products to the United States through this method. The think tank

7 days ago
Crypto
ASTRA Protocol(ASTRA)

$3.23e-3

-6.37%

Market Cap
N/A
 

Volume (24h)
472.17k
 

55.04%

Released on 03 Mar 2022
davut1karabulut
davut1karabulut
followers

BitRiver approved for Russia's largest AI data center. 📟🪙🇷🇺 In a bold move challenging international sanctions, BitRiver-B, a subsidiary of the sanctioned Bitcoin mining firm BitRiver Group, is set to unveil Russia's largest AI data center in the second half of 2024. BitRiver-B is poised to redefine data center capabilities in the Republic of Buryatia and the Far Eastern Federal District, boasting an impressive 100-megawatt capacity—unmatched in the region. Despite facing sanctions from the U.S. Treasury Department, BitRiver has invested over 1.4 billion rubles (approximately $15.1 million) in this ambitious project, signaling the company's commitment to advancing Russia's technological landscape. Originally sanctioned in April 2022 for operating in the Russian technology sector, BitRiver and its subsidiaries faced isolation from the global financial system. The U.S. Treasury Department aimed to curb Russia's leverage on its natural resources, particularly through crypto mining. BitRiver-B is strategically designed to meet the rising demand for high-performance, energy-intensive computations in Russia. With a focus on crypto mining, cloud services, and AI operations, the data center aligns with projections estimating a demand of several tens of gigawatts in the AI sector by 2035. Sergey Bezdelov, the director of the Association of Industrial Mining, underscores the facility's significance in fueling the growth of high-performance and energy-intensive computing in Russia. Despite sanctions, BitRiver's commitment to contributing to Russia's technological evolution remains unwavering. The launch of BitRiver-B stands as a testament to the company's determination to play a pivotal role in shaping the country's AI landscape, defying international restrictions with a forward-looking approach. #BitRiver #mining #SergeyBezdelov #BitRiverGroup #Russia

10 days ago
MarsNext
MarsNext
followers

👉👉👉 #tether CEO implies Circle director misled Congress in 'desperation' attack on #USDT #stablecoin issuer Tether has emphasized its proactive measures in preventing the misuse of stablecoin technology by collaborating closely with global law enforcement agencies, according to a statement provided to CryptoSlate on Feb. 16. The statement comes in response to comments made by Caroline Hill, Senior Director of Global Policy and Regulatory Strategy at Circle, during a House Financial Services Committee hearing titled ‘Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.’ Hill urged authorities to scrutinize Tether's alleged involvement in terror financing. Responding to inquiries regarding Tether during the hearing, Hill appeared to directly address the stablecoin competitor, highlighting concerns over its role. In reaction, Tether's representatives reiterated their commitment to combating illicit crypto activities, emphasizing their extensive efforts in this regard. #JPMorgan analysts have suggested that American regulatory bodies, notably the Office of Foreign Assets Control (OFAC), wield significant influence over Tether's offshore utilization. They pointed to OFAC's sanction on Tornado Cash, a crypto-mixer on the Ethereum blockchain, as evidence of regulatory control. Tether, in compliance with OFAC sanctions, has frozen assets associated with sanctioned wallets. Tether asserts compliance with Treasury OFAC sanctions and cooperation with law enforcement. Analysts foresee upcoming stablecoin regulations potentially eroding Tether's appeal due to transparency and compliance concerns with KYC/AML standards. DeFi platforms, relying on USDT as collateral and liquidity, may also face scrutiny. Analysts question Tether's transparency, citing concerns over its ability to maintain its dollar peg. Tether's dominance in the crypto sector has faced criticism from Wall Street, prompting strong rebuttals from Tether's representatives over perceived double standards in the banking sector. Source - cryptoslate.com #CryptoNews

10 days ago
Cryptopolitan
Cryptopolitan
followers

Turbulence is brewing on the financial horizon, and if you’re not yet in the loop, it’s high time you catch up. The recent bombshell dropped by none other than ex-U.S. Military General Mike Flynn has sent ripples through the calm waters of American economic discourse. With a tone that’s less forewarning and more fire alarm, Flynn has vehemently spotlighted the impending financial shift that could see the U.S. dollar’s dominance on the global stage not just challenged but potentially dethroned. This is a calculated prediction backed by observable shifts in international monetary dynamics, particularly in light of BRICS’ plot against the greenback’s hegemony. The De-Dollarization Dilemma Flynn’s alarm bells didn’t ring without reason. The crux of his concern hinges on the concerted efforts by the BRICS nations to untangle themselves from the dollar’s grasp. This is a well-orchestrated plan set against the backdrop of escalating Western sanctions, especially against Russia, and the palpable fear of similar fates befalling its allies. The federation of these nations is becoming a formidable economic force intent on reshaping the international monetary order. The narrative, as Flynn puts it, hints at a shift so significant that the U.S. government’s mishandling could turn an already challenging transition into a quagmire of economic uncertainties. With every mention of the U.S. dollar’s potential decline, the discussion often pivots to America’s ballooning debt, now breaching the $34 trillion mark. The specter of an economy unable to peddle its bonds in a world that’s slowly turning its back on its currency spells a disaster of epic proportions. The U.S. finds itself at a crossroads, with the future of its financial supremacy hanging by a thread as the BRICS nations chip away at the dollar’s bedrock, a scenario Flynn describes as “death by 1,000 cuts.” On Thin Ice: The U.S.’s Economic Facade Venture beyond international finance, and you’ll find the domestic front is no bed of roses either. Despite what the S&P 500’s record highs might suggest, the undercurrents of the U.S. economy paint a far grimmer picture. The labor market, once the bulwark of economic strength, reveals cracks upon closer inspection. The glorified job numbers mask a troubling shift towards part-time employment and the rise of multiple jobholders, a makeshift dam against the tide of economic pressures. On paper, this looks like a thriving economy but a sign of underlying distress, where households juggle jobs not for surplus but for survival. Consumer confidence, a once stalwart indicator of economic health, is wavering. The drawdown of pandemic-era savings coupled with creeping delinquency rates in credit card and auto loan payments signals a consumer base bracing for impact. The housing market, with mortgage rates hovering near two-decade highs, further complicates the narrative of a resilient American consumer. This confluence of economic indicators, far from painting a rosy picture, suggests a looming recalibration of the U.S. economy’s fundamentals. The juxtaposition of a weakening dollar amidst a fragile domestic economy and the strategic defiance by the BRICS nations encapsulates a multifaceted challenge to the U.S.’s economic stability. Flynn’s forewarning, laced with the certainty of a seasoned strategist, is a clarion call to acknowledge and address the tectonic shifts underway.

10 days ago
Coinpedia
Coinpedia
followers

The post Ripple vs SEC: Attorney Reveals Key Details On The Next Important Date appeared first on Coinpedia Fintech News The SEC v Ripple Labs are preparing for a crucial judicial battle on February 20, 2024. All the eyes are on the case as this is the only thing that can turn the case upside down. Ripple is confident in its ability to negotiate the SEC’s tactics to extend the legal process for financial advantage, even though the SEC may be celebrating a previous success forcing it to release financial documents. Meanwhile, legal experts reveal some key details.  Filan Update Adds Weight to February 20th Hearing Renowned attorney James K. Filan chimed in on the importance of February 20th in the SEC vs Ripple legal battle. Ripple is expected to respond to the SEC’s inquiries on this date, marking a crucial milestone in the ongoing case.  Right now, the whole controversy revolves around the financial documents. In the remedies phase of the litigation, the court determines sanctions for Ripple’s alleged securities law violations, specifically its sales of XRP to institutional clients. The SEC filed a motion to require Ripple to provide its audited financial statements from 2022 to 2023 and contracts for sales after the lawsuit started to help the court decide. Plus, the SEC also asked for information on how much profit Ripple made from selling XRP to big investors after the lawsuit started. On this Ripple resisted at first, but Magistrate Sarah Netburn sided with the SEC. Now Ripple has to provide the requested records by February 20th. Impact on Ripple’s Future XRP Sale The upcoming release of Ripple’s financial records will greatly affect how the court decides what measures are best. In addition to fines, the threat of an injunction against Ripple’s future sales of XRP to big clients can also be affected. The SEC says these financial records are very important for determining if such an injunction is needed. If it is, Ripple might have to register with the SEC before selling XRP to institutional buyers in the U.S. What Next? Looking ahead, March 13th through April 29th marks the next significant phase in the lawsuit, during which parties will submit their respective briefs about remedies litigation. Following this period, the court will determine the appropriate penalty for Ripple’s alleged violations. Legal experts and Ripple CTO David Schwartz posit that resolution may occur this year, though the specter of appeals could prolong proceedings into 2025 or 2026. Potential Appeals and Conclusion Appeals are still possible since Ripple and the SEC can challenge disagreeing decisions. Ripple benefited from last year’s summary judgment, but the SEC still disputes sections of it. The court denied the SEC’s interlocutory appeal, complicating the judicial procedure. The district court may hear more appeals if the case ends this year. As February 20th approaches, the XRP community braces for the next chapter in this twisted lawsuit, which could impact Ripple, XRP, and digital asset regulation.

10 days ago
Crypto Expert BNB
Crypto Expert BNB
followers

#Write2Earn #TrendingTopic #PIXEL #BTC 🚫 BITCOIN IS ILLEGAL, IN THESE COUNTRIES: 🌍🦍 Bitcoin's legality sparks debate globally due to its decentralized nature and potential for misuse.👹👺 🇩🇿 Algeria: Banned Bitcoin since 2018 due to volatility and misuse concerns.🌴 🇧🇴 Bolivia: Fully banned Bitcoin since 2014 for currency control.🌺 🇨🇴 Colombia: Prohibits financial institutions from dealing with Bitcoin since 2014.🏵 🇪🇬 Egypt: Declared Bitcoin transactions "haram" in 2018, tightening banking laws.🌳 🇮🇷 Iran: Uses Bitcoin mining to bypass sanctions despite restrictions.🌷 🇮🇳 India: Plans to ban most cryptocurrencies while proposing a government-backed digital currency.🌹 🇮🇶 Iraq: Strongly opposes cryptocurrency, banning their use since 2017.🌸 🇽🇰 Kosovo: Banned cryptocurrency mining in 2022 to address energy crisis.🍁 🇳🇵 Nepal: Illegalized Bitcoin since 2017 by Nepal Rastra Bank.🍀 🇲🇰 North Macedonia: Only European country with anti-cryptocurrency law.🌿 🇹🇷 Turkey: Witnessed cryptocurrency surge amid economic instability, prompting swift regulations.🌼 🇻🇳 Vietnam: Prohibits Bitcoin issuance, sale, and use, punishable by fines.🌸 🇰🇪 In Kenya, cryptocurrency is legal but not recognized as tender or asset.🌱 These measures reflect ongoing debates on Bitcoin's legality and its impact on global financial systems.🍂

11 days ago
Cryptopolitan
Cryptopolitan
followers

The BRICS alliance—comprising Brazil, Russia, India, China, and South Africa—is expected to experience a surge in the number of millionaires over the next decade. According to a comprehensive report by Henley and Partners, these nations are poised for an 85% increase in their millionaire count, significantly outpacing the projected growth in the Group of Seven (G7) industrialized nations, set at just over 40%. However, this remarkable wealth growth indicates the increasing financial strength of the BRICS bloc. The report also says that lately, the combined investable wealth of the BRICS countries has reached about $45 trillion, signaling a robust expansion in individual and collective financial capabilities. Diverging paths of wealth accumulation Within the BRICS alliance, the distribution and growth of wealth have displayed varied patterns, with China leading the charge. Over the last decade, China has seen its private wealth grow by 92%, the highest rate among the BRICS nations. This surge has positioned China as a pivotal force in the alliance’s overall economic expansion.  There are approximately 1.6 million millionaires within the BRICS nations, complemented by a notable count of 549 billionaires. Moving forward, the trajectory of wealth growth has not been uniform across the bloc. While China has witnessed a significant increase in the number of millionaires since 2013, other key members, such as Brazil, South Africa, and Russia, have seen varying degrees of growth. Russia, in particular, faces challenges in catching up due to international sanctions related to its geopolitical actions, highlighting the complex interplay between economic performance and political factors within the BRICS group. Investment, development, and future prospects of BRICS nations The escalating wealth within the BRICS nations is expected to catalyze further economic development and cooperation within the bloc. The increase in investable wealth and the burgeoning millionaire population offer a fertile ground for expanding the BRICS New Development Bank’s initiatives. This financial infusion is anticipated to facilitate many projects to foster business growth and economic development across the member countries. Such initiatives are not only poised to strengthen the internal economies of the BRICS nations but also to create more opportunities for wealth creation, thereby contributing to the alliance’s financial resilience and global influence. Despite the disparities in wealth growth among its members, the collective approach of the BRICS nations towards leveraging their increased funding for mutual development embodies a strategic effort to overcome individual challenges, including those faced by Russia amid international sanctions. Overall, the projected surge in millionaires within the BRICS nations over the next decade showcases significant change in global wealth distribution, highlighting the bloc’s growing economic power. With China leading in wealth growth and strategic investments poised to propel further development, the BRICS alliance is set to solidify its position as a formidable force in the global economic arena, challenging the traditional dominance of the G7 countries.

12 days ago
Cryptopolitan
Cryptopolitan
followers

Gone are the days when the BRICS coalition was just a fancy acronym for an emerging economic alliance. Ethiopia, the latest jewel in the BRICS crown, has boldly stepped into the Bitcoin mining arena, sealing the deal with China, a move that has everyone’s eyebrows dancing. This is a full-on leap into the digital currency cosmos, with hydropower at its heart. A Leap Into Digital Wealth Ethiopia’s embrace of Bitcoin mining is a calculated dive into the deep end, powered by the country’s abundant hydropower resources. The Ethiopian State Electricity Company has thrown open its doors, offering up affordable hydropower to lure in foreign investors, and China—with its keen eye for opportunity—has eagerly stepped through. Nineteen Chinese Bitcoin miners have now secured their slice of the Ethiopian power pie, a testament to the allure of Ethiopia’s energy offerings. However, this deal is no simple handshake. Ethiopia has woven a tapestry of regulations around Bitcoin mining, ensuring that every thread of the process is government-approved. Nemo Semret, the CEO of QRB Labs, paints a picture of a rigorous two-year quest for these essential permissions, highlighting the nation’s cautious yet determined approach to welcoming this new economic venture. As Ethiopia carves out its niche in the Bitcoin mining world, the rest of the BRICS brigade watches with keen interest. China’s leap into Ethiopian hydropower might just be the starting gun for a wider BRICS foray into the sector. This is a potential game-changer for the global Bitcoin mining landscape, challenging even the dominance of Texas, the current heavyweight champion of the Bitcoin mining world. Shifting Sands of Global Trade But wait, there’s more! The BRICS bloc is reshaping the very foundations of international trade, moving away from the US dollar with a swiftness that has the currency markets doing double-takes. Russia, China, and India have dramatically shifted towards using their local currencies for trade, leaving the US dollar in the dust in a staggering 95% of their transactions. This seismic shift in currency usage underscores a broader strategy of de-dollarization, driven by a desire to insulate the BRICS nations from external economic pressures, including Western sanctions. The ripple effects of this move are profound, with the Russian ruble and other friendly nation currencies seeing a significant uptick in cross-border transactions. This is a full-on storm, reshaping how global trade winds blow. China’s burgeoning trade relationship with Russia, accounting for a whopping 29% of its trade turnover, is a case in point. The move towards settling nearly 70% of their trade in local currencies is a bold statement of economic independence and resilience.

13 days ago

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