Mon, June 24

Wagner Rebellion Triggers Surge in Ruble-Tether Trading Volume Amidst Political Turmoil

The paramilitary group Wagner rebelled against the military leadership in Moscow, resulting in the Russians exchanging their rubles, Russia’s currency, with the dollar-pegged cryptocurrency this weekend. This results in a total volume of trades between rubles, and the stablecoin Tether (USDT) has surged from $4 million on Saturday to $15

June 27, 2023 3 mins read

European Investment Bank’s Website Down Following Cyberattack

The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had

June 20, 2023 3 mins read

Ukrainian Regulators Plans to Implement 18% Tax on Crypto Gains From 2024

Ukrainian regulators have announced their plans to raise taxes on crypto gains starting in 2024. Both individuals and businesses involved in cryptocurrency transactions would be subject to an 18% tax on their profits under the proposed plan.  The National Commission for Securities and the Stock Market plans to charge a

June 17, 2023 1 min read

President of Ukraine Signs First-Ever NFT in the Country to Support its Military

According to a recent tweet from Iryna K, a Web3 Community Builder, President Volodymyr Zelenskyy of the Republic of Ukraine has signed the first Non-Fungible Token (NFT) in Ukraine. The approved NFT goes by the name UACatsDivision. So proud of the Ukrainian President @ZelenskyyUa, who signed the first #NFT by

April 10, 2023 2 mins read

Royal Mint NFT Proposed by UK PM Rishi Sunak Scrapped

Plans to introduce a government-backed “NFT for Britain.” As planned by crypto-friendly Prime Minister Rishi Sunak, have been scrapped in the United Kingdom. As part of the government’s aim to make the UK a worldwide hub for crypto-asset technology and investment. Chancellor of the Exchequer Sunak requested in April 2022

March 28, 2023 1 min read

Ukraine Prepones Pilot Launch of Digital Hryvnia To 2023

Mykhailo Fedorov, the minister in charge of Ukraine’s digital transformation, said in an interview that he plans to speed up the process of creating the country’s electronic hryvnia (e-hryvnia). When the pilot phase was first proposed, it was set to begin in 2024, but the government has decided to move

February 19, 2023 1 min read

Ukrainian Authorities Block Russian Crypto Exchanges as per Reports

Ukraine’s financial intelligence agency, the State Financial Monitoring Service (SFMS), has released a special report detailing the outcomes of its work in 2022. The agency said that it has helped with the country’s military effort during the continuing battle with Russia, in addition to its peacetime responsibilities like countering money

January 22, 2023 1 min read

Fedorov Desires “Ukraine to Be World Leading Jurisdiction for Crypto”

Mikhail Fedorov, Vice Prime Minister of Ukraine has announced a determination for his nation to be the world’s top cryptocurrency jurisdiction. Ukraine’s deputy prime minister wants to be the first user of a new central bank digital currency (CBDC). And also get payment in e-hryvnia. Ukraine’s Vice Prime Minister Mikhail

January 18, 2023 2 mins read

Ukraine’s Tascombank Successfully Pilot Tested E-Hryvnia

During the experimental phase of a proposal to create a currency using the Stellar network. Ukraine’s Tascombank attempted to pilot test an “electronic hryvnia.” According to a report released by the bank. The currency was used in trials to settle payments between buyers and sellers. To clarify, the bank said

January 15, 2023 2 mins read