Ukrainian President Volodymyr Zelenskyy has legalised crypto in the country, signing it into law a bill on virtual assets, amid a frenzy of digital asset donations to support the country’s defense against Russian invasion.

Binance, the world’s largest crypto exchange, said on Wednesday that it has been granted a licence to conduct some operations in Dubai from where it plans to carry out regional business.

Volodymyr Zelenskyy, the President of war-torn Ukraine legalised the crypto sector, catapulting majority cryptocurrencies into the profit zone. Along with Bitcoin and Ether, Binance Coin, Cardano, Solana, and Avalanche saw gains. Stablecoins such as USD Coin and Tether, however, lost values after the US increased its interest rate on the US dollar in order to check th…

Deloitte has published a report that says Bitcoin has the potential to serve as the base for a cheaper, faster, and secure environment for electronic fiat currency or central bank digital currency (CBDCs).

Argentina has closed a deal with the IMF that buys it more time to settle millions of dollars’ worth of debt with the international financial body. One of IMF’s conditions calls for Argentina to curb crypto usage. The IMF is worried that cryptocurrencies could help criminals fund terror and unlawful activities.

American Express is planning to join its contemporaries — Visa, JP Morgan, and Mastercard in foraying into the web3 sector. The company has filed for trademarks around its plans to enter the metaverse and NFT zones. The New York-based company also plans to bring an NFT marketplace, its filing suggests.

ConsenSys, a Blockchain technology firm, announced on Tuesday that its valuation has more than doubled to over $7 billion (roughly Rs. 53,421 crore) after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.

Former Meta personnel and key players from the company’s now-defunct stablecoin project Diem have secured $200 million (roughly Rs. 1,525 crore) to build a new project called Aptos — a decentralised Layer 1 blockchain.

Kazakhstan is ramping up efforts to bust illegal crypto mining hubs in the country, that is currently facing electricity woes. The authorities have registered 25 criminal cases and seized over 67,000 pieces of equipment worth about KZT 100 billion (roughly Rs. 1,478 crore) as part of these raids.

Just a day before the US Federal Reserve plans to announce its first rate hike in four years, Bitcoin bulls made a surprising move up and beyond the $41,000 (roughly Rs. 31 lakh) mark, only to fall back below $40,000 at the time of writing.