By Elizabeth Howcroft The illegal use of cryptocurrencies hit a record $20.1 billion last year, when prices skyrocketed transactions with Business under U.S. sanctions, data from the security analytics firm showed on Thursday “blockchain” Chainalysis. The cryptocurrency market faltered in 2022 as risk appetite waned and several crypto companies went under. Investors suffered heavy losses […]
Tag: Cryptocurrencies
The crypto contagion worsens: Coinbase will cut almost 1,000 jobs
Coinbase Global Inc. It said Tuesday it will cut its headcount by about 20%, or about 950 employees, as part of a restructuring plan, in the third round of layoffs from the cryptocurrency exchange since last year. The company said it expects to incur around $149 million to $163 million in restructuring expenses. Its shares […]
Cryptocurrencies advance moderately in the Peruvian market
Cryptocurrencies are gaining more and more relevance in Latin American countries such as Argentina, Brazil, Venezuela, among others; although in Peru, only 1.2 million citizens have any of these virtual currenciesaccording to the company chainalysis. Likewise, the traded volume increased from 7% in 2021 to 17% in 2022clarifies the exchange firm Buda. “Peru is in […]
There will be no financial crisis in the United States, according to Nobel Prize winner Philip Dybvig
Philip Dybvig, one of the winners of the 2022 Nobel Prize in Economics, noted that a financial crisis is not expected in USAbecause the banking sector would not be going through any kind of “problems”. The professor indicated that the world economy is currently going through a period of uncertainty as a result of the […]
What role do cryptocurrencies play in the war in Ukraine?
On Ukrainecryptocurrencies play a role never seen before, allowing the government to raise millions of dollars to finance its response to the invasion of Russia. Why has Ukraine bet on cryptocurrencies and how is this going to change a still very young sector? – How many cryptocurrencies have they raised? – From the first hours […]
Cyberwar: Ukrainian ICT sector becomes a weapon against Russia
Attacks on Russian websites, donations in cryptocurrencies, notifications with images of the war and information about the number of Russian soldiers who have died in it: Ukrainian technology companies and industry specialists have also become relevant players in the war with Russia. Reface, a Ukrainian meme creation startup, has sent two million users in Russia […]
Biden orders the government to study the creation of the digital dollar and the risks of cryptocurrencies
US President Joe Biden signed an executive order on Wednesday directing the government to assess the risks and benefits of creating a digital Federal Reserve dollar, as well as other issues related to cryptocurrencies, the White House said. Biden’s order will require the Treasury Department, Commerce Department and other key agencies to prepare reports on […]
US seeks way to regulate cryptocurrencies
Updated on 03/08/2022 12:49 pm President Joe Biden will this week sign what will be the first US move toward cryptocurrency regulation. The move comes as authorities fear Russia is trying to use cryptocurrencies to evade sanctions that the international community has imposed on it over its invasion of Ukraine. The sanctions have caused the […]
Bitcoin falls 7.3%: cryptocurrencies close the week with losses of US $ 80,000 million
After having reached a weekly rally of 14% this Thursday, the price of Bitcoin fell 7.3% on Friday, March 4, to position itself above US$40,000. The decline comes amid heightened investor uncertainty over the escalation of the Russian invasion of Ukraine. According to a report from the Criptonoticias portal, both the shares grouped in the […]
Cryptocurrencies: how to invest and generate higher returns with Bitcoin, Ethereum and others?
Investing in cryptocurrencies like Bitcoin, ethereum and others has increased in the Peru in recent years; Thus, the use of these digital currencies increased by 13% and in the region it already amounts to 97%. “Although the issue is becoming more widely known, investing in these currencies involves time and commissions in which people, if […]