Bitcoin News and Finance: What You Need to Know

On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro Dollar monetary system” ended. Speculation Concerning an Independent International Monetary and Financial System Free From the Petro Dollar and Euro Dollar Monetary System There’s been a lot of economic calamity since the start of the Russia-Ukraine conflict, as financial conditions worldwide have tightened and Russia has been sanctioned by a large swathe of countries. Analysts and economists believe the war and sanctions could have negative effects on the global economy and on March 5, the International Monetary Fund (IMF) warned the “economic consequences are already very serious.” A few days after the IMF warning, U.S. lawmakers int...

PRESS RELEASE. Meme coins have been trending for a while now in the crypto space and most of them are animal related. Dogs, in particular, are the most popular meme element used in global meme coin community. From Dogecoin to Shiba Inu (SHIB), the success of numerous meme coins has been witnessed by the vast majority of crypto investors and enthusiasts. And now, this everlasting trend of using animal as the major meme coin element might just come to an end, with the inception of a new meme created by a prodigy. Recently, random (RND), a 12-year-old primary school student’s new project, once again set off a “meme boom” and caused a sensation in the crypto community. After receiving widespread attention, it’s now listed on LBank Exchange to provide opportunities for more people who are interested in investing RND. Meme and the Prodigy On February 6, an extensive discussion occurred in the crypto space, all because a 12-year-old child released a video tutorial of smart contract on bi...

Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they stressed. EU Supervisory Authorities Warn About the Danger of Investing in Crypto Assets Three European Supervisory Authorities (ESAs) issued a joint statement warning about the risks of crypto assets Thursday. The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) “warn consumers that many crypto assets are highly risky and speculative.” Their statement also outlines “key steps consumers can take to ensure they make informed decisions.” The regulators explained that their warning followed “growing consumer activity and interest in crypto assets and the aggressive promotion of those assets and related products to the public, including through social media.” The supervisory authorities st...

Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information. Media Told to Offer Guidance A Kenyan cabinet secretary has claimed his fellow countrymen lost about $120 million to crypto scammers in the last financial year. The secretary, Joe Mucheru, added that many Kenyans are getting scammed because they lack the proper information. In his remarks while speaking at a conference focused on law and order, Mucheru suggested the number of those suffering after losing funds to criminals can be reduced if the media plays its part. He explained: I think even as you report and investigate these issues, you can also be giving people guidance on the direction, where they need to invest, how they need to protect themselves. Mucheru also encouraged the shar...

President Volodymyr Zelenskyy has signed the law “On Virtual Assets” which aims to regulate the crypto market in Ukraine. The approval comes as his country is increasingly relying on cryptocurrency donations to fund its defense and deal with humanitarian problems amid an ongoing Russian invasion. Law Regulating Cryptocurrencies Approved by Ukraine President Zelenskyy Ukrainian President Volodymyr Zelenskyy has signed into law a bill establishing rules for cryptocurrency transactions. The law “On Virtual Assets” will allow crypto platforms to operate in the country which has been using digital assets to finance its defense efforts and help its civilian population in the face of Russia’s military assault. “Ukraine has legalized the crypto sector,” the Ministry of Digital Transformation tweeted on Wednesday. “From now on, foreign and Ukrainian cryptocurrency exchanges will operate legally and banks will open accounts for crypto companies,” added the department, which has been involv...