Cryptocurrencies | ForkLog

ForkLog 12 26.03.2024

Surge in Cryptocurrency-Related Court Cases in Russia

In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog. 62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from […]

AI translated

ForkLog 10 26.03.2024

Elizabeth Warren Labels Cryptocurrency a Tool for Fraudsters

Cryptocurrency aids rogue states, terrorists, and criminal organizations on an unprecedented scale, according to Senator Elizabeth Warren during a hearing in the Senate Armed Services Committee. She stated this in her remarks. “Cryptocurrency is a way to fund these things. It helps rogue states, terrorists, and criminal organizations sustain their operations,” she declared. Warren was […]

AI translated

ForkLog 18 21.03.2024

Bitcoin Market Regulation in Ukraine Included in €50 Billion Reform Plan

The Ukrainian government approved a reform plan under the Ukraine Facility program, which aims to secure €50 billion from the EU between 2024 and 2027. The document includes provisions concerning the cryptocurrency market. In the context of combating corruption and money laundering, Ukraine commits to aligning its local legislation with European standards and FATF norms […]

AI translated

ForkLog 5 21.03.2024

Kyiv Council Members Identified as Cryptocurrency Holders

The Ukrainian civic movement “Chesno” has scrutinized the declarations of Kyiv city council members to identify cryptocurrency holders. ? To track the assets Kyiv City Council members will declare in 2023, the Chesno Movement analyzed declarations from the start of their term and the first year of the full-scale invasion. More details in the new […]

AI translated

ForkLog 6 20.03.2024

Coinbase CEO Highlights Digital Asset Applications

Bitcoin serves as a reliable hedge against inflation and governmental manipulation, yet it has other applications as well. This was stated by Coinbase CEO Brian Armstrong in the company’s blog. “Experts often claim that cryptocurrency has no real utility beyond speculation and illegal activities. However, more than 50 million Americans and 400 million people worldwide […]

AI translated

ForkLog 5 11.03.2024

Expert Warns Against Overvalued Cryptocurrencies

Investors should approach highly valued crypto projects with skepticism due to a “wealth effect” in the market, cautioned CIO of Bitwise, Matt Hougan. 1/ Lots of discussion out there about the early start of alts season, and some surprise that it’s happening given bitcoin is “only” up a few hundred percent from the lows. Some […]

AI translated

ForkLog 7 08.03.2024

CoinGecko Analyzes Six-Year Evolution of Crypto Market Sentiment

From 2018 to 2024, market participants in digital assets were dominated by fear 54.7% of the time, greed 32%, and a balance between extremes was observed 13.3% of the time, according to calculations by CoinGecko. How has the crypto market sentiment evolved in the past 6 years? Our study shows that the sentiment has been: […]

AI translated

ForkLog 9 29.02.2024

Bank of Russia Issues New Cryptocurrency Guidelines for Banks

The Bank of Russia has stated the need to minimize the involvement of financial institutions in activities related to the circulation of digital currencies. In particular, the advertising of services for the circulation of such instruments is deemed undesirable. Commercial banks are advised to identify transactions involving the purchase and sale of digital currencies using […]

AI translated

ForkLog 25 26.02.2024

Ukrainian National Police Lead in Cryptocurrency Declarations for 2022

The data monitoring service Opendatabot calculated that in 2022, employees of Ukraine’s National Police and Prosecutor’s Office submitted the most declarations of cryptocurrency ownership. Out of 1428 declarations during the specified period, these two agencies accounted for 171 (12%) and 150 (10.5%) reports, respectively. Data: Opendatabot. Officials from city councils rank third in terms of […]

AI translated

ForkLog 10 26.02.2024

Venture Capital Investment in Crypto Startups Surpasses $90 Billion

The cumulative amount raised by crypto and blockchain firms from venture investors since 2017 has exceeded $90 billion, according to data from The Block. In February, analysts counted over 50 deals, with a total of 9500 transactions recorded since the inception of such statistics. Data: The Block. Since the beginning of the year, experts have […]

AI translated

ForkLog 12 15.02.2024

Bank of Russia Considers Cryptocurrency Investment Possibilities

The Bank of Russia continues to refrain from recognizing cryptocurrencies as a means of payment within the country, yet it is exploring ways for citizens to potentially use them. This was reported by TASS, citing the regulator’s deputy chair, Olga Polyakova. One possible scenario includes investment, taking into account the significant risks involved. “Investment is […]

AI translated

ForkLog 26 12.02.2024

Ukraine Counts Cryptocurrency Millionaires Among Officials

The data monitoring service Opendatabot has identified the largest cryptocurrency holders among Ukrainian officials. In 2022, digital assets were mentioned in 1,428 declarations by public servants, doubling the 2021 figure of 788. The three most popular coins are Bitcoin (listed in 816 declarations), Ethereum (624), and USDT (490). Data: Opendatabot. In 2021, Anna Pozdnyakova, director […]

AI translated

#Cryptocurrencies