France is resisting calls to seize frozen Russian assets for Ukraine aid, warning that confiscation would violate international law, destabilize the eurozone, and set dangerous economic precedents. France Stands Firm Against Seizing Russian Assets for Ukraine Aid France remains opposed to seizing frozen Russian assets to fund military aid for Ukraine, warning that such a … Read more
On March 5th, COINOTAG reported significant activity in the cryptocurrency market as a notable whale strategically **shorted** the **ETH/BTC** exchange rate, according to monitoring from **LookIntoChain**. In a critical move, this whale executed a withdrawal of **2770 cbBTC**, valued at **US$243 million**, from **Coinbase**. Following this, the whale deposited **2219 cbBTC**, equivalent to **US$194.6 million**, … Read more
Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2 and has yet … Read more
Homepage > News > Business > Japan eyes public services modernization Japanese authorities have expressed a keen intent to integrate emerging technologies into the nation’s public services, eyeing modernization and efficiency for residents within three years. According to a report, the country is focused on improving its water supply and sewage systems with next-generation technologies … Read more
The Bank of Israel released a preliminary design proposal for a digital shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent as yet for an official launch. On March 3, the Bank of Israel’s Steering Committee issued an initial design for an in-house CBDC — outlining its supporting ecosystem, functionality, technical … Read more
Reddit co-founder Alexis Ohanian has confirmed he has joined Project Liberty’s bid to acquire TikTok’s US operations with the aim of bringing the platform onto a blockchain. Ohanian’s involvement was first reported by Reuters on March 3, with Project Liberty founder Frank McCourt announcing Ohanian would be joining as a strategic adviser specializing in social … Read more
El Salvador faces critical compliance reviews from the IMF, as President Nayib Bukele defies new demands linked to a crucial $1.4 billion loan agreement. The International Monetary Fund (IMF) has introduced stringent conditions that could jeopardize El Salvador’s financial assistance, compelling the government to reassess its Bitcoin strategy. Amidst rising tensions, Bukele’s persistence was echoed … Read more
Bitwise’s executives have criticized the U.S. crypto reserve’s inclusion of ETH, XRP, SOL, and ADA, arguing bitcoin alone is a true reserve asset. Bitwise Reacts to Trump’s Crypto Reserve—Did Altcoins Just Weaken the Plan? Many leaders in the cryptocurrency industry, including executives at asset management firm Bitwise, have voiced their opinions on the U.S. crypto … Read more
The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to include decentralized exchanges … Read more
A Manhattan federal court judge has delayed the US government’s case against former Terraform Labs CEO Do Kwon after prosecutors requested more time to review another four terabytes of evidence. In a March 3 order, Judge Paul Engelmayer moved a hearing slated for March 6 to April 10 after the prosecutors said in a Feb. … Read more