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The European Union has banned deposits in crypto wallets for citizens of the Russian Federation and Belarus, the German police seized the Hydra servers, LocalBitcoins transferred the data
The European Union has banned deposits in crypto wallets for citizens of the Russian Federation and Belarus, the German police seized the Hydra servers, LocalBitcoins transferred the data of over 100,000 Russian users to the tax authorities, and other events of the week leading up to it.
After a local rally at the end of March, Bitcoin prices have corrected 6.5% over the week. At the time of writing, digital gold is trading around $42,880.
The flagship has traditionally taken the rest of the market with it. All digital assets in the top 10 by market cap closed the week in red. The worst performers were Terra (-17.9%), Solana (-14.5%) and Avalanche (-12.2%). Ethereum is down 4.6%.
According to the CoinCodex service, the management token of the stablecoin issuing platform, ICHI, has risen the most during the week among mid-cap digital assets. Its price has increased by 83.99%.
The token of the Waves blockchain platform has dropped in price more than any other. Its price has decreased by 50.66%.
The total capitalization of the cryptocurrency market has reached $2.09 trillion. The Bitcoin dominance index rose to 39%.
The European Union has approved the fifth package of sanctions against Russia for its invasion of Ukraine. The measures taken by the EU include an “extended ban” on deposits in cryptocurrency wallets and the sale of banknotes and securities in any currency of EU member states to individuals and legal entities from the Russian Federation and Belarus.
This week, the Central Bank of the Russian Federation acknowledged the impossibility of circumventing sanctions with the help of bitcoin.
The German Federal Criminal Police have seized the German servers of the Hydra darknet market. As part of the international operation, 543 BTC with a total value of approximately 23 million euros was also seized. The investigation into the case has been ongoing since August 2021 with the participation of the US authorities.
As part of the investigation, the US Treasury imposed sanctions on Hydra and the Garantex cryptocurrency exchange. The Treasury’s Office of Foreign Assets Control has identified more than 100 crypto addresses associated with illegal transactions.
Later, the Northern District Court of California filed an indictment against 30-year-old Russian Dmitry Pavlov, one of the administrators of the Hydra darknet market (conspiracy to administer the platform, provide hosting services, money laundering and drug distribution). .
Also this week, St. Petersburg district court has allowed investigators to confiscate stolen Ethereum coins from a suspect’s wallets. The decision sets a precedent in the judicial practice of the Russian Federation.
The Tax Office of the Russian Federation received information about more than 100,000 users of the LocalBitcoins P2P platform in 2021. This was explained by the managing partner of GMT Legal Andrey Tugarin with reference to these departments. He explained that LocalBitcoins forwarded the data to the Finnish tax authorities, which provided them at the request of the Federal Tax Service of the Russian Federation.
Changpeng Zhao, founder and CEO of Binance, took the first place in Forbes’ ranking of the richest people in the blockchain and cryptocurrency industry. With a fortune of $65 billion, he ranked 19th in the list of the richest people in the world.
In second place in the ranking was last year’s leader – Sam Bankman-Fried ($24 billion), co-founder and chairman of FTX. The first three were capped by Brian Armstrong, founder and CEO of Coinbase, with a fortune of $6.6 billion. The publication counted a record 19 billionaires in the industry.
Ethereum co-founder Vitalik Buterin donated 1,500 ETH (~$5 million) to Ukraine and the Unchain Ukraine state crypto fund. Both structures received 750 ETH.
The United Nations High Commissioner for Refugees (UNHCR) this week accepted a $2.5 million BUSD donation from Binance Charity.
Binance exchange will also issue a charity cryptocurrency card for all Ukrainians who have left the country and need help during the month of April.
Intel has announced the launch of the second generation of its own bitcoin ASIC chip called Blockscale.
It provides a hashrate of up to 0.58 TH/s with an energy efficiency of approximately 26 J/TH. 256 chips can be combined in a circuit (~148.5 TH/s).
Intel announced this week that it is suspending operations in Russia in response to the invasion of Ukraine.
The SberCoin.Finance project has launched trading in the SBER token under the guise of Sberbank’s official stablecoin. The developers announced their affiliation with the lender and promised fixed annual returns of 383,025%.
In a comment to ForkLog, representatives of Sberbank denied involvement in this project, explaining that the official Sbercoin has yet to be released.
MacroStrategy, a division of MicroStrategy, bought 4,167 BTC worth $190.5 million. The company currently has 129,218 BTC reserves.
On April 8, the Near Protocol project token increased by 22.7%. NEAR’s capitalization has exceeded $12 billion.
The drivers of growth were news about a $350 million funding round and rumors about the launch of the USN algorithmic stablecoin. The end user in the test interface of the Ref Finance protocol.
Hardware wallet manufacturer Ledger has introduced the Nano S Plus, a new device aimed at NFT collectors and DeFi users.
According to the developers, the new device has a larger screen and increased memory capacity “allows you to install more than 100 applications and manage over 5,500 digital assets.”
The Lightning Labs team has closed a $70 million Series B funding round. The funds will be used to develop the Taro protocol, which, among other things, allows you to issue stablecoins on the Bitcoin network and use them in Lightning Network applications.
Strike CEO Jack Mullers has announced several Lightning Network-based payment app operator partnerships, mainly with Shopify. The integration will exclude banks from the calculations. This will save on commissions for sellers and privacy for buyers.
Online broker Robinhood has expanded access to its cryptocurrency wallet beta testing and announced plans for Lightning Network integration “in the coming months.”
According to Arthur Hayes, the main factor in driving prices to new highs will be the transition to the Proof-of-Stake algorithm, after which Ethereum will function as a commodity bond.
Igor Chuprin, founder of Zotobi Management Limited, has requested that Telegram return all of its investments in the Telegram Open Network (TON) project in the amount of $1 million.
However, the court dismissed the claim, considering that Chuprin was aware of, or “understands all the risks, and did not bother him” because the documents were distributed on the network and discussed in the blockchain community. This is evidenced by the signed agreement.
According to the post, Meta is considering creating a few central tokens such as “social” or “reputation” (for its own metadatabase) and reward tokens (for content creators, influencers, and Instagram users). It is “unlikely” for tokens to use blockchain technology in their business.
At the Bitcoin 2022 conference in Miami, Jordan Peterson, philosopher and professor of psychology at the University of Toronto, described the first cryptocurrency as revolutionary, but it caused concern.
According to him, a decentralized monetary system that would eliminate the state of monetary control, along with positive changes, carries unforeseen risks.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
