Schlagwort: crypto business

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Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia

European Central Bank president Christine Lagarde also said this week that Russians were using digital assets to shirk sanctions.

The founder of Ukraine-based crypto exchange Kuna, and the manager of Crypto Fund of Ukraine Michael Chobanian is suggesting Binance needs to be investigated for potential collusion with Russia over sanctions.

In comments reported by CoinDesk on Thursday, Chobanian asked the European Union to take that step to determine whether indeed the leading crypto exchange had “cooperated” with Russia to help Putin’s government evade sanctions.

Chobanian, also the head of Blockchain Association of Ukraine, told the publication that he would apologise if investigations proved Binance had done no wrong. But he added that if it’s confirmed, then the EU would need to handle it.

The accusations surfaced last week, with Binance moving to refute the Kuna crypto exchange founder’s allegations.  

It’s like a „big bank“

Although Chobanian says there is no proof of anything yet, this is what might be happening. He opined that it’s likely Russia is using Binance as a “bank.” 

Instead of buying Bitcoin or crypto, those seeking to evade sanctions can just “top up” their accounts using rubles, convert that into US dollars and comfortably withdraw the money in a different country.

It could happen even without crypto changing hands, he said. “It is fiat transaction in, fiat transaction out,” he told CoinDesk.

The allegations are in line with some concerns from authorities that Russian oligarchs could turn to crypto to circumvent sanctions. Many industry experts and lawmakers see crypto as being of little help to sanctioned individuals and the Russian government.

However, some regulators and leaders say it’s possible. This week, the European Central Bank (ECB) president Christine Lagarde warned that Russia was using crypto to dodge sanctions.

The post Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia appeared first on Coin Journal.

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Why did Dogecoin (DOGE) price jump 13% today?

Dogecoin jumped by over 13% earlier today to hit a daily high of $0.1406 before slightly pulling back to its current price of $0.1353 though still in the green.

The majority of meme coins including Dogecoin and Shiba Inu have been on the red end over the past couple of months but that seems to have changed with the current general crypto market correction.

In this article, we shall take a keen look at why Dogecoin (DOGE) rising.

Factors currently pushing the price of DOGE up

There are a number of factors contributing to the current rise of DOGE prices.

The main factors include the recent announcement by Bitcoin of America, Ukraine donations, and acceptance of DOGE in the entertainment industry.

 Let’s detail some of these factors.

Bitcoin of America announcement

One of the reasons for the current Dogecoin price hike is the recent announcement by Bitcoin of America, a cryptocurrency exchange registered as a money service in the United States Department Treasury. Bitcoin of America said that they will be supporting Dogecoin.

After noting the growing popularity of the Dogecoin community, Bitcoin of America said in a press release that they will allow DOGE to be used in its Bitcoin ATM Machine (BTMs) which are currently over 1800 in different locations of the 31 states in the country.

Dogecoin accepted in Ukraine donations

Another factor that is positively affecting the price of Dogecoin is an earlier report by Ukraine stating that it will be accepting DOGE donations to support its war against Russia.

The move by the Ukraine government threw Dogecoin into the limelight once again pitching it as a worldwide recognized meme coin.

Dogecoin acceptance in the entertainment industry

AMC Theatre, one of the best movie chains in the US, earlier this month allowed Dogecoin to be used as a mode of payment for its tickets.

The post Why did Dogecoin (DOGE) price jump 13% today? appeared first on Coin Journal.

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BlackRock is considering crypto services for clients amid rising demand, CEO says

BlackRock is the world’s largest asset manager with over $10 trillion in assets under management.

BlackRock CEO Larry Fink says the investment giant is indeed looking at what’s possible with regard to offering digital asset services and investments to its clients.

“As we see increasing interest from our clients, BlackRock is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients,” Fink said in a letter published on Thursday.

He also touched on the benefits of digital currencies and digital currency payment systems amid increased exploration in this area by companies and governments.

„A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption„, the BlackRock chief added.

According to him, the use of digital currencies has the potential to cut costs associated with cross-border payments. He mentioned the example of how this can greatly help expatriate workers looking to send money to families across the globe.

‚We serve our clients‘

BlackRock has over $10 trillion in assets under management, and Fink said that the firm only manages the money on behalf of its clients.

“The money we manage belongs to our clients. And to serve them, we work to understand how changes around the world will impact their investment outcomes,” he told shareholders.

The comments related to the Russia-Ukraine war, which Fink said had ended the globalisation seen over the past 30 years or so.

But while he still believes in the concept and benefits of globalisation, including global capital markets, Fink is convinced things have changed as a result of the war. The reaction of companies and governments and what could happen next will have far-reaching ramifications, he added. 

According to him, the war adds to the impact of the global pandemic and their impact “will reverberate for decades to come in ways we can’t yet predict.”

The post BlackRock is considering crypto services for clients amid rising demand, CEO says appeared first on Coin Journal.

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Dogecoin rival Catecoin launches CatPay reward token

Catecoin, a highly profitable ecosystem and a Shiba Inu and Dogecoin rival, has launched CatPay, Live Mint reported earlier today. 

The platform is bringing a P2E game called Rise of Cats to market, and the new token will be used for in-game rewards similarly to Axie Infinity, where gamers earn SLP to play.

CatPay will be a universal token in the game. It can be used to pay for tournament entry fees, upgrade cats in-game, and unlock various future game features. Players mine CatPay tokens in-game as well.

Tokens spent in-game will be burnt

All CatPay tokens spent on in-game upgrades, and some of the CatPay from tournaments will be burnt to control inflation. 1% of marketplace transaction volume will go toward buying back and burning CatPay.

There will also be a staking platform where you can stake Shiba Inu and other popular meme coins to earn CatPay.

High ROI anticipated

Within a few months of the launch of Catecoin, people who invested as little as $100 got a return of $50,000. Many people hope CatPay Token will yield similar returns, but it’s too early to say, and caution is advised.

At any rate, CatPay Token will drive the price of Catecoin up again, offering investors some returns.

Catecoin is organizing a public sale of CatPay. People who stake Catecoin tokens can take part. It’s also possible to buy this token directly from PancakeSwap.

At the time of writing, Catecoin had gained 4.62% in the last 24 hours. 

The post Dogecoin rival Catecoin launches CatPay reward token appeared first on Coin Journal.

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You can now buy Dogecoin, which is up 10% in 24 hours: here’s where

When one pet-themed meme coin goes up, it reflects on the whole niche. Today, Yahoo Finance reported that Catecoin, a Dogecoin rival that generated returns of 2000x, launched Catpay, its decentralized reward token.

Yesterday, it emerged Bitcoin of America, a popular BTM (Bitcoin ATM) operator, added Dogecoin to its ATMs, which has most likely contributed to its rise.

If you want to know more about Dogecoin, if you should buy it, and the top places to buy Dogecoin, you’ve come to the right place.   

Top places to buy Dogecoin now

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Buy DOGE with eToro today

What is Dogecoin?

Dogecoin features a Shiba Inu dog on its logo and is based on a canine-themed Internet meme. It is an open-source digital asset created by Jackson Palmer and Billy Markus, which emerged as a Litecoin fork in December 2013.

It was conceived of as a fun, light-hearted crypto, which would attract people beyond the core fans of Bitcoin.

This is not the only difference to Bitcoin. Dogecoin differs from the proof-of-work protocol by using Scrypt technology. There is no limit to how many of these altcoins you can mine because the total supply is uncapped. It’s possible to mine Dogecoin by joining a mining pool or solo.

Should I buy Dogecoin today?

Dogecoin can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Dogecoin price prediction

The majority of analysts predict Doge to trade in the range of $0.56-$0.58 in 2025. If this prediction proves correct, its average price will be around $1.79 in 2028. It can go up to $2.13, compared to $0.13 at the time of writing.

Dogecoin on social media

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