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Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.
Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law
Other local banks in Ukraine have also imposed restrictions authorized by the country’s central bank under the current martial law.
Russians Under Sanctions Using Crypto to Launder Money: Elliptic Report
Russians with strong social connections, who are under international sanctions for the invasion of Ukraine, have been using cryptocurrencies to launder their wealth, according to a report.
The Russia-Ukraine War Might Accelerate CBDC Issuance, Former BOJ Official Says
The sanctions slapped on Russia based on its invasion of Ukraine might prompt more nations to adopt CBDCs as a shield against the U.S. dollar’s supremacy in the global financial system.
A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.
Bitcoin Entities in Profit Skyrocket to 94.3% as Open Interest Soars
As Bitcoin (BTC) briefly touched the $55K level, a fate last seen in May, profitability in this market scaled to new heights.
New Zealand Eyeing the Possibility of Rolling Out a CBDC
New Zealand is in the race of setting up a central bank digital currency (CBDC) because it sees it as a stepping stone towards attaining an efficient monetary policy tool.
El Salvador Seeks To Be The First Country To Legalize Bitcoin as Legal Tender
El Salvador President Nayib Bukele intends to introduce a bill that would make Bitcoin legal tender.
One in Four South Korean College Students Has Invested in Cryptocurrencies
A study shows 23.6% of South Korean college students are investing in cryptocurrencies.
6 Corporate Giants Hold Bitcoin Worth More Than $11.4 Billion
Blockchain insights provider BlockData has acknowledged that six corporate giants have taken the Bitcoin holding culture a notch higher as they have BTC worth more than $11.4 billion in their custody.
