German police have shut down the largest – as they described it – darknet market, the Hydra Market, seizing $ 25.2 million worth of Bitcoin, Bloomberg reported. In particular, according to the Frankfurt Cybercrime Authority, the Russian-speaking Hydra Market platform was used for drug trafficking and money laundering, with sales of $ 1.3 billion in […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Caution or Fear? Markets keep their eyes on Russia
What you should know on Tuesday, April 5: Most major pairs struggled to find direction on Monday as market participants remained cautious ahead of the announcement of new sanctions on Russia. The EUR was the worst performer and the AUD the best. Attention remained on the crisis in Eastern Europe. As announced, Moscow has withdrawn […]
Greeks back to digital payments – ECB Study
Of Leonida Stergiou Huge differences in perceptions and payment habits from country to country were identified by a pan-European quality survey presented yesterday during the European Parliament briefing by ECB member Fabio Panetta on the stage at which the digital euro is being prepared. Similarities As Mr. Panetta mentioned, the only common points that the […]
Forex Today – Asian Session: Dollar Slumps With New Hopes
What you should know on Wednesday, March 30: The dollar tumbled along with other safe-haven assets amid renewed hopes for a diplomatic solution to the conflict between Russia and Ukraine. Risk appetite increased following headlines indicating a reduction in Russian attacks around Kyiv and Chernihiv, Russian mediator Vladimir Medinsky announced. Ukraine has suggested a new […]
Forex Today – Asian Session: Global turmoil benefits the dollar
What you should know on Tuesday, March 29: The market mood was sour, helping the US dollar end the day with gains against most major rivals. The initial catalyst came from the Bank of Japan. The central bank announced that it would buy an unlimited amount of 10-year JGBs at 0.25% in a bid to […]
With a two-week rally, Bitcoin wiped out its losses for 2022
The strongest rally of Bitcoin in the last two weeks has driven the largest cryptocurrency in the world above the levels – “key” of 45,000 dollars, having now erased all its losses since the beginning of the year. The token approached 47,000 at 3.30 p.m. on Monday afternoon (local time) in Hong Kong, much higher […]
The BoE outlines the first regulatory framework for cryptocurrencies
The Bank of England outlined the first regulatory framework for the operation of the cryptocurrency market on Thursday, noting that while the sector remains small, its rapid growth poses risks to future financial stability if not regulated. Cryptocurrencies have recently come to the attention of regulators amid concerns that the industry could be used to […]
Cardano breaches the $1 level for the first time in over a month
The price of Cardano has achieved enough upside pressure to break the $1 psychological resistance barrier. This is the first time in over a month that ADA has been able to overcome this major hurdle, allowing it to gain a lot of attention from market participants. Even so, the so-called “Ethereum killer” could be subject […]
Thailand: Ban the use of cryptocurrencies as a means of payment
Thailand will ban the use of cryptocurrencies as a means of payment for goods and services, saying that the wider use of digital data threatens the country’s financial system and economy, according to Bloomberg. Relevant entities – including exchanges – should no longer provide payment services and are prohibited from promoting the use of digital […]
Forex Today – Asian Session: Dollar Surrenders Despite Worrying Developments
What you should know on Wednesday, March 23: The USD fell against most major rivals on Tuesday, except the Japanese yen, with USD/JPY rising to 121.02, its highest level since February 2016. The dollar advanced during the Asian session, following the example of the rising US government bond yields Fed Chairman Powell hinted at a […]
