EU set to ban Russian crypto payments after ‘sham’ referenda
The European Union will tighten restrictions on Russians’ crypto investments within the bloc as it seeks to respond to “sham” independence votes being held in Russian-occupied regions of Ukraine.
According to CoinDesk, a previous cap of crypto holdings of 10,000 euros ($9,600) will be scrapped, potentially meaning Russians won’t be able to hold any assets in EU crypto wallets.
Sam Bankman-Fried plans to bid for Celsius assets
FTX founder and CEO Sam Bankman-Fried could be bidding for the assets of beleaguered cryptocurrency lender Celsius shortly after winning the bid for Voyager Digital’s assets.
This comes just following the resignation of Alex Mashinsky – the former CEO of the struggling lender.
ERN rises 146.26% after 24h
Ethernity Chain (ERN) took all the spotlight today after gaining more than 146% growth in the last 24 hours.
I-Remit expands partnership with Ripple
Ripple, the leader in enterprise blockchain and crypto solutions, announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows.
ODL leverages XRP, the digital asset built for payments as a bridge between two fiat currencies, thus enabling instant and low costs settlement without the need to hold pre-funded capital in a destination market.
477 billion SHIB acquired by whales
Data provided by Etherscan shows that over the past 24 hours, two large amounts of SHIBA INU were transacted. 418,616,148,963 and 58,373,309,353 SHIB tokens were moved.
According to WhaleStats, the top 1,000 whales on Ethereum currently own $133,680,683 worth of SHIBA INU. The sum remains impressive as it is the equivalent of 11,861,640,017,746 SHIBA INU.
10-year inactive BTC hits record high
Data from on-chain analytics firm Glassnode has confirmed that more of the BTC supply has now been dormant for a decade or more than ever before.
As of Sept. 27, a total of 2,521,378.890 BTC has stayed out of circulation for a minimum of 10 years — a new all-time high.
US Fed Chair Powell urges caution on regulating DeFi
U.S. Federal Reserve chair Jerome Powell urged lawmakers to be cautious when regulating decentralized finance (DeFi) while speaking at a roundtable conference organized by the central bank of France on Sept. 27.
Powell said that there are “very significant issues around lack of transparency” in the DeFi ecosystem and in the future, crypto markets will grow large enough to disrupt financial market stability, which is why there is a real need for more appropriate regulations.
Robinhood Web3 wallet enters beta, taps Polygon as first blockchain
Crypto and stock trading platform Robinhood announced the launch of Robinhood Wallet, a self-custody, Web3 wallet, with Polygon (MATIC) as its first supported blockchain. The wallet is available to the first 10,000 users who joined the waitlist in May 2022.
For Robinhood, Polygon, as a blockchain network of choice, additionally offers scalability, speed, low network fees and a robust developer ecosystem.
Cardano records eighth consecutive week with positive funds flow
CoinShares has published its weekly fund flow report for crypto products, marking the eighth consecutive week for Cardano with positive flows. Last week, which put Cardano under the Vasil hard fork label, brought in an influx of $100,000 in blockchain-focused crypto products.
Comparing Cardano’s month-on-month and year-on-year figures, it turns out to be positive here as well. For example, inflows increased by $700,000 in a month and by $14.4 million in a year.
Mastercard launches customizable NFT debit card
Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment card.
The cards will allow spending in fiat money, stablecoins or any cryptocurrency the user holds and is accepted wherever Mastercard is available.