Binance unveils Refugee Crypto Card to support displaced Ukrainians

Ukraine

Binance, the world’s largest crypto exchange, has launched its Binance Refugee Crypto Card for Ukrainian Binance users who were forced to move to Europe due to the ongoing war with Russia.

The card has been created to allow displaced Ukrainians to conduct crypto transactions and complete purchases at card-accepting retailers in the European Economic Area (EEA).

Helen Hai, head of Binance Charity, said: "At such a difficult time for Ukraine, it's clear that...

EU Parliament passes proposals to hinder cryptocurrency privacy

EU flags outside the EU headquarters.

European Union (EU) lawmakers have supported controversial proposals to outlaw anonymous crypto transactions.

More than 90 lawmakers from the EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted in favour of the measures.

The new rules would extend anti-money laundering requirements that apply to conventional fiat payments over EUR 1,000 to the European crypto sector.

However, they would also remove...

Terra buys another 4,550 Bitcoin worth over $206M

Blockchain project Terra continues to amass Bitcoin by taking another 4,550 off the market, worth over $206 million.

Terra has been following a number of companies – including MicroStrategy, Tesla, Square, and others – in adding Bitcoin to its reserves.

Do Kwon, CEO of Terraform Labs, has said his ultimate aim is to have Terra’s reserves of Bitcoin rival that of Satoshi Nakomoto...

Ukraine legalises crypto sector as donations for defence reach £75m

Russian Invasion of Ukraine

Ukraine has passed a law that establishes a legal framework for cryptocurrency in the country.

The virtual asset bill passed through the Ukrainian Parliament last month and was signed into law by President Volodymyr Zelenskyy on March 16.

Since raising more than £10 million from posting crypto wallet addresses on its official Twitter account in February, the Ukrainian government has been at full throttle trying to make the most of international crypto...

Ukraine government raises £10m after posting crypto addresses on Twitter

Ukraine Flag

The government in Ukraine has raised more than £10 million through thousands of crypto donations after posting wallet addresses on Twitter.

In a less than conventional crowdfunding method, the country’s official Twitter account has made public two addresses, one for Bitcoin and another for Ether and Tether, a stablecoin pegged to the value of the US dollar.

https://twitter.com/Ukraine/status/1497594592438497282

Since February 26, said wallets have netted more...

Slope Finance rakes in £6m Series A for cross-chain Solana wallet

Slope

Slope Finance, a decentralised exchange and wallet based on the Solana network, has raised $8 million (£6m) in Series A funding.

The round was led by Solana Ventures and Jump Crypto, with further support from Circle, Huobi, Sequoia China, Genesis Trading, CMS Holdings, Spark Digital, and more.

Following on from a successful seed round in August last year, the start-up has raised $10.3 million (£7.8m) overall.

With cross-platform functionality, the wallet...

Vitalik Buterin criticises Canada’s protest response as “dangerous”

Canada Trucker Protests

Decentralised blockchains are not all about being the “Wild West” of the technology industry. In many ways they can keep governments in check and “bring the rule of law back”, says Ethereum founder Vitalik Buterin.

Buterin, who grew up in Canada, laid out his position on governments overstepping their authority in response to Ottowa’s trucker protests during a Coindesk interview at the ETHDenver conference.

Truckers have spent the better part of a month...

PayPal forms advisory council of leading experts on blockchain and crypto

PayPal Logo

Payments giant PayPal has formed a cross-disciplinary team of industry experts as part of its new advisory council on blockchain, crypto, and digital currencies.

The move comes as part of the company’s ambitions to lead the way towards a more affordable and efficient digital financial system through blockchain technologies.

Made up of six experts from across the cryptocurrency, technology, and economics industries, the Blockchain, Crypto, and Digital Currencies (BCDC)...

Bank of America expects US CBDC launch between 2025 and 2030

US Dollar

The Bank of America (BoA), the US’ second largest bank after JPMorgan Chase, believes a central bank digital currency (CBDC) for the US dollar is “inevitable”, Bloomberg reports.

According to BoA digital asset strategists Alkesh Shah and Andrew Moss, CBDCs represent the next step in the advancement of electronic currencies.

The bank expects a digital US dollar to be rolled out between 2025 and 2030.

Plans for an American CBDC have been bubbling to the...

PayPal is exploring its own stablecoin

PayPal Office, Dublin

PayPal has confirmed it is exploring its own stablecoin after code and logos relating to a “PayPal Coin” were discovered in the company’s iPhone app.

Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, told Bloomberg, “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”

Hidden code and images of a possible currency symbol show work is underway on...