The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

Today Polkadot (DOT) fell below the moving averages as the altcoin continues its downward correction. On February 28, the altcoin rallied to a high of $19, but the bullish momentum could not be sustained.

Financial services provider, PayPal today confirmed that it has suspended its services in Russia amid the invasion of Ukraine. Dan Schulman, President and Chief Executive Officer of PayPal, said th...

In response to the ongoing Vladimir-Putin-led Russian invasion of Ukraine, Singapore has announced that it will implement sanctions against the Russian Federation. In a press release made by Singapore’s Ministry of Foreign Affairs, these sanctions and limitations are intended to limit Russia’s ability to wage war against Ukraine and weaken the country’s national sovereignty. To ensure this, Singapore will place sanctions on designated Russian banks, entities, and fund-raising activities. The financial measures also prohibit Singapore’s financial institutions from providing services that might assist Russia’s government in generating extra funds. These measures apply to all financial institutions in Singapore, including banks, finance companies, insurers, capital markets intermediaries, securities exchanges, and payment service providers. The press release said, “For a small state like Singapore, this is not a theoretical principle, but a dangerous precedent. This is why Singapore has strongly condemned Russia’s unprovoked attack on Ukraine.” Since the resolution of the United Nations Security Council to condemn Russia’s aggression against Ukraine was prevented due to Russia’s veto, this is the first time in decades that Singapore would be imposing financial measures on a foreign nation without support from the UNSC. Singapore Blocks Crypto Companies From Helping Russia In addition to blocking financial institutions in Singapore from providing services in Russia, digital payment token service providers are particularly forbidden from supporting transactions that might aid in the circumvention of these financial measures. As defined under the Payment Services Act 2019, cryptocurrencies are commonly referred to as digital payment tokens (DPTs) in Singapore. The sanctions on crypto providers are intended to prevent Russian businesses from using cryptocurrencies to circumvent financial restrictions placed on Russian banks. Russia is still being hammered by international sanctions. Major Russian banks have been barred from using the SWIFT international payments system, while billionaires and officials linked to Vladimir Putin have been subjected to travel restrictions and asset freezes. The central bank of Russia has also been denied access to its $630 billion in foreign reserves.

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Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

The exchange is the second-largest in the world by daily trading volume. Tom Brady has invested in Autograph and FTX.

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On Friday (March 4), former White House Director of Communications Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm SkyBridge Capital (“SkyBridge”), shared his latest thoughts on Bitcoin. SkyBridge Capital is “an SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.” On […]

For the time being, the LUNA bulls cannot break through an overhead barrier. RUNE has gained nearly 51% in the

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In a rare move, Singapore introduced sanctions against Russia over its Ukrainian invasion. The sanctions include restriction over the Russian Central Bank, cryptocurrency transactions, an export ban on electronics, and military. Singapore known as the financial hub of Asia rarely applies economic restrictions over any country. Rare action taken by Singapore This is the first

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Azteco is making big moves. Their vouchers are now available in 600K new locations in Nigeria, 6K in Canada, and 28K in the U.K. Their system was already one of the most accessible ways to buy bitcoin, and now, in those countries, Azteco is basically everywhere. Better yet, clients don’t need to provide neither bank nor credit card details.  Related Reading | Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month “Go to your local store and buy a top up voucher just like the ones you’re used to. Enter your Voucher number to redeem,” buying bitcoin with Azteco is akin to adding credit to your cell phone. “There is nothing to learn or understand; it just WORKS,” the company tweeted. However, if you need a more detailed game plan, here it is: Fill out the form here. Receive an email with a barcode. Go to a Paypoint, or other location as instructed. Show the barcode and pay. Receive your voucher instantly via email. The headline here, though, is the number of locations Azteco recently onboarded. 600K Cash-In Locations In Nigeria Recently, one of the main topics in bitcoin is adoption in the African country. “Nigeria is the number two leading country in Bitcoin adoption, and now, Nigerians have access to Azteco through 600,000 Cash-In locations. We expect an explosion in uptake.” Since the process is identical to acquiring phone credit, people already know how to do everything required.  We expect this uptake because Azteco is the most simple method of buying Bitcoin on the market, identical in process to the top-up's everyone on the African continent is used to with adding air-time to Mobile Phones. There is nothing to learn or understand; it just WORKS. — Azteco (@Azteco_) March 3, 2022 “Nigerians have total freedom to send and receive Bitcoin from anywhere instantly, reliably and privately,” Azteco promises.  BTC price chart for 03/05/2022 on Bittrex | Source: BTC/USD on TradingView.com Azteco Available At 6K Canada Post Locations In the post office, “you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.” Pay with cash or bank transfer and rest assured that Azteco doesn’t “store any personal information longer than required to fulfill your order, after which we delete that information.” Here are the very simple instruction for Canada Post’s clerks: There are 6000 Canada Post locations in Canada. And at each one, you can buy Loadhub and use it to get an Azteco Voucher. Now Bitcoin is within arms reach of 98% of all Canadian Citizens.🍁 https://t.co/kFIv8dudVw pic.twitter.com/BZtc0hFWXX — Azteco (@Azteco_) March 3, 2022 Here’s a map with all of the Canada Post’s locations: At every Canada Post outlet in Canada you can buy an Azteco Voucher right now. Get a Bar Code from https://t.co/kFIv8dudVw take it to your local post office and the instant you pay, your voucher will arrive in your recipient's email. It's simple, safe, fast, secure and private.🍁 pic.twitter.com/DNlhqmSFfe — Azteco (@Azteco_) March 4, 2022 Azteco At 28K Extra Locations In The U.K. The vouchers are already available at a very popular chain store, but this is bigger. “Azteco is now available at 28,000 locations across the UK through PayPoint. Now everyone in the UK has easy, instant access to Bitcoin.”  The process is extraordinarily simple. Select the amount of Bitcoin you want to buy, and have your barcode emailed to any email address. Show your barcode at any Paypoint location and pay. The instant you've paid, your Azteco Voucher is emailed to the address you specified. pic.twitter.com/q8lajO7vWc — Azteco (@Azteco_) March 1, 2022 Conclusions And Solutions In today’s world, governments proved that they would go after the finances of entire populations just for the fact that they disagree with their politics. A solution like Azteco is welcomed with open arms. It’s not exactly KYC-free, but close enough. Related Reading | Startup Providing Convenient Bitcoin On-Ramp Lands Google Talent “Azteco doesn’t have user accounts, just like Pay as You Go SIM Cards. It’s “disposable Bitcoin” for small amounts,” the company states. And Nigerians, Canadians, and U.K. residents now have availability in physical locations that they usually go to. They can pay their electric bill, re-fund their phone, and get some bitcoin without breaking a sweat.  Will this affect the market at all? It’s not likely. Retail buyers are just a small percentage, and, as stated, Azteco is for small amounts. Will this benefit everyday bitcoin users in those countries? Absolutely. Featured Image by Blake Wisz on Unsplash | Charts by TradingView

Virginia’s Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to

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