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Ukraine’s president signs law to legalize crypto as digital donations roll in

A month ago, Ukraine’s parliament passed a bill to legalize cryptocurrency, preparing a framework for the regulation and management of cryptocurrencies like Bitcoin and Ethereum. Today, the country’s president, Volodymyr Zelenskyy, signed into law that bill, “On Virtual Assets,” which establishes a legal framework for the country to operate a regulated crypto market. “The Parliament…

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Inheriting bitcoin is harder than it sounds

Like a lot of Americans, Sandy Carter has been getting into crypto. She’s already amassed an impressive assortment of cryptocurrency and NFTs, and she even has a Lazy Lion, an NFT illustration of a lion that’s probably worth at least a few thousand dollars on its own. It was only recently, however, that Carter realized…

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Biden’s executive order boosts prospects for cryptocurrency

When President Joe Biden signed an executive order aimed at cryptocurrency this week, it marked a pivotal moment in the history of digital currencies, taking bitcoin, ethereum and other crypto tokens a big step closer to someday becoming a legitimate financial option for all Americans, one industry observer told CBS News.  “Joe Biden just gave…

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In defense of crypto: Why digital currencies deserve a better reputation

Ever since its inception and throughout its turbulent journey toward mainstream acceptance, crypto has elicited both enthusiasm and trepidation in equal measure. After the unfair battering it has received over the years, the time has come to defend digital currencies.Unfortunately for crypto, first impressions count. Bitcoin (BTC) initially gained a tawdry reputation in its early…

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Examining the crypto market’s reaction to the Russia–Ukraine crisis

February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. Bitcoin (BTC) had a notable decline of 11% over a 16-hour time period, while…

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Cryptocurrency companies resist pressure to close Russian accounts

U.S. banks, oil companies and internet service providers are cutting off Russia’s access to their services following its invasion of Ukraine, and the list of other companies doing the same grows daily. But one rapidly growing industry so far has declined to pull back in Russia: cryptocurrency traders. Unlike other financial institutions, crypto exchanges have…

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