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In retaliation for Russia's invasion of Ukraine, the United States, the European Union, and other Western economies have put harsh sanctions on Russia's central bank. The sanctions have effectively cut off important Russian banks from the SWIFT payment system, thereby locking Russia out of the western financial system and putting its enormous oil export business in jeopardy.
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On paper, the United States' move to freeze Russian President Vladimir Putin's personal assets appears to be a hollow gesture.
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As Moscow's conflict on Ukraine drags on and the Russian economy and currency plummet, Washington is said to be experimenting with a new tactic to put pressure on Putin: sanctions targeting cryptocurrencies such as bitcoin and ethereum.
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The loan has a 10-percent APR and a 30-day term.
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According to some estimations, the sought-after NFT might be worth $200,000 or more.
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Sunmi, a popular K-Pop singer, received criticism after launching NFTs, Valve CEO Gabe Newell aggressively hailed NFT technology while slamming people in the industry, and Dolly Parton introduced Dollyverse NFTs.
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As Russia's assault escalates, Ukraine has increased the number of cryptocurrencies it accepts for military donations.
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The collapse of the ruble has been attributed to the crippling sanctions imposed on Russia after it launched a full-scale invasion of Ukraine.
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As a social experiment, a Dutch artist created a collection of NFTs totaling 7.9 billion – the same number of people on the planet.
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Just in time for the start of the US tax season, Australian startup CryptoTaxCalculator (CTC) announced it has acquired seed money to further expand its automated crypto tax reporting tool into the US market.