Russia Uses Bitcoin & USDT for Oil Trade With China & India
Russian companies are increasingly turning to Bitcoin (BTC) and Tether (USDT) to facilitate trade with China and India, according to a March 14 Reuters report. The report, citing four sources with direct knowledge, revealed that Russian oil firms are conducting large-scale international transactions using crypto as a workaround to avoid sanctions and banking restrictions. One […]
India Arrests Garantex Co-Founder as U.S. Seeks Extradition
Indian police have arrested Aleksej Besciokov, co-founder of the Russian crypto exchange Garantex, after the European Union sanctioned the platform for facilitating money laundering. According to Indian state police officials, Besciokov—a Lithuanian national—was detained in Kerala under India’s extradition law. The arrest was carried out on March 11, following a warrant issued by the Patiala […]
Ripple Secures Dubai License for Regulated Crypto Payments
Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA) to offer licensed crypto payments and services within the Dubai International Financial Centre (DIFC). Announced on March 13, 2025, this milestone makes Ripple the first blockchain-powered payments provider to obtain a license from the DFSA, reinforcing its expansion into the Middle East’s growing […]
Solana Revenue and TVL Plunge as Memecoin Mania Fades
Interest in Solana’s memecoin-driven surge has sharply declined, causing network revenue and total value locked (TVL) to plummet over the past two months. Solana’s weekly network revenue hit a record $55.3 million in mid-January, fueled by a memecoin minting frenzy. However, since then, revenue has collapsed by 93% to just $4 million last week, marking […]
Ethereum’s Holesky Testnet Restored After Pectra Issues
Ethereum’s Holesky testnet has finally regained finality after nearly two weeks of non-finalization, marking a crucial step in recovering from disruptions caused during the Pectra upgrade testing. On March 11, with over two-thirds of validators participating, Holesky successfully reached finality at Epoch 119090 at around 3 PM ET. Finality ensures transactions are permanently confirmed and […]
Crypto Scammers Exploit Trade War Fears With Fake News
Crypto scammers are leveraging fake news articles and AI-generated endorsements from political figures to capitalize on economic uncertainty, according to securities regulators in Alberta and New Brunswick. The Alberta Securities Commission (ASC) issued a March 7 alert warning about a crypto scam called CanCap, which falsely claimed that former Prime Minister Justin Trudeau had endorsed […]
Ethereum’s Pectra Upgrade Faces Setback on Sepolia Testnet
The Ethereum Pectra upgrade encountered unexpected errors on the Sepolia testnet, worsened by an exploit that triggered empty block mining, according to Ethereum developer Marius van der Wijden. Pectra rolled out on Sepolia at 7:29 AM on March 5, but developers immediately noticed errors on their Geth nodes and an increase in empty blocks. The […]
Senate Republicans Push to End ‘Reputational Risk’ in Banking
The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced on March 6 that Chairman Tim Scott (R-S.C.) is leading efforts to eliminate reputational risk as a factor in banking regulations through the Financial Integrity and Regulation Management (FIRM) Act. The bill, backed by all Republican members of the committee, seeks to prevent federal […]
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