Russia’s central bank (CBR) proposed banning the use and mining of cryptocurrencies in Russia, citing threats to financial stability, citizens’ wellbeing, and its monetary policy sovereignty. The central bank’s hard line against crypto reportedly dovetails with the position of Russian security services. In a report published on Thursday, the central bank said speculative demand primarily…

Bitcoin lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in 6 months. After the Federal Reserve signals its intention to withdraw stimulus from the market, riskier assets like cryptocurrencies have suffered. Since its peak in November, the largest digital asset has lost 40% of its value. Other cryptocurrencies have…

According to a survey of the payment giant Visa, almost 25% of small business owners across 9 countries, including Brazil, Singapore, UAE, and Hong Kong, said they intend to embrace digital currencies as a form of payment in 2022. Also, 13% of consumers in these countries predicted retail stores will begin allowing crypto settlements in…