THE DAILY ENCRYPT

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Coinbase Purposes Use Of Cryptocurrencies To Prevent Sanction Evasion

Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering and sanction evasion that becomes possible using fiat currency.  The Ukraine-Russia conflict has caused global authorities to impose economic sanctions which also encircles cryptocurrency exchanges. While some platforms refused to comply

Green Mining Company HIVE Secures Deal To Buy A Number Of Intel’s New ASICs

The ESG-focused mining company HIVE is the latest organization to sign a deal with Intel. It joins Block, Argo Blockchain, and GRIID, as the first clients and testers of the giant’s new ASICs. Intel’s Bonanza Mine project is quickly becoming one of bitcoin’s stories of the year. It’s funny that, so far, no one has …

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Coinbase Conforms To Sanctions, Blocks 25,000 ‘Illicit’ Russian Crypto Wallet Addresses

Coinbase, the largest cryptocurrency exchange in the United States, announced Monday that it had blocked more than 25,000 cryptocurrency wallet addresses associated with Russian persons or businesses suspected of engaging in criminal behavior. Coinbase’s chief legal officer, Paul Grewal, detailed how the company is complying with new regulations set in response to Russia’s ongoing invasion