BITCOIN

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions. The limited processing of deposits and withdrawals in the national currency results from restrictions imposed by the National Bank of Ukraine (NBU), representatives of Binance told the crypto news outlet Forklog. The exchange has advised traders to use its peer-to-peer marketplace. “Currently, fiat channels, namely input and withdrawal through a bank card and other payment services, are temporarily suspended among crypt

Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cryptocurrency exchange said. “So far, the project has achieved tremendous results,” Binance claimed. Binance’s Joint Anti-Scam Campaign Cryptocurrency exchange Binance announced Friday that it recently launched a campaign to combat cryptocurrency-related scams in partnership with law enforcement agencies. Noting “an alarming uptrend in both traditional and crypto-related scams,” Binance said it has been “engaging in discussions with law enforcement agencies worldwide about how to fight and prevent such crimes.” The crypto exchange detailed: We recently launched the Joint Anti-Scam Campaign in partnership with law enforcement agencies across the globe. The campaign started in Hong Kong where Binance “worked with the local police force to build a targeted alert and crime prevention message that included helpful tip

Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer sectors such as housing.” Bank of America’s Economic Warning Bank of America senior economist Aditya Bhave published a note earlier this week warning that the Federal Reserve could increase interest rates beyond the market’s expectations to bring inflation down to its 2% target. According to a memo seen by Fortune, the bank wrote: The Fed will have to keep raising rates until it finds the point of pain for consumer demand. Bank of America added that at this stage, 25-basis-point interest rate hikes in the upcoming Federal Open Market Committee (FOMC) meetings in March and May “look extremely likely.” The economist also pointed out that

As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion over the next two years. The researchers at Galaxy think that new use cases stemming from the inscription trend will “drive growing interest and adoption” for bitcoin. Galaxy Researchers Explore the Potential Use Cases of Bitcoin-Based Ordinal Inscriptions and NFTs At the time of writing, there are more than 288,000 Ordinal inscriptions hosted on the Bitcoin blockchain, as the trend has swelled greatly since the start of February 2023. Four days ago, the number of Ordinal inscriptions reached 200,000, and that same day, Yuga Labs, the creators of the Ethereum NFT collection Bored Ape Yacht Club (BAYC), revealed it had minted a collection of 300 inscriptions to auction the artwork. Six researchers and executives from Galaxy Digital published a rep