BITCOIN

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday: Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. “U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets,” she added. Senator Warren’s tweet was heavily criticized in the crypto community. Some people called her ignorant while others said she lied. One person tweeted: “So what you’re saying is that a stateless, permissionless,

Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, explained why the price of bitcoin has been rallying in an interview with CNBC Tuesday as the crisis between Russia and Ukraine escalates. Prior to starting his own company, Mobius was executive chairman of Templeton Emerging Markets Group. He joined Templeton in 1987 where he managed more than $50 billion in emerging markets portfolios. He founded Mobius Capital Partners in March 2018. Mobius was asked whether he would buy bitcoin in this environment since the price of BTC is rallying. “I would not be a buyer,” he replied but noted, “If I was a Russian, I would be a buyer.” He proceeded to share that in Dubai where he lives, a lot of foreigners

The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said. Floki Ad Banned in the UK The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, published its “Ruling on Floki Inu” Wednesday. The advertising authority began investigating an ad campaign for floki inu (FLOKI), the cryptocurrency inspired by Elon Musk’s shiba inu dog, in November last year after the Floki ad was seen on public transport in London. The ad contains a floki inu logo and text that says, “ Missed Doge? Get Floki .” It also contains smaller text at the bottom that reads, “Your investment may go down as well as up in value. Cryptocurrency is not regulated in the UK.” After investigation, the ASA ru