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\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Along with this, regulators have been working closely<\/a> with the police. Ensuring that there are no illicit cross-border transactions stemming from their country.<\/p>\n\n\n\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

China recently doubled down on its regulations with the announcement of an amendment<\/a> that makes crypto fundraising an illegal offense. <\/p>\n\n\n\n

Along with this, regulators have been working closely<\/a> with the police. Ensuring that there are no illicit cross-border transactions stemming from their country.<\/p>\n\n\n\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Chinas Efforts At Regulation<\/h2>\n\n\n\n

China recently doubled down on its regulations with the announcement of an amendment<\/a> that makes crypto fundraising an illegal offense. <\/p>\n\n\n\n

Along with this, regulators have been working closely<\/a> with the police. Ensuring that there are no illicit cross-border transactions stemming from their country.<\/p>\n\n\n\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent Bloomberg report<\/a> states that in the PBOCs annual meeting, which maps out the financial markets regulatory priorities for the coming year, crypto regulations were high on the list. The statement expressed that China will \"continue to maintain a high-pressure crackdown on virtual currency trading speculation.\"<\/p>\n\n\n\n

Chinas Efforts At Regulation<\/h2>\n\n\n\n

China recently doubled down on its regulations with the announcement of an amendment<\/a> that makes crypto fundraising an illegal offense. <\/p>\n\n\n\n

Along with this, regulators have been working closely<\/a> with the police. Ensuring that there are no illicit cross-border transactions stemming from their country.<\/p>\n\n\n\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 25 26 27

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A statement<\/a> made by Peoples Bank Of China (PBOC) iterated there are no plans to stop their crackdown on cryptocurrencies.<\/p>\n\n\n\n

A recent Bloomberg report<\/a> states that in the PBOCs annual meeting, which maps out the financial markets regulatory priorities for the coming year, crypto regulations were high on the list. The statement expressed that China will \"continue to maintain a high-pressure crackdown on virtual currency trading speculation.\"<\/p>\n\n\n\n

Chinas Efforts At Regulation<\/h2>\n\n\n\n

China recently doubled down on its regulations with the announcement of an amendment<\/a> that makes crypto fundraising an illegal offense. <\/p>\n\n\n\n

Along with this, regulators have been working closely<\/a> with the police. Ensuring that there are no illicit cross-border transactions stemming from their country.<\/p>\n\n\n\n

Again, one of the most concise crackdowns on cryptocurrency mining<\/a> and trading was made<\/a> in Beijing during May of 2021. The crackdown consisted of kicking major mining and crypto exchanges out of the whole country in an effort to minimize the use of cryptocurrencies in China.<\/p>\n\n\n\n

The efforts have seemed to take the intended effect in China so far. With China's global proportion of bitcoin transactions in China dropping rapidly from more than 90% to 10%, stated <\/a>the PBOC.<\/p>\n\n\n\n

\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Chinas Central Bank Has No Plans To Stop Strict Crypto Crackdown","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-central-bank-has-no-plans-to-stop-strict-crypto-crackdown","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/chinas-supreme-court-declares-crypto-transactions-illegal\/","post_modified":"2023-04-11 12:52:33","post_modified_gmt":"2023-04-11 02:52:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3787","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3345,"post_author":"1","post_date":"2022-02-01 21:04:39","post_date_gmt":"2022-02-01 10:04:39","post_content":"\n

A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American Express in 2021.<\/p>\n\n\n\n

The\u00a0report<\/a>\u00a0was published on January 28th, 2022 by Greg Cipolaro the global head of research, and Ethan Kochav a research analyst at NYDIG<\/a> shared that Bitcoin had processed more than $3 Trillion in 2022. Exceeding both American Express at $1.3 Trillion and Discover at $0.5 Trillion - a huge milestone for the cryptocurrency.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThis is astonishing growth, in our opinion, for a payment network that just had its 13th birthday,\u201d<\/em><\/strong><\/p> Greg Cipolaro and Ethan Kochav<\/cite><\/blockquote>\n\n\n\n

The statistics show another journey to surpass the likes of Mastercard and Visa, but with Bitcoin's superior rates of growth compared to every single card network, it may be a short road to travel.<\/p>\n\n\n\n

Although Bitcoin\u2019s growth in transaction volume has not always been linear year-on-year, Greg Cipolaro and Kochav said that it has \u201ckept up at a torrid pace when looking at 5-year compound annual growth rates.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The report incorporates \"intra-entity exchanges,\" which are exchanges between addresses inside a similar wallet or possessed by a similar association. For instance, this may apply to an exchange that is, every now and again, moving Bitcoin around between various addresses. <\/p>\n\n\n\n

In this way, as such, take the $3-trillion figure with a grain of salt.<\/p>\n\n\n\n

<\/p>\n","post_title":"American Express Annual Transactions Surpassed By Bitcoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"american-express-annual-transactions-surpassed-by-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-30 21:40:17","post_modified_gmt":"2023-04-30 11:40:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3345","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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