Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research.
Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research covering the period since the start of the war in Ukraine. Industry experts behind the study say that bitcoin’s lower valuation and financial restrictions increasingly limiting access to the crypto market are the key reasons.Interest in crypto-related channels on the popular messenger Telegram has diminished in the past few months.
The firm’s researchers recently told the Russian news outlet RBC Crypto that general interest in digital currencies dropped sharply in early May, when the price of the leading crypto by market cap, bitcoin , fell from $39,000 to around $28,000 per coin. They were able to establish that after studying over 100 leading Telegram channels about cryptocurrencies.
The report further notes that the largest increase in the audience of these channels in 2021 and early 2022 was mainly due to the influx of newcomers to the crypto space. But the decision of payment processors Visa and Mastercard toof Russia as part of Western sanctions imposed over the invasion of Ukraine cut off a large number of users from exchanges and wallets.
These are the people who were ready to try crypto by converting a small amount of fiat, the CPA pointed out. The company now expects the latest EU sanctions against Russia, which targeted crypto assets among other measures, to exacerbate the trend. Brussels recentlyThe analysists insist that only a rising bitcoin price could change the situation and claim that even a short-term spike would have the potential to cause a new wave of interest in the cryptocurrency market.
A number of crypto platforms have already started to comply with the new sanctions adopted by the European Union last week and block Russian accounts. These include cryptocurrency exchanges, wallet providers and NFT marketplaces. At the same time, major global exchanges, including some that conformed to the
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Kyiv hit in apparent airstrike by Russian forces amid week-long attacks against UkraineKyiv was attacked by Russia early Monday morning, as black smoke and explosions were reported in the capital's Shevchenko district amid repeated airstrikes from Russians.
Leer más »
Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules – Bitcoin NewsCrypto platforms like Localbitcoins, Blockchain.com and Crypto.com have started to restrict or terminate services for Russian accounts.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week – Market Updates Bitcoin NewsBitcoin started the week trading above $19,000, as bulls made a sluggish return to the token following recent sell-offs.
Leer más »
Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments – Taxes Bitcoin NewsCuritiba, the capital of the state of Parana in Brazil, is considering accepting payments in cryptocurrency for municipal taxes.
Leer más »
Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions – Regulation Bitcoin NewsProsecutors are also hoping to uncover the source and destination of the laundered funds using the virtual currency tracking software. virtualcurrency moneylaundering
Leer más »
War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports – Bitcoin NewsThe conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis.
Leer más »