In his keynote address to the Bitcoin 2022 conference in Miami, venture capitalist Peter Thiel said environmental, social, and corporate governance (ESG) is “perhaps the real enemy” of the cryptocurrency, likening the movement to the Chinese Communist Party (CCP).
Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
The Canadian government's attempt to freeze cryptocurrency funds being used to help Freedom Convoy protesters was met with a defiant response by one cryptocurrency wallet.
China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.