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Europe is on the losing side of ditching Russian crude oil due to US sanctions. The European Union (EU) stopped procuring oil from Russia after the White House imposed sanctions in February 2022. The sanctions came after Russia invaded and waged war against its neighboring country, Ukraine. President Volodymyr Zelenskyy has since then received funds worth millions, including arms and ammunition. The Putin administration claims that Europe has lost over 1 trillion euros ($1.16 trillion) by terminating Russian oil. Trade between the European Union and Russia has significantly declined over the past three years. In 2013, crude oil transactions between the EU and Russia stood at $482 billion. In 2025, the trade between the two regions will have been practically zero. Also Read: Demand For US Dollar Rises, Oil Companies Say No To Local Currencies $1 Trillion in Losses for Europe for Not Buying Russian Oil, Claims Official Source: opuskinetic.org Alexander Grushko, Russian Deputy Foreign Min...

Top crypto exchange Coinbase has obtained a regulatory license to offer crypto services in Europe. On Friday, the exchange received a Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). Coinbase has also picked Luxembourg for its central EU hub, changing its mind from Ireland. JUST IN: Coinbase obtains regulatory license to offer crypto services across Europe. — Watcher.Guru (@WatcherGuru) June 20, 2025 “Coinbase is all in on Europe, and we’re advocating for crypto’s future across the continent,” Coinbase CEO Brian Armstrong told CNBC. “MiCA has set the standard, and Luxembourg is leading the way with its pro-business climate and thoughtful approach to regulation.” The decision also makes Coinbase the first U.S. crypto exchange to receive a MiCA license. Gemini, a rival crypto exchange, is expecting its own MiCCA license approval soon from Malta. A Coinbase representative today...

Source: Bitwise Bitwise Asset Management, a leading global crypto asset manager, has expanded its reach into the European market by acquiring London-based ETC Group . This strategic move adds to Bitwise’s portfolio and elevates its total assets under management (AUM) to over $4.5 billion. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global… pic.twitter.com/RTSrrokBo3 — Bitwise (@BitwiseInvest) August 19, 2024 Acquisition Details On August 19, 2024, Bitwise announced its acquisition of ETC Group, a prominent issuer of exchange-traded products (ETPs) in Europe. The financial terms of the deal have not been disclosed. This acquisition includes ETC Group’s suite of nine European-listed crypto ETPs, which Features popular products such as t...

Research and Market’s latest NFT market report for Italy predicts a 47.6% growth in the country’s NFT market by the end of 2022. Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now it is also posed to create the crypto art Renaissance via its nonfungible token (NFT) market, says a new report. Data from Research and Market’s “Italy NFT Market Intelligence and Future Growth Dynamics Databook” says the country is projected to have a growth of 47.6% in its NFT market by the end of 2022. This would make the Italian NFT market hover around a $671 million valuation. Moreover, over the next five years, Italy’s NFT industry is forecasted to have a steady upward compound annual growth rate of 34.6%. The spending value for NFTs is anticipated to hit $3.6 billion by 2028. According to the report , some of the country’s success with NFTs comes from its vibrant art and culture scene. Major Italian luxury fashion brands such as Gucci and Dolce & Gabbana...