Christine Lagarde Says Crypto Providers Aiding Russia; Crypto.com To Sponsor FIFA World Cup

Christine Lagarde Says Crypto Providers Aiding Russia; Crypto.com To Sponsor FIFA World Cup

Christine Lagarde says crypto service providers may join Russia in overcoming sanctions.

At that time, Crypto.com signed a sponsorship agreement with FIFA.

Christine Lagarde, president of the European Central Bank (ECB), said crypto service providers could play a role in helping Russia avoid sanctions imposed on its economy.

He added that crypto assets have always been a threat and continue to be so.

During that time, Crypto.com became the official sponsor of the upcoming 2022 International Federation of Association Football (FIFA) World Cup in Qatar.

The financial details of the sponsorship deal have not been disclosed, but this agreement will place Crypto.com’s brand name throughout the FIFA world and within the stadium’s viewing platform.

The global crypto market has risen 0.92 per cent to $ 1.92 trillion at 8.35 am.

Global crypto volume has also increased by 7.63 per cent to $ 98.95 billion, according to Coinmarketcap data.

Christine Lagarde Says Crypto Providers Aiding Russia; Crypto.com To Sponsor FIFA World Cup
Christine Lagarde, president of the European Central Bank (ECB), during a news conference in Frankfurt, Germany, on Thursday, March 10, 2022. The European Central Bank unexpectedly accelerated its wind-down of monetary stimulus, signaling its more concerned about record inflation than weaker economic growth as Russias invasion of Ukraine threatens to propel prices even higher. Photographer: Alex Kraus/Bloomberg via Getty Images

Christine Lagarde Says Crypto Providers Aiding Russia; Crypto.com To Sponsor FIFA World Cup

Latest Cryptocurrency rates

Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $ 42,359.91, up 0.72 per cent in the last 24 hours.

Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, also traded up 0.36 per cent at $ 2,978.58.

“Bitcoin is over $ 43,000, yet the market leader is currently trading at about $ 42,400.

Ether exceeded $ 3,000 in a short period; this spike was seen after a long time,” said Gaurav Dahake, CEO. and founder, Bitbns.

Among other major currencies, Cardano (ADA) was up 5.26 per cent at $ 0.9768, Algorand (ALGO) was down 0.21 per cent at $ 0.817, Binance Coin (BNB) was up 0.21 per cent on $ 403.88, Solana (SOL) at 0.72 cents at $ 90.91 and Polkadot (DOT) traded up 5.84 per cent at $ 20.49.

Today’s highest profit was LoopSwap (LSWAP), which rose 723.68 per cent to $ 0.00784. The biggest failure was xxxNifty (NSFW), which dropped by 99.04 per cent at $ 0.000001709.

Latest Meme Coin and DeFi prices

Dogecoin (DOGE) is up 1.04 per cent at $ 0.1225. The volume and market ratio stands at 0.0366. Rival Shiba Inu (SHIB) also went up 0.08 per cent at $ 0.00002338.

Dogelon Mars (ELON) was trading at a profit of 1.11 per cent for $ 0.0000007221.

Floki Inu (FLOKI) also rose 8 per cent to $ 0.00003222, while Samoyed Coin (SAMO) gained 1.02 per cent to $ 0.00,97.

In the DeFi category, YFI (yeen.finance) was trading at a loss of 2.94 per cent at $ 20,260.85.

Terra (LUNA) fell 2.6 percent to $ 93.10, Avalanche (AVAX) lost 5.38 percent to $ 84.29 and Aave (AAVE) fell 3.14 percent to $ 159.42. However, Uniswap (UNI) increased 1.14 per cent to trade at $ 9.83.


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