The reserve price at the Saturday night auction in Cape Town was 900,000 rand ($61,800), but the non-fungible tokens or NFT, "sold for 1.9 million ($130,550) via a UAE buyer online
The watchdog said it will seek to ensure risks stemming from cryptocurrency markets are mitigated, by encouraging greater coordination between domestic and international regulatory bodies
Crypto assets are being used "to circumvent the sanctions that have been decided by many countries around the world against Russia and a particular and specific number of players," Lagarde told an online banking forum
Bank transfers to Afghanistan are almost impossible currently; even those with money struggle to get it out--individuals can withdraw $200 a week, and businesses $2,000. Cryptocurrency transfers have allowed NGOs to circumvent these obstacles while ensuring that each donation gets to those who need it most
Why has Ukraine turned to cryptocurrencies, and how is the nascent crypto industry changing its reputation and having an impact amid the clouds of war?
The 15th edition of fair hosted more than 100 local and foreign art dealers, with an entire wing of 17 galleries and platforms dedicated to showcasing and selling NFTs, or non-fungible tokens
Cryptocurrency purchases in rubles have climbed to a record high since the United States and Western allies have sought to cripple Russia's banking sector and currency with a barrage of sanctions over its invasion of Ukraine
Russia's military build-up led many Ukrainians to turn to cryptocurrencies, before the invasion seized up the sector, but it is still facilitating global fundraising efforts, albeit through an opaque decentralised system
Russia is one of the world's top crypto-mining nations and authorities have for years criticised cryptocurrencies over fears they can be used for illegal activities and called for regulation
Melania Trump launched an NFT sales platform last year, with an inaugural image of her own eyes, and now a collection is coming that lauds Donald Trump's single term in office