Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed. Crypto Donations Soar After Russia Invaded Ukraine One of the largest non-governmental…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ____(Updated at 18:23 UTC with the Regulation news section.)… Read More: State Street’s ‘Mega’ Crypto Plan, Hayes Pleads Guilty, Flexpool’s Message to Russia, Pulled NFT Sale + More news…
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Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, City, University of London._____ The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble…
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“It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught,” said Christine Lagarde. Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially preventing Russia…
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Following Russia’s invasion of Ukraine, volatility in bitcoin and ethereum prices intensified, with both falling to one-month lows on Thursday. Both have since moved away from these lows so far today, in what looks like temporal consolidation. Bitcoin As of writing, cryptocurrency markets are up by over 7% on Friday, with bitcoin trading 8% higher…
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The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s banking capabilities – but Europe appears utterly divided as to whether it should block banks from an international banking protocol…. Read More: Western Allies…
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“If a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin,” said Mati Greenspan. The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system…
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BTC and stock markets recovered some of their recent losses, leading traders to suggest that the panic selling could be “over for a few days.” Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset…
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The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange…
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As Russia’s president Vladimir Putin ordered a full-scale invasion of Ukraine, and Bitcoin (BTC) might play a role on both sides of the conflict, Ukraine is seemingly better prepared to embrace the nascent monetary technology. As a reminder, in October 2021, crypto analysis firm Chainalysis, in its 2021 Global Crypto Adoption Index, ranked Ukraine…
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