Ukraine
Weekly Report: Crypto market maintains recovery run into the weekend
Key takeaways: The crypto sector has bounced back and seen some calm after Thursday’s crash that was set off by Russia’s invasion of Ukraine Animoca Brands’ Yat Siu believes BitsCrunch will play a significant role in the metaverse future NGO founded to support Ukraine military sees more than $5.3 million in crypto donations US court fines BitMEX founders who pleaded guilty to money laundering Coinbase forecasts that Ethereum staking rewards will rise significantly post-merge Terra’s native token LUNA leads altcoins in the market rebound Thursday morning’s news of Russia invading Ukraine sent the market hurtling, with many of the top cryptocurrencies nosediving. The crypto sector has since made a comeback and conserved the uptrend. Bitcoin (BTC) is up 1.08% in ...
Pussy Riot’s Nadya Launches NFT to Raise Money for Ukraine
Pussy Riot’s Nadya Tolokonnikova has launched a cryptocurrency organization to raise funds for Ukrainian civilian aid groups amid the Russian invasion. Ukraine DAO, a collaboration between Tolokonnikova, digital artist Trippy Labs, and artist collective PleasrDAO, will sell 10,000 NFTs of the Ukrainian flag minted on Ethereum, as well as a separate unique NFT of the flag. Proceeds from the sale will benefit humanitarian groups NGO Proliska and the Return Alive Foundation. Tolokonnikova told Decrypt that the group decided to depict the Ukrainian flag “because it’s not about any specific artists or aesthetics — it’s about something much bigger than all of us, it’s a pure gesture of solidarity.” “Activism is the only reason I joined Web3,” Tolokonnikova added. “Now, when I’m so deeply as...
ECB president calls for crypto regulation in response to Russia potentially evading sanctions
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 from getting around economic sanctions. Speaking to reporters at an informal meeting of economics and finance ministers on Friday, Lagarde said the European Central Bank would be “decisively and rigorously” implementing the sanctions on Russia imposed by European lawmakers in response to the country’s invasion of Ukraine. In response to a question on Russia potentially using crypto to evade some of these measures, the ECB president urged action on an existing proposal for a regulatory framework on digital assets. “Whenever there is a ban or prohibition or a mechanism in place to boycott or prohibit, there are always c...
David Lynch’s Weather Report Forecasts “Death and Destruction” for Vladimir Putin
David Lynch included an unusual forecast in his daily weather report on February 25th, predicting that “death and destruction” will come for Russian President Vladimir Putin in the wake of his invasion of Ukraine. Lynch revived the weather reports in 2020 after sporadically posting them to his website in the aughts. He’s known for enthusiastically shaking the camera on Fridays and faithfully reporting the Los Angeles temperatures before signing off with a wave. The February 25th report began like many others, with Lynch revving up like a boxing ring announcer to exclaim, “If you can believe it, it’s a Friday once again!” But his YouTube video soon took an unexpected turn. Advertisement Related Video “Today I was thinking about the Ukrainians and the song ‘Roads’ by Portishead from the...
Crypto community rallies with Ukraine as local NFT artists’ works sell out
It appears that crypto enthusiasts worldwide are rallying in support of Ukrainians during the difficult times. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine’s military efforts, received $3 million in BTC in a single donation on Friday. Users also took to social media to ask the country’s Ministry of Defense to accept crypto donations, such as Tether (USDT). At the same time, the founder of Ukraine’s Kuna exchange created a crypto fund to assist charities in the country. Everyone! Thank you for all the support and donations! The current plan is separated into 3 parts to involve as many as possible 1) direct donations (aimed at individuals)2) NFT Auction (via telegram & Opensea) 3) Project %...
Russia Will Be Allowed to Compete in Eurovision 2022 Despite Ukraine Invasion
Organizers of the 2022 Eurovision Song Contest say that Russia will still be allowed to compete in the international competition despite the country’s unprovoked invasion of the neighboring nation of Ukraine. Via The Huffington Post, the European Broadcast Union (EBU), which produces the competition, defended Eurovision as a “non-political cultural event.” At the time of this writing, several Ukrainian cities are under attack, and Russian special forces and airborne troops have breached Ukraine’s capitol city of Kyiv. American officials have suggested that President Vladimir Putin may seek to replace the democratically-elected government of Ukraine with a shadow government, or perhaps even annex Ukraine into Russia. Two days ago, Putin said, “Ukraine has never had its own authentic st...
Ukraine Bitcoin exchange volume spikes 200% as Russia war sparks currency concerns
Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia’s invasion, data shows. According to monitoring resource CoinGecko, on Feb. 24, volume at Kuna almost trippled to over $4 million. Crypto on the radar of Ukrainians As the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately apparent. While the Russian ruble suffered noticeably more, the Ukrainian hryvnia also fell, targeting 30 per dollar in what would be a new all-time low. Ukraine, which just this month finally ratified a law legalizing cryptocurrency after much to-and-fro between lawmakers, unsurprisingly saw interest in alternatives snap higher. The effect was obvious at seven-year-old Kuna, volumes at which ...
Bitcoin price spike to $39K leads traders to say ‘the panic is 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 classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours on Feb. 24, shortly after the Ukraine incursion began, and has since climbed its way back to $38,500 after an unexpected short-squeeze may have rapped bearish investors on the knuckles. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what several analysts are saying about BTC price and how the ongoing conflict could impact crypto markets in the short-term. BTC in a “great buy area” Bitcoin’s collapse on the night of Feb. 23 was not unexp...
Crypto could bypass President Biden’s ‘devastating’ sanctions on Russian banks and elites: Report
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 or cryptocurrency transfers. In a Thursday announcement from the White House, Biden said the U.S. and its allies and partners would be enforcing sanctions aimed at imposing “devastating costs” on Russia due to “Putin’s war of choice against Ukraine.” The U.S. president announced that the country would sever its financial system from Russia’s largest bank, Sberbank, as well as impose “full blocking sanctions” on VTB Bank, Bank Otkritie, Sovcombank OJSC, Novikombank, and their subsidiaries. Biden also named several elite nationals who have “enriched themselves at the expense of the Russian state” as part of the ...
Sean Penn Is in Ukraine Filming a Documentary on the Russian Invasion
Sean Penn is in Ukraine filming a documentary about the Russian invasion, according to a press release from the Office of the President of Ukraine (via Newsweek). The American filmmaker first landed in Ukraine in November 2021 to make a movie about Russian aggression. After briefly retuning to the US, he was back in Ukraine’s capitol city of Kyviv on Thursday to attend a press conference. For the project, he has reportedly interviewed local journalists, military leaders, and Deputy Prime Minister Iryna Vereshchuk. According to a statement from the Office of the President, “The director specially came to Kyiv to record all the events that are currently happening in Ukraine and to tell the world the truth about Russia’s invasion of our country. Sean Penn is among those who support ...
FTX CEO speaks on market crisis amid the Russian invasion of Ukraine
Sam Bankman-Fried said Eastern European countries could consider Bitcoin an alternative to their destabilised currencies He also explored the contrasting positions between fundamental and algorithmic investors Early Thursday, reports of invasion into Ukraine by Russia’s military led Bitcoin and other crypto markets tumbling. Stock markets also fell along with cryptocurrencies as Russia started what President Putin called a demilitarisation operation in Ukraine. In a recent Twitter thread, FTX CEO Sam Bankman-Fried has shared his view on the massive correction that crypto markets saw. According to data provided by CoinMarketCap, Bitcoin fell as low as $34,459. Markets have recovered to some extent and the ticker is currently trading at $35,482. Conflicting sentiments on Bitcoin&#...
Putin Orders Russian Forces To Invade Ukraine
HipHopWired Featured Video Source: Universal History Archive / Getty The worst fears of impending war have been confirmed, as Russian military forces have invaded the country of Ukraine under the direction of President Vladimir Putin, incurring condemnation from the United States and other nations around the world. In an address to Russians on Wednesday (February 23rd) before 6 A.M., Putin announced a large-scale military operation would be carried out in the Donbas region in the eastern part of Ukraine. Shortly afterward, explosions could be heard in and around the capital of Kyiv, Kharkiv, Odessa, and Zaporizhia. Rockets were spotted being fired from Russia across the border, and Ukrainian President Volodymyr Zelensky moved to enact martial law. “Putin began war against Ukraine, against ...
