Ukraine
Bitcoin a ‘good bet’ if Fed continues easing to avoid a recession — analyst
Bitcoin (BTC) has the potential to become a “good bet” for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack. The independent market analyst pitted the flagship cryptocurrency, often called “digital gold” by its enthusiasts, against the prospects of further quantitative easing by the U.S. central bank, noting that the ongoing military standoff between Ukraine and Russia had choked the supply chain of essential commodities, such as oil and wheat, resulting in higher global inflation. For instance, consumer prices in Europe jumped 5.8% year-over-year in February compared to 5.1% in the previous month, greater than the median economist forecast of 5.6% in ...
New York state ramps up blockchain monitoring to enforce sanctions
New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology. According to a statement released Wednesday, the department will use the technology to help detect exposure to Russian individuals and entities subject to federal sanctions, by the virtual currency businesses licensed by the department. NY Gov. Kathy Hochul issued an executive order Feb. 27 directing state agencies to divest from Russian institutions and companies, as well as entities that provide them with support. She said: “New York is proudly home to the nation’s largest Ukrainian population and we will use our technological assets to protect our people and show Russia that w...
The Blessed Madonna, Róisín Murphy, More to Perform at Fundraising Rave for Ukraine
In response to the Russian invasion of Ukraine, London-based music collective R3 Soundsystem are planning a fundraising rave to support humanitarian efforts. The event will take place on Friday, March 11th at the South London club Venue MOT and will run for nine hours, from 10PM to 7AM. Craig Richards, The Blessed Madonna, and Róisín Murphy will perform DJ sets, among others. “As part of the fundraiser, we will raise crucial funds destined for aid, refugee assistance and evacuations,” R3 Soundsystem said. “The money raised, the group added, will go to Bündnis Entwicklung Hilft (Alliance for Development Help), Fulcrum UA and All Out to provide humanitarian help on the ground, and support people in Ukraine and refugees in the neighbouring countries that they are f...
Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun
Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains. Crypto Fear & Greed index. Source: Alternative The ongoing conflict in Ukraine and recent actions taken by governments to limit access to banking services may have helped to shine a light on the value of holding cryptocurrencies, which offers some protection against uncontrollable events and what some might perceive as government overreach. Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has oscillated between $43,350 and $45,400 on March 2 as the world awaits some form of resolution to th...
Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop
With the price of the meme-based token Dogecoin (DOGE) higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. Ukraine’s Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped significantly against the U.S. dollar in the wake of U.S. and EU sanctions, its price has been lower than DOGE’s since January 2021. According to data from Cointelegraph Markets Pro, the price of Dogecoin is roughly $0.13 at the time of publication, having fallen by less than 1% over the last 24 hours. However, Fedorov’s message on Twitter also called for DOGE proponents including Tesla CEO Elon Musk and Dogecoin founder Billy Markus to donate to Ukraine’s militar...
Revolut’s Russian co-founder decries the ongoing war in Ukraine
Revolut CEO Nik Storonsky explained that he decided to exercise caution in his public comments and actions for the welfare of Revolut’s Russian staff His Ukrainian co-founder Vlad Yatsenko critiqued President Putin last week over the attack on Ukraine Following a period of reticence, the CEO of London-based fintech firm Revolut Nikolay Storonsky has established an anti-war standing over the ongoing invasion of Russia into Ukraine. The Russian billionaire co-founded Revolut with his Ukrainian partner Vlad Yatsenko, who serves as the CTO of the financial services company. Storonsky expressed his disappointment in the Russia-Ukraine conflict taking a war route via a personal letter published in a blog post yesterday. He averred that the war between the two countries would never be an an...
War coincides with Bitcoin’s highest ‘real’ volume since early December
The “real” daily Bitcoin (BTC) volume spiked to levels not seen for three months amid the Russian invasion of Ukraine. According to the latest weekly update report from blockchain analytics firm Arcane Research, real daily BTC trading volume surged above the $10 billion last Thursday (Feb. 24, the first day of the invasion), marking the highest daily volume recorded since Dec. 4. The firm cited “new crypto narratives” that have risen to the forefront amongst the ongoing crisis, such as crypto fundraising in Ukraine, along with demand increasing in relation to the western block and Russia introducing “the strictest capital controls in decades.” Strong selling pressure from investors looking to take risk off the table on Feb. 24 may also have contributed to the surge in daily BTC volume, as ...
Petrol Price Hike Expected by Midnight in South Africa
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Shared Google Sheet Launched In Effort to Support Ukrainian Artists and Record Labels
Efforts to get critical humanitarian aid to Ukraine are underway, and one organization has created a shared file spotlighting the nation’s artistic community in need. If-Only, a UK-based publication, has launched an open-source Google Sheet containing a list of Ukranian artists and music labels with the help of public suggestions. The header of the shared document issues a call to action encouraging supporters to back the Ukrainian artists and labels via Bandcamp. At the time of writing, the list sits at a combined 130 labels and artists of all stylistic varieties from techno to ambient jazz. As If-Only notes, Bandcamp is viewed as a favorable channel when it comes to directly supporting artists. Artists on the platform generally retain 82% of the funds donated on the platform,...
Crypto markets have inadequate liquidity to sustain sanctioned Russia, TRM Labs’ executive says
TRM Lab’s Ari Redbord expects Russia to turn to crypto to skirt the economic pressure of sanctions from the West However, the executive believes that crypto markets are not liquid enough to serve Russia’s financial demands In an interview with CNBC today, Ari Redbord, the Head of Legal and Government Affairs at blockchain transparency firm TRM Labs, has suggested that even though Russia may look towards cryptocurrencies to help navigate the wild effects of sanctions from the west, they just won’t cut it. As the US and its allies attempt to close Russia out of the dollar-denominated financial system, the crypto specialist theorised that he expects Russia to ultimately turn to cryptocurrencies. “Look, crypto provides an alternative to traditional financial systems. If...
Ukraine accepts DOT, founder Gavin Wood donates $5.8 million
Calls from the crypto community for Ukraine to accept other cryptocurrencies have been answered. The official Ukraine Twitter account shared that it will now accept donations from Polkadot (DOT), while other cryptocurrencies will soon be added. The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv.More cryptocurrencies to be accepted soon. — Ukraine / Україна (@Ukraine) March 1, 2022 Gavin Wood, the co-founder of Polkadot had previously shared that if the Ukraine wallets were to add DOT, he would personally contribute $5 million. He made true on his promise, donating 298,367.2269896686 DOT, which is roughly...
Russia-Ukraine latest: Brazilian footballers could be loaned out from Ukrainian clubs
Due to the war in Ukraine, the domestic championship has been suspended with many of the Brazilian players completely free Due to the war in Ukraine, the local championship is suspended until further notice. Brazilian clubs would like to “take advantage” of this and plan to repatriate their many compatriots present in the war-torn country. The world of football can be terribly cynical, with loads of examples to prove this statement. The war in Ukraine may well offer us a new example. While the local championship has been suspended since the start of the Russian invasion until further notice, many stars find themselves unable to exercise their profession on a daily basis. And that has given some ideas to some teams who need some reinforcements. Brazilian clubs, for which the transfer window...
