Ukraine
Terra’s Mirror Protocol MIR rebounds 40% two days after crashing to record low
Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR’s record low. MIR/USD four-hour price chart. Source: TradingView Just like the drop, MIR’s upside retracement came in the wake of similar recoveries elsewhere in the crypto market. But interestingly, MIR/USD returns appeared larger than some of the highly valued digital assets, i...
Ukrainian Chorus Dumka of New York Performs During SNL’s Cold Open: Watch
Saturday Night Live opened this week’s episode with a performance of “Prayer for Ukraine” by the Ukrainian Chorus Dumka of New York. The performance was introduced by SNL cast members Cecily Strong and Kate McKinnon, and featured a table of candles that spelled out the name of Ukraine’s capital, Kyiv. Watch a replay of the emotional tribute below. According to an article published by The Ukrainian Weekly in 2019, the chorus was founded in 1949 as a way for Ukrainian immigrants to “preserve and cultivate the rich musical heritage of Ukraine.” “Prayer for Ukraine” performed by Ukrainian Chorus Dumka of New York pic.twitter.com/5pi2l1Olpx Advertisement Related Video — Saturday Night Live – SNL (@nbcsnl) February 27, 2022 Share this: [flexi-common-toolbar] [flexi-form class=”flexi_form_s...
Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war
Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the government of Ukraine sought help from numerous international organizations to overpower the imminent threat. However, considering time is of the essence, the official Twitter account of Ukraine extended its call for help to Crypto Twitter. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d1...
Eurovision Organizers Change Mind, Ban Russia from 2022 Competition
One day after insisting that the Eurovision Song Contest is a “non-political cultural event,” the European Broadcast Union has banned Russia from the 2022 competition following the unprovoked invasion of Ukraine. Via Variety, the EBU issued a statement saying that “no Russian act will participate in this year’s Eurovision Song Contest.” It continued, “The Executive Board of the EBU made the decision following a recommendation earlier today by the Eurovision Song Contest’s governing body, the Reference Group, based on the rules of the event and the values of the EBU. The Reference Group recommendation was also supported by the EBU’s Television Committee. The decision reflects concern that, in light of the unprecedented crisis in Ukraine, the inclusion of a Russian entry in this ye...
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...
