Wed | 02.03.2022
FX & Currency
In this cryptocurrency era, things are moving faster than ever, so you'd better keep one eye constantly on the market changes. Find out what are the top performance leaders in the past 5 days.
CRYPTO DONATIONS POUR IN AFTER UKRAINE GOVERNMENT ASKS FOR BITCOIN AND ETHER - $17 MILLION RAISED SO FAR
The Ukrainian government began soliciting cryptocurrency donations Saturday morning. The official Twitter account for Ukraine tweeted: “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT.” The tweet also includes a BTC address and an address for ETH and USDT donations. Mykhailo Fedorov, vice prime minister of Ukraine, also tweeted a similar message.
Following the Ukrainian government’s solicitation of crypto donations, blockchain data analytics firm Elliptic said Sunday:
The Ukrainian government and NGOs providing support to the military have raised $17.2 million through thousands of cryptocurrency donations since the start of the invasion.
CRYPTO WILL NOT SAVE RUSSIA FROM SANCTIONS, EXPERTS SAY
Cryptocurrency alone will not allow Russia to skirt a barrage of sanctions aimed at punishing Moscow for invading Ukraine, cryptocurrency analysts told Al Jazeera.
The United States, United Kingdom, European Union and Canada announced new sanctions on Monday, this time targeting Russia’s central bank and national wealth fund. The US Treasury Department said that it was limiting Russian President Vladimir Putin’s ability to use the country’s $630bn in foreign reserves.
BITCOIN STEADY AMID UKRAINE CONFLICT
Cryptocurrency prices are holding steady even as the Ukraine crisis shows no signs of easing, with Western nations imposing new sanctions on Russia after President Vladimir Putin refused to stop attacks on its neighbor.
Bitcoin was trading at around $39,000, roughly where it started the weekend. It briefly edged above $40,000 on Saturday. Ether was down 3.4% at $2,732.
The relative calm in crypto markets follows a global equities rally on Friday that saw the S&P 500 jump 2. ..
DEATH KNELL FOR MARK ZUCKERBERG'S CRYPTO DREAMS AFTER REGULATORS BLOCK META'S DIEM
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital.
Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not have a comment.
A Facebook spokesperson, however, pointed to tweets by Stephane Kasriel, head of Meta's cryptocurrency wallet Novi, that said the decision to sell was not made by Meta, but by the Diem Association.
"We hope that the Association’s sale of their assets to @silvergatebank will allow the project’s vision to live on. Because we still believe in the shared financial inclusion mission," Kasriel wrote.
This article is provided by our Cryptocurrency Partner, Bitcoin Romania.