Ukraine has been receiving hefty donations in the form of cryptocurrencies. These donations have been directed towards Ukrainians and the Ukrainian military. Now, the country is expanding its cryptocurrency options to support its military in the fight against the Russian invasion. To boost its crypto fundraising campaign, Ukraine is now…
Block, formerly Square, has reported its gross profits for the last quarter of 2021. The profits reached $1.18 billion, a 47% increase from the same period last year. Block is a company founded by Jack Dorsey, the former Twitter CEO. The company focuses on Bitcoin and blockchain technology. Block is…
Bitcoin is currently sitting at around 45% below its all-time high, but on-chain metrics are still strong, signalling increased adoption. On-chain data during February shows that the market sentiment for Bitcoin is positive, with addresses with a non-zero balance of Bitcoin reaching an all-time high. Non-zero BTC addresses reach ATH…
Tether (USDT), the stablecoin pegged against the US dollar, is surging against the Russian ruble. The stablecoin is up by more than 30% in just five days, and it has now reached an all-time high against Russia’s fiat currency. The poor performance of the ruble comes from sanctions imposed against…
The president of the European Central Bank, Christine Lagarde, is calling upon the European Union to develop a strict cryptocurrency regulatory framework. This call comes as Russia continues to face tough sanctions from Western countries. The sanctions imposed against Russia are affecting its economy, and the Russian ruble is plummeting.…
South Korea is planning on investing $187M to crate the Metaverse ecosystem. They believe that Metaverse would support the growth of digital currencies but also corporate growth within the country when it comes to digital content. On February 27th, the Ministry of ICT, Science, and Future Planning stated that there…