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…
The ongoing war in Ukraine following the Russian invasion has given rise to increased calls to set up a global crypto regulatory framework. Already, the IMF, Bank of England, and even the Indian Prime Minister Modi have made calls for crypto to have a global structured regulation. But the response…
According to the report, the lawmaker leading the proposed framework says the situation needs to be clarified before MEPs can get into action. However, the head of ECB wants the lawmakers to speed up plans for the regulatory framework. The EU Parliament Wants To Clarify Issues The vote on the…
El Salvador is still keeping its sight on more adoption of Bitcoin. Four months after Nayib Bukele’s administration announced Bitcoin as a legal tender, the country is about to witness a new hospital built entirely by Bitcoin profit. The veterinary hospital will open on February 28 and will charge $0.25…
Last week, OpenSea allowed time for users to move their nonfungible token (NFT) listings during its contract migration. The platform has announced that the move will affect some functions on the site, which may not be available for a short time. OpenSea released the new smart contract on February 19…
