To the sound of war drums between Russia and Ukraine, Bitcoin continued its downward spiral on Monday. Over the weekend, the digital currency par excellence lost crucial support below $40,000, and on Monday, it made a low below the next control zone at $37,000. Despite closing near $38,000, the crypto currency is swinging around the…
Bitcoin recorded its largest single-day pump in a year as the Russian ruble tanked 20% in its value against the dollar amidst worldwide economic sanctions imposed in the country after their attack on Ukraine. Sanctions Pump Bitcoin The most influential countries in the world have imposed penalties on Russia aiming for its economic collapse to…
Crimea, a disputed territory between Ukraine and Russia, is heading towards the creation of an international center for blockchain technology. Authorities in the Crimean Peninsula regard blockchain technology as a solution for states under international sanctions. Crimea was annexed by the Russian Federation in 2014 following a coup d’etat in Ukraine. The majority of international…
It is no surprise that international support for Ukraine continues to grow following the invasion by Russia. After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. For example, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto money industry did not remain idle either. Binance,…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
JPMorgan & Co. is one of the leading financial services institutions globally, including crypto. Its assets and worldwide operations are worth over $2.6 trillion. The company’s rich history has been on for more than 200 years. JP Morgan is committed to providing commercial banking, financial services for small businesses and customers, investment banking, etc. It…
Minutes after Russia announced a “special military operation” in Ukraine, effectively declaring war on the Eastern European country, Vitalik Buterin, a Russian-Canadian cofounder of the Ethethereum B blockchain, criticized Russian President Vladimir Putin on Twitter. Buterin Speaks Out Buterin said on Wednesday evening that he was “very upset” by Putin’s choice to start a war…
The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or…
Bitcoin plunges below $40,000 in the early hours of the weekend and proceeded to backpedal in the face of escalating tensions on the Ukraine-Russia border, not to mention ongoing inflationary unease. At the time of writing, the world’s most popular cryptocurrency was trading near $38,700, down 3.4% in the previous 24 hours and at its…
Bitcoin surged as much as 9% after a weekend selloff, on anticipation that cryptocurrencies may gain popularity as a result of Russian sanctions. According to TradingView, the crypto market appears to have recovered after weeks of poor performance, with the price of Bitcoin (BTC) rising 14.5 percent in the last week to little over $43,000.…