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Samson Mow – Chief Strategy Officer at Blockstream – announced on Tuesday that he is leaving the company. Going forwards, he will continue working on other Bitcoin-related projects, while supporting its adoption by nation-states, such as in El Salvador. So Much Bitcoin; So Little Time The Bitcoin expert explained the details of his departure in a Twitter thread, showing pride in the work he has achieved at Blockstream. Mow spent five years with the company, which provides Bitcoin network infrastructure…

Spanish sporting giant, Barcelona FC, has disclosed plans to create its own cryptocurrency. Markedly, Barcelona’s crypto-positive decision comes at a time when it struggles with financial stability. The club’s leaders have also suggested crypto could help the club compete financially with other clubs which are equipped with better TV rights deals, revenue, or investment. Barcelona’s president Joan Laporta first announced the club’s crypto ambitions a few days ago during the recent Mobile World Congress. Laporta noted that the club would…

As part of an ongoing campaign against terrorism funding, Israeli officials have confiscated 30 crypto wallets from the Gaza-based exchange Al-Mutahadun. Wallets Seized from 12 Accounts The head of Israel’s Ministry of Defense, Beni Gantz, gave the green light for the seizure on Monday, February 28. Following this, officials from the Ministry, the Police, and the Military pooled resources for the operation. Together, the joint force took possession of 30 wallets suspected to be affiliated with the Hamas terrorists. Alongside…

Simplicity leads to security, and a more decentralized blockchain. If Bitcoin were more expressive, it wouldn’t be effective as a global, neutral monetary network.   There are now over 17,000 cryptos listed on CoinMarketCap. As always, nearly all of these coins, tokens, and blockchains advertize themselves in comparison to the very first. Faster than Bitcoin. Flashier than Bitcoin. Better returns than Bitcoin. Environmentally-friendlier than Bitcoin. We know the script. Yet everything comes at a cost. Where other blockchains purport to…

As the war in Ukraine rages on, Russia is facing crippling sanctions. The Ukrainian government wants these sanctions to extend to crypto. Ukraine is calling the largest crypto exchange to block all crypto addresses in Russia and Belarus. Moreover, they want to freeze the assets of both politicians and citizens. Ukraine's Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov called for the unprecedented move. It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians,…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,765 trillion. Bitcoin increased by almost 2% after a highly volatile week. Ethereum is up by over 4% this week. XRP lost over 5% of its value in the past seven days. Almost all altcoins are trading in the red after a rough period. The DeFi sector lost roughly $2 billion from the Total…

BitConnect founder Satish Kumbhani has been officially charged with defrauding investors on the crypto platform of about $2.4 billion, via an elaborate Ponzi scheme. Kumbhani’s Charges The US Department of Justice shared the details of his charges after a federal grand jury indicted Kumbhani. According to the official documents, Kumbhani’s allegations include working with co-conspirators to commit wire fraud.  Additionally, the authorities charged him with conspiracy to commit market manipulation and for providing unlicensed money transfer services. The grand jury’s…

With Russia’s invasion of Ukraine underway, crypto users have risen up to help the nation defend against its hostile neighbor. The Ukrainian military has reportedly raised $4 million in crypto through NGOs and volunteer groups since the attack began. International Crypto Crowdfunding According to live data from Elliptic – a blockchain analytics firm – crypto donations to Ukrainian NGO’s have “soared” since the beginning of the invasion. Hovering near-zero earlier this month, donations rose above $500,000 on February 24th, and…

Following 4 trademark filings pertaining to NFTs and the metaverse, beverage maker Monster Energy is yet another brand touted to venture into the virtual space. Digital Goods are Prioritized Recently, more companies have begun to leverage the popularity of NFTs. Since last year there has been a marked transition to tokenized product offerings and metaverse-focused services. The goal is to drive up visibility and improve customer interaction. Monster energy’s speculated foray into the NFT and metaverse space could be another…