Ukraine Calls for Freezing Crypto in Russian Hands

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,…

DiveWallet Review – The Next Level of Practicality and Asset Security

DiveWallet is an all-inclusive, fully-functional, cross-chain mobile wallet that is just making its way on the market. The project aims to make the cryptosphere safer and secure the users' assets from scams and malicious attacks. This DiveWallet review looks closely at the most recent crypto wallet applications to surface in the crypto world. Read on to discover its features, tokenomics, and roadmap! What is DiveWallet? The crypto industry provides plenty of opportunities for everyone, including developers, investors, traders, and everyday…

WMA: The Market Faces High Volatility Amid Russian Invasion of Ukraine

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 Faces Indictment Over Alleged $2.4B Fraud

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…

Ukrainian Military Raises $4 Million+ From Crypto Crowdfunding

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…

Could Beverage Company Monster Energy be Eyeing the Metaverse?

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…

Apple Store Gunman Demanding €200 Million in Crypto Confirmed Dead

The robber caused a stir when it started a hostage situation in an Amsterdam-based Apple store, before demanding more than 200 million euros in crypto.  Robber Takes Hostage, Demands Crypto Ransom An armed man, dressed in camouflage, reportedly took over an Apple store in Leidseplein and held one person at gunpoint. The armed man afterward gave an ultimatum of 200 million euros to be paid in crypto or the hostage's life. The suspect, only later identified by a local newspaper…

Dogecoin Creator Says Memecoins Aren’t Funny Anymore

Billy Markus – co-founder of Dogecoin – isn’t amused with the influx of “memecoins” entering the crypto market these days. He recently called out their creators as promoting scams and get-rich-quick schemes, rather than actual jokes or memes. By contrast, he maintains that Dogecoin was actually created as a joke. The Joke Has Run Its Course In a tweet posted on Wednesday, Markus drew a clear distinction between real jokes in the cryptocurrency space, versus cheap marketing schemes. “Satire as…

Bitcoin Crashes to $35,000 as Russia Declares War on Ukraine

Crypto markets crashed 10%, together with the stock market, as Russian forces started military operations against Ukraine.  Bitcoin fell to a one-month low as the crypto markets reacted to geopolitical instability. The biggest crypto traded at $35,300, down 9% from $39,000. Ethereum dropped even more, by 12.5% to $2,373. All major cryptos were in the red, posting 24-hour losses from 8% to 20%. Among the biggest losers were Cardano, Doge, Polkadot and Shib, all down 17%. Crypto markets followed a…

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