Cryptocurrency donations sent to the Ukrainian government and several non-governmental organizations meant to support the country amidst its ongoing war with Russia have topped the $30 million mark. According to on-chain analytics firm Elliptic, the Ukrainian government and NGOs supporting the country’s military efforts and humanitarian causes have raised $20 million across 17,451 transactions as […]

Ukrainians are turning to cryptocurrencies for day-to-day cash transactions in the wake of the armed conflicts with Russia. Donations have also flowed in Bitcoin, Ethereum, USDT, and other cryptocurrencies in the defense of the country.

PRESS RELEASE. Leading personal financial services’ evaluator, the Ascent, named KuCoin crypto exchange the best cryptocurrency app of 2022. The Ascent is a flagship product of world-renowned private financial and investing advice company, The Motley Fool. Ascent rated KuCoin Exchange based on factors like fees, selection of coins, customer reviews, KYC rules, security features and […]

Pantera Capital believes Bitcoin could rally higher soon thanks to the consequences of the Fed policies and the taxation policies as we can see more today in our latest bitcoin news. Despite the many turbulences in the crypto market, Pantera Capital believes tht Bitcoin could soon rally higher in the next few weeks. According to […]

Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling. Wars Make Bitcoin Compelling: Michael Saylor The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him. Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS — Michael Saylor⚡️ (@saylor) February 24, 2022 One of the common investments behind Bitcoin (BTC) is that it’s a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar. Over $5M in BTC Raised to Support Ukrainian Army One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the wallet address has over 133 BTC. Founded in 2014, the Kyiv-based group provides support to Ukrainian soldiers, including a range of military equipment, training services, and medical supplies. At the same time, the country’s Ministry of Defence has also set up a designated bank account to accept donations for Ukrainian armies in fiat currencies.

The post Wars Create Inflation Making Bitcoin Compelling, Says MicroStrategy CEO appeared first on Cryptoknowmics-Crypto News and Media Platform.

"Tax Day" and the consequences of the Fed's policies could boost bitcoin's price in the near future, Pantera Capital forecasted.

Amid ongoing issues between Russia and Ukraine, Bitcoin took a major hit in the past few days. The digital asset crashed from $40,000 to as low as $34,000 in the last 7 days.

  By FintechNews staff When the United States barred Americans from doing business with Russian banks, oil and gas developers and other companies in 2014, after the country’s invasion of Crimea, the hit to Russia’s economy was swift and immense. Economists estimated that sanctions imposed by Western nations cost Russia $50 billion a year. Since […]

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Despite starting with noticeable declines yesterday, cryptos showed an impressive recovery over the past…

The post Highlights Feb 25: Cryptos recover, UK100 ends deep in the red appeared first on Coin Journal.

Bitcoin trading volumes have surged drastically at a major Ukraine cryptocurrency exchange amid the Russian invasion. According to monitoring resource CoinGecko, on Feb. 24, volume at the local crypto exchange Kuna almost tripled to over $4 million. As the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately […]

The price of Tether's USDT stablecoin soared to 36.97 Ukrainian hryvnias (UAH) ($1.23) on Ukraine's Kuna exchange on Thursday, following the ongoing invasion from Russia. (Read More)