Ukrainians are buying more Bitcoin than ever before to protect their holdings as they fend off an attack from neighboring Russia. A report released Tuesday from Arcane Research showed Ukrainians were using Binance, the world’s largest cryptocurrency exchange, to snap up stablecoin Tether and Bitcoin with the hryvnia. (One Ukrainian hryvnia currently is worth about $.033.) Arcane’s data shows that…
Two weeks ago, Ukraine adopted a new law on virtual assets. It is a fundamental law, and it establishes the principles of how the crypto market will be regulated. The law does not contain any specific requirements and direct obligations. Nevertheless, the existing opinions that cryptocurrencies do not need any regulation, even that it harms them, have stirred up the…
sponsored While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to individuals and businesses alike; nevertheless,…
2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune and a few potentially bullish…
The international hacktivist collective known as Anonymous has vowed to attack Russian government websites over the recent Ukraine invasion. So far Anonymous says that it hacked the Russian Ministry of Defense database and various state-operated television channels in Russia. Additionally, a spokesperson from Russia Today (RT) said that after Anonymous’ recent statement, RT websites were inundated with DDoS attacks. Anonymous…
In brief The Markets in Crypto Assets bill would provide a regulatory framework throughout Europe. A vote on the bill was delayed last week over language concerning “environmentally unsustainable consensus mechanisms.” That language has now been removed. European Union lawmakers have scrapped a section of a pending bill that could have made it illegal for crypto services to deal in…
In brief Leading crypto game Axie Infinity will boost its marketplace fee and institute a creator rewards program. The game’s token-driven, play-to-earn economy has struggled in recent months. Axie Infinity leads the blockchain gaming world, recently topping $4 billion in total NFT trading volume to date. But it’s also dealing with a declining play-to-earn economy that developer Sky Mavis is…
Development never stops in the blockchain sector and projects that continuously evolve are the ones that stay at the forefront and survive over the long-term. One project attempting to stay on top of the innovation wave is Waves, a multi-purpose blockchain protocol designed to support a variety of use cases, including decentralized applications and smart contracts. Data from Cointelegraph Markets…
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants have been preparing to transition…
Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years. In a Tuesday Twitter thread, Mow said he would continue to be a “#BlockstreamSpy” following his departure from the Canada-based firm where he had worked since April 2017. He said he would stay on as CEO of game development company Pixelmatic, a…
