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Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week. Bitcoin Bitcoin ended two consecutive sessions of decline to start the week, as the world’s largest cryptocurrency seemed to have found its price floor. BTC /USD hit an intraday low of $37,268.98 earlier in today’s session, with prices now climbing towards resistance above $40,000. This rebound comes after prices found support at $37,000 on Sunday, which was the lowest level BTC had hit since Friday. Looking at the chart, Monday’s move comes just as the 14-day RSI has marginally broken past its own ceiling at 46, and is currently tracking at 47.84. In addition to this, the momentum of the 10-day moving average (red) is now moving in a sideways path, which could set the floor for a potential upward change in direction. With B...

Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant premium on February 28, jumping 16% higher than the global average. Russian Demand for Bitcoin Surges Causing BTC-RUB Premiums Statistics show that there’s been a lot of demand for bitcoin ( BTC ) stemming from Russia during the last 96 hours. It started almost immediately after Russia invaded Ukraine’s borders and while the warfare between the two countries escalated. Data from the crypto analytics provider Kaiko shared with the crypto-journalist Omkar Godbole shows that ruble-denominated BTC trade volume has spiked a great deal. Kaiko’s data showed that ruble-denominated BTC volume tapped a nine-month high reaching nearly 1.5 b...

PRESS RELEASE. February 2022: Leading Crypto service comparison site Cryptowisser, announces its Crypto Carbon Footprint list . The list ranks how sustainable the top 100 cryptocurrencies are and is based on the research of a Swedish team of sustainability experts. The list ranks each coin of how a typical transaction affects the environment through its carbon footprint. The list uses a color scheme to display different levels of energy efficiency and carbon footprint, with dark green being the cleanest by carbon neutral or negative, and medium green being equivalent to a VISA transaction. “We are excited to release the world’s first comprehensive ranking of carbon footprints of Cryptos and we hope to give more clarity in the market regarding how green different cryptos are. Based on our research, we can also give a positive outlook for the sustainability of Crypto” Richard Ramberg, CEO of Dgtl Assets Group AB How Does Crypto Have a Carbon Footprint? The carbon footprint of cryp...

Gabe Newell, founder and CEO of Valve, a popular company in the PC gaming market, has revealed his take on crypto and NFTs when applied to games. In an interview with gaming media, Newell validated the NFT technology that makes it possible to create these digital representations. However, he also stated that the actors in the sector tend to be involved in criminal activities. Valve CEO Talks About NFTs, State of the Industry Gabe Newell, CEO and founder of Valve, owners of Steam, one of the largest digital distribution markets in the PC industry, offered his thoughts regarding the NFT phenomenon and the people behind it. In an interview offered to Rock, Paper, Shotgun, Newell made a clear distinction between the technology that powers NFTs and the people that are currently in the industry promoting it. To validate the technology behind NFTs, Newell stated: You have to separate the underlying technology versus which actors are utilizing that technology. It’s like if you’re a chem...

The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium (CPH), counterparty (XCP), and terra (LUNA) leading the pack. TVL in Defi Jumps Back Above $200 Billion — Cypherium, Counterparty, Terra Rise Crypto markets have recovered after initially dropping after Russia invaded Ukraine three days ago and the rebound has pushed defi value up as well. After falling beneath the $200 billion mark, the total value locked (TVL) in defi has jumped back above the zone to $200.94 billion on February 27. The TVL in defi across all the top blockchains hit a low of $185.9 billion on January 28 and it’s up 10.61% since that day. Curve dominance is 8.68% on Sunday with $17.86 billion total value locked but the defi protocol’s TVL is down 5.61% since last week. ...

Tech entrepreneur Elon Musk has announced that the Starlink satellite internet service has been enabled for Ukraine. The move comes in response to a request from the government in Kyiv which is trying to halt a Russian military assault that may disrupt communications, among other threats. Elon Musk Provides Ukrainians With Access to Starlink U.S. billionaire and crypto influencer Elon Musk revealed on social media the activation of Starlink for Ukraine. The satellite internet constellation is operated by Spacex, the aerospace manufacturer and provider of space transportation services founded and managed by Musk. The entrepreneur also tweeted that the company is sending Ukrainians the necessary equipment. Starlink’s low-orbit satellites provide high-speed broadband internet across the globe but access to the network requires the installation of a special antenna and modem. Earlier on Saturday, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov took to Twitter to address...

The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 Exahash per Second to 169 EH/S in 12 Days From January 13 to February 15, Bitcoin’s hashrate was coasting along at record highs for roughly 33 consecutive days. This weekend, on Sunday, February 27, 2022, the hashrate has dropped 30% from the 249 EH/s ATH captured on February 15. At the time of writing, Bitcoin’s ( BTC ) network hashrate is around 168.14 EH/s or 168,144,793,932,750,200,000 hashes per second (H/s). Meanwhile, bitcoin’s price has been lower than usual but 30-day statistics show the price per BTC is up 4.4%. Although, bitcoin mining monthly revenue and 7DMA revenue mining stats are down according to onchain metrics. The dro...

Ukraine has raised more than $17 million in cryptocurrency donations since Russia began its invasion. Over $10 million were donated directly to the crypto wallets posted by the Ukrainian government about 24 hours after the government solicited donations in bitcoin, ether, and tether. Crypto Community Responds to Ukrainian Government’s Plea for Cryptocurrency Donations The Ukrainian government began soliciting cryptocurrency donations Saturday morning. The official Twitter account for Ukraine tweeted : “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT .” The tweet also includes a BTC address and an address for ETH and USDT donations. Mykhailo Fedorov, vice prime minister of Ukraine, also tweeted a similar message. Following the Ukrainian government’s solicitation of crypto donations, blockchain data analytics firm Elliptic said Sunday: The Ukrainian government and NGOs providing support to the military have raised $17.2 mill...

Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continues to expend penalties imposed on Moscow over its military invasion of neighboring Ukraine. Medvedev Warns Persons and Entities From ‘Hostile’ Nations May Lose Their Assets in Russia The nationalization of Russian-based assets belonging to foreigners and businesses registered in “hostile jurisdictions” is a possible response to the potential seizure of funds of Russian citizens and companies abroad. That’s according to a recent statement by the Deputy Chair of the Security Council of Russia Dmitry Medvedev on social media. Following President Putin’s decision to launch a military operation in Ukraine , the United States and European allies introduced a wide range of sanctions on Russia, Russian banks, its political and business elites. On Saturday, Medvedev took to Facebook to comment ...

Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a national digital currency in the future. Private Banks Want to Be Involved in Potential CBDC Members of the Mexican Bank Association have stated their intention of helping the central bank of the country in the design and issuance of a potential central bank digital currency (CBDC). The president of the association, Daniel Becker, met with the governor of the Bank of Mexico, Victoria Rodríguez Ceja, to review some important factors related to making banks more accessible for Mexican citizens. About the meeting, Becker stated: If Banxico determines that the banking opinion can help build better elements or a cryptocurrency, count on us and the best banking opinion so that it is something that p...

After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium. Crypto in Ukraine Sees Premiums The ongoing conflict continues in Ukraine after Russian troops invaded the territory. The United Nations (UN) estimates that roughly 100,000 Ukrainian citizens have fled the country during the last 24 hours. Following the Russian invasion, two days ago, the National Bank of Ukraine (NBU) implemented a daily cash withdrawal cap of 100,000 hryvnias ($3,350). The NBU invoked the mandate on February 24, after Ukrainian president Volodymyr Zelensky imposed martial law. Immediately following the NBU’s limit mandate on cash withdrawals, the cryptocurrency exchange Kuna saw trade volume surge by $3.5 million on Thursday. Trade volume on Kuna jumped from...

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a dirtier process after the Chinese government effectively prohibited bitcoin extraction in the People’s Republic, according to research published in the Joule journal. The share of renewable energy used to power mining operations has fallen from almost 42% to around 25% last August, the study insists. It has been estimated that Bitcoin produces more than 65 megatons of carbon dioxide annually. The amount exceeds the total carbon emissions of a country like Greece, for example, which in 2019 registered less than 57 megatons of CO2. One of the authors, Alex de Vries, told the BBC: We see the ...

Cosmos ( ATOM ) and harmony (ONE) were some of today’s big gainers, as the global crypto market cap was up 1.23% to start the weekend. Terra (LUNA) was also higher, extending its recent gains to a sixth consecutive trading session. Cosmos ( ATOM ) Cosmos (ATOM) is currently trading over 13% higher in today’s session, climbing to its highest level since February 17. Saturday’s rally in ATOM /USD saw prices briefly breakout of the $29.10 resistance level, hitting an intraday high of $29.36 in the process. This surge comes as the 14-day RSI climbed to a five-week high, and is currently tracking at 52.09, following a break above 50.40. Today’s high comes less than 24-hours after ATOM was trading at a low of $25.27, as prices rallied back to support of $26.10. Despite the recent descending triangle on this chart, price momentum has slowly begun to stabilize, with the moving averages trending sideways. Many see this as a sign of a longer-term reversal, with some already targeting t...

Adult film star Lana Rhoades is being criticized for her non-fungible token (NFT) project called “Cryptosis,” after $1.5 million of ethereum from the mint was withdrawn from the project’s wallet. The crypto withdrawal took place after Rhoades told her fans that the NFTs would be a “lucrative investment for holders,” and following the community disapproval, the porn star deleted her official Twitter account. Lana Rhoades Is Being Accused of Rug Pulling Her NFT Project, Porn Star Deletes Twitter Account Lana Rhoades is being condemned by people in the crypto industry for her role in an NFT project called Cryptosis, which features 6,069 NFT cartoon images of the adult film star. Rhoades is accused of withdrawing a large sum of ethereum ( ETH ) from the project, according to a video published by Coffeezilla. The claim is that Rhoades touted her NFT collection as a “lucrative investment,” but after the withdrawal and myriad statements stemming from the project’s Discord channel, belief...

Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange rates. Ethereum Burn Rate Inches Closer to 2 Million Burned, 3.57 Ether Is Burned Every Minute The Ethereum ( ETH ) network has burned approximately 1,915,220 ethereum and the metric is nearing the two million mark. Since the EIP-1559 improvement was added on August 5, 2021, the community has been observing how much ether is being burned on a daily basis. At the time of writing, the 24-hour burn rate is 3.57 ether per minute or around $9,809.16 every 60 seconds. EIP-1559 essentially changes the algorithm tethered to the base fee per gas in the protocol and it burns the base fee per gas. Ethereum advocates have been fans of the idea...

Bitcoin and ethereum were both higher to start the weekend, as markets seem to have discounted recent volatility. BTC momentarily passed the $40,000 level, with ETH moving towards $2,800. Bitcoin As of writing, cryptocurrency markets are up by over 3% on Saturday, with bitcoin trading close to 1% higher to start the weekend. This comes following a low of $38,416.53 yesterday, with BTC /USD hitting an intraday high of $40,005.35 earlier in today’s session. Saturday’s move sees BTC break beyond the key $40,000 level, however the move did not last, as profit takers likely closed their positions due to the current market risk. Looking at the chart, the 14-day RSI currently hovers above its long-term ceiling of 44, and is approaching the 45 level. BTC now trades below its recent resistance point of $39,500, as the momentum of the 10-day moving average continues to tumble. However, should price strength remain above resistance, bulls may be targeting an exit at $41,500. Ethereum...

The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted that Europe should move quickly to prevent Russia from evading sanctions. European Parliament Postpones Crypto Legislation to Address Concerns Over Possible Proof-of-Work Ban The vote on Europe’s new Markets in Crypto Assets ( MiCA ) proposal will not take place in the European Parliament as scheduled, on Feb. 28. Stefan Berger, the rapporteur for the legislative package, took to social media to announce it will be postponed on his request. The move comes after a draft leaked to the press was found to contain provisions prohibiting the offering of services related to cryptocurrencies relying on “environmentally unsustainable consensus mechanisms.” ...

The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number of verified users has risen to 89 million. A Good Year for Coinbase The Nasdaq-listed crypto exchange Coinbase released its fourth-quarter and full-year 2021 earnings report Thursday. “2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for Coinbase. We ended 2021 with strong performance across our key metrics that were within our outlook,” the company wrote, adding: We ended the year with 11.4 million Monthly Transacting Users (MTUs). Coinbase noted that the number of MTUs at the end of 2021 was “over 4x compared to 2020.” In addition, the number of verified users on its platform has grown to 89 million. During the year, Coinbase expanded its...

PRESS RELEASE. Zug, Switzerland, 25 th February 2022: GAIMIN Gladiators is pleased to announce its recently acquired DOTA 2 esports team has won the DOTA2 WEU Regional Finals, beating teams including Team Liquid, Nigma, Tundra and OG. The success of GAIMIN’s esports team generates significant awareness of the GAIMIN brand and directs more potential users towards GAIMIN and the application. These high profile events are promoted worldwide to their followers and achieve significant viewing figures. The Regional Finals achieved peak viewing of 160,000 and a total of 650,000 video views. In winning the event, GAIMIN’s brand has been promoted across all output media and increased the following and global reach of the Gladiator’s DOTA 2 team. The Gladiator’s currently have over 83,000 followers across all platforms, 2 million follower impressions and monthly profile visits of 150,000+. GAIMIN’s business model is designed around gamers downloading the GAIMIN application and enabling GAI...

Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bitcoin, happened last year. Such purchases have also already happened in other countries like Colombia, Mexico, and Venezuela. Remax Announces ‘First’ Real Estate Transaction With Cryptocurrency in Chile The reported first real estate purchase made with cryptocurrency has happened in Chile. The announcement was made last week by Yuval Ben Haym, who is the regional manager of Remax, a real estate operator with activities at a worldwide level. Ben Haym informed that this purchase was completed last year, during November, and that the transaction secured a plot of land in Temuco, a southern city of Chile, for a customer. Ben Haym was optimistic about the use of bitcoin and other cryptocurrencies as payment options in real estate, and announced they are open to ...

The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication of the law is imminent. Central Bank of Argentina Targets Digital Wallets The Central Bank of Argentina has its sights on the use of digital wallets. The directory of the bank is reportedly producing a new set of regulations to better understand what’s happening with the funds in these wallets and improve their KYC measures. Regarding how this will be implemented, it stated: It is not about prohibiting anything, but about applying the same rules that banks must comply with today in relation to knowing their customers. The bank announced it is implementing these new rules because there is a large amount of fraud when it comes to the use of these tools, and some companies lack due dilige...

Following Russia’s invasion of Ukraine, volatility in bitcoin and ethereum prices intensified, with both falling to one-month lows on Thursday. Both have since moved away from these lows so far today, in what looks like temporal consolidation. Bitcoin As of writing, cryptocurrency markets are up by over 7% on Friday, with bitcoin trading 8% higher heading into the weekend. This comes following a low of $34,997.01 yesterday, with BTC /USD hitting an intraday high of $38,968.84 earlier in today’s session. Friday’s move sees BTC momentarily rebound, and edge closer to the key $40,000 level, which it hasn’t hit since the beginning of the week. Looking at the chart, the 14-day RSI has also tailed off slightly, and now looks to be consolidating below the 43.8 resistance. As long as prices remain between the floor of $37,240 and ceiling of $39,640, market uncertainty will likely extend. However, current sentiment seems to be more bearish, as the 10-day moving average continues to tre...

Ankara University has become the first higher education institution in Turkey to organize a course on non-fungible tokens (NFTs). The freshly-launched lecture has been attended by high-ranking government officials, local media reported. Leading University in Turkey Begins Course on NFTs Ankara University has added a course on NFTs to its curriculum, becoming the first Turkish university to teach the crypto-related subject. According to a report by the Hürriyet daily, senior officials from the presidential administration and the culture ministry have been present at the first class on non-fungible tokens. “We are happy to teach about NFTs, but our students are happier than us,” Necdet Ünüvar, the rector of the university, said in an opening speech for the event. The “Introduction to NFT” course is taught by Buğra Ayan. Deputy Minister of Culture and Tourism Özgül Özkan Yavuz and Ali Taha Koç, head of the Turkish Presidency’s Digital Transformation Office, were among the guests at t...

Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer an emergency, therefore the federal government will be ending the use of the Emergencies Act … We are confident that existing laws and bylaws are sufficient,” said the prime minister. Trudeau Ends Emergencies Act Canadian Prime Minister Justin Trudeau announced Wednesday that he is revoking the use of the Emergencies Act which his government invoked last week to deal with the Freedom Convoy trucker protest. While acknowledging that the “threat continues,” Prime Minister Trudeau said in a press conference: The situation is no longer an emergency, therefore the federal government will be ending the use of the Emergencies Act … We are confident that existing laws and bylaws are sufficient. “We were very ...

During the course of the early morning trading sessions on Thursday (EST), 24-hour statistics show the crypto economy dropped more than 11% in value against the U.S. dollar. While the leading crypto asset bitcoin shed close to 10%, a myriad of alternative digital assets lost close to 20% in value. The crypto market downturn is being blamed on Russia invading Ukraine’s borders as Russian president Vladimir Putin’s troops entered the country before dawn on February 24. The digital currency community has been discussing the situation and many crypto advocates have different opinions about the current geopolitical risk and its future effects on the crypto economy. Russian Troops Invade Ukraine, Crypto-Economy Loses 11% Overnight, Bitcoin Advocates Discuss Geopolitical Risk Following the report Bitcoin.com News published on Wednesday evening (EST), media reports disclosed that Russian troops have invaded Ukraine and acts of war have been committed. While the scope of the attack is unce...