Turmoil in Ukraine Shows Bitcoin's Potential as a Global Currency
Residents of Donetsk panic as they try to withdraw cash from local ATMs. Photo via Новости Донбасса. The current political and economic environment in Ukraine has led to credit downgrades for local banks, a currency devaluation, capital controls, and ATMs running out of cash. Before this article continues there is one thing that needs to be mentioned: Bitcoin users not affected. While Bitcoin obviously couldn't help when it comes to preventing the violence currently taking place on the streets of Kiev, it at least helps people who want to protect their wealth in times of political....
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Ukraine has an advantage in terms of crypto adoption over Russia, research shows, as the latter launches an invasion of Ukraine. Chainalysis, a market research firm, rated Ukraine fourth globally in its 2021 Global Crypto Adoption Index (GCAI), which tracks the amount and value of cryptocurrency exchanged in a country. While Russian President Vladimir Putin […]
A week unlike any other in Bitcoin's history is suddenly here as hodlers brace for guaranteed turmoil. Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face?In what has become an unrecognizable macro-environment compared to even days ago, Bitcoin, like many other assets, is feeling the pressure.Russia’s invasion of and subsequent war against Ukraine is wreaking havoc on global markets, and developments can upend sentiment within hours or just minutes.The timing has hit Bitcoin, too — its “safe haven” quality is seeing a....
The forces of decentralized technology are at work in the country experiencing so much turmoil.
This guide can be helpful for you when visiting the beautiful country of Ukraine. While doing so, you’ll need trusted bitcoin exchanges, where you can convert digital money to local currency. This article shows you my personal TOP 3 exchanges list. And also: did you already searched DuckDuckGo for a list of interesting places? Don’t worry — you will be....
Ukraine is raising funds using NFTs, showcasing the decentralized, trustless nature of blockchain technology at its best. The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy.Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern....