Bitcoin Importance Grows In Ukraine Amidst Conflict
Data shows the Bitcoin trading volume in Ukraine has observed a sharp increase amidst the war with Russia as the importance of the crypto grows in the country. Bitcoin Trading Volume In Ukraine Continues To Grow According to the latest weekly report from Arcane Research, the BTCUAH volume on the crypto exchange Binance has shot […]
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As the conflict between Ukraine and Russia propels social media reports and donations made in bitcoin, it underscores our decentralizing world.
Cryptocurrencies are being used to provide military and humanitarian aid in the Russia-Ukraine conflict. The Russia-Ukraine conflict has tested the capabilities of crypto in a real-world conflict where sanctions and inventive blockchain crowdfunding models abound.The war, which is drawing into its ninth month, has uncovered a raft of blockchain benefits, such as the capacity to support humanitarian endeavors. It has also revealed how much control national authorities can exert over crypto networks.Vadym Synegin, co-founder at IT and crypto solutions provider Tecor, told Cointelegraph that....
With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the ethereum mining operation Flexpool announced it has halted services to Russia entirely. “We apologize to our Russian miners; many of you do not support the war — However, it is you who are supporting your nation,” Flexpool told its customers. Russia Faces a Wave of Economic Sanctions, SWIFT Still Accessible All eyes are....
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin City announced last year by President Nayib Bukele.
Treasury Minister of El Salvador Says Conflict Is Affecting Bitcoin Price Action
Military conflict and geopolitical unrest might be affecting the performance of the price of....
President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry.
President Zelensky Highlights Importance of Ukraine’s Virtual Assets Market
Speaking to venture capital funds and Silicon Valley accelerators, Volodymyr Zelensky praised the opportunity to discuss the prospects for the development of the IT sector and innovations in Ukraine. In his opening remarks at the event,....