El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoi...
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....
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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.
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....
El Salvador’s finance minister, Alejandro Zelaya, stated on Friday that the Central American country is looking for the ideal time to introduce a bitcoin-backed bond, which might happen between March 15 and 20, depending on the outcome of the Ukraine conflict. El Salvador Bitcoin Bond To Fund Bitcoin City President Nayib Bukele plans to issue […]
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....
The US would hold responsible anyone who assists Russia in circumventing financial sanctions in the aftermath of the Kremlin’s act of terrorism on Ukraine, US Deputy Treasury Secretary Wally Adeyemo said Tuesday. Russia has been punished with severe financial and economic sanctions by the US and its allies as a result of its invasion on Ukraine. […]