Tag Archives: Ukraine

The fifth-largest Ethereum mining pool – Flexpool – announced it will no longer provide services to customers in Russia. By doing so, the entity opposed Putin’s military operation and showed solidarity with Ukraine. The mining company became the first in its field to halt its endeavors on Russian soil. This comes a day after the largest country by landmass sent military troops in Ukraine and endangered the peace in Eastern Europe. Flexpool stated that it usually stands away...

The past week was riddled with volatility, largely induced by the geopolitical turmoil. Russia declared a military operation against Ukraine and invaded the country’s borders on Thursday – February 24th. In a move that shocked many and was expected by some, the two countries are actively engaged in the first war in Europe for quite some time. Needless to say, this shook financial markets. On Thursday, global stocks traded in the red, and this caused further mayhem in the...

Why is bitcoin experiencing such a dip as of late? The tensions between Russia, Ukraine, and the United States may have something to do with it. Russia and Ukraine Are Having Adverse Effects on BTC Over the last few weeks, we have continuously seen news reports saying that Russia is potentially on the verge of invading and attacking Ukraine. If this were to happen, the United States has mentioned that it would impose sanctions on Russia and find necessary ways to...

Putin’s “special military operation” caused major financial uncertainty in Ukraine. To bring more clarity to the situation, the National Bank of Ukraine informed that local monetary institutions will suspend the issuance and distribution of electronic money. Ukraine’s Central Bank Introduces Its Policies It is safe to say that Russia’s military operation in Ukraine is the top news today (February 24). As Russian troops are heading towards the biggest cities of their neighbor,...

The past couple of months have been challenging in the cryptocurrency market as many coins, including Bitcoin, lost substantial chunks of their dollar value. While the primary cryptocurrency is down about 50% since its November all-time high, many altcoins are crashing harder. This became even more pronounced in the context of the tensions between Ukraine and Russia, which ultimately resulted in a war between both countries. Altcoins Crash, BTC Dominance on the Rise Bitcoin’s...

Ukraine is utilizing bitcoin in crowdfunding campaigns to fight against the ongoing threat from Russia. Ukraine Is Using BTC to Prepare for War Ukraine is allegedly being stalked by its neighbor to the east. Russia currently has more than 100,000 troops amassed at the Ukrainian border. Needing funds to boost its military resources and keep up its strength in the face of adversity, Ukraine has turned to the world’s number one digital currency by market cap. Thus far,...

A recent report from blockchain analytics company Elliptic revealed that Ukrainian volunteer groups and non-government organizations (NGOs) received more than $570,000 in Bitcoin donations throughout 2021. 900% Increase From 2020 Interestingly, the total Bitcoin donations made to Ukrainian NGOs in 2021 represent a 900% increase from the previous year. These volunteer groups emerged in 2014 to support protesters during the Maidan Revolution, which led to the removal of the...

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate. Ukraine Says “Yes” to Crypto The Parliament of Ukraine voted unanimously to not only permit bitcoin...

When Lambo? Ab 15. September: Kuba will digitale Währungen wie Bitcoin erlauben und fördern. Mit einem neuen Gesetzesentwurf der Ukraine wurde die bisher bestehende Unklarheit über die Legalität virtueller Vermögenswerte in diesem Land aufgelöst. Der ukrainische Gesetzgeber definierte Richtlinien für alle Teilnehmer des Krypto-Markts sowie rechtliche Verpflichtungen, die diesen durch den Umsatz von digitalen Vermögenswerten entstehen...

The Security Service of Ukraine (SBU) halted several illicit digital asset exchanges in the capital Kyiv that charged between 5-10% for transaction fees. Interestingly, some of the clients of these venues were organizers of mass protests who reportedly used the network to fund provocation acts on the Independence Day of Ukraine. The Clients of The Platforms – a Variety of Criminals The SBU revealed that it had shut down clandestine cryptocurrency trading venues in Kyiv. Their...