The week began after the weekend sale in the crypto market took place, despite a number of optimistic forecasts in recent times, Bitcoin, crypto and stocks fluctuated as sanctions were prepared against Russia’s aggression towards Ukraine.
And then it happened. Russia has invaded Ukraine, and although sanctions have been imposed, the EU is unlikely to push for Russia to be removed from UKRAINE. When the war began, Ukraine surpassed Russia in the crypto adoption index, while regional interest in Bitcoin registered an upward trend. And when the markets fell and questions about the policy of the EU and US central banks multiplied, the cryptoverse condemned Russia’s aggression. The EU then claimed that it had created a "sanctions package" that would be "massive and painful" for Russia, while Ukrainians paid a premium on USDT, as the trading volume on local crypto exchanges quickly escalated, BTC began to recover losses, and analysts discussed fundamentals of Bitcoin.
Meanwhile, Maple Finance has given its first USD100m syndicated loan to Alameda Research, Block and Coinbase have released positive Q4 results, Opera has been integrated with DeversiFi to improve P2P Ethereum transactions, FC Barcelona rejected a USD sponsorship deal from an unnamed crypto firm over ‘ethical’ concerns, and a DAO has been set up with the aim of pooling some USD4bn and buying the Denver Broncos. Another suspect in the ETH 3.6M Ethereum DAO hack has surfaced, Facebook got into a legal dispute with billionaire Andrew "Twiggy" Forrest over crypto scam ads, OpenSea was the victim of a phishing attack and narrowed the list of people affected, and a Texas man sued OpenSea for a stolen NFT and claimed over USD1m in damages.
Caribbean CBDC has been offline for more than a month as the technical problems continued. The Russian Ministry of Finance has officially submitted its draft law on crypto regulation to the government, and the Argentine government wants to reform the existing crypto tax laws and ensure further compliance, while a group of South Korean crypto exchanges may be granted permission to resume crypto-to-fiat trading after a breakthrough banking business. In addition, a group of EU member states led by Germany wants to have a new EU watchdog to regulate crypto companies, several Chinese provinces have increased the rate at which crypto miners have to pay for electricity, although mining is prohibited, the Indian advertising watchdog published new guidelines for advertising virtual digital assets and related services, and the Canadian Financial Supervisory Authority reported Jesse Powell of Kraken and Brian Armstrong of Coinbase to the Royal Canadian Mounted Police, while Armstrong revealed behind the scenes of Coinbase’s popular Super Bowl ad.
Here are some jokes that we hope will brighten up your day. Slava Ukraini!
- Buy Bitcoin. Vladimir, what do you say?
Kremlin, we have a problem. Hey, CT. Are you all right?
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Any advice for your crypto holders/traders out there?
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You didn’t see him coming, did you?
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I’m sure this thing will go a long way.
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Holly Satoshi!
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Self-sufficient?
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Look at all the doges.
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How do you mean ‘don’t* interfere’?
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Here is an expert comment.
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And you were so happy with yourself!
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A little bit?
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What happened at this conference?
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Oh.
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Oops.
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Heey, good for you! That’s luck in the crypto universe, like four-leaf clover elsewhere.
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Here is an analysis of the behavior of NFT traders in the wild.
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And a documentation about BTC adoption.