Bonfida integrate its Solana Name Service (SNS) into FTX crypto exchange
Bonfida, has announced that their Solana Name Service, or SNS, will be incorporated into cryptocurrency exchange FTX in an effort to increase the exchange’s digital footprint and adoption rate. In addition to the SNS, Bonfida is known in the industry for launching the first decentralized exchange, or DEX, on Serum in September 2020, as well […]
Animoca Brands stops its service to Russian users
The Russia invasion of Ukraine is taking a toll on both the economy and Russian citizens, most recently, blockchain gaming giant Animoca Brands in a press release stated it will halt servicing and selling shares to people in Russia. As a result of Russia’s invasion of Ukraine, Animoca Brands, one of the largest blockchain gaming […]
Just in: A cryptocurrency exchange removes fee charges for Ukrainian customers.
As crypto market participants have expressed support for Ukraine, more goodwill continues to flood in. LocalBitcoins, a renowned global peer-to-peer Bitcoin marketplace, has shown its support for Ukraine during this difficult time. LocalBitcoins, a cryptocurrency exchange, is a supporter of Ukraine. LocalBitcoins is waiving trading costs for Ukrainians using the exchange, both inside and outside the nation, until further notice as a gesture of support. LocalBitcoins’ Chief Marketing Officer, Jukka Blomberg, stated in a press release: LocalBitcoins’ core value is freedom. We understand that at the moment Ukraine is facing extremely challenging times. For this reason, LocalBitcoins has removed all fees from its Ukrainian users. The exchange said on Twitter that the move implies that all registered Ukrainians now have access to a free Bitcoin wallet. Ukraine will also be able to convert contributed Bitcoins into Hryvnia, their local currency. In the roughly seven days that the war has lasted, cryptocurrency transactions have witnessed a significant increase in both Ukraine and Russia. According to Coin Metrics , crypto exchanges in Ukraine, including Binance, LocalBitcoins, and Kuna, have experienced substantial growth. According to the article, Hryvnia trading pairings with Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) have reached some of their greatest levels ever. Meanwhile, the crypto community continues to mobilize massively in favor of Ukraine. According to SlowMist’s dashboard monitoring the various crypto wallets, crypto donations to the Ukrainian government, as well as other entities and NGOs supporting the country, have topped $50.9 million. Ukraine’s government has also been increasing the number of cryptocurrencies it accepts as donations. It has introduced an official Dogecoin (DOGE) wallet today, after adding a Polkadot (DOT) wallet yesterday. Ukraine has also declared that it will do a cryptocurrency airdrop. The price of bitcoin continues to rise. Bitcoin’s price has been steadily rising in recent days, reaching an intraday high of $44,634 today. Bitcoin, however, is currently trading at roughly $43,700, down 1.8 percent in the last 24 hours. As governments try to isolate Russia’s economy, the market has defied predictions that sanctions may be imposed on cryptocurrency. Analysts, on the other hand, have downplayed the concerns, claiming that crypto, particularly Bitcoin, which is a public ledger, would not be viable for Russia to utilize to escape sanctions.
The European Union set to cut off 7 Russian banks from SWIFT
The European Union stated today that seven Russian banks will be removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), messaging system within 10 days. This move will affect both the ordinary citizen and the Russian economy at large. VTB, Russia’s second-largest bank, Bank Otrkitie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, and VEB are among […]
Dogecoin adds to the list of cryptocurrencies accepted for donations by the Ukrainian government
The Ukrainian government has added Dogecoin to its list of accepted cryptocurrencies for donations today following BTC, ETH, DOT, and VET amongst others. According to Vice Prime Minister Mykhailo Fedorov, Ukraine is officially taking Dogecoin donations. Fedorov tweeted, “Now even meme can support our army and rescue lives from Russian invaders .” This is the […]