Russian Ruble drops further against Bitcoin as oil sanctions loom
Russia’s currency fell 26% to a new low against Bitcoin as on monday, extending losses after the US announced that penalties on Moscow’s oil exports were being considered. In the last month, the ruble has lost approximately 60% of its value against Bitcoin, making one Bitcoin worth over 5 million rubles. Russia economy pressured due […]
How Ukraine Raised Over $55 Million in Cryptocurrency to Fight Russia
Donations to Ukraine’s government in bitcoin and ether could transform the way nonprofits raise funds. Keep reading to find out how Ukraine Raised Over $55 Million in Cryptocurrency to Fight Russia. Vitaliy Raskalov was 6,700 kilometers from home when Russia launched an invasion of Ukraine on February 24. On Sunday evening, the Kyiv-born photojournalist chatted […]
Investment Expert Mark Mobius Reveals Why Bitcoin Price Rallies Amid Ukraine Crisis
Mark Mobius explains that Bitcoin price is rallying on the heels of the massive purchase of Bitcoin by Russians. The latest spike in bitcoin price, according to veteran investor Mark Mobius, can be linked to Russians purchasing into the cryptocurrency. Bitcoin price surged by 10% on Monday as more sanctions are imposed on Russia. “I […]
The US Treasury Department has added digital currencies to its list of sanctions on Russia’s government
Crypto transactions were likened to “deceptive or contrived transactions or deals” in an attempt to dodge US sanctions, according to Treasury Department rules. The Treasury Department and, according to reports, the White House have issued a warning to US-based businesses and people not to support crypto transactions addressed to specified Russian nationals and banks. U.S. […]
As local NFT artists paintings sell out, the cryptocurrency community rallies around Ukraine
Crypto and NFT artists from all around the world are banding together to help the people of Ukraine get through these trying times. Crypto aficionados from all around the world appear to be uniting in support of Ukraine as it fights off a full-scale Russian invasion. Bitcoin (BTC) donations to Come Back Alive, a non-governmental […]