\n

Altcoin Sherpa,\u00a0an advisor to Atlas DEX tweeted<\/a>\u00a0that \"in these situations and it's not all about the market.\"<\/p>\n\n\n\n

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\n
\nhttps:\/\/twitter.com\/VitalikButerin\/status\/1496695424387801090?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1496695424387801090%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbitcoin-plunges-as-putin-announces-special-military-operation-in-ukraine\n<\/div><\/figure>\n\n\n\n

Altcoin Sherpa,\u00a0an advisor to Atlas DEX tweeted<\/a>\u00a0that \"in these situations and it's not all about the market.\"<\/p>\n\n\n\n

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

What Is SWIFT?<\/h2>\n\n\n\n

The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

\u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

<\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

\"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

\"\"
Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

The Communities Reactions<\/h2>\n\n\n\n

Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

\u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

\u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

1 34 35 36 37 38 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  1. Build A Platform<\/li>
  2. Fostering Professionals<\/li>
  3. Fostering Specialised Companies<\/li>
  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

    China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

    The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

    Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

    Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

    The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

    Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

    The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

    What Is SWIFT?<\/h2>\n\n\n\n

    The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

    Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

    Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

    According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

    \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

    Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

    Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

    There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

    Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

    <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

    Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

    Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

    Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

    The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

    \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

    Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

    Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

    \"\"
    Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

    Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

    Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

    Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

    Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

    Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

    After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

    The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

    The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

    \"\"
    Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

    The Communities Reactions<\/h2>\n\n\n\n

    Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

    \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

    \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

    1 34 35 36 37 38 41

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n

    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

    1. Build A Platform<\/li>
    2. Fostering Professionals<\/li>
    3. Fostering Specialised Companies<\/li>
    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

      China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

      The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

      Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

      Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

      The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

      Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

      The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

      What Is SWIFT?<\/h2>\n\n\n\n

      The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

      Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

      Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

      According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

      \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

      Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

      Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

      There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

      Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

      <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

      Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

      Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

      Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

      The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

      \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

      Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

      Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

      \"\"
      Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

      Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

      Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

      Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

      Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

      Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

      After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

      The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

      The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

      \"\"
      Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

      The Communities Reactions<\/h2>\n\n\n\n

      Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

      \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

      \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

      1 34 35 36 37 38 41

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      ADVERTISEMENT
      \n

      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

      1. Build A Platform<\/li>
      2. Fostering Professionals<\/li>
      3. Fostering Specialised Companies<\/li>
      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

        China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

        The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

        Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

        Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

        The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

        Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

        The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

        What Is SWIFT?<\/h2>\n\n\n\n

        The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

        Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

        Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

        According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

        \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

        Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

        Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

        There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

        Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

        <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

        Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

        Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

        Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

        The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

        \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

        Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

        Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

        \"\"
        Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

        Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

        Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

        Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

        Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

        After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

        Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

        After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

        The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

        The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

        \"\"
        Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

        The Communities Reactions<\/h2>\n\n\n\n

        Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

        \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

        \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

        1 34 35 36 37 38 41

        Most Read

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        By subscribing, you agree with our privacy and terms.

        Follow The Distributed

        ADVERTISEMENT
        \n

        The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

        1. Build A Platform<\/li>
        2. Fostering Professionals<\/li>
        3. Fostering Specialised Companies<\/li>
        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

          China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

          The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

          Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

          Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

          The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

          Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

          The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

          What Is SWIFT?<\/h2>\n\n\n\n

          The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

          Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

          Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

          According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

          \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

          Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

          Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

          There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

          Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

          <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

          Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

          Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

          Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

          The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

          \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

          Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

          Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

          \"\"
          Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

          Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

          Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

          Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

          Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

          \"\"<\/figure>\n\n\n\n

          After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

          Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

          After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

          The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

          The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

          \"\"
          Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

          The Communities Reactions<\/h2>\n\n\n\n

          Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

          \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

          \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

          1 34 35 36 37 38 41

          Most Read

          Subscribe To Our Newsletter

          By subscribing, you agree with our privacy and terms.

          Follow The Distributed

          ADVERTISEMENT
          \n

          The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

          The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

          1. Build A Platform<\/li>
          2. Fostering Professionals<\/li>
          3. Fostering Specialised Companies<\/li>
          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

            China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

            The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

            Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

            Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

            The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

            Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

            The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

            What Is SWIFT?<\/h2>\n\n\n\n

            The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

            Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

            Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

            According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

            \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

            Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

            Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

            There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

            Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

            <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

            Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

            Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

            Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

            The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

            \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

            Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

            Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

            \"\"
            Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

            Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

            Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

            Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

            Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

            \"\"<\/figure>\n\n\n\n

            After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

            Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

            After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

            The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

            The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

            \"\"
            Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

            The Communities Reactions<\/h2>\n\n\n\n

            Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

            \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

            \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

            1 34 35 36 37 38 41

            Most Read

            Subscribe To Our Newsletter

            By subscribing, you agree with our privacy and terms.

            Follow The Distributed

            ADVERTISEMENT
            \n

            The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

            The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

            The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

            1. Build A Platform<\/li>
            2. Fostering Professionals<\/li>
            3. Fostering Specialised Companies<\/li>
            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

              China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

              The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

              Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

              Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

              The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

              Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

              The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

              What Is SWIFT?<\/h2>\n\n\n\n

              The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

              Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

              Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

              According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

              \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

              Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

              Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

              There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

              Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

              <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

              Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

              Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

              Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

              The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

              \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

              Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

              Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

              \"\"
              Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

              Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

              Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

              Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

              Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

              \"\"<\/figure>\n\n\n\n

              After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

              Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

              After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

              The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

              The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

              \"\"
              Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

              The Communities Reactions<\/h2>\n\n\n\n

              Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

              \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

              \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

              1 34 35 36 37 38 41

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              ADVERTISEMENT
              \n

              Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

              The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

              The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

              The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                What Is SWIFT?<\/h2>\n\n\n\n

                The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                \"\"
                Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                \"\"<\/figure>\n\n\n\n

                After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                \"\"
                Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                The Communities Reactions<\/h2>\n\n\n\n

                Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                1 34 35 36 37 38 41

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                ADVERTISEMENT
                \n

                The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                1. Build A Platform<\/li>
                2. Fostering Professionals<\/li>
                3. Fostering Specialised Companies<\/li>
                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                  China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                  The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                  Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                  Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                  The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                  Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                  The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                  What Is SWIFT?<\/h2>\n\n\n\n

                  The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                  Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                  Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                  According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                  \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                  Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                  Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                  There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                  Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                  <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                  Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                  Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                  Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                  The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                  \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                  Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                  Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                  \"\"
                  Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                  Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                  Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                  Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                  Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                  \"\"<\/figure>\n\n\n\n

                  After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                  Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                  After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                  The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                  The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                  \"\"
                  Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                  The Communities Reactions<\/h2>\n\n\n\n

                  Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                  \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                  \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                  1 34 35 36 37 38 41

                  Most Read

                  Subscribe To Our Newsletter

                  By subscribing, you agree with our privacy and terms.

                  Follow The Distributed

                  ADVERTISEMENT
                  \n

                  The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                  The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                  Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                  The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                  The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                  The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                  South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                  The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                  1. Build A Platform<\/li>
                  2. Fostering Professionals<\/li>
                  3. Fostering Specialised Companies<\/li>
                  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                    China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                    The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                    Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                    Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                    The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                    Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                    The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                    What Is SWIFT?<\/h2>\n\n\n\n

                    The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                    Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                    Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                    According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                    \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                    Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                    Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                    There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                    Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                    <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                    Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                    Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                    Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                    The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                    \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                    Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                    Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                    \"\"
                    Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                    Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                    Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                    Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                    Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                    \"\"<\/figure>\n\n\n\n

                    After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                    Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                    After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                    The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                    The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                    \"\"
                    Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                    The Communities Reactions<\/h2>\n\n\n\n

                    Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                    \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                    \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                    1 34 35 36 37 38 41

                    Most Read

                    Subscribe To Our Newsletter

                    By subscribing, you agree with our privacy and terms.

                    Follow The Distributed

                    ADVERTISEMENT
                    \n

                    A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                    The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                    The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                    Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                    The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                    The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                    The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                    South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                    1. Build A Platform<\/li>
                    2. Fostering Professionals<\/li>
                    3. Fostering Specialised Companies<\/li>
                    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                      China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                      The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                      Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                      Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                      The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                      Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                      The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                      What Is SWIFT?<\/h2>\n\n\n\n

                      The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                      Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                      Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                      According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                      \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                      Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                      Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                      There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                      Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                      <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                      Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                      Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                      Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                      The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                      \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                      Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                      Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                      \"\"
                      Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                      Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                      Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                      Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                      Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                      \"\"<\/figure>\n\n\n\n

                      After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                      Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                      After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                      The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                      The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                      \"\"
                      Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                      The Communities Reactions<\/h2>\n\n\n\n

                      Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                      \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                      \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                      1 34 35 36 37 38 41

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                      By subscribing, you agree with our privacy and terms.

                      Follow The Distributed

                      ADVERTISEMENT
                      \n

                      Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                      A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                      The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                      The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                      Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                      The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                      The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                      The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                      1. Build A Platform<\/li>
                      2. Fostering Professionals<\/li>
                      3. Fostering Specialised Companies<\/li>
                      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                        China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                        The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                        Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                        Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                        The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                        Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                        The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                        What Is SWIFT?<\/h2>\n\n\n\n

                        The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                        Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                        Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                        According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                        \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                        Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                        Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                        There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                        Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                        <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                        Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                        Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                        Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                        The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                        \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                        Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                        Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                        \"\"
                        Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                        Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                        Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                        Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                        Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                        \"\"<\/figure>\n\n\n\n

                        After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                        Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                        After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                        The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                        The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                        \"\"
                        Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                        The Communities Reactions<\/h2>\n\n\n\n

                        Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                        \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                        \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                        1 34 35 36 37 38 41

                        Most Read

                        Subscribe To Our Newsletter

                        By subscribing, you agree with our privacy and terms.

                        Follow The Distributed

                        ADVERTISEMENT
                        \n

                        Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                        Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                        A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                        The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                        The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                        Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                        The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                        The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                        The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                        1. Build A Platform<\/li>
                        2. Fostering Professionals<\/li>
                        3. Fostering Specialised Companies<\/li>
                        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                          China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                          The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                          Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                          Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                          The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                          Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                          The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                          What Is SWIFT?<\/h2>\n\n\n\n

                          The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                          Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                          Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                          According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                          \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                          Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                          Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                          There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                          Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                          <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                          Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                          Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                          Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                          The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                          \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                          Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                          Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                          \"\"
                          Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                          Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                          Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                          Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                          Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                          \"\"<\/figure>\n\n\n\n

                          After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                          Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                          After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                          The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                          The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                          \"\"
                          Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                          The Communities Reactions<\/h2>\n\n\n\n

                          Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                          \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                          \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                          1 34 35 36 37 38 41

                          Most Read

                          Subscribe To Our Newsletter

                          By subscribing, you agree with our privacy and terms.

                          Follow The Distributed

                          ADVERTISEMENT
                          \n

                          Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                          Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                          Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                          A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                          The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                          The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                          Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                          The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                          The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                          The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                          1. Build A Platform<\/li>
                          2. Fostering Professionals<\/li>
                          3. Fostering Specialised Companies<\/li>
                          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                            China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                            The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                            Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                            Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                            The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                            Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                            The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                            What Is SWIFT?<\/h2>\n\n\n\n

                            The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                            Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                            Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                            According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                            \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                            Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                            Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                            There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                            Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                            <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                            Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                            Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                            Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                            The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                            \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                            Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                            Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                            \"\"
                            Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                            Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                            Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                            Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                            Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                            \"\"<\/figure>\n\n\n\n

                            After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                            Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                            After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                            The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                            The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                            \"\"
                            Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                            The Communities Reactions<\/h2>\n\n\n\n

                            Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                            \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                            \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                            1 34 35 36 37 38 41

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                            \n

                            Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                            Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                            Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                            Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                            A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                            The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                            The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                            Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                            The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                            The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                            The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                            1. Build A Platform<\/li>
                            2. Fostering Professionals<\/li>
                            3. Fostering Specialised Companies<\/li>
                            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                              China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                              The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                              Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                              Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                              The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                              Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                              The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                              What Is SWIFT?<\/h2>\n\n\n\n

                              The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                              Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                              Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                              According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                              \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                              Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                              Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                              There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                              Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                              <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                              Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                              Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                              Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                              The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                              \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                              Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                              Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                              \"\"
                              Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                              Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                              Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                              Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                              Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                              \"\"<\/figure>\n\n\n\n

                              After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                              Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                              After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                              The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                              The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                              \"\"
                              Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                              The Communities Reactions<\/h2>\n\n\n\n

                              Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                              \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                              \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                              1 34 35 36 37 38 41

                              Most Read

                              Subscribe To Our Newsletter

                              By subscribing, you agree with our privacy and terms.

                              Follow The Distributed

                              ADVERTISEMENT
                              \n

                              A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                              Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                              Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                              Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                              Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                              A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                              The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                              The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                              Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                              The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                              The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                              The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                              1. Build A Platform<\/li>
                              2. Fostering Professionals<\/li>
                              3. Fostering Specialised Companies<\/li>
                              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                What Is SWIFT?<\/h2>\n\n\n\n

                                The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                \"\"
                                Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                \"\"<\/figure>\n\n\n\n

                                After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                \"\"
                                Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                The Communities Reactions<\/h2>\n\n\n\n

                                Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                1 34 35 36 37 38 41

                                Most Read

                                Subscribe To Our Newsletter

                                By subscribing, you agree with our privacy and terms.

                                Follow The Distributed

                                ADVERTISEMENT
                                \n

                                What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                1. Build A Platform<\/li>
                                2. Fostering Professionals<\/li>
                                3. Fostering Specialised Companies<\/li>
                                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                  China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                  The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                  Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                  Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                  The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                  Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                  The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                  What Is SWIFT?<\/h2>\n\n\n\n

                                  The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                  Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                  Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                  According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                  \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                  Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                  Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                  There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                  Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                  <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                  Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                  Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                  Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                  The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                  \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                  Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                  Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                  \"\"
                                  Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                  Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                  Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                  Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                  Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                  \"\"<\/figure>\n\n\n\n

                                  After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                  Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                  After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                  The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                  The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                  \"\"
                                  Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                  The Communities Reactions<\/h2>\n\n\n\n

                                  Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                  \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                  \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                  1 34 35 36 37 38 41

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                                  By subscribing, you agree with our privacy and terms.

                                  Follow The Distributed

                                  ADVERTISEMENT
                                  \n

                                  SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                  What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                  A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                  Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                  Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                  Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                  Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                  A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                  The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                  The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                  Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                  The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                  The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                  The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                  South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                  The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                  1. Build A Platform<\/li>
                                  2. Fostering Professionals<\/li>
                                  3. Fostering Specialised Companies<\/li>
                                  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                    China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                    The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                    Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                    Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                    The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                    Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                    The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                    What Is SWIFT?<\/h2>\n\n\n\n

                                    The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                    Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                    Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                    According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                    \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                    Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                    Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                    There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                    Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                    <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                    Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                    Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                    Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                    The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                    \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                    Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                    Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                    \"\"
                                    Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                    Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                    Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                    Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                    Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                    \"\"<\/figure>\n\n\n\n

                                    After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                    Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                    After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                    The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                    The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                    \"\"
                                    Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                    The Communities Reactions<\/h2>\n\n\n\n

                                    Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                    \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                    \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                    1 34 35 36 37 38 41

                                    Most Read

                                    Subscribe To Our Newsletter

                                    By subscribing, you agree with our privacy and terms.

                                    Follow The Distributed

                                    ADVERTISEMENT
                                    \n

                                    Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                    SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                    What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                    A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                    Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                    Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                    Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                    Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                    A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                    The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                    The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                    Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                    The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                    The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                    The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                    South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                    1. Build A Platform<\/li>
                                    2. Fostering Professionals<\/li>
                                    3. Fostering Specialised Companies<\/li>
                                    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                      China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                      The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                      Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                      Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                      The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                      Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                      The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                      What Is SWIFT?<\/h2>\n\n\n\n

                                      The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                      Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                      Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                      According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                      \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                      Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                      Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                      There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                      Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                      <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                      Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                      Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                      Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                      The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                      \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                      Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                      Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                      \"\"
                                      Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                      Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                      Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                      Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                      Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                      \"\"<\/figure>\n\n\n\n

                                      After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                      Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                      After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                      The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                      The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                      \"\"
                                      Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                      The Communities Reactions<\/h2>\n\n\n\n

                                      Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                      \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                      \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                      1 34 35 36 37 38 41

                                      Most Read

                                      Subscribe To Our Newsletter

                                      By subscribing, you agree with our privacy and terms.

                                      Follow The Distributed

                                      ADVERTISEMENT
                                      \n

                                      Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                      Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                      SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                      What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                      A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                      Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                      Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                      Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                      Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                      A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                      The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                      The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                      Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                      The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                      The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                      The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                      1. Build A Platform<\/li>
                                      2. Fostering Professionals<\/li>
                                      3. Fostering Specialised Companies<\/li>
                                      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                        China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                        The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                        Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                        Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                        The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                        Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                        The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                        What Is SWIFT?<\/h2>\n\n\n\n

                                        The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                        Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                        Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                        According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                        \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                        Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                        Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                        There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                        Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                        <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                        Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                        Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                        Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                        The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                        \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                        Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                        Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                        \"\"
                                        Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                        Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                        Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                        Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                        Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                        \"\"<\/figure>\n\n\n\n

                                        After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                        Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                        After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                        The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                        The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                        \"\"
                                        Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                        The Communities Reactions<\/h2>\n\n\n\n

                                        Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                        \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                        \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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                                        \n

                                        Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                        Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                        Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                        SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                        What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                        A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                        Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                        Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                        Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                        Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                        A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                        The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                        The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                        Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                        The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                        The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                        The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                        1. Build A Platform<\/li>
                                        2. Fostering Professionals<\/li>
                                        3. Fostering Specialised Companies<\/li>
                                        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                          China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                          The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                          Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                          Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                          The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                          Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                          The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                          What Is SWIFT?<\/h2>\n\n\n\n

                                          The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                          Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                          Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                          According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                          \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                          Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                          Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                          There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                          Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                          <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                          Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                          Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                          Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                          The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                          \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                          Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                          Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                          \"\"
                                          Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                          Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                          Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                          Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                          Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                          \"\"<\/figure>\n\n\n\n

                                          After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                          Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                          After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                          The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                          The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                          \"\"
                                          Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                          The Communities Reactions<\/h2>\n\n\n\n

                                          Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                          \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                          \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                          1 34 35 36 37 38 41

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                                          \n

                                          The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                          Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                          Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                          Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                          SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                          What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                          A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                          Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                          Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                          Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                          Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                          A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                          The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                          The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                          Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                          The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                          The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                          The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                          1. Build A Platform<\/li>
                                          2. Fostering Professionals<\/li>
                                          3. Fostering Specialised Companies<\/li>
                                          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                            China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                            The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                            Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                            Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                            The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                            Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                            The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                            What Is SWIFT?<\/h2>\n\n\n\n

                                            The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                            Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                            Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                            According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                            \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                            Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                            Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                            There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                            Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                            <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                            Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                            Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                            Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                            The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                            \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                            Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                            Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                            \"\"
                                            Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                            Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                            Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                            Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                            Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                            \"\"<\/figure>\n\n\n\n

                                            After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                            Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                            After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                            The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                            The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                            \"\"
                                            Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                            The Communities Reactions<\/h2>\n\n\n\n

                                            Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                            \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                            \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                            1 34 35 36 37 38 41

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                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n

                                            A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                            The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                            Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                            Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                            Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                            SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                            What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                            A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                            Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                            Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                            Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                            Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                            A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                            The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                            The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                            Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                            The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                            The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                            The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                            1. Build A Platform<\/li>
                                            2. Fostering Professionals<\/li>
                                            3. Fostering Specialised Companies<\/li>
                                            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                              China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                              The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                              Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                              Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                              The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                              Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                              The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                              What Is SWIFT?<\/h2>\n\n\n\n

                                              The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                              Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                              Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                              According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                              \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                              Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                              Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                              There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                              Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                              <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                              Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                              Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                              Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                              The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                              \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                              Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                              Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                              \"\"
                                              Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                              Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                              Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                              Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                              Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                              \"\"<\/figure>\n\n\n\n

                                              After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                              Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                              After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                              The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                              The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                              \"\"
                                              Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                              The Communities Reactions<\/h2>\n\n\n\n

                                              Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                              \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                              \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                              1 34 35 36 37 38 41

                                              Most Read

                                              Subscribe To Our Newsletter

                                              By subscribing, you agree with our privacy and terms.

                                              Follow The Distributed

                                              ADVERTISEMENT
                                              \n

                                              A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                              A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                              The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                              Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                              Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                              Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                              SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                              What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                              A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                              Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                              Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                              Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                              Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                              A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                              The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                              The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                              Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                              The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                              The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                              The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                              1. Build A Platform<\/li>
                                              2. Fostering Professionals<\/li>
                                              3. Fostering Specialised Companies<\/li>
                                              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                What Is SWIFT?<\/h2>\n\n\n\n

                                                The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                \"\"
                                                Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                \"\"<\/figure>\n\n\n\n

                                                After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                \"\"
                                                Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                The Communities Reactions<\/h2>\n\n\n\n

                                                Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                1 34 35 36 37 38 41

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                                                \n

                                                Miner Nodes<\/h3>\n\n\n\n

                                                A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                1. Build A Platform<\/li>
                                                2. Fostering Professionals<\/li>
                                                3. Fostering Specialised Companies<\/li>
                                                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                  China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                  The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                  Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                  Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                  The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                  Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                  The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                  What Is SWIFT?<\/h2>\n\n\n\n

                                                  The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                  Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                  Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                  According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                  \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                  Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                  Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                  There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                  Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                  <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                  Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                  Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                  Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                  The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                  \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                  Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                  Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                  \"\"
                                                  Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                  Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                  Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                  Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                  Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                  \"\"<\/figure>\n\n\n\n

                                                  After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                  Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                  After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                  The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                  The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                  \"\"
                                                  Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                  The Communities Reactions<\/h2>\n\n\n\n

                                                  Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                  \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                  \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                  1 34 35 36 37 38 41

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                                                  \n

                                                  A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                  Miner Nodes<\/h3>\n\n\n\n

                                                  A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                  A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                  The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                  Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                  Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                  Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                  SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                  What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                  A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                  Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                  Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                  Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                  Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                  A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                  The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                  The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                  Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                  The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                  The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                  The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                  South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                  The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                  1. Build A Platform<\/li>
                                                  2. Fostering Professionals<\/li>
                                                  3. Fostering Specialised Companies<\/li>
                                                  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                    China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                    The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                    Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                    Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                    The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                    Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                    The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                    What Is SWIFT?<\/h2>\n\n\n\n

                                                    The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                    Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                    Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                    According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                    \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                    Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                    Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                    There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                    Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                    <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                    Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                    Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                    Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                    The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                    \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                    Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                    Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                    \"\"
                                                    Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                    Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                    Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                    Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                    Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                    \"\"<\/figure>\n\n\n\n

                                                    After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                    Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                    After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                    The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                    The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                    \"\"
                                                    Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                    The Communities Reactions<\/h2>\n\n\n\n

                                                    Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                    \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                    \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                    1 34 35 36 37 38 41

                                                    Most Read

                                                    Subscribe To Our Newsletter

                                                    By subscribing, you agree with our privacy and terms.

                                                    Follow The Distributed

                                                    ADVERTISEMENT
                                                    \n

                                                    Supernodes<\/h3>\n\n\n\n

                                                    A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                    Miner Nodes<\/h3>\n\n\n\n

                                                    A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                    A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                    The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                    Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                    Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                    Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                    SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                    What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                    A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                    Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                    Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                    Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                    Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                    A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                    The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                    The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                    Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                    The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                    The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                    The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                    South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                    1. Build A Platform<\/li>
                                                    2. Fostering Professionals<\/li>
                                                    3. Fostering Specialised Companies<\/li>
                                                    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                      China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                      The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                      Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                      Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                      The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                      Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                      The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                      What Is SWIFT?<\/h2>\n\n\n\n

                                                      The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                      Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                      Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                      According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                      \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                      Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                      Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                      There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                      Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                      <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                      Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                      Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                      Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                      The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                      \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                      Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                      Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                      \"\"
                                                      Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                      Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                      Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                      Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                      Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                      \"\"<\/figure>\n\n\n\n

                                                      After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                      Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                      After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                      The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                      The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                      \"\"
                                                      Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                      The Communities Reactions<\/h2>\n\n\n\n

                                                      Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                      \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                      \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                      1 34 35 36 37 38 41

                                                      Most Read

                                                      Subscribe To Our Newsletter

                                                      By subscribing, you agree with our privacy and terms.

                                                      Follow The Distributed

                                                      ADVERTISEMENT
                                                      \n

                                                      Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                      Supernodes<\/h3>\n\n\n\n

                                                      A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                      Miner Nodes<\/h3>\n\n\n\n

                                                      A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                      A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                      The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                      Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                      Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                      Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                      SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                      What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                      A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                      Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                      Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                      Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                      Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                      A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                      The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                      The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                      Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                      The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                      The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                      The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                      1. Build A Platform<\/li>
                                                      2. Fostering Professionals<\/li>
                                                      3. Fostering Specialised Companies<\/li>
                                                      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                        China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                        The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                        Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                        Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                        The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                        Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                        The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                        What Is SWIFT?<\/h2>\n\n\n\n

                                                        The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                        Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                        Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                        According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                        \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                        Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                        Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                        There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                        Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                        <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                        Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                        Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                        Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                        The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                        \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                        Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                        Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                        \"\"
                                                        Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                        Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                        Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                        Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                        Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                        \"\"<\/figure>\n\n\n\n

                                                        After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                        Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                        After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                        The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                        The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                        \"\"
                                                        Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                        The Communities Reactions<\/h2>\n\n\n\n

                                                        Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                        \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                        \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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                                                        \n

                                                        When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                        Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                        Supernodes<\/h3>\n\n\n\n

                                                        A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                        Miner Nodes<\/h3>\n\n\n\n

                                                        A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                        A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                        The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                        Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                        Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                        Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                        SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                        What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                        A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                        Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                        Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                        Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                        Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                        A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                        The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                        The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                        Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                        The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                        The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                        The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                        1. Build A Platform<\/li>
                                                        2. Fostering Professionals<\/li>
                                                        3. Fostering Specialised Companies<\/li>
                                                        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                          China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                          The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                          Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                          Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                          The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                          Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                          The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                          What Is SWIFT?<\/h2>\n\n\n\n

                                                          The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                          Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                          Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                          According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                          \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                          Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                          Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                          There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                          Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                          <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                          Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                          Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                          Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                          The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                          \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                          Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                          Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                          \"\"
                                                          Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                          Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                          Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                          Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                          Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                          \"\"<\/figure>\n\n\n\n

                                                          After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                          Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                          After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                          The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                          The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                          \"\"
                                                          Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                          The Communities Reactions<\/h2>\n\n\n\n

                                                          Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                          \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                          \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                          1 34 35 36 37 38 41

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                                                          Follow The Distributed

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                                                          \n

                                                          Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                          When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                          Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                          Supernodes<\/h3>\n\n\n\n

                                                          A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                          Miner Nodes<\/h3>\n\n\n\n

                                                          A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                          A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                          The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                          Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                          Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                          Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                          SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                          What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                          A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                          Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                          Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                          Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                          Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                          A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                          The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                          The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                          Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                          The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                          The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                          The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                          1. Build A Platform<\/li>
                                                          2. Fostering Professionals<\/li>
                                                          3. Fostering Specialised Companies<\/li>
                                                          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                            China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                            The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                            Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                            Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                            The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                            Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                            The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                            What Is SWIFT?<\/h2>\n\n\n\n

                                                            The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                            Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                            Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                            According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                            \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                            Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                            Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                            There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                            Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                            <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                            Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                            Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                            Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                            The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                            \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                            Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                            Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                            \"\"
                                                            Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                            Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                            Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                            Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                            Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                            \"\"<\/figure>\n\n\n\n

                                                            After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                            Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                            After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                            The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                            The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                            \"\"
                                                            Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                            The Communities Reactions<\/h2>\n\n\n\n

                                                            Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                            \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                            \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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                                                            \n

                                                            Full Nodes<\/h3>\n\n\n\n

                                                            Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                            When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                            Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                            Supernodes<\/h3>\n\n\n\n

                                                            A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                            Miner Nodes<\/h3>\n\n\n\n

                                                            A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                            A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                            The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                            Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                            Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                            Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                            SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                            What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                            A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                            Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                            Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                            Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                            Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                            A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                            The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                            The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                            Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                            The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                            The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                            The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                            1. Build A Platform<\/li>
                                                            2. Fostering Professionals<\/li>
                                                            3. Fostering Specialised Companies<\/li>
                                                            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                              China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                              The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                              Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                              Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                              The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                              Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                              The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                              What Is SWIFT?<\/h2>\n\n\n\n

                                                              The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                              Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                              Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                              According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                              \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                              Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                              Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                              There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                              Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                              <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                              Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                              Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                              Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                              The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                              \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                              Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                              Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                              \"\"
                                                              Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                              Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                              Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                              Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                              Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                              \"\"<\/figure>\n\n\n\n

                                                              After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                              Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                              After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                              The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                              The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                              \"\"
                                                              Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                              The Communities Reactions<\/h2>\n\n\n\n

                                                              Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                              \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                              \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                              1 34 35 36 37 38 41

                                                              Most Read

                                                              Subscribe To Our Newsletter

                                                              By subscribing, you agree with our privacy and terms.

                                                              Follow The Distributed

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                                                              \n

                                                              What Nodes Are Used In Blockchain?<\/h2>\n\n\n\n

                                                              Full Nodes<\/h3>\n\n\n\n

                                                              Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                              When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                              Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                              Supernodes<\/h3>\n\n\n\n

                                                              A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                              Miner Nodes<\/h3>\n\n\n\n

                                                              A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                              A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                              The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                              Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                              Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                              Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                              SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                              What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                              A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                              Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                              Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                              Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                              Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                              A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                              The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                              The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                              Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                              The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                              The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                              The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                              1. Build A Platform<\/li>
                                                              2. Fostering Professionals<\/li>
                                                              3. Fostering Specialised Companies<\/li>
                                                              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                                China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                                The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                                Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                                Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                                The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                                Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                                The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                                What Is SWIFT?<\/h2>\n\n\n\n

                                                                The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                                Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                                Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                                According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                                \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                                Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                                Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                                There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                                Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                                <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                                Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                                Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                                Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                                The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                                \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                                Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                                Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                                \"\"
                                                                Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                                Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                                Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                                Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                                Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                                \"\"<\/figure>\n\n\n\n

                                                                After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                                Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                                After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                                The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                                The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                                \"\"
                                                                Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                                The Communities Reactions<\/h2>\n\n\n\n

                                                                Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                                \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                                \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

                                                                1 34 35 36 37 38 41

                                                                Most Read

                                                                Subscribe To Our Newsletter

                                                                By subscribing, you agree with our privacy and terms.

                                                                Follow The Distributed

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                                                                \n

                                                                In a distributed network<\/a>, nodes can be\u00a0clients,\u00a0servers,\u00a0or\u00a0peers. There exist different types of nodes, each with its own functions. It is these functions that define the node's purpose.<\/p>\n\n\n\n

                                                                What Nodes Are Used In Blockchain?<\/h2>\n\n\n\n

                                                                Full Nodes<\/h3>\n\n\n\n

                                                                Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                                When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                                Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                                Supernodes<\/h3>\n\n\n\n

                                                                A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                                Miner Nodes<\/h3>\n\n\n\n

                                                                A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                                A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                                The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                                Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                                Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                                Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                                SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                                What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                                A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                                Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                                Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                                Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                                Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                                A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                                The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                                The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                                Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                                The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                                The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                                The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                                South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                                The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                                1. Build A Platform<\/li>
                                                                2. Fostering Professionals<\/li>
                                                                3. Fostering Specialised Companies<\/li>
                                                                4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                                  With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                                  Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                                  Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                                  Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                                  \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                                  China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                                  The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                                  Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                                  Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                                  The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                                  Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                                  The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                                  What Is SWIFT?<\/h2>\n\n\n\n

                                                                  The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                                  Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                                  Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                                  According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                                  \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                                  Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                                  Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                                  There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                                  Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                                  <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                                  Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                                  Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                                  Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                                  The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                                  \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                                  Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                                  Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                                  \"\"
                                                                  Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                                  Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                                  Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                                  Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                                  Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                                  \"\"<\/figure>\n\n\n\n

                                                                  After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                                  Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                                  After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                                  The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                                  The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                                  \"\"
                                                                  Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                                  The Communities Reactions<\/h2>\n\n\n\n

                                                                  Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                                  \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                                  \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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                                                                  Most Read

                                                                  Subscribe To Our Newsletter

                                                                  By subscribing, you agree with our privacy and terms.

                                                                  Follow The Distributed

                                                                  ADVERTISEMENT
                                                                  \n

                                                                  Nodes are responsible for acting as a point of redistribution or a communication point. In the essence of a blockchain, they perform different functions as needed, such as communicating information about transactions and\/or blocks from peer-to-peer<\/a> through the set protocol<\/a>.<\/p>\n\n\n\n

                                                                  In a distributed network<\/a>, nodes can be\u00a0clients,\u00a0servers,\u00a0or\u00a0peers. There exist different types of nodes, each with its own functions. It is these functions that define the node's purpose.<\/p>\n\n\n\n

                                                                  What Nodes Are Used In Blockchain?<\/h2>\n\n\n\n

                                                                  Full Nodes<\/h3>\n\n\n\n

                                                                  Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                                  When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                                  Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                                  Supernodes<\/h3>\n\n\n\n

                                                                  A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                                  Miner Nodes<\/h3>\n\n\n\n

                                                                  A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                                  A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                                  The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                                  Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                                  Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                                  Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                                  SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                                  What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                                  A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                                  Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                                  Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                                  Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                                  Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                                  A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                                  The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                                  The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                                  Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                                  The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                                  The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                                  The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                                  South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                                  The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                                  1. Build A Platform<\/li>
                                                                  2. Fostering Professionals<\/li>
                                                                  3. Fostering Specialised Companies<\/li>
                                                                  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                                    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                                    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                                    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                                    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                                    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                                    China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                                    The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                                    Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                                    Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                                    The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                                    Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                                    The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                                    What Is SWIFT?<\/h2>\n\n\n\n

                                                                    The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                                    Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                                    Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                                    According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                                    \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                                    Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                                    Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                                    There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                                    Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                                    <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                                    Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                                    Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                                    Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                                    The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                                    \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                                    Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                                    Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                                    \"\"
                                                                    Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                                    Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                                    Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                                    Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                                    Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                                    \"\"<\/figure>\n\n\n\n

                                                                    After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                                    Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                                    After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                                    The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                                    The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                                    \"\"
                                                                    Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                                    The Communities Reactions<\/h2>\n\n\n\n

                                                                    Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                                    \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                                    \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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                                                                    \n

                                                                    What Are Nodes?<\/h2>\n\n\n\n

                                                                    Nodes are responsible for acting as a point of redistribution or a communication point. In the essence of a blockchain, they perform different functions as needed, such as communicating information about transactions and\/or blocks from peer-to-peer<\/a> through the set protocol<\/a>.<\/p>\n\n\n\n

                                                                    In a distributed network<\/a>, nodes can be\u00a0clients,\u00a0servers,\u00a0or\u00a0peers. There exist different types of nodes, each with its own functions. It is these functions that define the node's purpose.<\/p>\n\n\n\n

                                                                    What Nodes Are Used In Blockchain?<\/h2>\n\n\n\n

                                                                    Full Nodes<\/h3>\n\n\n\n

                                                                    Full nodes are the backbone of a decentralized network, acting as the server of sorts. They work to maintain consensus between the other nodes and the verification of transactions.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n\n\n\n

                                                                    When making decisions for a network, full nodes are the ones that vote on different proposals. Full nodes are also able to relay new transactions and blocks to the blockchain, through their own copy of the blockchain ledger<\/a>.<\/p>\n\n\n\n

                                                                    Although not all full nodes are visible and accessible to the public, some are hidden. Bitcoin there are currently over 14,800 public nodes, these public nodes are called supernodes.<\/p>\n\n\n\n

                                                                    Supernodes<\/h3>\n\n\n\n

                                                                    A supernode also called a listening node, is a visible and accessible full node. A supernode will establish a connection with another node and provide it with any information it receives such as transactions, acting as a redistribution point and a communication bridge.<\/p>\n\n\n\n

                                                                    Miner Nodes<\/h3>\n\n\n\n

                                                                    A miner node is a node that can add blocks to a blockchain. It must be a full node, so it can receive data from other full nodes on the blockchain - staying up to date with the information coming in and out of the system.<\/p>\n\n\n\n

                                                                    A miner node will use specific hardware; CPUs, GPUs or ASICs, to solve the cryptographic problem handed to them, this is known as \"cryptocurrency mining<\/a>\", hence the name.<\/p>\n\n\n\n

                                                                    The first miner to complete the task will broadcast his block to the network. Once broadcasted, it will be verified by full nodes, and once consensus is reached \u2013 the miner is granted the right to add a block to the existing blockchain.<\/p>\n\n\n\n

                                                                    Simplified Payment Verification (SPV) Clients<\/h3>\n\n\n\n

                                                                    Simplified Payment Verification (SPV) clients are \"lightweight\", not being full nodes. They do not actually take part in anything, not having a copy of the blockchain or verifying transactions.<\/p>\n\n\n\n

                                                                    Despite this they are very useful, acting as a communication endpoint. <\/p>\n\n\n\n

                                                                    SPV clients communicate with a blockchain but rely on supernodes to provide them with information. As they don\u2019t have a copy of the blockchain, they only query the current status for which block is last, and broadcast transactions ready for processing.((Nodes - Blockchain Nodes: An In-Depth Guide<\/a>))<\/p>\n","post_title":"Nodes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nodes","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-is-a-blockchain-protocol\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/","post_modified":"2022-06-05 01:20:12","post_modified_gmt":"2022-06-04 15:20:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3672","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3670,"post_author":"1","post_date":"2022-03-01 19:49:30","post_date_gmt":"2022-03-01 08:49:30","post_content":"\n

                                                                    What Is A Memory Pool (Mempool)?<\/h2>\n\n\n\n

                                                                    A memory pool, or mempool, is the \"waiting room<\/a>\" where unconfirmed transactions are held before they've been verified on a blockchain ledger.<\/a> After a node<\/a> verifies the transaction, it waits in the Mempool until it\u2019s then picked up by a miner<\/a> and inserted in a block.<\/p>\n\n\n\n

                                                                    Verifying A Transaction From A Mempool<\/h2>\n\n\n\n

                                                                    Transactions are not confirmed right away<\/a>. The memory pool allows transactions enough time to be distributed to various public ledgers.<\/p>\n\n\n\n

                                                                    Nodes verify a transaction by running a series of checks such as; verifying that signatures are correct, outputs don't exceed inputs, and that funds have not already been spent. If the node is satisfied with the checks, the transaction is accepted and is ready to be put in a block.<\/p>\n\n\n\n

                                                                    Miners will often confirm transactions with higher gas fees<\/a> attached to them. This is because miners get a percentage of the fees associated with a transaction, and miners are driven by potential profits more than anything. If you needed to have a transaction verified quickly, you could essentially bribe a miner with a high transaction fee.<\/p>\n","post_title":"Memory Pool (Mempool)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"mempool","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/gas-fees\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/what-are-nodes\/","post_modified":"2022-07-24 23:54:12","post_modified_gmt":"2022-07-24 13:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3670","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3659,"post_author":"1","post_date":"2022-02-28 22:12:50","post_date_gmt":"2022-02-28 11:12:50","post_content":"\n

                                                                    A cryptographic nonce is an abbreviation for \"number only used once\". In reference to cryptocurrency mining<\/a>, it is a number added to a hashed block that, when rehashed, meets the mining difficulty<\/a>.((https:\/\/en.wikipedia.org\/wiki\/Cryptographic_nonce<\/a>))<\/p>\n\n\n\n

                                                                    The nonce is the number that cryptocurrency miners are searching for. Only once it is found, miners can broadcast their block to the other nodes for verification. <\/p>\n\n\n\n

                                                                    The reason miners are rewarded for finding the nonce is that it is very difficult to do so, and requires a lot of energy and computational power. Cryptographic nonce numbers are pseudo-random numbers, so miners will approach finding them through trial and error. Every calculation will provide a new nonce number until the right one's found.<\/p>\n\n\n\n

                                                                    Why Is Finding The Nonce So Hard?<\/h2>\n\n\n\n

                                                                    The difficulty of finding the nonce filters out miners who aren't as talented or committed to the act, as the probability is close to zero.<\/p>\n\n\n\n

                                                                    The number of potential hashes needed to find the number is automatically adjusted by the protocol<\/a> to ensure that it is found. For example, Bitcoin does this every 10 minutes. This is the mining difficulty adjustment. <\/p>\n\n\n\n

                                                                    The difficulty adjusts in proportion to the amount of computational power or mining hash rate<\/a> on to the network. So, as more miners join the network the hashing difficulty gets harder. Likewise, if miners leave the hashing difficulty becomes easier. This means a steady flow of blocks is being mined.<\/p>\n","post_title":"Number Only Used Once (Nonce) Definition","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nonce","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-is-a-mining-hashrate\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/a-guide-to-cryptocurrency-mining\/#mining-difficulty","post_modified":"2022-06-02 22:16:57","post_modified_gmt":"2022-06-02 12:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3659","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

                                                                    South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

                                                                    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

                                                                    1. Build A Platform<\/li>
                                                                    2. Fostering Professionals<\/li>
                                                                    3. Fostering Specialised Companies<\/li>
                                                                    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                                                                      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                                                                      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                                                                      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                                                                      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                                                                      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3630,"post_author":"1","post_date":"2022-02-27 21:50:42","post_date_gmt":"2022-02-27 10:50:42","post_content":"\n

                                                                      China's Supreme Court deemed<\/a> that virtual asset transactions now fall under illegal fundraising. <\/p>\n\n\n\n

                                                                      The amendment comes into play on March 1st. It rules that those prosecuted under Article 176 of China's Criminal Law<\/a> will face penalties depending on the amount raised.<\/p>\n\n\n\n

                                                                      Fundraising that exceeds 100,000 yuan (US$15,800) is categorized as a \u201clarge amount\u201d which sets forth prison sentences between 3 and 10 years with fines between 50,000 Yuan (US$7,900) and 500,000 Yuan ($79,000).<\/p>\n\n\n\n

                                                                      Less serious fundraising will be prosecuted with no more than 3 years in prison, with a fine from 20,000 Yuan (US$3160) to 200,000 Yuan (US$31,600).<\/p>\n\n\n\n

                                                                      The new law accompanies China's efforts to root out financial scams and money laundering by \u201cpunishing illegal fundraising crimes in accordance with the law and maintaining national financial security and stability\u201d.<\/p>\n","post_title":"China's Supreme Court Declares Crypto Transactions \"Illegal Fundraising\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"chinas-supreme-court-declares-crypto-transactions-illegal","to_ping":"","pinged":"","post_modified":"2022-02-27 21:51:55","post_modified_gmt":"2022-02-27 10:51:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3627,"post_author":"1","post_date":"2022-02-27 16:13:25","post_date_gmt":"2022-02-27 05:13:25","post_content":"\n

                                                                      Vladimir Putin's recent decision to invade Ukraine has had a negative impact<\/a> on the global financial system. Although markets have recovered<\/a> this is the beginning for Russia's economy.<\/p>\n\n\n\n

                                                                      The US, UK, Canada, and Europe agreed to block some Russian banks from SWIFT<\/a> to \"further isolate Russia from the international financial system\". <\/p>\n\n\n\n

                                                                      What Is SWIFT?<\/h2>\n\n\n\n

                                                                      The Society for Worldwide Interbank Financial Telecommunication is a Belgian-based messaging system. It facilitates transactions between more than 11,000 banks and financial institutions across 200 countries. SWIFT makes cross-border payments and international trade possible.<\/p>\n\n\n\n

                                                                      Excluding certain Russian banks from the SWIFT system used for transactions worth trillions will hit the Russian economy, hard. The White House added that it will make Russia rely on \"the telephone or a fax machine\" to make payments.<\/p>\n\n\n\n

                                                                      Will Russia Pivot To Crypto?<\/h2>\n\n\n\n

                                                                      According to a Bloomberg<\/a> report, Russian billionaires may switch to cryptocurrencies to navigate around financial blockades and sanctions.<\/p>\n\n\n\n

                                                                      \u201cIf a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin in order to be protected from such actions.\u201d<\/em><\/strong><\/p>Mati Greenspan, CEO at Quantum Economics<\/cite><\/blockquote>\n\n\n\n

                                                                      Vladimir Putin is an advocate for crypto, recently going against the recommendations of his own central bank to ban cryptocurrencies<\/a>. Russia currently owns around 12% of the world's cryptocurrencies<\/a> and a BeInCrypto report<\/a> suggests Russias 'Crypto Toolbox' may help them dodge sanctions.<\/p>\n\n\n\n

                                                                      Despite these facts, Robbie Liu a researcher from Babel Finance told\u00a0Forkast<\/a>\u00a0that \"it is unrealistic for Russia to avoid sanctions using crypto as the market is mainly denominated in USD-pegged stablecoins<\/a>.\"<\/p>\n\n\n\n

                                                                      There are also measures in place that allow for entities to identify where transactions come from. Making it much harder for sanctioned nations to move around useful sums of money. <\/p>\n\n\n\n

                                                                      Chainalysis<\/a> is a company that tracks cross-border criminal activities on blockchains. So far, no unusual activities have been detected within Russia or Ukraine. Head of international policy, Caroline Malcome states that \u201cany information on relevant wallet addresses will be added to our products and available to our partners immediately,\u201d<\/p>\n\n\n\n

                                                                      <\/p>\n","post_title":"Will Russian Banks Blocked From SWIFT Turn To Crypto?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russian-banks-blocked-from-swift-turn-to-crypto","to_ping":"","pinged":"","post_modified":"2023-04-11 00:21:58","post_modified_gmt":"2023-04-10 14:21:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3627","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3623,"post_author":"1","post_date":"2022-02-27 00:49:59","post_date_gmt":"2022-02-26 13:49:59","post_content":"\n

                                                                      Due to the recent news of Russia's invasion of Ukraine, markets took a sharp hit<\/a>.<\/p>\n\n\n\n

                                                                      Although markets were quick to recover after news that the U.S. was not getting involved, only applying sanctions. The markets started to rally after this news, Joe Biden stated that the U.S. will only limit Russia's ability to \u201cdo business in dollars, euros, pounds, and yen to be part of the global economy.\u201d<\/p>\n\n\n\n

                                                                      Wall Street saw a 7% intra-day gain on Thursday after Joe Biden's address. Bitcoin followed suit recovering from a low of $34,000 on Thursday, to a high of $40,000 today according to data<\/a> from CoinMarketCap. This figure was higher than the days leading up to the invasion. <\/p>\n\n\n\n

                                                                      The total crypto market reached a high of $1.8 trillion which was over a 3.5% increase from the day prior.<\/p>\n\n\n\n

                                                                      \"\"<\/figure>\n","post_title":"Cryptocurrency Markets Recover After Sharp Dip","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocurrency-markets-recover-after-sharp-dip","to_ping":"","pinged":"","post_modified":"2022-02-27 00:50:01","post_modified_gmt":"2022-02-26 13:50:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3623","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3608,"post_author":"1","post_date":"2022-02-26 13:08:41","post_date_gmt":"2022-02-26 02:08:41","post_content":"\n

                                                                      Kuna<\/a>, a Ukrainian-based crypto exchange has seen a huge spike in transaction volume after the news of Russia's<\/a> invasion. <\/p>\n\n\n\n

                                                                      Data<\/a> from CoinGecko<\/a> shows prior to the invasion trading volumes on Thursday were around $1.5M, nearing $5M on Friday. Although trading volume has since dropped to around $2M.<\/p>\n\n\n\n

                                                                      \"\"
                                                                      Source: CoinGecko<\/figcaption><\/figure>\n\n\n\n

                                                                      Despite global markets taking a huge hit<\/a> after the news, Ukrainians were quick to react to the news in case of an economic crisis.<\/p>\n","post_title":"Kuna, A Ukrainian Crypto Exchange Has Tripled In Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kuna-a-ukrainian-crypto-exchange-has-tripled-in-volume","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2022-02-26 22:20:07","post_modified_gmt":"2022-02-26 11:20:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3608","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3591,"post_author":"1","post_date":"2022-02-26 00:05:26","post_date_gmt":"2022-02-25 13:05:26","post_content":"\n

                                                                      Amidst the war between Russia<\/a> and Ukraine, thousands have shown their support through Bitcoin donations to the military.<\/p>\n\n\n\n

                                                                      Come Back Alive<\/a> is a Kyiv-based non-profit. Funds were donated to their Bitcoin wallet<\/a> will finance military equipment like medical kits and armor for the Ukrainian soldiers.<\/p>\n\n\n\n

                                                                      Fortune reported<\/a> that $400,000 was donated after news of Russia's invasion, according to data <\/a>from blockchain and crypto analytics firm, Elliptic. Hitting over $4,000,000 today, with several contributions of over $1,000 according to Come Back Alive's director, Taras Chmut. <\/p>\n\n\n\n

                                                                      \"\"<\/figure>\n\n\n\n

                                                                      After originally accepting FIAT on Go Fund Me, the page has been inaccessible since Thursday. It was against Go Fund Me policies, but they stated in a blog post<\/a> that they're using their services to support military funding. Every donation sent to the original page will be sent back.<\/p>\n\n\n\n

                                                                      Cryptocurrency prices have dropped<\/a> dramatically due to fears over the war, despite this support in cryptocurrencies have become one of the main ways to support various causes.<\/p>\n","post_title":"$4M+ In Bitcoin Donated To Support Ukrainian Military","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"4m-in-bitcoin-donated-to-support-ukrainian-military","to_ping":"","pinged":"","post_modified":"2023-04-30 21:39:12","post_modified_gmt":"2023-04-30 11:39:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3581,"post_author":"1","post_date":"2022-02-24 19:01:39","post_date_gmt":"2022-02-24 08:01:39","post_content":"\n

                                                                      After Russian President, Vladamir Putin announced<\/a> a \"special military operation\" in Ukraine global markets have tanked.<\/p>\n\n\n\n

                                                                      The Russian army had launched several missiles aimed at Ukraine, targeting several cities including the capital, Kyiv.<\/p>\n\n\n\n

                                                                      The Bitcoin (BTC<\/a>) price has dropped 7.26% and Ethereum (ETH<\/a>) dropped 9.48% today according to CoinMarketCap<\/a>. The overall crypto market cap has dropped 8.25% to $1.58 trillion.<\/p>\n\n\n\n

                                                                      \"\"
                                                                      Source: CoinMarketCap<\/figcaption><\/figure>\n\n\n\n

                                                                      The Communities Reactions<\/h2>\n\n\n\n

                                                                      Ethereum founder Vitalik Buterin, born and raised in Russia,\u00a0tweeted<\/a> in Russian that roughly translates to <\/p>\n\n\n\n

                                                                      \u201cVery upset by Putin's decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against the Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.\"<\/p>\n\n\n\n

                                                                      \u00a0He\u00a0added<\/a>\u00a0later in English: \u201cReminder: Ethereum is neutral, but I am not.\u201d<\/p>\n\n\n\n

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