\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

1 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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

1 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

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

1 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

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

1 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

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 79 80 81 82 83 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\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 79 80 81 82 83 85

Most Read

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 79 80 81 82 83 85

Most Read

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 79 80 81 82 83 85

Most Read

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

Most Read

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

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 79 80 81 82 83 85

    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 79 80 81 82 83 85

      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 79 80 81 82 83 85

        Most Read

        Subscribe To Our Newsletter

        By subscribing, you agree with our privacy and terms.

        Follow The Distributed

        ADVERTISEMENT
        \n

        In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

          Most Read

          Subscribe To Our Newsletter

          By subscribing, you agree with our privacy and terms.

          Follow The Distributed

          ADVERTISEMENT
          \n

          Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

          In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

            Most Read

            Subscribe To Our Newsletter

            By subscribing, you agree with our privacy and terms.

            Follow The Distributed

            ADVERTISEMENT
            \n

            The Impact Of War On Currency<\/h2>\n\n\n\n

            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              ADVERTISEMENT
              \n
              \"\"
              Image: Xe<\/figcaption><\/figure>\n\n\n\n

              The Impact Of War On Currency<\/h2>\n\n\n\n

              Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

              In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                Most Read

                Subscribe To Our Newsletter

                By subscribing, you agree with our privacy and terms.

                Follow The Distributed

                ADVERTISEMENT
                \n

                The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                \"\"
                Image: Xe<\/figcaption><\/figure>\n\n\n\n

                The Impact Of War On Currency<\/h2>\n\n\n\n

                Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                  Most Read

                  Subscribe To Our Newsletter

                  By subscribing, you agree with our privacy and terms.

                  Follow The Distributed

                  ADVERTISEMENT
                  \n

                  \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                  The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                  \"\"
                  Image: Xe<\/figcaption><\/figure>\n\n\n\n

                  The Impact Of War On Currency<\/h2>\n\n\n\n

                  Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                  In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                    Most Read

                    Subscribe To Our Newsletter

                    By subscribing, you agree with our privacy and terms.

                    Follow The Distributed

                    ADVERTISEMENT
                    \n

                    In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                    \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                    The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                    \"\"
                    Image: Xe<\/figcaption><\/figure>\n\n\n\n

                    The Impact Of War On Currency<\/h2>\n\n\n\n

                    Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                    In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                      Most Read

                      Subscribe To Our Newsletter

                      By subscribing, you agree with our privacy and terms.

                      Follow The Distributed

                      ADVERTISEMENT
                      \n

                      Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                      In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                      \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                      The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                      \"\"
                      Image: Xe<\/figcaption><\/figure>\n\n\n\n

                      The Impact Of War On Currency<\/h2>\n\n\n\n

                      Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                      In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                        Most Read

                        Subscribe To Our Newsletter

                        By subscribing, you agree with our privacy and terms.

                        Follow The Distributed

                        ADVERTISEMENT
                        \n

                        Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                        Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                        In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                        \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                        The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                        \"\"
                        Image: Xe<\/figcaption><\/figure>\n\n\n\n

                        The Impact Of War On Currency<\/h2>\n\n\n\n

                        Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                        In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                          Most Read

                          Subscribe To Our Newsletter

                          By subscribing, you agree with our privacy and terms.

                          Follow The Distributed

                          ADVERTISEMENT
                          \n

                          Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                          Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                          Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                          In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                          \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                          The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                          \"\"
                          Image: Xe<\/figcaption><\/figure>\n\n\n\n

                          The Impact Of War On Currency<\/h2>\n\n\n\n

                          Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                          In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                            Most Read

                            Subscribe To Our Newsletter

                            By subscribing, you agree with our privacy and terms.

                            Follow The Distributed

                            ADVERTISEMENT
                            \n

                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                            \"\"
                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                            The Impact Of War On Currency<\/h2>\n\n\n\n

                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                              Most Read

                              Subscribe To Our Newsletter

                              By subscribing, you agree with our privacy and terms.

                              Follow The Distributed

                              ADVERTISEMENT
                              \n

                              \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                              Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                              Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                              Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                              Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                              In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                              \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                              The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                              \"\"
                              Image: Xe<\/figcaption><\/figure>\n\n\n\n

                              The Impact Of War On Currency<\/h2>\n\n\n\n

                              Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                              In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                Most Read

                                Subscribe To Our Newsletter

                                By subscribing, you agree with our privacy and terms.

                                Follow The Distributed

                                ADVERTISEMENT
                                \n

                                Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                \"\"
                                Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                The Impact Of War On Currency<\/h2>\n\n\n\n

                                Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                  Most Read

                                  Subscribe To Our Newsletter

                                  By subscribing, you agree with our privacy and terms.

                                  Follow The Distributed

                                  ADVERTISEMENT
                                  \n

                                  Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                  Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                  \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                  Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                  Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                  Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                  Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                  In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                  \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                  The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                  \"\"
                                  Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                  The Impact Of War On Currency<\/h2>\n\n\n\n

                                  Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                  In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                    Most Read

                                    Subscribe To Our Newsletter

                                    By subscribing, you agree with our privacy and terms.

                                    Follow The Distributed

                                    ADVERTISEMENT
                                    \n

                                    eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                    Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                    Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                    \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                    Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                    Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                    Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                    Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                    In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                    \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                    The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                    \"\"
                                    Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                    The Impact Of War On Currency<\/h2>\n\n\n\n

                                    Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                    In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                      Most Read

                                      Subscribe To Our Newsletter

                                      By subscribing, you agree with our privacy and terms.

                                      Follow The Distributed

                                      ADVERTISEMENT
                                      \n

                                      eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                      eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                      Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                      Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                      \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                      Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                      Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                      Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                      Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                      In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                      \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                      The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                      \"\"
                                      Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                      The Impact Of War On Currency<\/h2>\n\n\n\n

                                      Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                      In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                        Most Read

                                        Subscribe To Our Newsletter

                                        By subscribing, you agree with our privacy and terms.

                                        Follow The Distributed

                                        ADVERTISEMENT
                                        \n

                                        \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                        eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                        eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                        Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                        Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                        \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                        Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                        Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                        Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                        Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                        In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                        \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                        The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                        \"\"
                                        Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                        The Impact Of War On Currency<\/h2>\n\n\n\n

                                        Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                        In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                          Most Read

                                          Subscribe To Our Newsletter

                                          By subscribing, you agree with our privacy and terms.

                                          Follow The Distributed

                                          ADVERTISEMENT
                                          \n

                                          According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                          \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                          eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                          eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                          Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                          Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                          \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                          Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                          Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                          Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                          Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                          In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                          \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                          The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                          \"\"
                                          Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                          The Impact Of War On Currency<\/h2>\n\n\n\n

                                          Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                          In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n
                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n

                                            Ukraine's Vice Prime Minister Mykhailo Fedorov tweeted that the government will begin accepting donations in Meme Coins, including Dogecoin<\/a>.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n

                                            Ukraine is expanding the cryptocurrencies it is willing to accept as donations. Bitcoin, Ether, Polkadot, and other tokens proved a popular channel for funding the country's military and relief organizations, so it seems a good road to travel down.<\/p>\n\n\n\n

                                            Ukraine's Vice Prime Minister Mykhailo Fedorov tweeted that the government will begin accepting donations in Meme Coins, including Dogecoin<\/a>.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n
                                            \nhttps:\/\/twitter.com\/Ukraine\/status\/1498911922791583746\n<\/div><\/figure>\n\n\n\n

                                            Ukraine is expanding the cryptocurrencies it is willing to accept as donations. Bitcoin, Ether, Polkadot, and other tokens proved a popular channel for funding the country's military and relief organizations, so it seems a good road to travel down.<\/p>\n\n\n\n

                                            Ukraine's Vice Prime Minister Mykhailo Fedorov tweeted that the government will begin accepting donations in Meme Coins, including Dogecoin<\/a>.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n

                                            Airdrops involve businesses or crypto projects providing free tokens or NFTs to their communities as a way to encourage adoption. In the case of Ukraine, to increase donations to the country. The news of the Airdrop has surely increased donations, with thousands of microdonations<\/a> flooding their ETH wallet<\/a> in hopes of getting a reward.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/Ukraine\/status\/1498911922791583746\n<\/div><\/figure>\n\n\n\n

                                            Ukraine is expanding the cryptocurrencies it is willing to accept as donations. Bitcoin, Ether, Polkadot, and other tokens proved a popular channel for funding the country's military and relief organizations, so it seems a good road to travel down.<\/p>\n\n\n\n

                                            Ukraine's Vice Prime Minister Mykhailo Fedorov tweeted that the government will begin accepting donations in Meme Coins, including Dogecoin<\/a>.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT
                                            \n

                                            After raising a near $47 million in total donations for funding against their war with Russia, the Ukrainian government wants to give back to its donors in the form of an airdrop. The airdrop, which rewards aren't clear yet, will be distributed directly into the wallets of those who have donated to the cause.<\/p>\n\n\n\n

                                            Airdrops involve businesses or crypto projects providing free tokens or NFTs to their communities as a way to encourage adoption. In the case of Ukraine, to increase donations to the country. The news of the Airdrop has surely increased donations, with thousands of microdonations<\/a> flooding their ETH wallet<\/a> in hopes of getting a reward.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/Ukraine\/status\/1498911922791583746\n<\/div><\/figure>\n\n\n\n

                                            Ukraine is expanding the cryptocurrencies it is willing to accept as donations. Bitcoin, Ether, Polkadot, and other tokens proved a popular channel for funding the country's military and relief organizations, so it seems a good road to travel down.<\/p>\n\n\n\n

                                            Ukraine's Vice Prime Minister Mykhailo Fedorov tweeted that the government will begin accepting donations in Meme Coins, including Dogecoin<\/a>.<\/p>\n\n\n\n

                                            \nhttps:\/\/twitter.com\/FedorovMykhailo\/status\/1498982855162175488\n<\/div><\/figure>\n\n\n\n

                                            According to data from Ukraine\u2019s Dogecoin wallet<\/a>, they've received over US$70,000 worth of Dogecoin as of today.<\/p>\n\n\n\n

                                            \u201cCountries airdropping coins. Wild times.\u201d<\/p>Luke Martin, The Coinist Podcast<\/cite><\/blockquote>\n","post_title":"Ukraine Government Confirms Airdrop For Crypto Donors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ukraine-government-confirms-airdrop-for-crypto-donors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraines-airdrop-promoting-a-surge-in-microdonations\/","post_modified":"2023-04-30 21:39:03","post_modified_gmt":"2023-04-30 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3745","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3695,"post_author":"1","post_date":"2022-03-02 20:06:03","post_date_gmt":"2022-03-02 09:06:03","post_content":"\n

                                            eBay is considering the introduction of cryptocurrencies as a payment option according to CEO Jamie Iannone.<\/p>\n\n\n\n

                                            eBay is aiming to be the go-to platform for Gen-Z and millennials. Iannone stated<\/a> in an interview that Gen-Z is a \"priority target for the platform.\"<\/p>\n\n\n\n

                                            Iannone believes eBay is \"a place where people have something to sell and people have something buy show up.\" The rise in cryptocurrency's popularity has made several online platforms accept it as payment. With its focus on capturing millennials, eBay aims to do the same, and better align with their customers.<\/p>\n\n\n\n

                                            Will eBay Accept Cryptocurrencies?<\/h2>\n\n\n\n

                                            \"We're not accepting crypto currently...on March 10, we're going to go deeper on all of these things, payments, advertising, our focus categories.\"<\/p>Jamie Iannone on The Street<\/cite><\/blockquote>\n\n\n\n

                                            Iannone said that eBay changed its policies last year to make their platform a place to buy and sell anything, physical or digital. \"eBay will be the place where people trade goods, whether they be physical or digital. So over time, you know, we want this to be the marketplace for sustainability.\"<\/p>\n\n\n\n

                                            Despite eBay's recent attempt to accept cryptocurrencies at payment, it isn't their first. They first tried to integrate Bitcoin payments<\/a> back in 2014. Although this attempt fell through, it seems the company did not entirely give up its goal.<\/p>\n","post_title":"eBay Interested In Crypto As A Payment Option","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ebay-interested-in-crypto-as-a-payment-option","to_ping":"","pinged":"","post_modified":"2022-03-02 20:06:05","post_modified_gmt":"2022-03-02 09:06:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3684,"post_author":"1","post_date":"2022-03-01 22:27:59","post_date_gmt":"2022-03-01 11:27:59","post_content":"\n

                                            Bitcoin<\/a>\u00a0has overtaken the Russian Ruble<\/a> in total market capitalization. <\/p>\n\n\n\n

                                            Market analysts believe Bitcoins price surge was partly fuelled by Russians exchanging Rubles to cryptocurrencies. Along with the fact cryptocurrency serves as a store of value during times of uncertainty. <\/p>\n\n\n\n

                                            In turn, the crash of the Ruble came after increased sanctions imposed by nations after Russia's invasion<\/a> of Ukraine. The banning of Russian banks<\/a> from the SWIFT payment system also played a major role.<\/p>\n\n\n\n

                                            \u201cThe defining characteristics of bitcoin allows it to act as a safe haven during turbulent times.\u201d<\/p>Paolo Ardoino, CTO of BitFinex<\/cite><\/blockquote>\n\n\n\n

                                            The Russian Ruble has hit a 30 year low, losing over 30% of its value in less than a week, 1 Russian Ruble is worth a mere US$0.01.<\/p>\n\n\n\n

                                            \"\"
                                            Image: Xe<\/figcaption><\/figure>\n\n\n\n

                                            The Impact Of War On Currency<\/h2>\n\n\n\n

                                            Russia's invasion of Ukraine has sent markets into a whirl<\/a>. Although international markets managed to recover<\/a> mere days after the initial invasion, the most affected country is still Russia themselves.<\/p>\n\n\n\n

                                            In response to the sanctions and bans imposed on Russia, Russia's central bank more than doubled its interest rates to a crazy 20%. This was done in an effort to \"maintain financial and price stability\" stated the central bank.<\/p>\n","post_title":"Bitcoin Overtakes The Russian Ruble In Value","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-overtakes-russian-ruble-in-value","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2023-04-11 12:53:33","post_modified_gmt":"2023-04-11 02:53:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3684","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 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT

                                            Cryptocurrencies

                                            1 79 80 81 82 83 85

                                            Most Read

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Follow The Distributed

                                            ADVERTISEMENT