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Day: February 24, 2022
Bitcoin price spike to $39K leads traders to say ‘the panic is over for a few days’
Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours on Feb. 24, shortly after the Ukraine incursion began, and has since climbed its way back to $38,500 after an unexpected short-squeeze may have rapped bearish investors on the knuckles. BTC/USDT 1-day chart. Source: TradingView…
CryptoPunks ‘have changed the history of art,’ says panel at Sotheby’s auction
CryptoPunks enthusiasts and hopeful bidders gathered Wednesday night at Sotheby’s auction house in New York City for what turned out to be a non-event after the consignor of 104 CryptoPunks decided to hodl. In the wake of this announcement, however, a live panel discussion on the history of nonfungible tokens (NFTs) and CryptoPunks took place. The panel consisted of Sherone Rabinovitz, technologist and CryptoPunk expert, and Kenny Schachter, art critic and curator. Colborn Bell, founder of the Museum of Crypto Art, moderated. “Should we just tell everyone that there are…
People Are Sending Millions in Bitcoin to Aid Ukraine’s Military as Russia Advances
The address in question has been active since at least August 2021, but the vast majority of the 1,847 recorded transactions took place in February, many of them in the last 72 hours. According to Elliptic’s Tom Robinson, the charity received a single $3 million donation in bitcoin on Friday, as well as close to $400,000 in bitcoin on Thursday. Source
At ETHDenver, Weird DeFi Comes Out of Its Shell
CoinDesk’s DeFi reporter shares some perspective on Ethereum’s most optimistic conference to date. Source
Major Reversals From Overnight Action Continue Following Biden Sanction Remarks
Stocks are in rally mode as well, with the Nasdaq – down nearly 3% at its worst levels – currently up 2.4%. The S&P 500 is now ahead 0.6%. Paring earlier gains in a big way is gold, which is off about $100 from the morning hours, and now down 1.15% for the session at $1,888 per ounce. Oil has had a major reversal as well, now at $92 per barrel after having topped $100 earlier. Source
Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault – Bitcoin News
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange Rates As citizens were lining up at ATMs and bank offices on Thursday, the National Bank of Ukraine (NBU) adopted a resolution limiting daily cash withdrawals in local currency to 100,000 hryvnia (approx. $3,350), except…
How a Sovereign Group in Jamaica Is Fighting a US Mining Company
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jamaica was once the world’s leading exporter of bauxite, which is the ore from which aluminum is made, but decades of mining have taken a toll on the land and the people. With reserves depleted, the government is now pushing to move mining operations into the most ecologically sensitive part of the island known as Cockpit Country. The people of Cockpit Country fought off the British in the 1700s and now they’re conjuring the warrior spirit of their ancestors to take that…
USDT premiums soar on Ukraine’s Kuna exchange
Against the backdrop of an ongoing Russian invasion, the price of Tether’s USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) ($1.23) on Ukraine’s Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours. During the same period, mid-market rates from foreign exchange data provider XE indicated that the UAH currency had only surged to a maximum of 29.89 per U.S. dollar. In other words, the conversion rate for USDT was much higher than typical UAH/U.S. dollar transactions. USDT…
High-profile athletes are spending huge amounts on NFTs: Here’s why
Athletes have been known to invest in a range of assets and businesses, but now they’re also getting into cryptocurrency and blockchain. Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement. I just acquired MAYC #10442 from my guy @ishmilly @BoredApeYC Where are my apes at? #mutantapes #mayc pic.twitter.com/LQSQywNOCO — Reece James (@reecejames_24) January…