Day: February 28, 2022

Ukrainians Rush to Trade Crypto Due to Currency Controls

Quick take: Crypto trade volume on the Ukrainian crypto exchange of Kuna spiked by 220% on February 24th The increment was the result of the Ukrainian Central bank suspending e-money transfers The daily trade volume on the Kuna Exchange has since stabilized to normal levels around $1.7 million Citizens and residents of Ukraine have turned to Bitcoin and other cryptocurrencies as a result of the country’s Central Bank suspending the use of e-money transfers. According to data from CoinGecko, trade volume on the Ukrainian crypto exchange of Kuna spiked by…

Blockchain-Powered Game WonderHero Sees Average Player Incomes Reach $1,215 Within Weeks Of Launch

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As the most recent advancement in the gaming industry, the concept of play-to-earn (P2E) gaming has garnered mainstream popularity, especially as gamers seek new income opportunities during the pandemic. Through P2E, individuals can generate passive returns while playing certain games. The concept has become so popular that scattered cases have emerged worldwide whereby players earn more than their ordinary salaries, leading to an unprecedented rise in the number of P2E games and players alike. Among the flood of play-to-earn games, WonderHero, a recently launched P2E Mobile RPG, has turned out…

BlockWallet Officially Launches a Privacy-Oriented Wallet for the DeFi Market

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BlockWallet has officially launched its privacy-oriented wallet for the burgeoning Web 3.0 ecosystem. This non-custodial wallet is compatible with several browsers, including Google Chrome, Microsoft Edge, Brave and Opera. As per the announcement, BlockWallet will introduce privacy features for users in the DeFi market. This will enable anyone to send funds anonymously while concealing their financial status (account balances). A feature that is lacking in popular non-custodial wallets such as Metamask. The project’s CTO Iman Hossini commented on the launch, noting that privacy is a core feature in setting the…

Bitcoin Volumes Surge As Ruble Plummets

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The cryptocurrency craze has spread to countries across Europe as people search for ways to protect their money from war-torn nations. Data from the crypto tracking site Kaiko shows that ruble and Ukrainian hryvnia-to-crypto volumes have shot up in recent days, reaching multi-month highs. Related Reading | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning The data show that trading volumes in the ruble-bitcoin (BTC-RUB) pair are at historic high levels. Last time we saw the same level was in May 2021. The increase in Ruble-denominated Bitcoin (BTC) trade volumes…

Neo users explain why they’ve held on to the project despite China’s heavy crypto crackdown

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It’s been a wild ride for Neo investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations applicable to the project, which has been dubbed by some as “Ethereum of China.” But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of the Neo N3 mainnet last year.  As told by Neo investors Lucas and Jiří, who spoke to Cointelegraph, they were not expecting such…

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How NFTs and the Metaverse Can Help Save the Planet – Metaverse Bitcoin News

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The head of a leading South Korean cryptocurrency exchange has recently promised that its non-fungible tokens featuring the world-famous K-pop band BTS will be minted by “low carbon, eco-friendly” technology after receiving backlash from environmentally conscious young fans about the energy use of NFTs. Wait a minute, environmentally conscious people. NFTs and the metaverse are not environmentally unfriendly technologies. To the contrary, they can save the planet and bring humankind a much greener future. The Crypto Mining Required for Minting Supports the Development of Green Energy South Korea is not…

Authtrail Launches Invitation-Only Community Round To Allocate 30 Million $AUT Tokens

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Authtrail, the Moonbeam Network-based data integrity SaaS platform, has revealed its first invitation-only community round token event to spark even more widespread adoption of its platform. Per the Authtrail team, this community round is a one-time opportunity for investors and contributors to acquire the platform’s native $AUT token at a lower price than the upcoming public crowd sale. Following its successful fundraising round in 2021, where it raised $3.6 million from a multitude of investors and venture capital firms, the Authtrail team aims to raise as much as $6 million…

Bitcoin rebounds over $41K after painting a ‘bullish hammer’ — Can BTC hit $64K next?

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Bitcoin (BTC) rallied above $41,000 on Feb. 28 in a new sign of buying sentiment returning after last week’s brutal selloff across the risk-on markets, including the S&P 500. BTC’s price jumped by over 9% to reach $41,300 in part as traders reacted to the ongoing development in the Russia-Ukraine crisis. In doing so, the cryptocurrency briefly broke its correlation with the U.S. stock market indexes to perform more like safe-haven gold, whose price also went higher in early trading Monday. BTC/USD versus XAUUSD and S&P 500 daily price chart.…

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