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…

President Biden Announces Technology Export Controls, Bank Sanctions Against Russia

The U.S. will freeze assets at Russia’s largest banks kept in the U.S., including VTB Bank, a state-owned entity and Russia’s second-largest bank, as well as Sberbank. Similarly, the U.K. announced earlier on Thursday it would freeze any British-based assets belonging to VTB. The European Union is similarly freezing Russian assets and blocking bank access to European financial markets. Source

‘Bitcoin makes no sense for blockchain developers,’ says 1inch Network co-founder

Anton Bukov, the co-founder of 1inch Network, thinks that Ethereum will likely become the main settlement layer for a multi-chain decentralized finance (DeFi) ecosystem.  “There is like a high chance that most of the chains will try to commit their states to Ethereum as a higher layer,” Bukov said in an exclusive interview with Cointelegraph. Bukov, who is number 39 in Cointelegraph’s Top 100 list for 2022, acknowledges that to achieve that, Ethereum needs to solve the scalability issues that limit its transaction output. DISCOVER COINTELEGRAPH’S TOP 100 IN CRYPTO…

NFT projects thrive even as OpenSea trading volumes take a hit

Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion.  While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the integration of NFTs in the metaverse. Adding to this, global political uncertainties are also having a noticeable impact on market environments.…

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