“NFT[s] will not stop Russian missiles, but blockchain technology will contribute to the economic recovery and development of Ukraine,” said Alexander Borniakov.
Ukraine sells CryptoPunks NFT donation for 90 ETH, worth over $100K
The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork back on March 1, 2022.
Third non-EU country, Ukraine, joins the European Blockchain Partnership
With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries.
Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war
According to the CEO, Everstake had made preparations for a “special fund” to tide the firm over in the event of a bear market.
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.
Crypto donations fund ATVs and gas masks for Ukrainian military
Ukraine’s ministry of digital transformation has utilized cryptocurrency and nonfungible tokens, even CryptoPunks, in an effort to fund its military and humanitarian aid.
How blockchain archives can change how we record history in wartime
We are coming into a great age of blockchain technology, but there are limits that need to be solved before decentralized archives enter the mainstream.
Indie Russian news firm raises $250K in crypto after sanctions cripple finances
Russian independent media Meduza has managed to raise $250,000 in funding in order to continue providing unbiased news on the war in Ukraine.
Binance blocks crypto accounts of relatives tied to the Russian government
Binance blocked the account of the Kremlin spokesman’s daughter when she tried to use the exchange following the economic sanctions imposed upon Russia.
‘Ready, steady, NFT:’ Ukrainian government accepts NFT donations
Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war.
Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike
The price of Bitcoin plummeted below $40,000 on Monday, while other cryptocurrencies saw losses, according to Coingecko data.
BTC is trading extremely close to two long-term support levels but has not yet demonstrated any bullish reversal indicators.
This comes as investors remain wary of the situation in Ukraine and the possibility of a US central bank rate increase.
The global cryptocurrency market cap is $1.80 trillion, down 2.04 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 20.13 percent to $65.06 billion.
Suggested Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours
The 50-day and 100-day moving average lines crossed bullishly last week; nevertheless, Bitcoin was unable to maintain the bullish momentum and witnessed a price shakeout.
Later in the week, the price recovered and attempted to break above the moving average lines once more, but was swiftly rejected and fell below the $40,000 level.
Bitcoin Selling Pressure
During the week of April 18-24, BTC prices declined marginally. While the week began with an upward advance that resulted in a local high of $42,976, the price declined in the later part of the week, resulting in a protracted upper wick (red icon). This is interpreted as an indication of selling pressure.
BTC is currently trading considerably below the $42,000 mark. This is a critical long-term level that has served as both support and resistance intermittently since May 2021.
BTC total market cap at $731.41 billion on the daily chart | Source: TradingView.com
“Bitcoin and the majority of cryptocurrencies fell over the weekend as a result of growing tensions in Ukraine on the one hand and the US Federal Reserve’s views on interest rate hikes due to inflation on the other,” Edul Patel, chief executive and co-founder of Mudrex, explained.
Suggested Reading | SEC, Ripple Agree To Extend Legal Battle Until 2023; XRP Bears The Brunt Of Case
BTC Seen To Lose Upward Momentum
Bitcoin currently has a support level of $37,000 and a resistance level of $46,000. According to Patel, crypto investors may see the two major cryptocurrencies, BTC and ETH, lose their upward momentum. ETH is down by 3% and has been trading below $3,000 since Friday.
“If BTC falls below $35,000, the next significant support level will be $30,000. In the following days, we may see range-bound trading,” Patel said.
Meanwhile, the $42K support level for BTC has morphed into a significant resistance level in the shorter timeframes following the price’s failure to break above it.
At the $42K level, selling pressure was visible, resulting in a sharp plunge to the $39K zone, which is currently being tested.
Featured image from Newsweek, chart from TradingView.com
Ukraine bans Bitcoin purchases with local currency amid martial law
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.
Nifty News: Grow-to-earn with Snoop — and is Dorsey’s tweet priceless or worthless?
The first tweet ever sent on Twitter was turned into an NFT and sold by founder Jack Dorsey for $2.9 million, but is pulling about one percent of that in a current auction.
Ukrainian crypto and blockchain firms survive despite ongoing conflict
Executives at nonfungible token service provider Finch are planning to open an office in Miami, while many employees of blockchain firm NEAR have gathered in Lisbon.
Belarus-born crypto platform halts operations for Russians in response to invasion of Ukraine
“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm.
Monero defies crypto market slump with 10% XMR price rally — what’s next?
XMR price cup-and-handle pattern fetches a bold $10,000 price prediction for 2023.
‘I’ve never paid with crypto before’: How digital assets make a difference amid a war
For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis.
Vitalik Buterin quietly donates $5M ETH to aid Ukraine as total tracked crypto donations reach $133M
No official public announcement was made regarding the large sum donation.
UN agency accepts first stablecoin donations worth $2.5M to help Ukrainian refugees
Crypto donations have proven vital for Ukraine and its people, as the country has received over $100 million in crypto donations since the conflict broke out.
‘The cryptocurrency world will help in this war’: Kuna CLO breaks down Ukraine’s digital asset law
According to Ganna Voievodina, Ukraine’s law on digital assets was adopted “just in time” for companies handling crypto and a government looking for tax revenue.