Technology
Legal
Why Russia can’t use crypto to evade sanctions
Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.
Culture
Ukraine post DOT address, hence Polkadot’s Gavin Wood donates $5.7M
Yesterday, after the official Ukrainian Twitter account posted BTC and ETH addresses for donations, Polkadot founder Gavin Wood tweeted he’ll donate $5 million if Ukraine posted a DOT address. In a remarkable turn, this is exactly what happened.
Analysis
Bitcoin hits $41k as Russian ruble plummets in value
After recovering fairly well at the end of last week, bitcoin fell down below $39,000. Since then, the price of bitcoin has seen a strong recovery trading above 41,000.
People
Polkadot’s Gavin Wood to donate $5M to Ukraine, if they post a DOT address
As donations are pouring into various charities to support Ukraine, people are lining up to contribute. In a rather criticized tweet, Gavin Wood, co-founder of Ethereum, and founder of Polkadot, offers $5 million to Ukraine under the condition they post a DOT address.
Legal
Russia SWIFT sanctions “picked carefully” to avoid German energy crisis
As Western countries have agreed on imposing restrictions cutting off Russian banks from the SWIFT global payment system, affected Russian banks are “picked carefully” to minimize potential energy crises.
Analysis
LUNA rallies, Bitcoin jumps above $39k as war in Ukraine continues
While the war in Ukraine continues after the Russian invasion yesterday, today crypto markets are in the green regaining much of the loss caused by the outbreak of the war. Bitcoin is again above $39,000, but the big winner is Terra’s LUNA token.
DeFi
Yearn launches its first Ethereum layer-2 service on Arbitrum
DeFi dapp Yearn has completed its first launch of its service on an Ethereum layer-2 network. Yearn chose Arbitrum for the first step into layer-2, more will follow.
Regulation
SEC plans to 10x the definition of “accredited investor”
The SEC is considering raising the threshold for who can be considered a so-called “accredited investor”. The proposed limit at $10 million would make it even harder for ordinary people to invest in startups.
Payments
75% of customers want to shop with crypto
A recent study conducted by crypto exchange Crypto.com reveals that 75% of their customers want to purchase goods and services using cryptocurrencies. 60% of merchants are on the same page.
Analysis
Analysts: Inflation will go down, act accordingly
The U.S. inflation rate is at its highest point since 1982, and the response from the Federal Reserve will be a series of interest rate hikes, which will have its effect pushing inflation down. But inflation will “win” in the long run, according to analysts.
Analysis
Bitcoin bounces back, markets worry less about Russia-Ukraine crisis
After a weeks-long bearish trend, bitcoin and the overall cryptocurrency market bounced back on Wednesday. The crypto market is showing renewed confidence after dipping in response to ongoing Russia-Ukraine tensions.
Hacks
He’s the DAO hacker, doxxed in new book
In a newly published book, crypto journalist and author Laura Shin discloses the name of the alleged so-called DAO hacker who stole 3.64 million ETH in what’s probably the most infamous hack in all of crypto history.