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Loot’in Putin: Russia Could Order Seizure Of Personal Funds From It’s Citizens Bank Accounts, Bitcoin Fixes This​

In the face of international political strife, during the midst of a situation that could lead to a global conflict, and at a time when the Russian ruble is tumbling so much that the government might start seizing citizens funds from banks, Bitcoin is rallying.

Crypto Donations Pile Into Ukraine Raising More Than $5 Million

As the world continues to reel from the recent military invasion of Ukraine by Russian military forces, the crypto community is stepping up to offer aid to bothe the Ukrainian people and their military forces. Cryptocurrency donations, including Bitcoin and various altcoins, have been pouring into the country. Since the first incursion of Russian forces into Ukraine, more than $5 million in cryptocurrency has already been raised, according to blockchain analytics firm Elliptic.

Opportunistic Ethereum Whales Accumulated Over 4M ETH During 2022 Price Dips

Ethereum, the highly touted cryptocurrency and second-largest digital token by market capitalization, has put crypto whales in a feeding frenzy thus far through 2022. With several market dips having already occurred related to crypto bans and new regulations, dismay relating to the Russia Ukraine confrontation have put markets back into the red, creating yet another buying opportunity.

Phishing Scam Targets Binance As Fraud Clears $400M From Crypto Markets In 2022

2022 has seen several large-scale hacking and phishing scams target the crypto community resulting in losses of nearly $400 million from the market. On Wednesday February 2, a security vulnerability was exposed within the Wormhole token bridge resulting in the loss of 120,000 Wrapped Ether (wETH) tokens worth approximately $321 million and almost $34 million in crypto assets were stolen from Crypto.com following a security breach on January 17. Now, Binance CEO Changpeng Zhao is alerting the crypto community to a “massive” SMS phishing scam targeting Binance customers as the crypto community is hit with yet another wave of fraud. 

Valkyrie Is Digging For Bitcoin Mining ETF

Crypto asset firm Valkyrie Investments has just submitted filings with the SEC to list a Bitcoin mining-focused exchange-traded fund on the Nasdaq. Valkyrie’s proposed ETF would invest a minimum of 80% of its net funds into stocks of domestic and foreign companies that generate at least 50% of their revenue from Bitcoin mining and related operations including the production of specialized mining chips, hardware, and software to support the industry. 

Street Signals Point To Potential End Of Satoshi Sale As Bitcoin And Ethereum Close Out Monday With Significant Gains

After a short reprieve over the weekend, cryptocurrencies continued their dramatic and prolonged slide on Monday, culminating in bitcoin losing nearly half of its value since it hit record highs last November. 

The Year Of The Crypto: AntGroup Chinese New Year NFTs, Hangzhou To Promote Digital Yuan Ahead Of 2022 Olympics, JD Launching Digital Yuan Hardware Wallet Support

To kick off the traditional Chinese New Year, Ant Group, an affiliate company of the Chinese Alibaba Group and owner of China’s largest digital payment platform Alipay, will be promoting a large number of digital collectibles that have quite a lot in common with non-fungible tokens (NFTs).

Altcoins Hit Hard In Recent Crypto Sell-Off As Bitcoin And Ethereum Post Large Losses

As the current crypto bloodbath continues, Altcoins are feeling the brunt of selling pressure, suffering double-digit losses in recent trading sessions. Altcoins enjoyed a recent price surge in the past weeks but have quickly experienced a correction giving up most of their gains. However, altcoins weren’t the only tokens to experience large declines. Bitcoin is down over 10% falling below $40k and Ethereum is down nearly 15% trading in the $2,700 range. 

Iron Hammer, Paper Hands: Russia Jumps On Crypto Ban Wagon, Moves To Outlaw Crypto Mining And Investment

On Thursday, Russia’s Central Bank launched a proposal to ban both cryptocurrency investments and mining, joining in a chorus of governments around the world cracking down on digital currencies while highlighting the various threats cryptocurrencies pose to monetary stability and private citizens.