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Day: February 25, 2022

Ethereum Mining Pool Flexpool Halts All Services to Russia in Wake of Ukraine Invasion

The pool is possibly the first of its kind to cut services to Russian users. Flexpool, the world’s fifth-largest Ethereum mining pool, became possibly the first of its ilk to cut services to Russian users following the country’s invasion of Ukraine. The move was taken to show solidarity with Ukraine. “We generally do not get involved …

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Rakuten launches NFT marketplace to capitalize on growing adoption in Japan

The explosion of NFT popularity in 2021 is continuing apace in the new year. Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT. The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of nonfungible tokens worldwide. According …

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FOOD CHAIN EVERBOWL TO LET EMPLOYEES GET PAID IN BITCOIN

The California-based business said the move aims to provide an alternative savings vehicle for its employees. Corporate employees of superfood chain everbowl now have the option to receive a portion of their salaries in bitcoin, the company said in a press release Wednesday. “We are proud to be at the forefront of exploring how Bitcoin

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Reported First Real Estate Purchase Made With Bitcoin in Chile

Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bitcoin, happened last year. Such purchases have also already happened in other countries like Colombia, Mexico, and Venezuela. Remax Announces …

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Russian billionaires’ treasures invaded, $39 billion wiped off from richest people’s wealth as market tanks

The richest person in Russia Vladimir Potanin’s wealth slumped by about $3 billion and his net worth stood at $26.1 billion. (File Photo: Bloomberg) The list of individuals include the richest person in Russia – Vladimir Potanin, the Russian oligarch, who was also the first deputy prime minister of Russia. His wealth slumped by about …

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Ukrainian central bank suspends electronic cash transfers, bolstering the use case for crypto

KEY POINTS Ukraine’s central bank is cracking down on digital money transfers in one of the latest measures implemented in connection with a nationwide declaration of martial law. Kuna, a popular Ukrainian crypto exchange, shows that Ukrainian buyers are paying a premium for Tether’s USDT stablecoin, which is pegged to the price of the U.S. …

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$500K IN BITCOIN DONATIONS FLOW TO UKRAINE AS RUSSIA INVADES

Over 14.5 BTC have been donated on Thursday to one of the largest organizations supporting the Ukrainian military. Bitcoin donations to Ukrainian armed forces have soared following the Russian President’s commands to invade the neighboring country. Over 14.5 BTC worth more than $550,000 have been donated so far on Thursday to one of the largest …

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Monster Energy files NFT and metaverse trademark applications

The beverage maker has filed a total of four trademarks with the United States Patent and Trademark Office. According to recent filings with the United States Patent and Trademark Office (USPTO), Monster Energy has four pending trademark applications related to the nonfungible tokens (NFTs) and metaverse realms. The first trademark application consists of downloadable virtual goods …

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Pussy Riot And Trippy Labs Launch Ukraine DAO

A DAO has come together to support the civilian population of Ukraine, under the guidance of Pussy Riot, Trippy Labs, and PleasrDAO.   Pussy Riot shows solidarity with Ukraine On their band’s official Twitter account, Pussy Riot co-founder Nadya Tolokonnikova announced that Ukraine DAO seeks to raise money in order to purchase an NFT of the Ukrainian …

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USDT Sees Rise on Ukraine’s Kuna Exchange Following Russia Attack

The price of Tether’s USDT stablecoin soared to 36.97 Ukrainian hryvnias (UAH) ($1.23) on Ukraine’s Kuna exchange on Thursday. The rise in Tether’s USDT stablecoin Kuna exchange was due to the ongoing Russian invasion of Ukraine. In the past 24 hours, the total trading volume of all cryptos on the exchange amounted to about $4.4 …

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