Should Crypto Exchanges Ban Russian Users? Kraken CEO’s Opinion

Amongst the fundamental values of crypto, an important point is having financial freedom for all. Crypto is meant to be an unbiased tool, untied to the strings of governments and banks, a tool against oppression and authoritarianism.

If your money can be taken away from you by regimes and governments, is it truly your money? This is why people nowadays think that bitcoin is the only real money.

But some think crypto exchanges should face a moral quandary: can you be unbiased when it comes to war crimes? Should the platforms comply with economic sanctions?

Related Reading | Binance To Freeze Sanctioned Russians Accounts

Ukraine Asks For Help

Following recent sanctions on Russia, Vice Prime Minister of Ukraine Mykhailo Fedorov asked all top crypto exchanges to block the accounts of all Russian and Belarusian clients, not just politicians.

As Bitcoinist reported earlier, the large exchange Binance agreed to freeze accounts of those on the sanctions list to ensure that all sanctions are met in full, but they will not be blocking the accounts of regular Russian users.

The exchanges Kranken, Coinbase, KuCoin, and others, have responded in similar ways, citing their mission to provide economic freedom. It’s a crucial time to know whether users can trust crypto exchanges to carry the fundamental values many believe in.

On one hand, the exchanges have been heavily criticized for what some people think is putting profit over people.

Strategically, many fear the actions imposed on Russia will not be enough to stop their invasion of Ukraine. The intent to financially asphyxiate Russia sacrifices the balance of the world’s economy (meaning higher inflation) for the good of humanity, and that can be applauded for it also puts the greater wellbeing as a priority by avoiding a much larger war.

But one must also stop to think about all the people who suffer the consequences of the Russian-Ukrainian war. Russian citizens live under an authoritarian regime. The anti-war protests in the country have grown exponentially, and so have the arrests.

Many Russians are ashamed, enraged, and do not have the tools to face their violent and oppressive regime.

These are also the Russians who will suffer from financial sanctions.

Will Exchanges Protect Financial Freedom

After Canada imposed a block on crypto users linked to the anti-vax convoy protests, Kraken CEO Jesse Powell advised users to get their money off exchanges as the platforms can be forced to comply with certain measures, having to freeze assets without judicial consent.

Related Reading | Could Canada Turn Anti Bitcoin? Behind The Layers Of Trudeau

“We cannot protect you. Get your coins/cash out and only trade p2p.”

Now, he responded to Vice Prime Minister Mykhailo Fedorov:

I understand the rationale for this request but, despite my deep respect for the Ukrainian people, Kraken cannot freeze the accounts of our Russian clients without a legal requirement to do so. Russians should be aware that such a requirement could be imminent.

That requirement could come from your own government, as we have seen in Canada, in response to protests, bank runs and attempts to flee the country. It could come from foreign states, like the US, as a weapon to turn the Russian populace against its government’s policies.”

Powell believes most of Kraken’s crypto holders are anti-war because “Bitcoin is the embodiment of libertarian values, which strongly favor individualism and human rights.” But as much support as exchanges can seemingly give BTC, it means nothing when it comes to compliance. Bitcoin offers full financial freedom, centralized exchanges cannot.

Powell says that in the crypto world “arbitrary lines on maps no longer matter” and users “don’t have to worry about being caught in broad, indiscriminate wealth confiscation.”

“Sometimes the hardest thing about having power is knowing when not to use it.”

The CEO claims Kraken focuses on “individual needs above those of any government or political faction,” and added that “The People’s Money is an exit strategy for humans, a weapon for peace, not for war.”

“Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all US accounts. As a practical matter, that’s not really a viable business option for us.”

That is an admirable political and ethical stance to take. However, Powell makes it clear that the platform can be forced to comply. No matter what today’s stance was, an official move of tomorrow might tell a very different story, one that could be disastrous for people, exchanges, and freedom.

This highlights the problem with centralization. If it’s that easy to force you to comply, then what you offer to people at the risky points of history may not be as different from what banks already do.

crypto
Crypto market cap at $1.8 trillion | Source: TradingView.com


Source: Bitcoinist.com
Original Post: Should Crypto Exchanges Ban Russian Users? Kraken CEO’s Opinion

Israel Confiscates 30 Crypto Wallets Allegedly Connected to Hamas (Report)

The Defense Ministry of Israel reportedly seized 30 digital wallets belonging to businesses associated with the exchange company al-Mutahadun. The authorities accused the latter of funding the terrorist organization Hamas.

Israel’s Latest Seizure

In 2021, al-Mutahadun was one of the firms designated as a terrorist-funding entity by Israeli officials. Specifically, they claimed that the Shamlah family-owned company “assists the Hamas terror group, and especially its military wing, by transferring funds amounting to tens of millions of dollars a year.”

According to The Times of Israel, the Defense Ministry, the police, and the military conducted a joint operation, seizing 30 cryptocurrency wallets from 12 accounts belonging to al-Mutahadun. Law enforcement agents revealed that the confiscated digital assets equaled tens of thousands of shekels.

Commenting on the matter was Benny Gantz – Defense Minister of the country:

“We continue to expand our tools to deal with terrorism and with companies that supply it with an economic oxygen pipeline.”

In addition, he praised the actions of all organizations taking part in the operation. “We will continue to work together in order to fight terror by any means and in any way,” Gantz vowed.

This is not the first time cryptocurrencies have been connected with the Israel-Palestine dispute. Earlier this year, the Israeli government seized more than $800,000 worth of digital assets from a firm linked to Hamas.

Hamas Employs Bitcoin and Dogecoin

Last summer, Israel’s National Bureau for Counter Terror Financing confiscated $7.7 million in cryptocurrencies from 84 addresses. Similar to the aforementioned cases, the authorities argued those funds were intended to finance the Islamic terrorist group Hamas.

Per the seizure order, it became clear that the stablecoin Tether (USDT) was the most used digital asset by the organization. Bitcoin (BTC), Tron (TRX), Ether (ETH), and Dogecoin (DOGE) were the other assets in the top five.

The tension between Israel and the Islamic State of Palestine seems to have cooled off recently. However, this was not the case last year when the two sides declared war on each other.

While Israel is among the technologically-advanced market economies and relies on its financial stability, Palestine faces significant issues in that field. As such, the Palestinian Monetary Authority revealed intentions to issue its sovereign digital currency. According to some experts, this effort could grant the state a higher level of financial independence:

“As a result, they [the Palestinians] sometimes have to borrow to cover foreign exchange payments to third parties and are stuck with a glut of Israeli banknotes. That could be one reason a digital currency would be attractive to the Palestinian monetary system.”


Source: CryptoPotato
Original Post: Israel Confiscates 30 Crypto Wallets Allegedly Connected to Hamas (Report)

How SundaeSwap’s community governance plans can benefit Cardano

Cardano‘s native decentralized cryptocurrency exchange (DEX) SundaeSwap has not had an easy start, with several hardships strewn across its way from the beginning. The DEX continues to brave on, however, as it has now laid out the route for it to become a fully decentralized platform through community governance. This, days after its Initial Stake […]
Source: AMBcrypto
Original Post: How SundaeSwap’s community governance plans can benefit Cardano

FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA

ASR, BAR and ACM posted double-digit rallies after the Socios fan token platform partnered with UEFA to bring NFTs and other redeemable perks to European football fans.


Source: Cointelegraph.com
Original Post: FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA

First Mover Asia: The Petroyuan Is No Russia Sanctions Buster; Bitcoin 15% Gain Is Largest in a Year as Investors See Opportunity for Crypto

Source: Coindesk
Original Post: First Mover Asia: The Petroyuan Is No Russia Sanctions Buster; Bitcoin 15% Gain Is Largest in a Year as Investors See Opportunity for Crypto

Crypto Analyst Says Bullish Confirmation Appearing for Bitcoin, Predicts Strong BTC Performance in March

Crypto analyst Justin Bennett says Bitcoin has broken out of a descending channel and is likely ready to rally.

The analyst tells his 98,000 Twitter followers that BTC is posting a bullish confirmation pattern right at the end of the month, taking out the highs of the previous few days.

“BTC bullish confirmation loading. Last day of February, no less.”

Image
Source: Justin Benett/Twitter

Bennett also points out that Bitcoin just witnessed its highest level of volume in seven months, right when it reversed from $34,000, suggesting a strong change in trend.

“The recent BTC 34k low was the highest volume green day on BTCUSDT Binance since late July 2021.

Probably nothing.”

Image
Source: Justin Bennett/Twitter

Bennett says that a daily close above the $39,600 level is key for BTC to ignite the next trend.

“BTC has yet to close above $39,600. That’s the key for a move higher.

Notable events in March include CPI on the 10th and FOMC on the 16th, and of course, any developments surrounding Russia-Ukraine.”

Image
Source: Justin Bennett/Twitter

Bennett has predicted that March will be a bullish month for the top crypto by market cap. Last week, he argued that a BTC rally to $50,000 in March is fully feasible.

“We have two lows down here [$34,700 both in mid-January and this past week]. This is a potential double bottom for the market.

The confirmation for this is not only above $39,600, that’s step one. Step two is a close above $46,000. That’s the high from back here [approximately February 11th], so this would be the neckline of the double bottom pattern.”

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/kkssr

The post Crypto Analyst Says Bullish Confirmation Appearing for Bitcoin, Predicts Strong BTC Performance in March appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Crypto Analyst Says Bullish Confirmation Appearing for Bitcoin, Predicts Strong BTC Performance in March

Here Are the Factors Driving Crypto Market Volatility, According to MicroStrategy’s Michael Saylor

MicroStrategy founder and CEO Michael Saylor is revealing the factors that he believes are contributing to the wild price swings in the crypto markets.

In a new interview with CNBC, the Bitcoin (BTC) bull says that the lack of clear regulations plays a part in the volatility of crypto markets as it allows investors to trade in ways normally not permitted when dealing with stocks and other traditional assets.

“The volatility is driven by the immaturity of the asset class. The lack of wash trading rules – you can buy and sell [crypto assets] within the same hour…I think that’s fairly immature.

I think 20x leverage on the off-shore exchanges, I think the Wild West of crypto derivatives, the cross-collateralization of altcoins into ETH [or] BTC through decentralized finance (DeFi) exchanges on a Saturday night through a very thin piece of liquidity on the 177th-biggest coin all of those things are a recipe for volatility.”

The MicroStrategy executive also says that while the uncertainty around upcoming regulations may cause more volatility at first, it will eventually lower the price instability of cryptocurrencies, setting the stage up for blue-chip investors to begin supporting digital assets.

“The uncertainty about the regulatory environment because as regulation comes it has an impact on all these different crypto systems and they’re all cross-collateralized to each other. I’d be surprised if there wasn’t volatility. It comes with the territory. There are pros and cons.

I think the volatility will be dampened as the regulation progresses and that will encourage institutional adoption.”

I

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Skorzewiak/Natalia Siiatovskaia

The post Here Are the Factors Driving Crypto Market Volatility, According to MicroStrategy’s Michael Saylor appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Here Are the Factors Driving Crypto Market Volatility, According to MicroStrategy’s Michael Saylor

Ukraine Crypto Donations Ramp Up As Binance, Others Join In

Crypto donations to Ukraine have continued to grow as the war rages on. The country has seen the majority of the globe rallying around it against Russia, which many perceive as the aggressor. Given that Ukraine is a smaller country and boasts a weaker military power compared to its opportunity, the country could use all of the help it can get, and millions of supporters worldwide have taken to crypto to make fast donations to the country towards the war effort.

Binance Joins In

Crypto exchange giant Binance has joined the countless number of supporters that have continued to show support for Ukraine. With crypto donations ramping up, the crypto exchange has also thrown its weight behind the country. Its recent donation which boosted the total amount donated to the country has been lauded by those in the space as the exchange takes a clear stand.

Related Reading | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

Binance alone donated $10 million to Ukraine, which was announced on Sunday. It is also launching a crypto-first crowdfunding site that will help the fight against Russia. The exchange explained that the donations would go towards things such as food, fuel, and supplies for refugees, millions of which have been fleeing the country to other countries.

Binance’s $10 million commitment to the Ukraine effort is one of the most significant so far. Focused on the children of the nation, the exchange explained that its latest donation would go towards protecting the 7.5 million children of the country.

Crypto total market cap chart from TradingView.com

Total market cap at $1.6 trillion | Source: Crypto Total Market Cap on TradingView.com

As for the crypto crowdfunding platform, the Ukraine Emergency Relief Fund, Binance has since set it up, kickstarting it a donation of 16,042 BNB (around $6 million).

Ukraine Crypto Donations On The Rise

In what will be a first, the government of Ukraine has turned to crypto donations to raise much-needed funds for the war effort. The crypto wallets which were shared on Twitter had quickly circulated and millions of dollars were raised in the first two days. With the addition of the Binance donation, the amount raised has risen drastically.

Related Reading | Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs

Blockchain technology company Elliptic released a report tracking the progress of the crypto donations which it continues to update. By Sunday, the number of donations was put at $8 million. However, a recent update from the firm factoring in the donation from Binance shows a much higher number. Currently, the total amount donated to Ukraine so far via crypto sits at $19.8 million as of the last update.

Binance is not the only one that has made large donations to the effort in a single donation. Elliptic reports that a Ukrainian NGO had received a single bitcoin donation that was worth $3 million. As time goes on, the total amount of donations received is expected to rise.

Featured image from Binance, chart from TradingView.com


Source: Bitcoinist.com
Original Post: Ukraine Crypto Donations Ramp Up As Binance, Others Join In

US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike

US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike

While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”

Goldman Sachs: ‘Strong Jobs Market and Rising Inflation Could Ignite a Moderate Wage-Price Spiral’


Inflation has been ghastly in 2022 and it may not get better this year, according to a new inflation report stemming from Goldman Sachs economists on Sunday. “The inflation picture has worsened this winter as we expected, and how much it will improve later this year is now in question,” the note from the financial institution explained. Goldman’s note to investors, follows the Consumer Price Index (CPI) report that showed inflation in the U.S. climbed at its fastest rate in 40 years since February 1982.



Goldman’s report on Sunday further disclosed that the financial institution thinks that inflation could rise higher if there’s a disruption to supply chains and energy producers over Ukraine’s conflict with Russia.

“The initial inflation surge might have lasted long enough and reached a high enough peak to raise inflation expectations in a way that feeds back to wage and price setting,” Goldman Sachs analysts said. The Goldman Sachs report further stressed that a strong jobs market coupled with rising inflation could “threaten to ignite a moderate wage-price spiral.”

AIC Economics Professor Says ‘We Got a Perfect Storm Brewing,’ Atlanta Fed President Raphael Bostic Favors a 25 BPS Move in March


Economists and analysts are looking at the U.S. Federal Reserve and are trying to guess what the central bank will do in March. AIC’s professor of economics John Rogers said things will depend on what the Fed decides to do in terms of inflation. “We got a perfect storm brewing,” Rogers told the news desk at wwlp.com. “Inflation is pretty strong at least through the end of the year. A lot of that is what the Federal Reserve is able to do and what happens with this crisis.” The professor continued:

It’s just the geopolitical instability. You’ve seen the stock market highly volatile in the last couple of weeks. Anyone with a 401k plan is probably nervous about. The other big area is energy, it’s a worldwide market and the price of oil goes up around the world, it’s going to affect us as well.


Meanwhile, the Federal Reserve hinted that the benchmark interest rate may increase “soon,” and Fed chair Jerome Powell hinted it would likely be in March. Gold bug and economist Peter Schiff said last week that it’s possible Ukraine’s conflict could make the Fed keep the benchmark interest rate down. “Perhaps, the Fed is relieved that Russia invaded Ukraine as now it has an excuse not to raise interest rates in March,” Schiff tweeted.

Speaking at a Harvard virtual event on Monday, Federal Reserve Bank of Atlanta president Raphael Bostic told the attendees he favors a hike of around 25 basis points. “I am still in favor of a 25 basis-point move at the March meeting,” Bostic told the group of Harvard University students that attended the virtual discussion.

What do you think about inflation worsening in the U.S.? Let us know what you think about the statements from Goldman Sachs, AIC’s professor of economics, and Raphael Bostic in the comments section below.


Source: Bitcoin.com
Original Post: US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike

eBay Could Soon Integrate Crypto Payments on its Platform, Hints CEO

American multinational e-commerce giant eBay is eyeing to integrate crypto payments. In a recent interview, CEO Jamie Iannone said the firm might leap very soon. Primarily, eBay wants to capture the GenZ and millennial audiences.

Appealing to the Younger Generation

eBay is one of the oldest e-commerce corporations. It was founded in 1995. In an exclusive interview with The Street, Iannone said the official announcement for the much-anticipated crypto integration platform could be revealed during the upcoming investor’s day on March 10. According to the exec, the marketplace aims to transform as a go-to place for Gen-Z and millennials.

Iannone said,

“We’re just completing our transition to managing payments where we’re now managing $85 billion of volume on our platform directly. This gives us the ability to open up new forms of payment.”

So far, eBay has enabled Google Pay and Apple Pay on its platform. It has also scored a partnership with a fintech company, Afterpay in Australia, “which is a platform that appeals to Gen Z,” Iannone hinted that now is the time to evaluate other forms of payments. The founder also said he is keen on exploring new avenues.

“And so we continue to evaluate other forms of payments that we should take on the platform. We don’t currently accept cryptocurrency on the platform.”

Big Bets on NFTs

Back in 2014, eBay was considering adding Bitcoin (BTC) as a payment mode to its retail platform. Six years later, Iannone said that the e-commerce giant was in no hurry to other payment options such as cryptocurrency but noted that it wanted to continue exploring more.

Even though eBay is yet to roll out the crypto payment feature, it placed big bets on the burgeoning NFT sector in May last year. As reported by CryptoPotato, the firm enabled the sale of non-fungible tokens (NFTs) on its platform. Only whitelisted sellers were allowed to list and sell NFTs.

eBay wasn’t the only reputed platform to have interfaced with emerging tech like NFTs and blockchain. Online payment processors PayPal and Chinese e-commerce company JD.com also dived into the NFT space last year.

Featured Image Courtesy of Reuters


Source: CryptoPotato
Original Post: eBay Could Soon Integrate Crypto Payments on its Platform, Hints CEO

Ethereum price moves toward $3K, but pro traders choose not to add leverage

ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons.


Source: Cointelegraph.com
Original Post: Ethereum price moves toward K, but pro traders choose not to add leverage

AXS now well-positioned to eye this price level if one scenario plays out

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After hitting its ATH on 6 November, Axie Infinity (AXS) commenced its downturn in a descending channel while the bears kept testing the crucial $46-support.  Assuming the bulls can uphold this support, as they have […]
Source: AMBcrypto
Original Post: AXS now well-positioned to eye this price level if one scenario plays out

US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government

The Treasury Department guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade U.S. sanctions.


Source: Cointelegraph.com
Original Post: US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government

Moledao Kicks off Global NFT Hackathon With Exclusive NFTs

PRESS RELEASE. Moledao presents MoleHack: NFT 2.0 – a global challenge to discover new innovations in the NFT space. In partnership with Bybit, Polygon, BitDAO, iZUMi Finance, Project Galaxy, thirdweb, buildspace, L2Y, Web 3 Collective and more, the hackathon has over $80,000 grants and prizes in total for builders to win.

In conjunction with MoleHack: NFT 2.0, Moledao launched its exclusive web 3 membership NFTs on Project Galaxy for both new and old builders of Moledao. For the new builders of MoleHack: NFT 2.0, the first 50 registrants who submit their completed project will be able to claim a special edition hacker NFT while the Original Mole collection will be claimable for all Moledao Web 3 Hackathon participants and partners. Both batches of NFTs will be claimable in April.

Moledao NFT holders, also known as Moles, are part of an exclusive hidden Mole kingdom that is living in the age of web3. Some benefits include introduction to accelerators, investors, and membership to Moledao’s exclusive community that has access to investors, marketing opportunities, legal help, and more. There will be more upcoming batches of Moledao’s membership NFTs, awarded to those who participate in Moledao’s community events.

Builders will have 1 month to register and submit their projects from 28th February to 28th March 2022. They are invited to create new innovations in the NFT space with the four recommended domains:

  1. Tooling and Analytics – build tools that help to streamline the entire process of creating an NFT project
  2. Infrastructure – create solutions lacking in the current market
  3. DAOs – build new concepts of using NFTs as a social and governance tool
  4. Token Innovations – create interesting use cases for NFTs


MoleHack: NFT 2.0 targets mainly new and early web3 builders. Moledao aims to grow and cultivate early blockchain builders from 0 to 1, and encourages all new builders to participate in the hackathon. As such, only projects which have not raised investments exceeding $100,000, whether through NFT sales or investments, will be eligible for the hackathon.

Ben Zhou, Co-Founder and CEO of Bybit, said, “Innovative NFTs have changed the way ownership, membership, branding, fundraising, and community are built on the internet. It’s a new era where both uniquity and commonality are respected. MoleHack: NFT 2.0 offers developers, designers and entrepreneurs a unique opportunity to discover and realize new innovations in the NFT ecosystem.”

Muskan Kalra, Lead Developer Relations at Polygon, said, “There are still barriers to mass adoption of NFTs despite the huge growth in the space. NFT innovations that can create solutions to the problems in the current market will make it more accessible to the masses. Polygon wishes to partner with such NFT projects to build on the vision that Web3 is for everyone.”

To kick-start the hackathon, Moledao will be hosting a Twitter space on 3 March, Thursday, 1PM (UTC) together with Polygon, L2Y, ResearchDAO, The Block School and more web3 builders to chat on the hackathon theme of NFT 2.0 and explore the future of NFTs beyond JPEGs.

NFTs will remain a popular way to onboard new users to the blockchain ecosystem, which makes innovations all the more important to accelerate the process. Register for MoleHack: NFT 2.0 and join us in building the future of web3 here.

About Moledao

Moledao is digging for undiscovered blockchain talents. It is a social platform for all blockchain enthusiasts to learn about the latest in blockchain, grow and contribute to build more innovative ideas with the help of experienced blockchain pioneers and innovators. It aims to bring blockchain to everyone and grow the ecosystem through education and global hackathons.

For more information, visit http://moledao.io or follow @moledao_io on Twitter.

Contact

Media, Partnerships & General Enquiry: hello@moledao.io

Related Links


 




This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


Source: Bitcoin.com
Original Post: Moledao Kicks off Global NFT Hackathon With Exclusive NFTs

Could rising Turkish lira/stablecoin trades affect ‘real economic activity’

All over the world, COVID-19 and geopolitical tensions have amped up the rate of crypto adoption – and especially so in emerging economies. While a crypto investor in America or Western Europe may not think these changes can affect them, BIS’ quarterly review makes it clear that “cryptoisation” in emerging economies has the potential to […]
Source: AMBcrypto
Original Post: Could rising Turkish lira/stablecoin trades affect ‘real economic activity’

Dapper Hires 2 Execs as NFL NFT Marketplace Debuts to $5M in Sales

The NFL All Day maker is adding an SVP of engineering from Dropbox and a CFO from Recharge Payments as the company’s football marketplace goes live.
Source: Coindesk
Original Post: Dapper Hires 2 Execs as NFL NFT Marketplace Debuts to M in Sales

Ukraine Asks Binance, Coinbase, 6 Other Crypto Exchanges to Block Russian Users

Source: Coindesk
Original Post: Ukraine Asks Binance, Coinbase, 6 Other Crypto Exchanges to Block Russian Users

Ethereum’s lowering gas fee could be a dangerous indicator for its price; here’s why

Throughout the previous year, Ethereum‘s rising gas fee was among the biggest concerns of the cryptocurrency industry. Well, especially due to Ethereum’s major role in DeFi and NFTs. The rising gas fees had inadvertently led to more congestion. Hence, higher transaction time and costs. Ethereum’s development team has been breaking necks over fixing these issues. […]
Source: AMBcrypto
Original Post: Ethereum’s lowering gas fee could be a dangerous indicator for its price; here’s why

Ebay CEO Talks NFTs and Crypto, Exec Says Company Continues to ‘Evaluate Other Forms of Payments’

Ebay CEO Talks NFTs and Crypto, Exec Says Company Continues to 'Evaluate Other Forms of Payments'

The president and chief executive officer of Ebay, Jamie Iannone, discussed the possibility of digital currency acceptance on the online auction website and non-fungible token (NFT) sales in a recent interview published on February 27. Iannone stressed that currently, Ebay doesn’t accept cryptocurrencies but in March, the company plans to go “deeper on all of these things, payments, advertising, our focus categories.”

Ebay CEO Jamie Iannone: ‘Without Any Official Announcement, People Started Trading NFTs on the Platform’


There are a few online business giants such as Amazon and Ebay, that crypto supporters hope someday may support cryptocurrency payments in the future. Ebay has been the topic of conversation for years as crypto advocates believe digital assets and the online auction platform would benefit each other a great deal. On May 11, 2021, Bitcoin.com News reported on Ebay allowing NFT sales on the auction site. During his interview with The Street, Ebay CEO Jamie Iannone explained that the NFT sales simply materialized without much thought.

“We did change our policies last year so that you could trade NFT on the platform and essentially, you know, Ebay is a place where people have something to sell and people have something by show up,” Iannone said. “Even without announcing anything or doing anything, people started trading NFTs on the platform. It reminded me of many years ago when people just started selling cars when we didn’t even have a vehicle business at that point. So we’re seeing the same type of thing,” the Ebay executive said.

Ebay to Look ‘Deeper’ Into Alternative Payments in March


The Ebay CEO’s interview then turned to digital currency acceptance and Iannone highlighted that the company continues to “evaluate other forms of payments that we should take on the platform.” Iannone detailed that the company has a focus on the youth and trends like the collectible sneaker industry. After being questioned about crypto acceptance, Iannone remarked that “[Ebay is] not accepting crypto currently.” However, the auction website CEO added:

On March 10, we’re going to go deeper on all of these things, payments, advertising, our focus categories.


Ebay continues to be a giant in the world of online sales with $10.27 billion in revenue recorded in 2020. The revenue is large but much smaller than the $386.1 billion Amazon raked in that year. Iannone concluded that Ebay will continue to be a prominent business where people exchange goods online. “Ebay will be the place where people trade goods, whether they be physical or digital,” Iannone explained. “So over time, you know, we want this to be the marketplace for sustainability.”

What do you think of the Ebay CEO’s recent comments about NFTs and evaluating other forms of payments? Let us know what you think about this subject in the comments section below.


Source: Bitcoin.com
Original Post: Ebay CEO Talks NFTs and Crypto, Exec Says Company Continues to ‘Evaluate Other Forms of Payments’

Institutions Pour $36,000,000 Into Bitcoin, Ethereum and One Additional Altcoin As Market Volatility Skyrockets: CoinShares

Digital asset manager CoinShares says institutional investment in crypto assets hit $36 million last week as Russia’s invasion of Ukraine rocked global markets.

In the latest Digital Asset Fund Flows Weekly report, Coinshares says institutional inflows from the Americas canceled out last week’s European outflows.

“Digital asset investment products saw inflows totaling US$36m last week despite the ongoing turmoil in Eastern Europe and the anticipated negative sentiment. Interestingly, volumes in Bitcoin crypto exchanges that trade the RUB/USD pair have seen volumes rise by 121% week-on-week.

Regionally, flows have been, one-sided, with the Americas seeing inflows (notably Canada & Brazil) totaling US$95m while European investment products saw outflows totaling US$59m last week.”

According to CoinShares, this marks the sixth week of investment inflows into digital asset products.

Source: CoinShares

As usual, the leading crypto by market cap Bitcoin (BTC) enjoyed the lion’s share of inflows, followed in turn by the second-leading crypto by market cap, Ethereum (ETH).

“Bitcoin saw inflows totaling US$17m last week, entering its 5th consecutive week of inflows totaling US$239m. Ethereum saw minor inflows totaling US$4.2m.”

Breaking recent inflow trends, Solana (SOL) and Litecoin (LTC) suffered outflows this week, along with most of the altcoin market. According to CoinShares, up-and-coming smart contract platform Tezos (XTZ) was the only digital investment product to defy the outflowing altcoin markets.

“Unusually, most altcoins saw minor outflows last week. Solana and Litecoin were the primary focus of negative investor sentiment with outflows totaling US$2.6m and US$0.5m respectively.

Tezos was the only altcoin investment product to see inflows which totaled US$4.4m…”

The full CoinShares report can be read here.

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/CHIARI VFX/Mia Stendal

 

The post Institutions Pour $36,000,000 Into Bitcoin, Ethereum and One Additional Altcoin As Market Volatility Skyrockets: CoinShares appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Institutions Pour ,000,000 Into Bitcoin, Ethereum and One Additional Altcoin As Market Volatility Skyrockets: CoinShares