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President Putin’s Comments on Potential Bloodshed in Ukraine Sending Bitcoin And Ethereum Crashing

Mark Brennan
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President Putin’s Comments on Potential Bloodshed in Ukraine Sending Bitcoin And Ethereum Crashing

As tensions between Russia and Ukraine heighten, prices of global assets have suffered huge losses. 



The crypto market was on the receiving end of recent developments in the Russia-Ukraine tension, as they continued to shred a significant percentage of their values in the last seven days. 

Several digital assets, including Bitcoin (BTC) and Ethereum (ETH), were first affected by the news of Russia sending over 150,000 troops to the borders of Ukraine last week.  

However, things became worse in the early hours of today after the Russian president, Vladimir Putin, commented on an imminent crisis in a televised speech to the nation. 

“As for those who captured and are holding on to power in Kyiv, we demand that they immediately cease military action. If not, the complete responsibility for the possibility of bloodshed will be fully and wholly on the conscience of the regime ruling the territory of Ukraine,” President Putin was quoted as saying. 

Putin further declared support for Eastern Ukraine’s independence in the speech, which sent the price of crypto assets crashing. 

Reuters writes:

“Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognizing them as independent on Monday, accelerating a crisis the West fears could unleash a major war.”

With Russia’s announcement of support for the independence of eastern Ukraine, in the past 12 hours, Bitcoin fell below $37,000.

Bitcoin & Ethereum Dip 13% in Seven Days

In the last seven days, both Bitcoin and Ethereum have dipped over 13%, respectively, while the prices of other cryptocurrencies were not spared in the aftermath of Putin’s comments. 

Bitcoin, which had rebounded $39,000 yesterday, fell below $37,000, subsequently sending shock waves to investors. 

With Bitcoin suffering a loss of over 6% in the last 24 hours, investors fear a repeat of the January crash is imminent when the price of BTC dipped below $33,000.  

Similarly, Ethereum, the world’s second-largest cryptocurrency, was not spared. ETH, which rebounded at $2,700 yesterday, traded around $2,500 earlier today, representing an 8.3% dip within the last 24 hours. So far, Ethereum has been down over 13% in the previous seven days.  

XRP, ADA, SOL & BNB Dip Over 9%

Meanwhile, the dip’s impact was mainly felt by the altcoins in the top 10 ranking by market capitalization. 

In the last 24 hours, Binance Coin (BNB) dipped 9.6%, Ripple (XRP) lost 14.6%, Cardano (ADA) suffered 15.8%, while Solana (SOL) and Terra (LUNA) crashed 13.9% and 3.9%, respectively. 

Stock futures fell sharply on Monday night as traders monitored brewing tensions between Russia and Ukraine.

Futures tied to the Dow Jones Industrial Average were down by 542 points or 1.59%. S&P 500 futures slid 1.83%, and Nasdaq 100 futures were off by 2.46%. Oil prices rose 2.89% to $93.70 per barrel.

Bulgarian Stock Exchange Adds Eight Bitcoin And Ethereum ETNs

Mark Brennan
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Bulgarian Stock Exchange Adds Eight Bitcoin And Ethereum ETNs

The Bulgarian Stock Exchange (BSE) has added eight ETNs based on Bitcoin and Ethereum to traded instruments.


 

Local media Money.bg report that the BSE has followed the lead of European exchanges. The launch of ETNs is being implemented jointly with Deutsche Börse and market maker Tradegate.

BSE Executive Director Manyu Moravenov explained that the ETNs would allow the purchase of Bitcoin and Ethereum without creating and owning crypto wallets and cryptographic keys.

Moravenov said:

“With the new products of BSE International, we meet the increased market interest in crypto instruments. We are pleased to be able today to offer an alternative asset for trading in cryptocurrencies, making the process easier and simpler for all interested investors.”

Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, was also excited by such a development and tweets to let the crypto community know about the widespread adoption of crypto.

CZ Binance tweeted, “Bulgaria Stock Exchange Lists Bitcoin and Ethereum ETNs.”

 

According to the money.bg, Finance Minister Assen Vassilev said that the country is exploring introducing a crypto payment mechanism. The matter is being discussed with the country’s Central Bank and representatives of the finance industry.

South Korea Bank Launching Country First Cryptocurrency ETF

Mark Brennan
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South Korea Bank Launching Country First Cryptocurrency ETF

South Korean Kookmin Bank announced plans to launch the country’s first cryptocurrency exchange-traded fund (ETF) to provide customers with the opportunity to invest in digital assets.



Kookmin Bank announced a specialized division of the bank, the Digital Asset Management Committee, to develop the cryptocurrency investment instruments and the bank’s strategy for digital assets.

In addition, the scope of activities of the new division will include the assessment of potential risks and verification of the compliance of investment products according to country laws.

The bank plans to launch cryptocurrency ETFs and futures products shortly. If the project is successful, Kookmin Bank will become the first South Korean bank to offer retail investors the opportunity to invest in crypto assets.

Kim Hong-gun, Director of the Kookmin Bank Structural Unit, said:

“We plan to launch a cryptocurrency ETF as soon as possible. In addition, a conference on virtual assets for our clients is coming along with the publication of magazines guiding about blockchain technology.”

Also, options are being considered by Kookmin Bank to prepare a comprehensive plan for the use of virtual assets in the pension savings and insurance market.

The bank is considering crypto products after international consulting company Boston Consulting Group (BCG) published its report on the stable and rapid growth of the cryptocurrency market in South Korea. According to the report, by 2026, the volume of the cryptocurrency market in the country will reach 1,000 trillion won (about $835 billion).

Dogecoin Flips Ethereum To Become Most Traded Cryptocurrency Among Top 1,000 BSC Wallets

Albert Brown
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Dogecoin Flips Ethereum To Become Most Traded Cryptocurrency Among Top 1,000 BSC Wallets

Dogecoin becomes the most traded token among the top 1000 BSC wallets.



Popular dog-themed cryptocurrency Dogecoin (DOGE) has recorded a significant feat, as the token became the most traded digital currency by the top 1,000 BSC wallets in the last 24 hours, Whale Stats reports today.

According to Whale Stats, a cryptocurrency on-chain metric provider, the development saw Dogecoin flip Ethereum as the most traded cryptocurrency among the top 1,000 biggest Binance Smart Chain wallets. 

Following the recent milestone, the top 1,000 BSC wallets held a combined 324,950,073 (324M) DOGE, worth over $46 million at the time of writing. 

Dogecoin Price Signals Buying Opportunity 

In recent times, Dogecoin, which has fallen over 81.4% since it peaked at around $0.73 in May 2021, is considered to be in the buy zone. 

In the last 24 hours, Dogecoin reached a high of $0.141. However, the coin’s value has shredded a slight 0.1% of its value ever since and is currently changing hands at $0.137. 

With whale investors not wanting to miss this enormous opportunity presented by the current value of DOGE, they have continuously traded dog-themed cryptocurrency across various exchanges, including Binance and PancakeSwap. 

Meanwhile, earlier today Dogecoin’s pseudonymous founder, Shibetoshi Nakamoto, lamented the constant calls by DOGE enthusiasts to burn the token and also cap its supply, in a bid to boost its value. 

Top 1000 ETH Wallets Now Holds $2.2 Billion Worth Of Shiba Inu

Mark Brennan
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Top 1000 ETH Wallets Now Holds $2.2 Billion Worth Of Shiba Inu

Ethereum whales are crazily grabbing Shiba Inu.



The top 1000 ETH wallets now hold $2.2 Billion worth of Shiba Inu.

Low shib prices are making the whales buy and hold more shib. Shib is trading at $0.0000258, up 1.30% In the last 24 hours.

Currently, Shiba represents 22% of the top 1000 eth wallets holding. Sihb was able to flip FTX tokens in whales holdings; the top 1000 whales hold $1.47 Billion worth of FTX tokens representing 14.7% of their holdings. Due to market uncertainties, whales are also converting their holding into USDC and USDT. The top 1000 eth wallets are holding $1.11 Billion worth of USDC and $650 million worth of USDT.

Today, the whale ranked #15 by the whale stat made the most significant purchase. According to Whale Stats, an Ethereum whale was reportedly bought 47,743,646,900 (47.7 Billion) SHIBs worth around $1,275,710 ($1.27M) in the early hours of today.  The Ethereum whale paid an aggregate price of $0.000026719 for a unit of SHIB.

Despite market uncertainty, the Shiba Inu ecosystem and its community are growing on a daily basis. Recently British top-rated Financial Company ‘Revolut’ with millions of users silently listed SHIB on its trading platform, along with Australian Company LaborX All set to Add Shiba Inu As Payment Method, where users can Complete Tasks to Earn Shib.

 

FreedomDAO ($Free): The Best DAO To Free Your Wealth

Mark Brennan
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FreedomDAO ($Free): The Best DAO To Free Your Wealth

Let’s talk about this; despite its significant volatility, cryptocurrencies can help investors develop wealth over time, mainly if they invest in digital coins over a long time. According to a recent survey by NORC at the University of Chicago, 13% of Americans had bought or exchanged cryptocurrencies in the past year. It is a fact that more and more people join in the cryptocurrency, spending days and nights finding the best project to put their money. What if there is a project that has the objective to help everyone achieve financial freedom, and you can be the one to control your investment instead of the project team? FreedomDAO can do that!

What is DAO, and what does it do?

A Decentralized Autonomous Organization (DAO) is a self-managed entity without central leadership. Therefore, every decision is made by proposals voted on over a set period. In most cases, consumers participate in a DAO by owning the project’s token. Because of that, DAOs can have a wide range of objectives. For example, a DAO can be established for freelancers to pool funds or for a charity to authorize donations. DAOs have a significant advantage over traditional financial transactions because they do not require participants to trust one another.

Freedom of Wealth DAO (FOWD): For everyone, anyone.

Freedom Of Wealth DAO is not under the control of project parties or teams. The initial token issuance will be distributed through donations, allowing user redemption, increased liquidity, and ongoing project developments. They want to develop an utterly decentralized community experiment, with no project parties or teams in charge, and the initial token distribution is done through donation.

However, of course, FOWD is not the only DAO project in the market trying to revolutionize and make an impact. But, in terms of features, benefits, and other factors, how do different DAOs compare to one another?

Comparing Popular & Well-Known DAOs

Before we begin, each project has its own set of qualities, values, and goals. However, to provide a more comprehensive picture, we will compare some aspects between projects.

First, once a donation is received in FOWD, the team will send $FREE to the donor. There will be no developer allocation, VC funds, and funds or awards for any project parties or team developers. As a result, the project is wholly decentralized and genuinely belongs to the members. Compared to other DAO projects such as Assange DAO, which successfully raised over $4,880 but did not distribute $JUSTICE tokens to its members immediately, FOWD is more member-friendly. It takes care of the members’ benefits because FOWD is always for everyone in the crypto world, including the ordinary, not just for someone.

Furthermore, to protect FOWD members, 50% of donations will always be locked in the liquidity pool as a reserve for the project, preventing the price from dropping to zero. Constitution DAO was a lovely single-purpose DAO experiment. The community has completed all of the tasks for which it was formed: it has raised funds, bid at Sotheby’s, and, after losing, is now providing full refunds to the community as promised.

$PEOPLE has demonstrated DAO’s capabilities, and it’s the same method that FOWD is complimenting. FOWD intends to provide a fresh round of wealth independence and abundance opportunities to more cryptocurrency newcomers and ordinary people in such a situation.

One of the attractive aspects of the DAO project is that it uses community power while also giving back to it. Similarly, the community’s ability has been demonstrated by SHIB’s meteoric rise. The $SHIB community is the one that has a stronghold on the tokens, which has caused the price to climb. There are numerous projects with the term DAO, but how many of them have transparent tokenomics and mechanisms that demonstrate that everything is decentralized and transparent? FOWD has a clear vision: they want to ensure that everyone in the cryptocurrency field can be wealthy and free. No one will profit from the contributing community with their system; hence it is nearly impossible for members to lose money by donating.

Freedom of Wealth DAO (FOWD): The true DAO project.

Every DAO has its advantages and disadvantages, with features tailored to the specific project aim. However, Freedom DAO is one of the few protocols with a token mechanism capable of providing the most outstanding service to its members.

In essence, FOWD is an entirely decentralized project with a method that has demonstrated that no project team will be able to govern it. All donations go toward member redemption, liquidity, and the development of FOWD products and services. With that, it provides an excellent opportunity for everyone in cryptocurrency to be wealth freedom, like it aims to be.

FOWD has the potential to be one of the best DAO initiatives on the market. Until now, numerous cryptocurrency influencers have been following the project, and it may soon overtake Assange DAO as the most outstanding project for investors to keep a close watch on. Do not miss the chance and start following FOWD now!

Learn more about Freedom of Wealth

Website — https://www.freedomdao.app/donate

Twitter — https://twitter.com/FreedomofDao

Medium — https://medium.com/@FreedomDAO

Facebook — https://www.facebook.com/Freedom-DAO-105705838675961

Instagram — https://www.instagram.com/freedomdao3_3/

Telegram: https://t.me/FreedomofDaoEnglish

YouTube –https://www.youtube.com/channel/UClSmPmNIhVgRGYDpAl8wU3g

 

Launch of NFT Marketplace by BitForex

Mark Brennan
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Launch of NFT Marketplace by BitForex

We guess there’s a small bunch of people that haven’t heard about CryptoPunks or BoredApes. Wait a minute, are you one of them? Hopefully, not. Until recently, the NFT term was only accepted by a small community of crypto and tech geeks. However, things have changed in the blink of an eye as there has been a surge in interest in non-fungible tokens (also known as NFTs).



The main mission of NFT is to prove the ownership of digital assets. As a new phenomenon, people are already cashing in on the excitement around them. Moreover, this attention only gets stronger daily. Don’t you want to miss the chance of riding the wave of opportunities? Nor does BitForex that decided to launch the efficient, easy-to-navigate, safe, and free NFT Marketplace!

So, what’s in it for you?

Ladies and gentlemen, we are happy to announce the launch of the BitForex NFT marketplace. Apart from the global mission of adoption of people around the world to the crypto industry, supporting the artists, musicians, and investors, BitForex aimed to simplify the process of buying, selling, and collecting NFTs for every user. Whether you’re a savvy investor or a newbie to the world of NFTs and Crypto, the usage of NFT Marketplace by BitForex will be easy, intuitive, safe, and, surely, profitable!

The idea of launching an NFT Marketplace has come as a solution to the existing issues on the NFT and Crypto markets. These are:

Uncertain Quality of NFT

With great freedom comes great responsibility. This motto should be the driver of the NFT market. However, in reality, things may change. Due to the fact that literally, everyone can be the creator of  NFT, it becomes harder and harder to track the quality of one and know the difference between good and bad. This makes it sometimes impossible for investors to find profitable NFT projects.

The narrow range of choice

It becomes harder and harder for investors to find enough NFTS released by NFT projects. However, if investors visit the project-host NFT Marketplace, they can easily buy NFTs issued by this project.

The high price of NFT

The more popular NFTs are, the more expensive they become. It’s no wonder that investors are seeking a profitable and premium NFT before their price increase. BitForex NFT Marketplace knows how to do this.

Safety risks

Connecting the wallet to operate is an essential step in most NFT marketplaces. Surely, there’s a potential security threat while getting your personal wallet connected. Avoid these risks with BitForex NFT Marketplace!

The efficiency of BitForex NFT Marketplace

What makes us stand out from the crowd of other competitors? Here’s what you receive while being a user of BitForex NFT Marketplace:

Trustworthiness

Starting its path in 2017 there weren’t any security issues with BitForex. We do our best to eliminate the worries related to the safety of our users’ assets.

Specification

BitForex is proud of its cooperation with hundreds of talented artists, creative and profitable projects all over the world. Don’t neglect the chance to highlight the real premium NFTs with the BitForex selection process.

User-friendliness

BitForex NFT Marketplace is incredibly easy to use. The trading process for buyers and sellers can start in the blink of an eye. BitForex supports all NFTs based on almost all public chains like BSC, Ethereum, Klaytn, etc. BitForex supports fixed price, live auction, and buyout sales types.

Free of use

BitForex doesn’t charge any commissions or trading fees on the NFT Marketplace while the early promotion period. Buyers and sellers shouldn’t be afraid of the high gas fees. What a success!

With all the advantages mentioned, all you need is to start your NFT trading journey with BitForex NFT Marketplace right away!

BitForex Products

BitForex is a major player in the cryptocurrency market that reached this status by offering a large selection of tradeable goods, such as spot trades, margin trades, and derivatives. New services and products are continually being introduced by BitForex in response to customer feedback. Sounds persuasive, isn’t it?

As a relatively young exchange, Bitforex provides a variety of trading options, including spot trading and margin trading with leverage up to 100x. Having over 163 cryptocurrencies and over 300 trade pairs available in more than 180 countries, BitForex suggests the new level in crypto trading.

There are 1.6 million orders processed per second, according to the BitForex trading engine. Bitforex’s 24-hour volume trading value was $5,882,058,663 as of May 11th, 2021. Also, there is a cryptocurrency called ‘BF’ that has a current market value of $0.01174.

Don’t hesitate to become a citizen of the NFT galaxy with BitForex NFT Marketplace. Find, buy, and sell the most profitable NFTs easily in the blink of an eye!

 

Huobi Co-Founder: ‘We Are At The Early Stage Of A Bear Market That Can Extend Until The Beginning Of 2025’

Mark Brennan
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Huobi Co-Founder: ‘We Are At The Early Stage Of A Bear Market That Can Extend Until The Beginning Of 2025’

Du Jun, the co-founder of the Huobi cryptocurrency exchange, believes that, based on the historical dynamics of the bitcoin price, a “bullish trend” should not be expected until the beginning of 2025.



In a talk with CNBC, Du Jun explained that the price of bitcoin is highly dependent on the Bitcoin halving, which reduces miners’ rewards after every four years. The third halving took place in May 2020; Bitcoin reached an all-time high of $69,000. A similar situation occurred after the halving of the miner’s rewards in 2016 – the following year, Bitcoin exceeded $20,000.

Jun believes that the current situation in the cryptocurrency market is developing according to the same scenario. Bitcoin is currently trading at around $39,000 per coin, down 40% from its all-time high reached in November. At the same time, he noted that it is complicated to predict the further “behavior” of bitcoin since many factors, like pandemic and geopolitical problems, can significantly affect the crypto market.

He told CNBC:

“It is tough to predict exactly because there are so many other factors which can affect the market as well — such as geopolitical issues including war, or recent Covid, also affect the market,” 

Jun believes this is only begging of the bearish market:

“If this circle continues, we are now at the early stage of a bear market,” 

According to him, the current bearish cycle will last until 2024

“Following this cycle, it won’t be until the end of 2024 to the beginning of 2025 that we can welcome the next bull market on bitcoin.”

Recently US Investment Bank Stifel Report discussed 3 Macroeconomic Factors that Could Take Bitcoin To $10K.

DAppRadar researchers assume that a protracted “crypto winter” can “weed out” 80% of DeFi projects that have never felt crypto winter impact, so only the largest and most sustainable projects will remain on the market.

Many analysts predict the onset of another “crypto winter.” However, Benjamin Cowen believes that the bitcoin rate largely depends on the stock market dynamics, and if the NASDAQ and S&P 500 stock indices show long-term growth, then bitcoin will return to the “bull trend”.

Ethereum Co-founder Vitalik Buterin Welcomes Bear market Says It get Rid Of Weak Projects And Hype

Mark Brennan
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Ethereum Co-founder Vitalik Buterin Welcomes Bear market Says It get Rid Of Weak Projects And Hype

Ethereum co-founder Vitalik Buterin said that the new “crypto winter” could help the industry become stronger.



In an interview with Bloomberg, Buterin emphasized that, in fact, people “deeply immersed in the cryptocurrency industry” welcome periods of a “bear market.” This allows you to get rid of weak projects and reduces the ” hype ” level. However, he is not yet sure whether this period has begun or not.

He told Bloomberg:

“The people who are deep into crypto, and especially building things, a lot of them welcome a bear market; they welcome the bear market because when there are these long periods of prices moving up by huge amounts like it does — it does make a lot of people happy — but it does also tend to invite a lot of very short-term speculative attention.”

The last “crypto winter” ended at the beginning of 2019, and the sharp growth of the cryptocurrency market began in the fall of 2020. However, the market declined after reaching a record capitalization in November 2021. Whether this is a long “crypto winter” or just a temporary decline, Vitalik is still not sure.

Buterin admitted he was surprised and impressed by the growth of the cryptocurrency market. This led to significant funds pouring into the industry, and many new projects appeared, but not all of them are important and useful for the industry. Many of them will fall away in the crypto winter.

“The winters are the time when a lot of those applications fall away, and you can see which projects are long-term sustainable, like both in their models and their teams and their people,”

Recently Buterin Pleaded with Russia Not To Go For War in the Russian language.

Crypto Capital Venture Founder Says Cardano (ADA) is the “Biggest Sleeping Giant” Waiting to Explode

Mark Brennan
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Crypto Capital Venture Founder Says Cardano (ADA) is the “Biggest Sleeping Giant” Waiting to Explode

Dan Gambardello, the owner of Crypto Capital Ventures (CVV), is bullish on Cardano (ADA) as he makes interesting predictions for the cryptocurrency. 



Speaking in a recent tweet, Gambardello calls ADA the “biggest sleeping giant” that is poised for an impressive run at the appropriate time. 

According to the crypto pundit, the Cardano team has positioned the crypto project to provide a global decentralized financial infrastructure that will eventually result in widespread adoption. 

“Cardano is built to provide decentralized financial infrastructure on a global scale. This is huge, bigger than what most are focused on right now. $ADA is the biggest sleeping giant in crypto. It’s going to explode,” Gambardello tweeted. 

 

The CCV founder is not the only one bullish on Cardano. Last week, a panel of Finder’s fintech specialists speculated that the price of a unit of ADA will soar to $8.15 in 2025 and subsequently hit $58.04 in 2030. 

Cardano 2022 Performance

Cardano’s recent performance in terms of price has been far from what many envisaged for the year. The coin, which started trading this year around $1.35 is currently worth $0.98, representing a 25% dip on year-to-date. 

Similarly, the price of Cardano has fallen 68.5% from its all-time high (ATH) of $3.09, which was recorded on September 2, 2021. 

Cardano Still Building 

The team behind Cardano are not discouraged by the underperformance of the coin as they continue to make significant efforts toward adding value for investors. 

Cardano has lined up a number of upgrades in the coming years that would contribute to increasing transaction speed by a huge margin, thus making the network a favorite choice for decentralized application (dApp) developers. 

In addition, the Cardano development team recently made a CIP-35 proposal in a bid to increase smart contract speed.  

While ADA’s price performance has not been what investors expect from the cryptocurrency, they have continued to throw their weight behind the project.  

The amount of total value locked (TVL) across various Cardano-based protocols surpassed $100 million. 

 

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