Russo-Ukrainian Crisis - Crypto Insight
Community Update 50
Good Evening Zashers,
In today’s 50th edition of Zash’s Community Update, we’ll dive into the ongoing Russo-Ukrainian crisis for what it means in the world of crypto, explore this week’s latest headlines in web3 and Crypto news and more.
Our hearts go out to all the citizens of Ukraine and we hope both sides can achieve a peaceful resolution soon. If you’d like to support Ukraine’s efforts, you can donate to the country’s official ETH and BTC wallets here 👇
Check out what’s going on below ⬇️
Shortly after Russia launched it’s full-scale invasion of Ukraine, many cryptocurrency’s fell, with Bitcoin slumping to a one-month low falling by as much as 7.9 per cent to $34,324, its lowest since January 24. Russia launched an all-out invasion of Ukraine by land, air and sea, the biggest attack by one state against another in Europe since World War Two, with countries like the United States and its allies threatening “severe sanctions”, including removing select Russian banks from the SWIFT international payments systems. Despite all of this, crypto’s mainstream adoption continues to grow, with the official Ukrainian Twitter account even requesting donations in the form of BTC and ETH and the Ukrainian central bank suspending electronic cash transfers, causing some to turn to crypto stablecoins like USDT. Here’s a deep dive by Decrypt’s Executive Editor Jeff Roberts for Yahoo Finance into how the conflict could further impact crypto prices 👇
Crypto Rumours
The crypto exchange FTX is launching a new gaming unit focused on driving cryptocurrency and NFT adoption in the gaming world, initially offering a crypto-as-a-service platform allowing game publishers to launch tokens and provide easy in-game NFT support for game items like avatars or skins.
Coinbase, the largest crypto exchange in the U.S. in terms of trading volume, announced last week that it would support Ledger, a popular crypto hardware wallet. The wallet integration is now available through the Coinbase wallet browser extension, providing users with additional security.
Investors can now buy slices of home equity through fractonalized NFTs after Florida based real estate startup Vesta Equity tapped the Algorand blockchain for its NFT marketplace, which it contends is the first peer-to-peer exchange that allows homeowners to leverage and sell a slice of equity with digital collectibles.
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Reading List 💡
Tech News 🖥️
Elon Musk has announced that SpaceX’s broadband satellites, Starlink, are now active over Ukraine in an effort to replace internet services destroyed by the Russian attacks.
Remember Faraday Future, the California based EV Startup? They’ve finally made a “production intent” car, with claims it is still on schedule to formally begin production of the FF91 in the third quarter of 2022.
Market News 📈
Not only has the ongoing conflict affected the crypto market, here’s a Financial Times summary on how Russia’s attack on Ukraine disturbed the traditional markets this week.
That’s all for now, don’t forget to follow us on Instagram and Twitter!
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See you next week!