Ukraine Financial News

Take a look at some of the biggest movers in the premarket:

Bitcoin (BTC), ethereum (ETH), and other major cryptoassets trimmed their losses on Monday morning in Europe, as futures pointed to a lower opening for the stock market on Wall Street, Russian financial assets tumbled, and the US dollar rose against most other fiat currencies. Meanwhile, analysts warned that the US Federal Reserve (Fed) could be forced to change course and ease its monetary policy.Meanwhile, delegations from Kyiv and Moscow are holding discussions at the Ukraine-Belarus border today as Kyiv seeks an immediate ceasefire and the withdrawal of all Russian forces from Ukraine. 

Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms.

The West is rolling out increasingly tough sanctions on Russia but it is going out of its way to preserve the country’s biggest source of revenue: energy exports.

The crypto-industry is being pulled into the Russia-Ukraine war, whether it wants to be there or not. After the Vice Prime Minister of Ukraine tweeted asking “major crypto exchanges” to block the addresses of Russians and “sabotage” even civilian users, here’s how industry players reacted.

As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.

The head of Citigroup's Ukrainian business has said that he is "safe", as the US bank continues to operate in the country amid the ongoing invasion by Russian forces.

Russia is marching towards Kyiv, the capital of Ukraine. Vladimir Putin has also put his nuclear forces on high alert after the sanctions from the West. However, Ukraine announced to hold peace talks amid the crisis. Barring the US dollar-pegged USD Coin, all of the top digital tokens were trading lower. Avalanche tanked over 7 per cent while Terra tumbled 5 per cent. Ethereum declined 4 per cent.

Binance has said it has no plans to freeze user accounts in Russia

Ukraine's government has raised cryptocurrency worth almost $13 million after posting appeals on social media for donations of bitcoin and other digital tokens, data from blockchain analysis firm Elliptic showed on Monday.

Stifel’s Barry Bannister recently predicted that Bitcoin could plunge by 76% to $10,000 by 2023. Agreeing with the headwinds that Bitcoin faces in terms of monetary outlook, Gareth Soloway, President and CFO of InTheMoneyStocks.com, is also placing his high-end target for Bitcoin at $20K. During a recent podcast, he added,

In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell. 

A Russian oligarch’s yacht was damaged in Spain’s Balaeric Islands over the weekend, reportedly by a Ukrainian sailor seeking revenge for Russia’s invasion of his home country.

prices are holding steady even as the Ukraine crisis shows no signs of easing, with Western nations imposing new sanctions on Russia after President Vladimir Putin refused to stop attacks on its neighbor.Bitcoin was trading at around $39,000, roughly where it started the weekend. It briefly edged above $40,000 on Saturday. Ether was down 3.4% at $2,732. The relative calm in crypto markets follows a global equities rally on Friday that saw the S&P 500 jump 2.2%. With Bitcoin's correlation with stocks near a record high, the trading points to a steady open for Asian equities on Monday — barring a sharp escalation of tensions between Russia and Western countries.

At least USD 18.9m worth of cryptoassets has been donated so far to the Ukrainian government and the nongovernmental organizations (NGOs) providing support to the Ukrainian military after Russia launched an invasion of the country on February 24.

U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.

Donations are pouring in, even from a crypto-linked organisation, for Ukraine

Reports on social media claim that citizens in Russian have been spending their cash on luxury items, electronics, and other goods in a bid to dump the ruble before the markets reopen today.

The UK said it would act together with the European Union and the US to issue more sanctions in response to Russia’s invasion of Ukraine.

Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face?

crypto donations, adding to crowdfunding efforts that have raised more than $5 million in Bitcoin, Ether and other tokens since Friday. Ukraine’s official Twitter handle, as well an account belonging to the country’s Vice Prime Minister Mykhailo Fedorov, shared details of the crypto wallets on Saturday. Victor Zhora, one of Ukraine’s top cyberdefense officials, confirmed to Bloomberg that the tweets and the wallet addresses were accurate. The addresses posted by these accounts have received hundreds of donations worth more than $3 million in less than 24 hours, according to transaction information available for the wallets and data from blockchain analytics firm Elliptic. The median donation was worth around $95, Elliptic co-founder Tom Robinson previously told Bloomberg News by email.