Cryptocurrency Financial News

The global cryptocurrency market capitalisation rose 10.92 percent over the last 24 hours to $1.90 trillion, while trading volumes jumped 33.62 percent to $108.99 billion during the same period.

Colorado will become first American state to accept cryptocurrencies for tax and fee payments

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.

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.

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. 

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.

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

Under siege from a military invasion by Russia, the Ukrainian government has been seeking help from across the world to resist the military action.

The global cryptocurrency market capitalisation fell 1.35 percent over the last 24 hours to $1.72 trillion, while trading volumes jumped 19.71 percent to $81.67 billion during the same period.

Ukraine's official Twitter account made the appeal for cryptocurrency donations.

Staking is a method of collecting rewards for holding particular cryptocurrencies

The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth USD 2.4 billion, federal prosecutors said.

As Russian troops advance towards capital city Kyiv in Ukraine, the country has been communicating with the world through their Twitter handle. In its latest tweet, the besieged country said that they were now accepting cryptocurrency donations including bitcoins, ethereum and tether.

Supreme Court on Friday asked the Centre to make its stand clear on whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not. A bench of Justices DY Chandrachud and Surya Kant, which was dealing with a case related to the quashing of multiple FIRs registered against one Ajay Bhardwaj and others for allegedly duping investors across India by inducing them to trade in Bitcoin and assuring them high returns, said that the accused were booked for their involvement in Bitcoin trade. The bench told Additional Solicitor General Aishwarya Bhati, appearing for Centre and Enforcement Directorate, «We want you to tell us on affidavit whether cryptocurrency trade involving Bitcoin or any other such currencies is legal in India or not? What is the regime for Bitcoin trade at present?» Bhati said she would file an affidavit on the legality of the cryptocurrency trade and added that the accused, who is seeking quashing of proceedings, has not been cooperating with the investigating agency after being granted bail by the court in 2019.

BJP President JP Nadda’s Twitter account was briefly hacked this morning and tweets asking for cryptocurrency donations for Russia were posted before it was restored.

The global cryptocurrency market capitalisation fell 2.83 percent over the last 24 hours to $1.75 trillion, while trading volumes were down about 29.55 percent to $68.18 billion during the same period.

Ukraine's cryptocurrency sector has been hit by Russian invasion

A Ukrainian volunteer group has received over $4 million in bitcoin donations

Russia may use cryptocurrency to mitigate the impact of international sanctions