Ukraine calls off cryptocurrency airdrop program, rather embraces NFTs plan

The government of Ukraine declared that it cancelled its plan of crypto airdrop for receiving donations towards its war against last week Russian invasion. The authorities have instead said that they will sell non-fungible tokens (NFTs) to generate funds to foster its armed forces. Ukraine’s Vice Prime Minister, Mykhailo Fedorov informed the citizens that the…

Joe Biden to issue an executive order on crypto

President Joe Biden is anticipating signing an executive order on crypto this week that will mark the initial step towards regulating how digital currency is traded. The stance comes as admin officials have raised issues in recent weeks about Russia’s use of crypto to escape the impact of crushing sanctions in response to its invasion…

Russia may use crypto to blunt the force of US sanctions

When the US prohibited its citizens from conducting business with Russian banks, gas and oil developers, and other firms in 2014, after the nation invaded Crimea, the hit to Russia’s economy was immense and swift. Economists calculated that sanctions imposed by Western nations cost Russia around $50 billion per year. Since that day, the global…

Ukraine legalizes cryptocurrencies

On Thursday, Ukraine legalized cryptocurrencies even as its tensions with Russia have disturbed markets globally in the previous week because of global concerns over the prospect of a wider war with over 100,000 Russian troops near the Ukrainian frontier. In a Tweet, the Ukraine Vice Prime Minister Mykhailo Fedorov said that the country is already…

Amitabh Bachchan is the latest celeb to join the cryptocurrency bandwagon

Amitabh Bachchan becomes the current celebrity to join the crypto-space. Bachchan, who is now the brand ambassador of the Indian crypto exchange CoinDCX, will be operating to create awareness about crypto, the firm said in a press release. But he is far from the only big celeb, worldwide or in India, to be actively partaking…

Ukraine is the new entry on the list of nations legalizing bitcoin

Ukraine is the 5th nation in as many weeks to lay down some regulations for the crypto market, an indication that governments worldwide are grasping that bitcoin is here to stay. In an almost concordant vote, the Parliament of Ukraine accepted a law that regulates and legalizes crypto. The bill was set in motion in…