In 2001, Galbraith published a paper titled “The meaning of a War Economy”, in which he sought to examine how the World Trade Center tragedy changed the outlook for the economy, and what the nation’s response should have been. In 2022, the Russian Federation carried out a military aggression against Ukraine. Most countries determined that […]

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Mr. Powell reiterated that the US Federal Reserve is preparing to increase interest rates this month, despite the uncertainty of Ukraine crisis remain. (Read More)

Bitcasino.io have said all raised funds will be sent to Unchain.fund and will be used for humanitarian aid.

The post Bitcasino.io Launches Ukraine Donation Campaign appeared first on BitcoinChaser.

On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is Rallying […]

Bitcoin has endured a turbulent month of price action, with a high of $46,000 and a low of $34,000 within a couple of weeks.

In light of the Ukraine crisis, major crypto exchange firms including Binance and Kraken have responded to the pleas to freeze Russian users’ crypto addresses.  Ukraine’s Plea to Crypto Exchange Firms On February 27, Mykhailo Federov – Vice Prime Minister of Ukraine took to Twitter to urge crypto exchanges to freeze the crypto addresses of Russians. The request came days after both U.S and EU decided to remove Russian banks out of SWIFT and freeze overseas assets of Russia’s Central Bank. I'm asking all major crypto exchanges to block addresses of Russian users. It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Fedorov continued tweeting about firms freezing accounts of Russian and Belarusian users. One such startup, DMarket specializes in NFT and virtual in-game items in Metaverse was praised by Fedorov for the same.  Received breaking news. @dmarket, a platform for trading NFT & In-game Metaverse items, decided to freeze the accounts of users from the Russian Federation and Belarus. Funds from these accounts could be donated to the war effort. Nowadays Robin Hoods. Bravo. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Crypto Exchanges Response to Ukraine Jesse Powell, CEO of Kraken stated in response to Ukraine’s plea that although the sentiment is duly respected, they cannot block Russian users. Cryptocurrency exchange Binance also voiced similar opinions.  Early morning on February 28, Jesse Powell tweeted about declining the request set by Ukraine. However, he stated,  “Russians should be aware that such a requirement could be imminent.” 1/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people, @krakenfx cannot freeze the accounts of our Russian clients without a legal requirement to do so. Russians should be aware that such a requirement could be imminent. #NYKNYC https://t.co/bMRrJzgF8N — Jesse Powell (@jespow) February 28, 2022 In the same thread, Jesse Powell also mentioned the objective of Kraken. According to Powell, Kraken FX wishes to bridge individual humans out of the legacy financial system and urge them to look forward to the crypto world.  “Where arbitrary lines on maps no longer matter, where they don’t worry about being caught in broad, indiscriminate wealth confiscation.” Although Binance stated that there are no plans of blocking user accounts, they do wish to take action against users blacklisted by the West. Binance also wants to minimize the impact on innocent users. Furthermore, Binance guarantees to comply with sanctions imposed by the international community. 

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Cryptocurrencies have largely traded in tandem with US stocks as of late

The post As Ukraine Crisis Underscores Bitcoin as Risk Asset, Volatility May Be Here To Stay appeared first on Blockworks.

The pound is calm on Friday, after taking a tumble on Thursday and falling 1.28%. It was the pound’s worst one-day performance since November 2021. Investors appear to be taking a wait-and-see attitude on Friday, as the fighting continues in Ukraine, with Russian forces reported in the suburbs of the capital Kyiv. BoE says inflation […]