Author: Donald Munn
The move aimed at cornering Putin’s Russia is the exclusion from the SWIFT system and targeted sanctions on banks, oligarchs and people close to the Russian president. What is SWIFT? The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a company that provides tools and data control for national and international transactions between countries around the world. This system is the most widespread in the international arena and makes it easy to move resources. Sanctions from around the world Following the military operation on 24 February, all or most of the world’s countries responded by applying sanctions against Russia. The…
Meta has reportedly divested the 300-person team that was supposed to develop the XROS operating system for augmented reality and virtual reality (AR/VR). Backward step for Meta: no proprietary operating system for AR/VR Meta’s decision was reported by The Information newspaper. Meta has reportedly decided to do without a proprietary operating system for its virtual and augmented reality systems. The project was called XROS and would have allowed Meta to be autonomous from Apple and Android. But the Meta team probably realized that the features of the operating systems already on the market are sufficient to support devices “made in…
Metalink, the NFT giveaway app, has announced the integration with Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet to promote randomness and transparency in NFT giveaways. NFT giveaways on Metalink with Chainlink With this integration, Metalink will be able to offer its users giveaways that are easy to participate in, while winning NFTs will be a clear and transparent process. This approach will be adopted in every giveaway initiated by Metalink. It will provide a higher standard of quality in the awarding of prizes. The system offered by Chainlink is manipulation-proof. Jake Udell, CEO and founder of Metalink, said:…
Naverse, the first meeting of the Narcotics Anonymous support group in the metaverse, took place on 17 February, thanks to the support of Socialyse Paris and its technical partner VR Academy. Eight members of Narcotics Anonymous came to the virtual space to discuss their addictions and their progress towards a new liberation from addiction, in a new immersive mode. Naverse, the meeting for drug addicts Narcotics anonymous is an association founded more than 50 years ago on the basis of the experience of alcoholics anonymous, It is the first case of a meeting between problematic people in the metaverse. In…
Terra (LUNA) was one of the top-performing cryptocurrencies in February 2022. It is worth noting that only ADA made a loss (-8%), while all the others, excluding stablecoins of course, increased their value during the month. The performance of Terra (LUNA) In general, however, monthly increases have not exceeded 26%. The only exception, among the top 10, is LUNA, the native cryptocurrency of the Terra protocol. On 31 January it had hit its lowest point since late November, falling to $44. At that point, it began a massive climb back up, closing the month at over $83, a monthly gain…
Bitcoin Analysis Bitcoin’s price finished marginally down [-$490] on Wednesday after concluding the two prior days up over 16%. The first chart we’re analyzing today is the BTC/USD 1M chart below from TradingShot. BTC’s price closed the monthly timescale in green figures for the first time in 3 months following February’s price reversal to the upside. BTC’s price closed the monthly timescale in green figures for the first time in 3 months The second bitcoin chart we’re analyzing today is the BTC/USD 4HR chart from Noobincrypt. BTC’s price is trading between 0.764 [$38,901.52] and 0.618 [$44,368.38] on the daily timescale,…
Bitcoin Analysis Bitcoin’s price climbed higher on Tuesday for the second consecutive day and finished +$1,240. The first chart we’re analyzing today is the BTC/USD 1W chart below from Ronbaten. BTC’s price is back trading between the 38.20% fib level [$42,369.53] and 50.00% [$46,593.02], at the time of writing. Bullish BTC traders are eyeing a break of the 50.00% fib level with a secondary target of 61.80% [$50,816.51] and third target of 78.60% [$56,829.61]. Bearish bitcoin market participants are conversely hoping they’re indeed setting up a bull-trap and that they can again push BTC’s price below the 38.20% fib level…
It’s pretty clear that in Russia, a country that according to Chainalysis’ 2021 global crypto adoption index ranks 18th in the world in cryptocurrency adoption, people are actually using digital currencies to try to get around the very tough sanctions that are blocking normal financial activities. Sanctions boost cryptocurrency use in Russia According to recently released data from the company Kaiko, exchanges between the ruble and Bitcoin have surged since Russia decided to invade Ukraine. On certain P2P platforms, it appears that some Russians are buying Bitcoin for as much as $64,000, almost 50% more than its current price. The…
While the SEC is currently deciding whether or not to approve the first Bitcoin spot ETF, and while waiting for precise regulation of digital assets, the world’s largest futures market, the CME in Chicago, announces the launch of two new micro futures on Bitcoin and Ethereum, which should be on the market on 28 March. CME Group announced it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens. https://t.co/3sWplDqYLv — Wu Blockchain (@WuBlockchain) March 1,…
After three official wallets were activated to donate Bitcoin, Ethereum and Tether, news also came of the creation of a DAO, UkraineDAO, to support Ukraine. UkraineDAO, raised $7 million in ETH The main goal of this DAO is to support the huge military expenditures and non-profit organizations that are helping the Ukrainian people. The surprising thing is that in a short period of time, this decentralized autonomous organization has managed to raise $7 million in Ethereum! A result that really surprised everyone and that is the result of a joint effort between the investment group PleasrDAO, the NFT studio Trippy…