Ukraine Bitcoin exchange volume spikes 200% as Russia war sparks currency concerns | by heidi

  Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia’s invasion, data shows. According to monitoring resource CoinGecko, on Feb. 24, volume on Kuna almost tripled to over $4 million. Crypto on the radar of Ukrainians As the armed conflict with Russia began, the impact … Read more

Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes | by heidi

  Lord Fusitu’a, a former member of the Tongan parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook. Step one is remittance, two is legal tender, three is Bitcoin mining, and four is moving … Read more

Russia to seize retail deposits if sanctions go too far, official warns | by heidi

  In the event of harsh Western sanctions as Russian forces invade Ukraine, retail customers could risk losing their savings. Russians’ savings could be confiscated in response to sanctions against the country, according to Nikolai Arefiev, a member of the country’s Communist Party and vice-chairman of the Duma’s committee on economic policy. The Russian government … Read more

Should You HODL Bitcoin? | by heidi

  First, know your memes. HODL began as a typo for the word “hold” on a forum, and the crypto community found it so amusing that they now use “HODL” as a term to denote holding (rather than selling) one’s cryptocurrency.  In December 2017, bitcoin brought seasonal cheer to investors as its price gathered … Read more

Why are people calling Bitcoin a religion? | by heidi

  Read enough about Bitcoin, and you’ll inevitably come across people who refer to the cryptocurrency as a religion. Bloomberg’s Lorcan Roche Kelly called Bitcoin “the first true religion of the 21st century.” Bitcoin promoter Hass McCook has taken to calling himself “The Friar” and wrote a series of Medium pieces comparing Bitcoin to a … Read more

India’s crypto tax provides little legal clarity for traders and exchanges | by heidi

  Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities. The proposal includes a 30% income tax on crypto returns and a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees … Read more

Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks | by heidi

  Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that’s also popular among the country’s Bitcoin investors. In a securities filing late Feb. 14, the industrial conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A … Read more

Top 5 cryptocurrencies to watch this week: BTC, XRP, CRO, FTT, THETA | by heidi

  Bitcoin (BTC) has given back some of its recent gains, but on-chain data resource Ecoinometrics said that whales are accumulating because they believe the price is attractive from a long-term perspective. On the downside, analyst Willy Woo believes that $33,000 is a strong bottom for Bitcoin. Popular Twitter trader Credible Crypto said that the … Read more