📜Daily News 09/02/2022

1️⃣ Lawmaker Takes Aim at Puerto Rico as Crypto Tax Haven
Nydia Velaquez called for tougher action against crypto millionaires using Puerto Rico as a tax shelter

2️⃣ Ukraine Is Using Bitcoin to 'Crowdfund War' With Russia:
A new report from Elliptic details how NGOs and volunteer groups are using crypto to fund operations against Russia

3️⃣ UN to Mark International Women's Day With Boss Beauties Ethereum NFTs
The women-focused Ethereum NFT collection Boss Beauties is debuting a one-of-one collection called Boss Beauty Role Models in New York City on March 8—International Women’s Day—that will become the first complete NFT collection ever shown at UN headquarters.

4️⃣ Here Are All the Bitcoin and Crypto Companies Airing a Super Bowl Ad
Bahamas-based crypto spot and derivatives exchange FTX is perhaps the company most responsible for creating the crypto sports playbook. Early last year, it secured the naming rights for the Miami Heat arena, then went on a sponsorship spree. It now counts seven-time Super Bowl champion Tom Brady, future NBA hall of famer Steph Curry, and two-way MLB phenom Shohei Ohtani as "brand ambassadors."

5️⃣ Meet Heather Morgan: The 'Rapper' and Forbes Contributor Arrested in the $4B Bitcoin Heist
The crypto world is buzzing over the news that the Justice Department has seized billions of dollars worth of Bitcoin stolen in the 2016 Bitfinex hack—and about the 31-year-old New York woman arrested in the case.

——————————————————————————————————————-
🌐 Follow us:
Channel | GroupChat | Twitter | TikTok

📜 Daily News 10/02/2022

1️⃣ Former Domino’s Pizza VP Joins FriesDAO as Advisor
Decentralized autonomous organizations come in all shapes, sizes, and tastes. Speaking of tastes, FriesDAO announced today that Kory Spiroff, a former vice president of Domino's Pizza, has joined the group as an advisor.

2️⃣ Bitcoin Trades More Like Risk Asset Than Inflation Hedge, Says Bank Of America
While Bitcoiners often advertize the cryptocurrency as an anti-inflationary “digital gold,” Bank of America says it trades like nothing of the sort.
A recent company report indicates that the crypto asset moves far more similarly to risk assets such as equities, and reached all-time high correlations with the S&P 500 by the end of January.

3️⃣ Gucci Buys Land in Ethereum Game The Sandbox to Create Metaverse Experiences
Gucci is doubling down on its commitment to the metaverse. The designer clothing brand announced on Wednesday that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox. Gucci will create themed experiences on The Sandbox inspired by its “Gucci Vault” platform, which lists items like Gucci-themed NFTs and vintage bags.

4️⃣ Shiba Inu Sets Course for Meme Coin Metaverse as Doge Killer Token Jumps 48%
The world of meme coins is now entering the metaverse. The team behind Shiba Inu, an Ethereum-based token that arguably has little utility but is the 13th biggest cryptocurrency with a market cap of $18.4 billion, have announced a virtual land project.

5️⃣ CFTC Wants Larger Role in Crypto Regulation—And Sam Bankman-Fried Agrees
Rostin Behnam, chairman of the Commodities and Futures Trading Commission (CFTC), is pushing for his agency to take a leading role in regulating digital assets. He maintains that his agency is well positioned to provide market protection for consumers and reduce risks in the space.

6️⃣ Why the Senate Agriculture Committee Holds Crypto Hearings
Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission, was on Capitol Hill this morning to argue that his agency needs added legislative authority in order to effectively regulate cryptocurrency markets.

——————————————————————————————————————-
🌐 Follow us:
Channel | GroupChat | Twitter | TikTok

Over $50 Million in Crypto Donations Pour Into Ukraine Following Russian Invasion


More than $50 million worth of cryptocurrency — primarily Bitcoin and Ethereum — has been donated in support of Ukraine’s resistance to Russia’s invasion over the last few days.

The official Twitter account of the Ukrainian government shared two cryptocurrency wallet addresses on Saturday to receive donations of Bitcoin, Ethereum, and Tether. According to research from blockchain analytics firm Elliptic, those wallets have attracted $54.7 million worth of crypto so far.

The prices of Bitcoin and Ethereum plunged Wednesday night after news that Russia had invaded Ukraine. Bitcoin dropped back below $35,000, and Ethereum dropped below $2,400 — though both had risen by Friday afternoon. As of Monday morning, Bitcoin was back over $40,000 and Ethereum was near $2,800.

Bitcoin Falls 5% as Nuclear Plant in Ukraine Attacked

Stock markets in Asia had fallen substantially as the news emerged, prompting Bitcoin to do the same. This may indicate the decoupling between crypto and equities has been short-lived.

Bitcoin plunged 5% in the early hours of Friday morning following a dramatic development in the Ukraine invasion.

The world's biggest cryptocurrency sank to lows of $41,000 after Europe's largest nuclear power plant, which is based in Ukraine, came under heavy shelling from Russian forces.

This subsequently led to a fire in a training building, and sparked fears that one of the site's nuclear reactors was damaged.

Although no increase in radiation levels has been detected, and the U.S. has confirmed that the reactors are now being shut down, Ukrainian President Volodomyr Zelenskyy warned a catastrophe at the power station could lead to "the death of Europe."


"If it blows up, it will be 10 times larger than Chernobyl."

Visa, Mastercard Join PayPal in Suspending Russian Operations


Visa, Mastercard and PayPal are all suspending operations in Russia, the companies announced on March 5, citing the Russian invasion of Ukraine. Visa will begin working to discontinue transactions in Russia but it will take a few days, according to a press statement. Mastercard said it would suspend all its network services in Russia, which sent military forces into Ukraine at the end of February."Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," said Visa's statement, which was attributed to global communications vice president Andy Gerlt

Bitcoin below $39,000; dogecoin, Shiba Inu, Solana also plunge. Check cryptocurrency prices today

The world's biggest cryptocurrency Bitcoin is down around 17% in 2022

In cryptocurrencies, Bitcoin price today plunged below the $39,000 level after remaining volatile in the past few sessions. The world's most popular and largest cryptocurrency was trading over 3% lower at $38,315. The digital token is down about 17% in 2022 (year-to-date or YTD) so far. However, it is about 30% far away from its record high of near $69,000 it had hit in November last year.

Meanwhile, the global cryptocurrency market capitalisation remained below the $2 trillion mark, as it was down over 4% in the last 24 hours at $1.79 trillion, as per CoinGecko.

Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also declined over 4% to $2,545. On the other hand, dogecoin price also tanked 4% at $0.12 whereas Shiba Inu plummeted more than 5% to $0.000023.

Binance Launches Fiat-to-Crypto Payments Platform



Binance has announced that it is launching its own fiat-to-crypto payments platform that is designed to "connect businesses, merchants and millions of users to the world of crypto and blockchain."

The new service — known as Bifinity — aims to help companies get "crypto ready," putting them in a position where they will be able to accept digital assets as a payment method.

More than 50 cryptocurrencies are being supported by this new payments provider — alongside major, more traditional networks offered by the likes of Visa and Mastercard. Bifinity also promises to offer low-cost payment processing for merchants and a "top-tier" KYC onboarding process.