Crypto Trends Weekly Feb. 19 – 25
    28 Feb 2022

    Breaking crypto news from the last week (Feb. 19 – 25, 2022): Feb. 19: A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. The restaurant is a virtual one…

    Valve president Gabe Newell says he is not a fan of crypto
    28 Feb 2022

    Steam wasn’t accepting Bitcoin for long due to its volatility and ‘50% of transactions were fraudulent,’ says Gabe Newell, the Valve president. Bitcoin was adopted as a payment method on Steam in April 2016. However, it was removed in December 2017 due to the volatility of cryptocurrency’s price and “a significant increase in the fees…

    Stand with Ukraine: Ukraine tweeted its crypto wallets for donations to help fight Russia
    28 Feb 2022

    On Saturday, just days after Russia invaded Ukraine, the country’s official Twitter account tweeted out a call for donations through Bitcoin, Ethereum, and the stablecoin Tether. As of publication, these wallets have received over $4 million in cryptocurrency. According to BuzzFeed.News, the vice prime minister of Ukraine, Mykhailo Fedorov, confirmed on his Twitter account that…

    Over $4 million in crypto donated to the Ukrainian military since Russia invaded
    26 Feb 2022

    According to blockchain analytics firm Elliptic, donations being funneled to the Ukrainian army in cryptocurrencies are in the millions of dollars. The new data shows that $4.1 million in crypto has been raised for the military since the invasion began. Come Back Alive – a charitable foundation that collects money for medical kits, military gear…

    Vitalik Buterin calls Putin’s war a crime against the Ukrainian and Russian people
    26 Feb 2022

    Ethereum co-creator Vitalik Buterin has criticized Russian President Vladimir Putin’s decision to attack Ukraine, calling it a “crime against the Ukrainian and Russian people.” On February 24, the Russian armed forces launched a “special military operation” in Ukraine that could disturb the peace on the continent. Buterin, who was born in Russia and grew up…

    Bitcoin’s plunge on Ukraine invasion undermines status as ‘digital gold’

    Market slide suggests investors don’t yet see the leading cryptocurrency as a safe haven in times of crisis, writes Luke Conway on Blockworks. Increasing institutional investment in Bitcoin tightens its correlation with stock movements Lack of understanding of Bitcoin’s fundamental properties may be hindering its adoption as a risk management tool As Russian troops poured…