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 available through delivery.

    Feb. 20: Intel Corporation, a computer chip manufacturing giant, has shared details of a new mining chip that will be coupled with a high-performance 3,600-watt miner with the ultimate goal of improving Bitcoin mining efficiency. Intel’s new chips are powered by a high-performance miner to deliver up to 40 TH/s in a balanced environment.

    Feb. 21: Crypto exchange FTX is starting its own gaming unit focused on encouraging gaming studios to use crypto, blockchain technology, and NFTs. The company aims to the 2 billion-plus gamers market around the world, who can now collect and own digital items.

    Feb. 22: Bitcoin (BTC) has fallen to a new two-week low of $34,704 as tensions between Russia and Ukraine continue to escalate. Global equity prices fell across the board on market reactions to the latest moves from Russia, and crypto prices were no different.

    Feb. 23: Chinese cryptocurrency exchange Huobi plans to re-enter the US market, but with an asset management focus. The US re-entry is part of a major global development goal, a further break from China’s regulations. In addition, Huobi plans to set up headquarters in Europe, co-founder Du Jun said.

    Feb. 24: 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.

    Feb. 25: 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.

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