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Markets will continue to move and up down as various input factors keep changing. The important thing to focus on is the development and evolution of the crypto space. In this week’s rollup, we bring some of those stories that reinforce our belief in the long term success of crypto. Enjoy!
Ukraine Has Received Over $50 Million in Crypto Donations
The Ukrainian crypto crowdfunding effort has now reached $50.9 million, per figures published by blockchain analytics platform Elliptic. “The Ukrainian government and an NGO providing support to the military have raised $50.9 million, through more than 89,000 crypto asset donations since the start of the Russian invasion,” Elliptic wrote in a blog post.
Ukraine’s crypto crowdfunding push began on February 26, 2022, when the Ukrainian government’s official Twitter account announced it was accepting cryptocurrency donations and shared shared a Bitcoin and Ethereum wallet address for interested donors.
Read more on this, here.
https://decrypt.co/94278/ukraine-has-received-over-50-million-crypto-donations
India's young investors prefer bitcoin to gold and 'boring' stocks
India has seen a huge boom in cryptocurrency trading since the start of the pandemic, even though authorities in Asia's third largest economy have for years expressed concerns about digital currencies, and even tried ****banning them. Entrepreneurs in the industry told CNN Business that the country has the potential to become a crypto superpower, since it is one of the hottest internet markets in the world, with 750 million users and hundreds of millions more yet to come online for the first time.
The growth is driven by younger investors, mostly under the age of 35. Many of them are coming from smaller cities and towns. Many Indian millennials have started their investing journey with crypto. While 20 years ago, their parents chose to invest in gold, they are now more interested in having ****bitcoin as part of their portfolio.
Read more on the reason for this shift, here.
https://edition.cnn.com/2022/03/03/investing/india-cryptocurrency-investing-future-hnk-intl/index.html
India's Supreme Court Asks Government to Clarify Crypto Legality