Crypto Weekly Roundup: BTC Donations To Ukraine, XRP Vs. SEC Heats Up, OpenSea Sued, FTX Eyes New Market, And More


The biggest global event right now, Russia’s invasion of Ukraine, has had an impact on the crypto industry as well. Bitcoin donations in the range of hundreds of thousands of dollars have been made towards funding Ukraine’s defense and war relief efforts. Let’s find out more. 

Bitcoin

The Ukrainian military has reportedly received Bitcoin donations amounting to $400,000 in a single day as a global response to Russia’s invasion of the country.

Simon “Tinder Swindler” Leviev has claimed that his luxurious, high-paced lifestyle was funded by the profits from Bitcoin investments and denied allegations of scamming multiple women, 

Ethereum

An investigation carried out by Laura Shin and blockchain analytics firm Chainalysis has claimed to identify the person behind the DAO hack of 2016

DeFi

A power tussle between Solidex and 0xDAO created confusion at Andre Cronje’s new AMM launch. 

Opera has announced its integration with DeversiFi, a StarkWare-powered solution, making Opera for Android the first mobile browser featuring an Ethereum Layer-2 wallet. 

Altcoins

The Luna Foundation Guard has announced the raise of $1 billion, which will be used as an extra layer to protect the Terra UST stablecoin in case of a major market sell-off.

Court-ordered unsealing reveals new legal documents that could give Ripple a significant advantage over the SEC. 

Business

The Bank of New York (BNY) Mellon has partnered with blockchain software and analytics firm Chainalysis to enhance its risk management system. 

Crypto exchange FTX is eying partnerships in the luxury goods market and is looking to work with fashion and luxury brands. 

Solana-based cash stream protocol, Zebec raises $15 million to fund scaling its DeFi payment solution. 

Fans of the Denver Broncos have come together to buy the NFL team by trying to raise $4 billion via a decentralized autonomous organization (DAO).

Premier League Champion Manchester City has outlined plans to construct the world’s first football stadium in the Metaverse to allow fans from all over the world to watch live games.

Regulation

Ripple gains another victory, as the court dismissed the SEC’s latest bid to strike Ripple’s fair notice affirmative defense. 

Brazil’s Senate will soon be voting on a crypto regulation bill that aims to create a framework that would ground oversight on cryptocurrencies and digital assets.

Inspired by El Salvador, senator Indira Kempis is developing a cryptocurrency bill for Mexico that will be introduced to the country’s congress this year. 

NFT

The much-anticipated auction at Sotheby’s for the “Punk It!” collection featuring 104 CryptoPunk NFTs was canceled after the seller backed out last minute. 

OpenSea has been named in a $1 million lawsuit filed by an individual who allegedly lost his Bored Ape Yacht Club NFT due to a bug in the code.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.