BitYard Weekly Roundup (2022/02/22 — 2022/03/01)

Top News Released:

1) Ukraine Government Is Using Crypto Aid to Buy Critical Inventories.

Around $10 million in crypto donations transferred to the Ukrainian government has formerly been spent. The Ukrainian government is purchasing critical inventories, including gas, food and military outfit, using cryptocurrencies bestowed as the country stands against a Russian irruption. Around $10 million has formerly been spent.

The donations are being distributed from the government’s digital wallets, set up by Kyiv- grounded crypto exchange Kuna, to other digital wallets before being spent.

2) Ruble-Denominated Bitcoin Volume Surges to 9-Month High.

The increase comes as the West’s sanctions on Russia trigger a flight from the ruble.

Trading volumes between the Russian ruble and bitcoin increased to a nine-month high as the country’s edict currency plunged to record lows due to the fallout from the irruption of the Ukraine

Data tracked by Kaiko, a Paris- grounded cryptocurrency exploration provider, shows that ruble ( RUB)- denominated bitcoin volume surged to nearly1.5 billion RUB on Thursday, hitting its loftiest position since May.

3) Blockchain- Grounded Storage App ArDrive Raises$17.2 Million.

ArDrive, a blockchain- grounded permanent storehouse operation, has raised a tidy$17.2 million in a seed round of 13 investors led by Arweave Team, Blockchain Capital, and Sino Global Capital. ArDrive presently houses over 6 million lines from across the globe, including textbook, papers, prints, and vids. While numerous druggies trust services like Dropbox or Google Drive to preside their data — services potentially susceptible to data leaks — ArDrive allows users to maintain power and control of their data on the Arweave blockchain.

4) New DAO Raises $3 Million in ETH for Ukrainian Army.

A decentralized independent association (DAO) has been formed to raise money for Ukrainian soldiers facing down the Russian army. UkraineDAO, a fundraising effort coordinated by members of the investment group PleasrDAO, the NFT plant Trippy Labs, and the Russian art collaborative Pussy Riot, has formerly raised over$ 3 million in Ethereum- grounded tokens.

Top Gainers & Losers (7 days)

Gainers:

• FC Barcelona Fan Token (+53.57%)
• AS Roma Fan Token (+33.18)
• Anyswap (+22.41)
• Juventus Fan Token (+20.67)

Losers:

• CryptoArt.Ai (-13.27%)
• DeFi Land (-11.85%)
• Hot Cross (-11.64)
• Galactic Arena (-10.31%)

New Coins Listed On BitYard:

• MJT/USDT
• FCON/USDT
• MIX/USDT
• MBS/USDT
• DFL/USDT
• KASTA/USDT
• XNO/USDT

Other Articles You Might Be Interested:

• Top 5 Important Cryptocurrency Tips A Crypto Investor/Trader Should Not Miss In 2022
• NFTs VS Crypto — Key Points To Note.

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