Kraken to donate Bitcoin worth over $10 million to affected Ukrainian citizens

American cryptocurrency exchange Kraken has announced that it shall donate $1,000 in bitcoin (BTC) to each of the Ukrainian citizens who opened an account with the exchange before March 10, 2022. Overall, the total amount of funds that Kraken intends to donate to Ukrainians is over $10 million.

Kraken’s initiative aims at supporting the needy at a time when Ukraine is under attack by its neighbor, Russia. It is one among the worldwide support that Ukraine is receiving from the crypto community in terms of crypto donations the majority of the previous donations have been sent to crypto wallet addresses shared owned by the Ukraine government.

Kraken’s CEO Jesse Powell commented on the matter saying:

“We hope to continue being able to provide critical financial services in a time of need to both our clients in Ukraine and Russia. Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians.”

Free conversion and immediate withdrawals

Once the Ukrainian Kraken account holders receive their donations, they will be free to withdraw the funds immediately. Besides the $1000 donation in bitcoin, Kraken shall also be distributing $1000 Kraken Fee Credits to allow the beneficiaries of the donations to make conversions at zero cost.

Kraken went ahead and explained that the $10 million worth of bitcoin that it wishes to donate to Ukrainians equals the total trading fees obtained from Russian-based clients within the first months of 2022. It is in a show of Kraken’s disapproval of the ongoing military operation in Ukraine and Kraken does not feel it is worthy benefiting from any transactions made by Russians.

Exchanges reaction to the Ukrainian invasion

Immediately Russia began its military operation in Ukraine, Ukrainian Vice Prime Minister Mykhailo Fedorov made a plea to the leading crypto exchanges to freeze all addresses belonging to Russian users.

Binance and Kraken did not however agree with the prime minister’s plea, with Binance arguing that “crypto is meant to provide greater financial freedom,” and such a move would go against the core value of the industry. Binance also went ahead to say that a majority of those accounts belong to innocent individuals who are not for the war. Binance views of the cryptocurrency industry being about freedom were supported by Kraken.

Coinbase, on the other hand, went ahead and blocked about 25,000 addresses belonging to Russian clients supposedly connected to the ongoing war.

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Highlights March 10: AVAX leads major cryptos’ slide, US markets surge

US President Joe Biden signed an executive order instructing federal agencies to prepare a strategy on the ‘future of money’ and the role of crypto assets within it. Major cryptos were in the red over the past 24 hours.

All three US markets surged yesterday as hints of dialogue between warring Ukraine and Russia emerged, despite continued violence on the ground.

The UK100 had its best day in nearly two years thanks to investor confidence on possible changes of tone in the Ukraine crisis, rising 3.05%.

The price of oil plummeted yesterday, falling more than 10% on the back of reports of progressing talks. UAE pledged to support moves by OPEC nations to increase production levels to quell surging crude prices.

Top cryptos

Avalanche dropped 8%, Solana and BNB were down more than 6%, and Ethereum more than 4%. Bitcoin was trading above $39,000 at time of writing, down more than 5% over the past 24 hours.

Although Shiba Inu is down by 7%, it is trending on a recent SHIB burn party and NFT giveaway, hosted by the platform Bigger Entertainment. It was discussed by the Turkish minister of economy at an official event today.

Cosmos is the biggest loser in the top 20 today, down by more than 8%.

Top movers

The situation in the top 100 is equally bleak with a few notable exceptions. Waves’ rally continues. The token, created by Ukrainian Alexander Ivanov, was trading for $26.72 at the time of publication and was up 11.50% in the last 24 hours, bringing its weekly gains to over 45%.

Early this morning, THORChain’s token RUNE spiked 34% after synthetic assets were activated in the ecosystem. After the update, THORChain has half the swap fees, making swaps cheaper and faster for traders. It’s now possible to do near-instant trades at a high volume.

OMG was listed in the pair OMG/USDC on Bitrue yesterday, leading to a surge of OMG Network’s native token. It gained 11% today.

The biggest winner is ICX, the token of South Korean ecosystem Icon. After Yoon Suk-yeol won the presidential election in South Korea, the token broke into the top 100. It has gained 35% in the last 24 hours, approaching the equivalent of one dollar.

The new president wants to deregulate the crypto industry in South Korea and supports the Icon Network, which issues the coin.

As the conflict awaits resolution, privacy coins are starting to sink. Monero is shedding gains, having lost 12% of its value so far today. Harmony is down 11%.

Trending

The biggest gainer today is Kawakami, changing hands for $0.000002. Kawakami is up 828% in the last 24 hours.

Kawakami is the decentralized ecosystem for meme projects fueled by the $KAWA token. Even though the team is taking the lead on development, it acts as a decentralized autonomous organization. 

The aim is to create a fully-fledged ecosystem for meme tokens with a line of powerful tools and products, enabling investors to make educated decisions.

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No end to Waves rally in sight: these are the best places to buy Waves now

The live Waves price today is $26.72 with a 24-hour trading volume of just under $3 billion. Waves is up 11.50% in the last 24 hours, bringing its weekly gains to over 45%.

This guide has all the information you need about Waves: what it is, if it’s worth investing in, and where to buy Waves.

Top places to buy Waves now

As WAVES is such a new asset, it’s yet to be listed on major exchanges. You can still purchase WAVES using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy WAVES right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for WAVES

Now that you’re connected, you’ll be able to swap for 100s of coins including WAVES.

What is Waves?

Waves was launched in 2016 after one of the first ICOs in the crypto industry. The multipurpose blockchain platform supports dApps and smart contracts.

It aims to increase speed, use cases, and intuitiveness. The WAVES token is an uncapped supply token used for block rewards and other standard payments.

Waves was created by Alexander Ivanov, a scientist born in Ukraine. Before founding the platform, he had released an instant exchange and an indexing site.

Ivanov is credited with creating the first stablecoin. It was called CoinoUSD and pegged to the U.S. dollar.

Waves aims to attract business clients who are interested in using the blockchain to create new services or improve certain processes.  

Should I buy Waves today?

Waves can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.  

Waves price prediction

Digital Coin Price sees a consistent uptrend. Its price predictions are as follows:

  • 2022: $32.58 – $36.84
  • 2023: $35.26 – $43.02
  • 2024: $32.61 – $45.80
  • 2025: $45.88 – $57.12

Waves on social media

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OMG gains 11% on news of Bitrue listing: top places to buy OMG

OMG was listed in the pair OMG/USDC on Bitrue yesterday, leading to a surge of OMG Network’s native token. The 99th biggest coin by market cap is currently trading for $4.42.  

Look no further than this short article to find out what OMG is, if you should buy it, and the top places to buy OMG today.

Top places to buy OMG now

As OMG is such a new asset, it’s yet to be listed on major exchanges. You can still purchase OMG using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy OMG right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for OMG

Now that you’re connected, you’ll be able to swap for 100s of coins including OMG.

What is OMG?

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain.

It is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain.

According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS). OMG is used to pay fees on the network.

Should I buy OMG today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

OMG price prediction

According to analyst platform Price Prediction, OMG will reach at least $5.37 this year. It can go up to $6.30 with the average trading price of $5.53. In 2023, 1 OMG will be worth at least $7.60.

The highest it can go to next year is $9.16 with the average price of $7.88 throughout the year. In 2024, the minimum level will be $11.17. OMG can go up to $13.18 in two years.

OMG on social media

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