Ruble-denominated Bitcoin volume surges to 9-month high
Trading volumes between the Russian Ruble and Bitcoin increased to a nine-month high as the country’s fiat currency fell to record lows. This is due to the fallout of Russia’s invasion of Ukraine. Ruble (RUB)-denominated bitcoin volume surged to nearly 1.5 billion RUB on Thursday, hitting its highest level since May. The spike in trading volumes came as investors scrambled to move out of the Ruble, fearing stricter sanctions from western countries.
Crypto prices today: Bitcoin surges 14%, ETH rises 11.5%
Bitcoin is currently trading at $43,439, a 14% jump over the previous day. Ethereum rose 11.6% over the last 24 hours to $2,918.7. Solana rallied 11.45% to $96.86, while Cardano is up 11% to $0.96. Polygon (MATIC) is up 9.9% to $1.6. The global crypto market cap stands at $1.91 trillion, an 11.5% increase over the previous day.
Israeli Defence Ministry seizes crypto wallets linked to Hamas funding
The Israeli Defence Ministry has seized digital wallets containing cryptocurrency allegedly intended to fund the terrorist group Hamas. Defence minister Benny Gantz signed a seizure order for 30 wallets containing tens of thousands of shekels linked to 12 digital accounts.
eBay could soon permit Bitcoin, Ethereum, and Altcoin payments
Multinational e-commerce giant eBay is reportedly looking into accepting cryptocurrency as a means of payment. eBay accepting cryptos like Bitcoin and Ethereum could further aid mainstream adoption. Since Gen-Z is a priority target for eBay, CEO Jamie Iannone believes the evolving technology could be used to cater to the masses.
‘In crypto sector, India has potential to counter western power’: IIM Bangalore Professor
“The potential of crypto as decentralized finance is over and India should focus on creating a national blockchain strategy to make it a global player”, said IIM Bangalore professor A. Damodaran. He added that a large base of crypto-owning Indians could create multiple, technologically competent enterprises in the blockchain space. If played well, India could emerge as a major countervailing force to the crypto power of the West.
