Lifeboat Foundation

Nearly $20 million has been raised in cryptocurrencies like bitcoin and ether since Russian forces invaded Ukraine last week.

The geopolitical tension surrounding Russia’s invasion of Ukraine is intensifying. In retaliation to Russia’s attack on the sovereign nation, Western nations have either imposed or are contemplating sanctions against the country.

Although cryptocurrencies have sunk deep into the red in reaction to the Ukrainian crisis, analysts see the space as a potential beneficiary.

What Happened: The sanctions may not produce the intended effect in Russia, where cryptocurrency ownership is relatively higher, according to Bloomberg. The country is also taking steps to legalize cryptos.

With Ukraine’s proposed law recognizing bitcoin and other cryptocurrencies, the stage is set for the country to become a leader in the market.

Billionaire entrepreneur and shark tank star Mark Cuban says he’s heavily invested in two popular altcoins while waiting for the first viral crypto app to emerge.

In a new interview with Crypto Banter, Cuban says that he owns “a lot” of Ethereum (ETH) and Polygon (MATIC) due to their strong use cases.

A new type of bot is being sold to criminals who program it to make robocalls that drain cryptocurrency accounts.

Its “blockchain accelerator” is set to ship later this year.

Intel is working on a new sustainability-focused chip designed to mine cryptocurrency. One of its first customers include the Jack Dorsey-owned fintech company Block (formerly known as Square).

Coinbase Global has removed ‘how to buy’ instructions for at least three crypto tokens which have been the subject of ‘rug pull’ warnings that investors may lose their money, saying on Thursday it plans to improve safeguards. Jaclyn Sales, a spokesperson for Coinbase, said the links were removed from the cryptocurrency exchange’s website after they were brought to its attention this week by Reuters. Nasdaq-listed Coinbase features pages offering tips on investing in tokens and the pages in question were informational rather than making them available to trade on its app or wallet.