Crypto Market Overview March 14th | Dex-Trade

Crypto Market Overview March 14th | Dex-Trade

Crypto Market Overview – March 14th, 2022


Ukraine Will Create an NFT-Museum of War Against the Russian Federation

The government of Ukraine announced its intention to create an NFT collection in format of a digital museum with token exhibits that will reflect individual events of Russian aggression against the country and the war crimes of the occupying army, through which it will be possible to track the overall course of hostilities and get a complete picture of the invasion. Deputy Minister of Digital Transformation of Ukraine, Oleksiy Bornyakov, reports that with the help of the digital museum, the Ukrainian people will be able to collect moments of their war history and convey it in the way that the citizens of the country have experienced and are experiencing. He also added that the implementation of such a project will take some time, since the facts of military aggression must be confirmed by the world community. According to Bornyakov, each NFT will include irrefutable reports from reputable news outlets around the world about the war in Ukraine. Thus, the tokens will become unique works of art — stories about military events obtained from reliable sources. Recall that governmental and non-governmental volunteer organizations of Ukraine received assistance in the amount of more than $100 million in cryptocurrencies for the list of wallets opened in the first days of the war. Bornyakov wrote a tweet in which he thanked the donators of Ukrainian crypto funds, and also provided them with detailed information on how and where donations are spent.


Exhale: Musk Is Not Going To Sell His Cryptocurrency Savings

The CEO of Tesla and SpaceX on Sunday polled his Twitter audience of 77 million on what they think about the rise in inflation in the major economies in the coming years and received a comment from MicroStrategy CEO Michael Saylor, who believes that due to rising inflation in US digital assets will rise in price. The "Father of E-Cars" replied to Saylor that his point of view is quite predictable, mentioning that "it is generally better to own physical things like a home or stock in companies you think make good products." But in the same post he wrote:

“I still own & won’t sell my Bitcoin, Ethereum or Doge FWIW.”

Musk doesn't comment publicly on his crypto portfolio often. Much more regularly he uses Twitter to post memes and argue. For example, immediately after the announcement about the crypto, he challenged the Russian dictator putin to a duel and offered to fight for Ukraine. And later, the creepy manager of the Russian space agency Dmitry Rogozin answered him, inappropriately quoting the verse of the Russian poet Pushkin and once again demonstrating his incompetence.


The Japanese Government Will Monitor Compliance With Sanctions Against Russia

The Japanese government has officially banned cryptocurrency exchanges from processing transactions with digital currencies, which are subject to the sanctions of the G7 countries, which provide for the freezing of assets of Russia and Belarus, which unleashed a war against the people of Ukraine. The advanced economies that make up the G7 are increasingly concerned that Russian organizations and individuals may be using cryptocurrencies as a loophole to circumvent financial sanctions. For example, the US Department of the Treasury has already published new recommendations, according to which it is advisable for US crypto firms to avoid working with sanctions accounts. In a joint statement, the government and the Japanese Ministry of Finance also indicated that they will cooperate to strengthen measures against crypto assets that violate sanctions. Management of digital exchanges that process transactions related to sanctioned individuals can now face a maximum penalty of three years in prison or a fine of ¥1 million yen ($8,487.52). By the way, according to the Japan Cryptocurrency Association, on March 4, 31 crypto exchanges were registered in the country.