WolfDAO Newsletter - #24
Now Earn up to 550% on Qi! Read about Nervos Network, Israeli Defense Minister, Bitcoin climbs $44,000, Hack VC Launches Crypto Fund, Shift4 acquires The Giving Block, and other protocol happenings.
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Major Crypto Exchanges to Halt Support for Ruble
The Ukrainian government made an official request to eight crypto exchanges to halt support for the Russian ruble. "Yesterday the Ministry of Digital Transformation of Ukraine made an official request to Coinbase, Binance, Huobi, KuCoin, Bybit, Gate.io, Whitebit, and Kuna asking to halt support for the Russian ruble, ruble spot pairs and fiat getaways, including Russian payment systems," Yulia Parkhomenko.
Parkhomenko, who serves in the Ministry of Digital Transformation, also echoed the Ukrainian Vice Prime Minister Mykhailo Fedorov in pushing for the addresses of all Russian customers to be sabotaged. "We firmly believe that it's crucial to block not only the addresses of crypto wallets linked to Russian and Belarusian politicians, but also to sabotage all Russian customers in order to prevent evading sanctions," Parkhomenko said.
Nervos Network
In earlier days, there were segregated networks that needed different ways to access and interact. Even after the concept of decentralization, we see the segregation into diverse ecosystems resulting in poor interoperability.
Thanks to Nervos Network. It solves the problem by offering integrated solutions that allow the developer to build Universal Apps. It enables easy access to any asset; reduces the mishandling of multiple wallets, exchanges, and seed phrases by making them accessible in a single place.
Sequoia, Polychain Capital, and Blockchain Capital are some of the backers of Nervos Network. The platform has its cryptocurrency CKByte (CKB), which fuels its ecosystem. CKB helps increase security, executes smart contracts and DApps, and rents blockchain space.
Nervos Network's blockchain allows anyone to code with flexibility. You can easily port your dApp and instantly access the entire blockchain ecosystem. Nervos Network provides working, robust Layer 2 scaling solutions scalability in action.
The network uses optimized Nakamoto consensus secured with ASIC-backed Proof-of-Work for maximum security and decentralization. Nervos ecosystem promotes sustainable crypto-economics with a built-in store of value mechanism to solve some of the biggest sustainability challenges for public blockchains.
The Crypto Wallets Linked to Hamas Funding Seized by Israeli Defense Ministry
The Defence Minister of Israel has announced the seizure of digital wallets containing cryptocurrency allegedly intended to fund the terrorist group Hamas. The order will seize 30 wallets containing tens of thousands of shekels linked to 12 digital accounts. The wallet belongs to businesses that assisted the Al'matchadun currency exchange company belonging to the Shamlach family.
Bitcoin climbs the ladder to $44,000
After the deep dive of the crypto market, Bitcoin and other altcoins are finally gaining momentum. The price of Bitcoin continued to accelerate over the day, with Bitcoin rising above $43,000 and Ethereum eyeing a move back towards $3,000. The rising costs are because of the widespread adoption of cryptocurrencies amid the Ukraine-Russia conflict.
Hack VC Launches Andreessen-Backed $200M Crypto Fund
The investment firm Hack VC announced a new $200 million fund focused on early-stage investments in the space. The fund will be co-led by Hack VC Managing Partners Alex Pack and Ed Roman and is backed by Andreessen Horowitz's Marc Andreessen and Chris Dixon, Sequoia Capital, Fidelity, Accolade Partners, and Digital Currency Group, among others. The firm plans to use the funds across the crypto and blockchain spectrum, ranging from blockchain protocols to startups.
To ease Crypto Donations to Ukraine, Uniswap Adds a Tool to Swap any Token for Ethereum
Uniswap (Decentralized exchange (DEX)) has built an interface that enables users to swap any ERC-20 token for Ethereum and donate it to the Ukrainian government in one transaction. "To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction," Uniswap tweeted.
Payment services provider Shift4 acquires The Giving Block for $54 Million
U.S.-based payment solutions provider Shift4 announced its acquisition of The Giving Block in cash and stock for $54 million, plus a potential earnout of up to $246 million. The Giving Block is an online platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations.