Bankless 📺 ROLLUP: Ukraine Crypto Donations | Russia SWIFT Sanctions | EBay Accepting ETH | Pixelmon NFTs
Mar 4, 2022
Exploring the convergence of cryptocurrency and geopolitics, the discussion dives into the impact of sanctions due to the Russian invasion of Ukraine. It highlights how individuals are using Bitcoin and Ethereum as financial lifelines amidst economic turmoil. The conversation touches on market volatility, with Bitcoin's recovery and Ethereum's challenges portrayed alongside new job opportunities in crypto. Additionally, controversies surrounding Pixelmon NFTs and the ethical complexities of donations to Ukraine are scrutinized, revealing both the promise and pitfalls of the crypto landscape.
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Crypto's Geopolitical Debut
- Crypto has entered the world stage of geopolitics, impacting global events.
- This shift elevates crypto's importance beyond mere brand recognition.
Sanctioning Russia
- Russia's invasion of Ukraine led to unprecedented global sanctions.
- These sanctions included SWIFT expulsion and the freezing of Russian Central Bank assets.
Bitcoin as a Safe Haven
- Sanctions caused ruble devaluation, prompting citizens to seek refuge in Bitcoin.
- Increased Bitcoin-ruble trading volume reflects this flight from fiat.