Weekly summary of the cryptocurrency messages 26.02.2022

The central theses:

• The crypto sector recovered and calmed down after the crash on Thursday, which was triggered by the Russian invasion of Ukraine
• yat siu from Animoca Brands believes that Bitscrunch will play an important role in the future of meta personation
• NGO, which was founded to support the Ukrainian military, provides for more than $ 5.3 million in crypto donations
• Court imposed fines against Bitmex founders who guilty of money laundering
• Coinbase predicts that the staking rewards from Ethereum will increase significantly after the merger

Terra's native Token LUNA leads old coins in market recovery

The news from Thursday morning via Russia's invasion into Ukraine sent the market up, with many of the top cryptocurrencies experiencing a dive. Since then, the crypto sector has experienced a comeback and has preserved the upward trend. Bitcoin (BTC) has increased by 1.08 % in the last 24 hours and tries to reclaim $ 39,000. Ethereum (ETH) has increased by 5.80 % in the same period and is currently traded at $ 2,748 Coinmarketcap .

Cardano (ADA), whose price has been drastically fell to $ 0.7528 - levels that were last reached in February have increased by 6.42 % and is currently changing the owner at $ 0.89. The ascent has also led to the seventh place under the top cryptocurrencies after market capital. The Native Coin XRP from Ripple kept its double -digit profits - an increase of 11 % to 0.767 at the time of printing.

luna from Terra recorded the greatest upswing among the top 10 crypto-assets and won 15.35 %to overcome resistance at $ 75. The token is traded at $ 75.22, more than 43 % below its brand from last Saturday. Meme coins have also recovered, with Shiba Inu (Shib) and Dogecoin (Doge) rose by 6.76 % or 4.74 %.

The NFT analysis company Bitscrunch collects $ 3.6 million in a round

The blockchain analysis company Bitscrunch On Thursday it collected 3.6 million US dollar via a private token sale in one Financing round, which was led by the risk capital company Animoca Brands. Several investors also took part in the group, including Polygon Studios, Coinbase Ventures and Crypto.com.

The company said it intended to use the funds collected to expand its team and to secure as many large chains as possible. CEO of VIJAY Pravin Maharajan told coin telegraph that Bitscrunch NFTS already supports in some prominent blockchains, including Ethereum, Solana, Polygon, Polkadot and Avalanche.

The crypto analysis company Elliptic found that around $ 400,000 of Bitcoin donations were sent to the group within the first few hours. Data from Blockchain.com 5.32 million dollars (136,87945318 BTC) were collected.

The founders of the Bitmex crypto tours admit regular violations

The US public prosecutor, Southern District of New York, called the founders of the crypto exchange Bitmex, Arthur Hayes and Benjamin Delo, admitted to violating regulatory requirements, more precisely against the law on banking secrecy.

The law includes a number of provisions to combat money laundering, which are to be implemented by the institutes. According to US lawyer Damian Williams, the couple did not comply with the law by deliberately ignoring the requirement “to set up, implement and maintain a program to combat money laundering.

The founders accepted that they intentionally sold unregulated securities and benefited massively. Williams, the prosecutor, described Bitmex as a money laundering system for the illegal offers to customers in the USA.

The specific cases brought to court were Hayes' frequent appearances in American television programs with the aim of promoting exchange at the mainstream audience. Delo is said to have expressly approved a retail trade on the stock exchange.

After you have guilty of your misdeeds, the two pay a fine of $ 10 million and are lucky enough to avoid a maximum prison sentence of a maximum of five years.

Ethereum validists could receive twice the current rewards in June, estimates Coinbase

The crypto exchange Coinbase recently predicted that the upcoming merger between the Mainset of Ethereum and the Beacon Chain would have an enormous influence on the rewards that receive on-chain validators. Platforms such as Coinbase enable investors to invest their ether in a pool if they are unable to meet the 32 ETH required for the operation of a validator node.

The stock exchange said that the validator rewards would probably increase to 9 to 12 % effective annual interest rate, from currently 4.3 % to 5.4 % effective annual interest. The reason for this is that after the merger has been completed, the Ethereum staking returns now contain the fees (with the exception of the basic fees) that are currently in the hands of the miners.

The fusion of Ethereum in the Consensus layer has been in discussions for some time. His arrival is expected because it is expected to improve the largest intelligent contract ecosystem by introducing better speed and scalability of the network.

A change from a proof-of-work to a proof-of-stake consensus mechanism also eliminates the need for miners that would otherwise mean high energy consumption.