Gavin Wood, the founder of the Polkadot (DOT) blockchain platform has just donated $5.8 million worth of DOT tokens to Ukraine. Polkadot Founder Donates $5.8M to Ukraine A few days ago, Polkadot founder, Gavin Wood announced that he would be donating $5 million to support the Ukrainian government’s efforts in its war against Russia if they include a $DOT address in addition to Bitcoin (BTC), Ethereum (ETH), Tether (USDT). If you post a DOT address I'll personally contribute $5m. — Gavin Wood (@gavofyork) February 27, 2022 Yesterday, he followed up on his promise and donated $5 million, posting a receipt of the transaction in a tweet. https://t.co/bFyYkKDseL — Gavin Wood (@gavofyork) March 1, 2022 According to the DOT transaction, the Polkadot founder just shared, the total donation amounts to 298,367 DOT tokens. Given DOT/USD currently trading around $19.05, Wood’s donation stands at around $5.8 million. The Polkadot address appears to have collected a slew of smaller donations both before and after Wood’s contribution. The address’s 6th donation, worth 10,000 DOT appears to be the 2nd largest it has received. In total, the Polkadot address now holds 324,580 DOT tokens worth over $6 million. Ukraine Receives Millions in Crypto Donations Ukraine has amassed tens of millions of dollars in crypto donations within a week. In fact, the country’s Bitcoin address has received over 200 BTC worth $8 million while its Ethereum address has got over 2500 ETH worth $7 million. Polkadot is an open-source cross-chain bridge blockchain platform. Founded in 2016, its native cryptocurrency DOT is currently the 11th largest by market cap.
Former Goldman Sachs hedge fund manager and crypto billionaire Mike Novogratz has recently weighed on the crypto market situation amid the ongoing Russia-Ukraine war crisis. Speaking to Bloomberg on Tuesday, March 1, Novogratz said that the Russia-Ukraine war will serve as a potential booster to Bitcoin and crypto while moving people away from the U.S.
Bitcoin spiked to test the $45,000 resistance against the US Dollar. BTC is consolidating gains and might correct lower towards $43,000 in the near term. Bitcoin extended increase and traded close to the $45,000 resistance zone. The price is trading above $44,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $44,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower if there is a move below the $43,000 support zone. Bitcoin Price Extends Rally Bitcoin price started a major increase above the $42,000 level. BTC was able to stay above the $43,000 level and consolidating near $44,000. Finally, there was another increase and the price climbed above $44,500. The price traded close the $45,000 resistance, where it faced sellers. It is now consolidating gains and there was a minor decline below the $44,500 level. The price is now trading above $44,000 and the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the upward move from the $37,030 swing low to $44,955 high. There is also a key contracting triangle forming with resistance near $44,450 on the hourly chart of the BTC/USD pair. Bitcoin is now facing resistance is near the $44,200 level. The first key resistance is near the $44,450 level and the triangle upper trend line. Source: BTCUSD on TradingView.com The main resistance is now near the $45,000 level. A clear move above the $45,000 resistance could send the price further higher. In the stated case, it could even attempt a clear move above $45,500. Dips Limited in BTC? If bitcoin fails to clear the $44,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,800 zone and the triangle lower trend line. The next major support is seen near the $43,000 level. If there is a downside break below the $43,000 support, the price might gain decline towards $41,000. It is near the 50% Fib retracement level of the upward move from the $37,030 swing low to $44,955 high. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still correcting from the overbought zone. Major Support Levels – $43,800, followed by $43,000. Major Resistance Levels – $44,200, $44,450 and $45,000.
An Atlas 5 successfully launched the latest in a series of geostationary weather satellites March 1, exactly four years after the launch of the satellite it is replacing.
MINNEAPOLIS–(BUSINESS WIRE)–$PIPR—Piper Sandler Companies (NYSE: PIPR), a leading investment bank, announced today the final closing of the Piper Heartland Healthcare Crossover Fund I (the “Fund”), with over $200 million in committed capital. The Fund has already made seven investments deploying approximately $40 million in capital. The Fund is the first investment vehicle for Piper Heartland […]
A complaint filed by the New Mexico Horsemen’s Association (NMHA) accuses the state’s racing and gaming regulators of protecting private racetracks that allegedly siphoned off millions of dollars. The complaint was filed February 24 with the New Mexico State Ethics Commission and announced Monday. It claims the New Mexico Racing Commission and the New Mexico […]
Governments around the world have implemented decarbonisation goals and legislation to help achieve net zero emissions by 2050 — which means there has never...
The days ahead are looking brighter for seniors in need of medical marijuana in DC and it is sure to get better. With lesser restrictions, more seniors can easily procure the products whenever the need arises. Self-certification also helps to reduce associated costs with no need for recurring visits to see a doctor. Advocates and cannabis reform loyalists are still pushing for more changes but this is a step in the right direction.
Master Yi, Gwen, Ahri, and of course the Hullbreaker item have run rampant in LoL Season 12. However, Riot Games has finally decided to put a stop to it in the new League of Legends patch 12.5. With the exception of the new bee skins, this new League of Legends patch does really not introduce […]