Weekly Digest: Ukraine Gives Green Light to Crypto
Main page Digest, Ukraine, Crypto Market, Regulations

What happened to crypto market this week

Ukraine Gives Green Light to Crypto

Ukrainian President Volodymyr Zelensky has signed a law "On Virtual Assets" giving the local cryptocurrency market green light. The law describes that the National Bank of Ukraine and the country's National Commission on Securities and Stock Market will act as market's regulatory bodies.

MetaMask Plans to Issue its Own Token

Crypto wallet MetaMask intends to issue its own token, Joseph Lubin, the CEO of developer ConsenSys, has said. According to him, the company also plans to launch a decentralized autonomous organization (DAO), which will fund the development of the project.

EU Rejects Ban on PoW Cryptocurrencies

The European Union has voted against proposed rule that could have banned all cryptocurrencies based on the proof-of-work algorithm like bitcoin and ether. The European Parliament's committee had 31 votes in favor of the rule to 4 and 23 abstentions. The rule called for restrictions on ecologically unsustainable algorithms starting from January 2025.

Australian Regulator Sues Facebook for Promoting a Crypto Scam

The Australian Competition and Consumer Commission (ACCC) has filed a lawsuit against Meta, Facebook's parent company, for allegedly running misleading celebrity scam ads. The regulator claims the ads promoted crypto investments and money-making schemes on behalf of well-known Australians who had nothing to do with the projects in question.

The total capitalization of the cryptocurrency market at 17:00 (UTC) is $1,865,040,970,817

  • Bitcoin gained 7.2% to $41,583.11
  • Ether gained 14.7% to $2,936.43
  • Binance Coin gained 7.2% to $397
  • XRP gained 8.8% to $0.79

Top performer over the past week among the top 100 cryptocurrencies: APE (+1194.78%), according to CoinGecko.

Mining Profitability

  • Bitcoin: $0.2011 for 1 TH/s
  • Ethereum: $0.0446 for 1 MH/s
  • Bitcoin Cash: $0.1947 for 1 TH/s
  • Litecoin: $1.805 for 1 GH/s
  • Dash: $0.0195 for 1 GH/s
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