The Finnish government reportedly donated 1981 Bitcoins (BTC) seized by its customs officials in several criminal operations to Ukraine.
In other news, Goldman Sachs has created its first Bitcoin-backed lending product. They gave the borrower a cash loan using Bitcoins as collateral, Bloomberg reported.
Goldman Sachs has offered its first-ever Bitcoin-backed lending facility, a milestone for a major US bank that is accelerating Wall Street’s adoption of cryptocurrencies
—Bloomberg (@business) April 28, 2022
Global crypto market capitalization fell 0.3% to $1.8 trillion as of 8:50 a.m. However, global crypto volume increased 14.08% to $95.48 billion, according to data from Coinmarketcap.
Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $39,453.65, down 0.04% in the past 24 hours. Ethereum (ETH), however, rose 0.78% to $2,911.33.
“Bitcoin and Ether rebounded, major cryptos mostly in the green. Bitcoin is trading within a tight trading range with support at $37,500 and initial resistance at $43,000. Overall, momentum signals have weakened,” says Gaurav Dahake, CEO and Founder, Bitbns.
Among other major coins, Cardano (ADA) was down 1.05% at $0.8357, Algorand (ALGO) was trading with a 3.58% gain at $0.6917, Binance Coin (BNB) was up rose 3.18% to $403.66, Solana (SOL) was trading with a loss of 2.03% to $97.58, and Polkadot (DOT) was down 0.96% to $16.84 .
Today’s top gainer was Tom Coin (TMC) which rose 3472.32% to $0.000000001356. The big loser was BiggerMINDS
(MIND), which was down 100% at $0.000004951.
Meme Coin and DeFi prices
Dogecoin (DOGE) fell 3.19% to $0.1366. Its volume to market capitalization ratio is 0.05401. Rival Shiba Inu (SHIB) was down 1.91% at $0.00002282.
Dogelon Mars (ELON) lost 4.08% to trade at $0.0000009916, Floki Inu (FLOKI) fell 5.87% to $0.0000196, but Samoyed Coin (SAMO) rose 4, 56 cents to $0.01655.
In the DeFi segment, YFI (yearn.finance) rose 0.63% to $17,953.66, Terra (LUNA) traded with a loss of 3.1% to $87.35.l, Avalanche ( AVAX) was down 4.72% to $66.55, Uniswap (UNI) was down 1.99% to trade at $8.09, and Aave (AAVE) was down 5.62% to trade at $8.09. trade at $163.73.
According to a government source quoted by local Finnish media organization Helsingin Sanomat, there is no legal framework in Finland for making donations of this special kind. For this reason, if Bitcoins are first converted into cash and then donated, several additional bureaucratic and legal processes will follow, which will only further delay the whole process. And due to this delay, the actual size of donations might decrease due to Bitcoin market price fluctuations.
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Finland Seeks To Donate Seized Bitcoins (BTC) To Ukraine; Mixed Crypto Market – Tech Tribune France
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