welcome back everybody to altcoin daily major update today a continuing story
about russia ukraine as it pertains to bitcoin and cryptocurrency this is why you subscribe
to the channel it was just yesterday we've reported the initial news to you about russia
ukraine and how it pertains to the cryptocurrency market today's video will be a continued story
before we get into it i do want to invite you and remind you get your tickets for bitcoin miami 2022
10 off when you use altcoin daily code at the checkout this is the event to be at this is the
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tickets are going fast let's get into it russia ukraine news is really the only news worth talking
about at this point in time and it is affecting cryptocurrency in a big way if you're unaware the
other night russia as opposed to more peaceful alternatives decided to invade ukraine this is
a major world event many people talking world war iii on the horizon i'm curious to know what
you think about russia and ukraine and how it pertains to cryptocurrency in the comments below
let me update you and give you my thoughts so after russia invaded ukraine we saw other
world leaders act the us europe along with the uk japan canada taiwan and new zealand unveiled a
host of sanctions hard sanctions against russia that target their finances target their banks
target their military exports and oil refineries they're cracking down hard on russia they don't
want things coming in they don't want things getting out and there are plenty of takeaways to
this story but how it pertains to cryptocurrency bitcoin and cryptocurrency like never before
are a major part of the conversation whether we're talking about this or canada or china
many articles many important people talking about how russia can use cryptocurrency to avoid u.s
sanctions over ukraine now some people might read into this and go well of course they're talking
about cryptocurrency and bitcoin in a negative light many people could view this story as oh
cryptocurrency is going to be used to help russia avoid u.s sanctions this is what people don't
understand if you hate crypto because putin might use it you should also hate the internet gps cars
airplanes oxygen everyone can use bitcoin that's the point bitcoin and cryptocurrency are neutral
protocols the worst people can use it the best people can use it putin can use it but guess what
also ukrainians can use it this is amazing bitcoin donations to the ukrainian military are soaring
as russia invades in fact ukraine military bitcoin donations surge to over 4 million dollars
bitcoin and cryptocurrency holders are donating to help out the ukrainians in a big way the
details are as follows bitcoin donations are flooding in to support ukraine's military
as of today pro-ukrainian groups have received over 4 million in cryptocurrency since russia
invaded thursday this is according to the latest data from blockchain analytics firm elliptic
yesterday decrypt reported that the figure was under 1 million dollars it has since
increased 10 fold donations are being sent in cryptocurrency because it is quick and easy
and permissionless and uncensorable listen if you don't like what some of these politicians
or some of these countries are doing this is why we need bitcoin and cryptocurrency
so nobody can censor us donating to what we feel are good causes and being able to transact
and use our money freely in whatever way we see fit and if putin chooses to use bitcoin to avoid
u.s sanctions you know quite honestly that's what bitcoin was made for to avoid censorship
and good and bad people can use it these are truly crazy times we're living in my friends
give me your thoughts to all of this stuff in the comments below and let me update you on china
china doesn't like bitcoin and cryptocurrency for the very reason that ukrainians are using it
and why putin is considering using it china's supreme court rules that crypto transactions
constitute illegal fundraising the ruling paves the way for violators to be criminally prosecuted
with a punishment of up to 10 years in prison and fines up to almost 80 000 dollars
they don't like it because they can't control it they want to be able to tell you yes or no for you
using your money so they're banning it they're treating you as a criminal if they catch you
the details are as follows while the people's bank of china and a host of other top level
agencies declared that crypto transactions are a legal fundraising back in september of 2021
the court ruling now formally has designated them as a crime and determined the related
criminal punishment this amendment comes into effect on march 1st so this is a continuation
of of information that we knew as of last year and again china doesn't like this
because china can't control this i love what ted cruz said about bitcoin and cryptocurrency at the
latest cpac meeting now ted cruz is a republican i think aoc i think bernie sanders could say
exactly the same thing ted cruz is saying here because he's just speaking facts about bitcoin
he talks about how canada doesn't like it because canada can't control it china doesn't like it
because china can't control it and he shares an antidote i mean i believe ted cruz is originally
from canada and he shares an anecdote a true story about the canadian government contacting a bitcoin
business telling them to freeze the bitcoin accounts and the bitcoin business saying well we
don't have custody of the bitcoin it is impossible for us to do that and he talks about how
the canadian government and places like china don't like it because they can't control it
again i would love if bernie sanders or aoc and everybody from both sides said stuff like
this but it's so cool how politicians are noticing we need to decentralize we need to
break it apart it's one of the reasons why i am so bullish on crypto on bitcoin because it
is decentralized and not controllable and let me give a fantastic example so justin trudeau
said i don't like me some truckers so we're going to seize your assets
so then the court went to try to seize the crypto that was being given to the truckers
and i don't know how many of y'all saw a letter that i actually want to read from
it's a letter from a company bitcoin company called nunchuck
here's part of the letter dear ontario supreme superior court of justice
our software is free we do not collect any user identification information beyond email addresses
we also do not hold any keys therefore we cannot freeze our users accounts
we cannot prevent them from being moved we do not have the knowledge
of quote the existence nature value and location of our users assets
this is by design
please look up how self-custody and private keys work
when the canadian dollar becomes worthless we will be here to serve you too
that is spectacular by the way contrast that to the craven sniveling response of corporate america
when others when some whiny snowflake tweets at them think oh my god i'm sorry
i'm sorry i'm sorry sir like god bless you saying to the government go jump in a lake
that's how our country was founded
that is powerful by the way that is also why china recently banned bitcoin
because they can't control it which is the exact same reason elizabeth warren hates bitcoin
the chinese communists and elizabeth warren they both want to control you your assets your
savings your speech your life your children every decision they want to control and so we need to
break up the means of controlling the citizenry next up polygon and chain link are being gobbled
up by three of the 1000 largest ethereum whales snapping up massive amounts of manic and link
reports reveal that demand for manic and link is on the rise as eath whales stock up nearly
6 million worth of these digital assets in less than 18 hours do these whales know something that
we don't are you bullish on matic are you bullish on link well we've just seen some whales take out
huge huge amounts of these coins anyway guys let me know what you think about nfts or ukraine or
china or ted cruz in the comments below things are getting interesting and we're on the forefront of
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