Global supply-chain logistics company Flexport says they now have bitcoin on the balance sheet. Flexport has a valuation of $8 billion with $1.6 billion on the balance sheet. The amount of BTC has not been disclosed, however the company did list the Bitcoin white paper on their website.
The official crypto wallets of Ukraine have started accepting donations from the Polkadot ecosystem. Polkadot co-founder Gavin Wood has donated $5.8 million or 298,367 DOT.
Billionaire founder of Citadel Securities, Ken Griffin, has changed his tone regarding the crypto industry. Formerly one of the fiercest critics of crypto, Griffen said that Citadel will likely invest in cryptocurrencies in the next few months.
Electric Capital has raised $1 billion for the launch of two new funds; one for tokens and one focused on venture. The firm will concentrate on DAOs, NFTs, DeFi, decentralized infrastructure and accessibility in Web3.
U.S. stock indexes slipped along with bond yields Tuesday, as the invasion of Ukraine continued to whipsaw through markets. Stock markets have been battered to start 2022, with the S&P 500 posting one of the worst two-month stretches to start the year.
Oil prices surged Tuesday, with the benchmark WTI crude hitting its highest level since June 2014 closing at $103.41 per barrel, for a gain of 8.03%.
Commodity prices soared the most since 2009 as Russia’s invasion of Ukraine threatens key supplies of energy, crops and metals that were already tight as major economies emerged from the pandemic.
European Union ambassadors agreed to exclude seven Russian banks from the SWIFT financial-messaging system but spared the nation’s biggest lender Sberbank PJSC and a bank part-owned by Russian gas giant Gazprom PJSC.