**Cryptocurrency News:**
• the U.S. law enforcement agencies seized almost $30 million worth of cryptombsa3elated to NetWalker ransomware in January 2021, according to blockchain research firm Chainalysis. The seizure is the largest ever related to ransomware.
• The wait for the crypto community’s supposedly seminal moment when bitcoin flips into a risk-off asset continues as the leading digital asset faces selling pressure amid escalating tensions between Russia and Ukraine.
Bitcoin fell over 7% to $40,500 on Thursday, registering its largest single-day decline since Jan. 21, as reports of Ukrainian forces and pro-Moscow rebels exchanging fire in eastern Ukraine saw investors ditch risky assets for safe havens like gold.
• Legislation moving through the Illinois General Assembly would, if approved, extend a data center tax incentive program to cryptocurrency miners.
• Sequoia Capital, one of the world’s oldest and most successful venture capital firms, is launching a new crypto-focused fund — its first-ever sector-specific fund since its founding in 1972. The fund’s size is $500-600 million.
• Circle — the firm behind stablecoin USDC — announced on Thursday that it had scrapped its previous deal with special purpose acquisition company Concord Acquisition Corp in favor of a new deal with the firm as it charges forward with its plan to go public.
• On Tuesday, Tharman Shanmugaratnam, senior minister and minister in charge of the Monetary Authority Singapore, said no plans to regulate NFTs.
• Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy.
• The multinational music corporation Universal Music Group announced partnered with the NFT platform Curio.

**Top 10 Trending Cryptos:**
1. TRX
4. SOL
7. FTM
8. BNB
10. BTC

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