Ukraine

Vitalik Buterin, the co-founder of Ethereum, spoke out against the Russian invasion of Ukraine. The Russian-Canadian crypto guru said he is "very upset" with Russia's President, Vladimir Putin, and his "special military operation." In a recent tweet, Buterin said: This is a crime against the Ukrainian and Russian people. I want to wish everyone safety and security, even though I know there won’t be. He further underlined his point of view, which is different from that of the blockchain network…

Ukraine has abandoned its plans to airdrop crypto tokens as a way of rewarding its crypto supporters. The country’s Vice Prime Minister, Mykhailo Fedorov, announced this news via Twitter earlier today. In the same breath, Fedorov disclosed that Ukraine seeks to sell non-fungible tokens (NFTs) to support its Armed Forces. Fedorov’s tweet read, After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression. Instead, we…

The largest cryptocurrency exchange worldwide, Binance, has donated $10 million to Ukraine in the wake of the recent Russian invasion. This contribution to the war relief in Ukraine is just one of the many initiatives coming from the crypto industry. Moreover, donations continue to pour into the country’s crypto wallets as the conflict escalates. Binance Alleviates Ukraine’s War Costs Almost all the financial markets in the world have taken a dip as soon as Russia invaded Ukraine last week. The…

Ukraine is collecting every digital asset it can get to financially support its defense against the Russian invasion. Having amassed millions of dollars in crypto already, the nation’s Vice Prime Minister has announced that they are now accepting Solana and Dogecoin contributions. With this, Ukraine has opened donation addresses for 6 different cryptocurrencies, with possibly more to come. Calling All Crypto Holders In a tweet on Tuesday, Vice PM Mykhailo Fedorov gave thanks to the Solana Foundation and staking platform…

Ukraine is switching from fiat to crypto transactions as the Russian invasion gradually strangles the country's financial stability. While cash use declines and fiat availability drops, Ukrainians turn to BTC, Ether, and USDT to transfer assets. Furthermore, crypto donations are landing in their wallets from worldwide users as a sign of solidarity. The question is, how much will crypto influence Ukraine's resistance? Restrictions on Cash Use in Ukraine Soon after Russia invaded Ukraine, the latter’s president, Volodymyr Zelenskyy, instated the…

As the war in Ukraine rages on, Russia is facing crippling sanctions. The Ukrainian government wants these sanctions to extend to crypto. Ukraine is calling the largest crypto exchange to block all crypto addresses in Russia and Belarus. Moreover, they want to freeze the assets of both politicians and citizens. Ukraine's Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov called for the unprecedented move. It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians,…

With Russia’s invasion of Ukraine underway, crypto users have risen up to help the nation defend against its hostile neighbor. The Ukrainian military has reportedly raised $4 million in crypto through NGOs and volunteer groups since the attack began. International Crypto Crowdfunding According to live data from Elliptic – a blockchain analytics firm – crypto donations to Ukrainian NGO’s have “soared” since the beginning of the invasion. Hovering near-zero earlier this month, donations rose above $500,000 on February 24th, and…

Crypto markets crashed 10%, together with the stock market, as Russian forces started military operations against Ukraine.  Bitcoin fell to a one-month low as the crypto markets reacted to geopolitical instability. The biggest crypto traded at $35,300, down 9% from $39,000. Ethereum dropped even more, by 12.5% to $2,373. All major cryptos were in the red, posting 24-hour losses from 8% to 20%. Among the biggest losers were Cardano, Doge, Polkadot and Shib, all down 17%. Crypto markets followed a…

Bitcoin and other virtual assets are now legal in Ukraine, following a recent passing of votes within the Ukrainian parliament. The draft bill which has now been passed on second reading was initially vetoed by the President in September. President Zelensky cited at the time that it was impractical to create a fresh regulatory body to exclusively oversee Bitcoin or other crypto assets.  The bill was returned to the parliament, which would make adjustments based on Zelensky’s recommendations. Six months…