How crypto became a major source of relief for embattled Ukraine
Illia Polosukhin, Ukraine-born crypto entrepreneur and Near protocol co-founder, explains how crypto has become an invaluable instrument for supporting Ukraine’s resistance. “Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine,” said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto fundraising efforts aimed at supporting Ukraine against Russia’s offensive. Right after Russia's attack on Ukraine started on February 24, Polosukhin and other....
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In response to the military crisis in Ukraine, Binance Charity has committed $10 million to major Intergovernmental Organizations and local NGOs, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in Need. They also launched a crypto-first crowdfunding site, Ukraine Emergency Relief Fund to allow people to donate crypto to help provide emergency relief to refugees and children and to support logistics on the ground such as food, fuel and supplies. Helen Hai is the Head of Binance Charity. She recently joined the Bitcoin.com News Podcast to talk about organization’s....
“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm. Crypto trading company Currency.com has announced it halted operations for clients based in Russia following the country’s “violence and disorder” imposed on the people of Ukraine.In a Tuesday announcement, Currency.com said Russian residents would no longer be able to access its services following the platform’s decision to stop Russia-based clients from opening new accounts. According to Currency.com’s website, the Gibraltar-based crypto trading....
It is no surprise that international support for Ukraine continues to grow following the invasion by Russia. After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. For example, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto money industry did not remain idle either. Binance, the world’s largest crypto exchange by volume, has announced a $10 million donation to Ukraine. Also launching an emergency fund for the affected country. On his Twitter account, CEO CZ noted, “Our focus is providing....
XLM benefits from a Ukraine government partnership and becomes the latest addition to 2021's new altseason. Stellar (XLM) is winning the battle of the blockchain payment networks against Ripple this week as sentiment flips in its favor.Data from monitoring resource The TIE confirms that long-term sentiment towards XLM is now higher than towards XRP, the altcoin in which embattled Ripple is the largest stakeholder.XLM sentiment beats out XRPThe figures serve as the latest warning to XRP investors, who have looked on in dismay as legal problems for Ripple in the United States cause its value....
“While significant, the $2.2M worth of crypto donated to pro-Russian orgs still pales in comparison to the tens of millions in crypto donated to Ukraine,” said Chainalysis. According to data from crypto analytics firm Chainalysis, users have sent more than $2 million in crypto to 54 pro-Russian groups since Feb. 24, a fraction of that received by many wallets controlled by the Ukrainian government.In a Friday blog post, Chainalysis said it had tracked funds sent to social media accounts controlled by pro-Russian groups in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USDT-TRX, and Dogecoin....