Driving Bitcoin Donations, Ukraine-Russia Conflict Showcases Separation Of Mo...
As the conflict between Ukraine and Russia propels social media reports and donations made in bitcoin, it underscores our decentralizing world.“There’s a problem with bank accounts, something happened… the transactions are being stopped, for whatever reason.”–Ukrainian activist Walter Lekh, in a Twitter Spaces conversation discussing avenues of donation in support of Ukraine. Developments in Eastern Europe have taken center stage for much of the world in the past few days. Aggressive and consistent flows of reporting from the ground in Ukraine as the country sees Russian troops invade are....
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The invasion of Ukraine by Russia prompted crypto donations from all around the world. It was intended to assist the country in acquiring all the necessary military weapons to withstand the conflict with Russia. Ukraine disclosed how they spent crypto donations, revealing that the majority was spent on armaments. The crypto community has chipped in $54 […]
Cryptocurrencies are being used to provide military and humanitarian aid in the Russia-Ukraine conflict. The Russia-Ukraine conflict has tested the capabilities of crypto in a real-world conflict where sanctions and inventive blockchain crowdfunding models abound.The war, which is drawing into its ninth month, has uncovered a raft of blockchain benefits, such as the capacity to support humanitarian endeavors. It has also revealed how much control national authorities can exert over crypto networks.Vadym Synegin, co-founder at IT and crypto solutions provider Tecor, told Cointelegraph that....
Bitcoin is helping to fund the Ukrainian fight against Russia. The conflict that has been on for a while has continued to rage on. This has led to a higher need for funds to aid in the fight. Volunteer organizations that provide the Ukrainian military with weapons and medical supplies have turned to crypto donations […]
Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed. Crypto Donations Soar After Russia Invaded....
With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the ethereum mining operation Flexpool announced it has halted services to Russia entirely. “We apologize to our Russian miners; many of you do not support the war — However, it is you who are supporting your nation,” Flexpool told its customers. Russia Faces a Wave of Economic Sanctions, SWIFT Still Accessible All eyes are....