Amid conflict, NFT projects already seek to rebuild Ukraine
Ukraine is raising funds using NFTs, showcasing the decentralized, trustless nature of blockchain technology at its best. The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy.Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern....
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Crypto donations have proven vital for Ukraine and its people, as the country has received over $100 million in crypto donations since the conflict broke out. The United Nations High Commissioner for Refugees (UNHCR), a UN agency for refugees, has accepted its first-ever crypto donations toward humanitarians aid for Ukrainians fleeing the war-torn nation.UNHCR accepted $2.5 million in Binance USD (BUSD) stablecoin donations from Binance Charity that would be utilized to rehabilitate and support refugees fleeing to neighboring countries from Ukraine.According to a report from the USA for....
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....
As the conflict between Ukraine and Russia propels social media reports and donations made in bitcoin, it underscores our decentralizing world.
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia. Ukraine Citizens Not Allowed to Buy Crypto Abroad From Local Currency Accounts The National Bank of Ukraine (NBU) has issued a notice detailing the introduction of certain restrictions on cross-border transactions that private individuals can make. The move aims to curb the “unproductive outflow of....
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statement posted on Twitter late on Friday, condemning Russia’s invasion of....