Crypto Donations Pour in After Ukraine Authorities Asks for Bitcoin and Ether — $17 Million Raised so A long way

Crypto Donations Pour in After Ukraine Government Asks for Bitcoin and Ether — $17 Million Raised so Far

Ukraine has raised more than $17 million in cryptocurrency donations since Russia started its invasion. Over $10 million accumulate been donated on to the crypto wallets posted by the Ukrainian executive about 24 hours after the manager solicited donations in bitcoin, ether, and tether.

Crypto Neighborhood Responds to Ukrainian Authorities’s Plea for Cryptocurrency Donations

The Ukrainian executive started soliciting cryptocurrency donations Saturday morning. The official Twitter memoir for Ukraine tweeted: “Stand with the individuals of Ukraine. Now accepting cryptocurrency donations. Bitcoin, ethereum, and USDT.” The tweet also involves a BTC take care of and an take care of for ETH and USDT donations. Mykhailo Fedorov, vice top minister of Ukraine, also tweeted an identical message.

Following the Ukrainian executive’s solicitation of crypto donations, blockchain recordsdata analytics firm Elliptic said Sunday:

The Ukrainian executive and NGOs providing toughen to the navy accumulate raised $17.2 million by hundreds of cryptocurrency donations because the originate of the invasion.

“Twitter accounts belonging to the Ukrainian executive accumulate posted pleas for cryptocurrency donations. The addresses mentioned in the tweets accumulate already got $10.6 million across 13,670 transactions,” Elliptic detailed. “This involves a single donation charge $1.86 million, which looks to accumulate originated from the sale of NFTs [non-fungible tokens] in the beginning intended to expand funds for Julian Assange.”

The blockchain analytics firm persevered:

The wide majority of donations got so a ways accumulate been in bitcoin and ether, even supposing US greenback stablecoins make a contribution a first-rate percentage.

A chart exhibiting which cryptocurrencies accumulate been donated to the Ukrainian executive and nonprofit organizations supporting the Ukrainian navy. Source: Elliptic

Elliptic extra identified that crypto supporters are no longer true donating cryptocurrencies to the Ukrainian executive. “Of us are also sending NFTs to the Ukrainian executive’s Ethereum memoir. One such NFT has a ticket of roughly $300,” the firm wrote.

Olexander Scherba, Ukraine’s ambassador to Austria between 2014 and 2021, commented on the Ukrainian executive soliciting crypto donations. He tweeted:

To individuals who are seeking to abet in bitcoin. Bitcoin is formally legit in Ukraine.

Moreover donations to the Ukrainian executive, one non-governmental organization (NGO) has got a noteworthy quantity of cryptocurrency donations. News reported Friday that “Advance Inspire Alive” had raised more than $5 million in bitcoin. On the time of writing, the organization has got 170.05722596 BTC, charge about $6.6 million on the newest bitcoin ticket.

What attain you suspect about the Ukrainian executive soliciting for crypto donations? Allow us to know in the feedback share under.

Kevin Helms

A student of Austrian Economics, Kevin stumbled on Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, delivery-source programs, network results and the intersection between economics and cryptography.

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