Tag Archives: Ukraine

According to data from blockchain analytics firm Elliptic, crypto is giving the military in Ukraine the money it needs to defend itself. More than $4 million in donations have made their way into the Eastern European country, and much of that money stems from bitcoin and crypto. Ukraine Is Getting a Lot of Crypto The world was shocked last week when Vladimir Putin – the leader of Russia – invaded his country’s neighbor of Ukraine. As a means of helping the impoverished...

The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons and direct combats but also by striking them digitally. A few days ago, Mykhailo Fedorov – Ukraine’s Vice PR – announced the government will create an IT...

Former US presidential candidate – Hillary Clinton – criticized those cryptocurrency trading venues that refused to stop servicing Russian-based users. She once again opined that digital assets should be put under a regulatory framework. Crypto Should Not Become an Escape Hatch to Russia Amidst the Russian invasion in Ukraine, Mykhailo Fedorov – the latter’s Vice Prime Minister – asked the leading digital asset platforms to freeze all Russian users’ blockchain addresses....

Gavin Wood – founder of Polkadot – recently donated $5 Million worth of DOT to support Ukraine’s defense against Russian military aggression. The founder promised to provide the funds so long as Ukraine provided a DOT address publicly, which it now has. Ukraine Open To Crypto Following Russia’s invasion of the country, Ukraine took to Twitter on February 26th to solicit support through crypto donations from the international community. At the time, the country only provided a...

Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine. However, they imposed severe monetary sanctions on Russia, aiming to destabilize it and cut its financial connection with the Western world. The...

The world’s leading digital asset exchange – Binance – does not intend to freeze the accounts of Russian-based individuals, a spokesman for the platform revealed. He further argued that “crypto is meant to provide greater financial freedom,” and such a move could oppose the concept of the industry. In-Line With Kraken Russia’s “special military operation” in Ukraine seems nowhere near an end as the tension between the two countries keeps escalating. As of the moment, the USA,...

Mykhailo Fedorov – Vice Prime Minister of Ukraine – has called on crypto exchanges to freeze all Russian users’ blockchain addresses to help Ukraine defend itself from Russia’s invasion. In a tweet on Sunday, Fedorov emphasized the importance of both cutting off crypto access to Russian and Belarusian politicians, as well as “sabotaging ordinary users”. The request follows a slew of sanctions against Russia from western allies, including freezing the assets of Russia’s four...

The White House, alongside the European Commission, Canada, the United Kingdom, Germany, and Italy, announced in the late hours of Saturday evening that they would be expelling certain Russian banks from the SWIFT payment system. In a joint statement, the parties wrote that: “This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.” While also pledging the […] “restrictive measures that will prevent...

Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks of increasing tension between the two former Soviet states, Russian President Vladimir Putin launched a...

Western and Asian leaders have revealed more sanctions on Russia after its forces invaded Ukraine. Australia, New Zealand, Taiwan, the European Union, and Japan have all slapped Moscow with fresh embargoes on Friday, fiercely condemning the military aggression that’s unfolding in Ukraine. Amidst the crisis, Ukraine urged the West to ban Russia from SWIFT, the high-security network that expedites payments among some 11,000 financial institutions in over 200 countries. Earlier...