Skip to main content

Ukraine collects $10 million in Cryptocurrency donations.

Cryptocurrency: A total of around $1.86 million was donated to Ukraine’s government via the sale of a non-fungible token or NFT.


Source : IPOINFO






Under siege from a Russian military invasion. The Ukrainian government has sought assistance from around the world in order to oppose the military assault.


The administration solicited assistance in a variety of ways, including bitcoin donations. The Ukrainian government’s official Twitter account shared links to two cryptocurrency wallets: one for Bitcoin donations and another for Ethereum and Tether donations.


According to CNBC, the bitcoin wallets have received $10.2 million in donations. In addition to the millions of dollars in digital currency donated to non-governmental organisations assisting the Ukrainian government.


Around $1.86 million of the monies contributed to Ukraine’s government came from the sale of a non-fungible token, or NFT. That was originally intend to collect money for WikiLeaks founder Julian Assange, according to the CNBC article, citing Elliptic.


Ukraine is accepting cryptocurrency as donations while war with Russia continues

According to a CNBC article, total cryptocurrency donations to the Ukrainian government and non-governmental organisations backing the military already total $16.7 million.


While the Ukrainian military was previously unable to accept donations in digital currencies due to the fact that they were not legally recognize by the government. Ukraine recently relaxed regulations to allow the military to access the monies.


Additionally, Ukraine has encouraged international bitcoin exchanges to bar Russia from their platforms.


World’s largest plane destroyed by Russian strikes in Ukraine

“I’m requesting that all major cryptocurrency exchanges prohibit addresses associated with Russian users. It is critical to freeze not only addresses associated with Russian and Belarusian leaders. But also addresses associated with ordinary users,” said Mykhailo Fedorov. Ukraine’s vice prime minister and minister of digital development.

Popular posts from this blog

Today’s Cryptocurrency Prices: Bitcoin and Ethereum maintain the markets in the green, while Avalanche declines.

SOURCE: IPO INFO The worldwide crypto market capitalization increased 4.75 percent to $2.39 trillion in the last 24 hours, while trading volume increased 14.11 percent to $102.84 billion.  Stablecoins ($79.65 billion) accounted for 77.45 percent of the trading volume, while DeFi ($17.44 billion) contributed 16.96 percent. Bitcoin, which is presently selling at $51,103.04, has increased its market share to 40.50 percent. In terms of key cryptocurrencies, Bitcoin gained by 4.21 percent to Rs 39,64,949, while Ethereum increased by 1.95 percent to Rs 3,18,710.1. Cardano (Rs 114.01) increased by 8.41%. Over the last 24 hours, Avalanche (Rs 9,379.73) fell 2.76 percent, Polkadot (Rs 2,250) climbed 3.12 percent, and Litecoin (Rs 12,840.66) rose 4.39 percent. Tether fell 1.32 percent to Rs 77.86 per unit. SHIB , a meme coin, climbed by 10.25 percent, while DOGE increased by 3.94 percent to Rs 14.24. Bitcoin is currently trading at Rs 38,33,811, whereas LUNA is currently trading at Rs 7,669.99,

MF investors load up on equity mutual funds in March, dump bond funds

Equity mutual funds have closed the financial year 2022-2023 on a mixed note. Equity schemes of Indian mutual funds saw net inflows of Rs 28,463 crore in March 2022 compared to net inflows of Rs 19,705 crore in the previous month. The overall assets under management remained almost flat at Rs 37.56 lakh crore as on March 31, 2022, due to outflows from bond funds. Systematic investment plan (SIP) has been a preferred means for investing in mutual funds especially in equity funds for most individual investors. SIP contribution for the month of March 2022 was recorded at Rs 12,327 crore compared to Rs 11,438 crore in the previous month. The number of SIP accounts has gone up to 5.27 crore in March 2022 compared to 5.17 crore in February 2022. Index funds have seen net inflows of Rs 12,313 crore in March 2022 compared to net inflows of Rs 5,747 crore in the previous month. All open-ended equity scheme categories have seen net inflows in March 2022. A large chunk of money however came throu