Not surprisingly, international support for Ukraine continues to grow after Russia’s invasion.
After Russia invaded Ukraine, experts from all walks of life began to worry about worse cases. For example, cyber security experts began to respond if a global cyber war is about to unfold. The cryptocurrency industry was not idle either.
Binance, the world’s largest cryptocurrency exchange by volume, has announced a $10 million donation to Ukraine. Also the launch of an emergency fund for the affected country. On his Twitter account, the CEO CZ scored, “Our approach is to provide support on the ground. We care about people.”
#Binance is donating $10 million to help the humanitarian crisis in Ukraine and @BinanceBCF launched Ukraine’s emergency relief fund from crypto-first crowdfunding. 🇺🇦
Our approach is to provide support on the ground. We only care about people.
➡️ https://t.co/2vLFFbf5ac pic.twitter.com/vNSo9F3x7i
— CZ 🔶 Binance (@cz_binance) February 27, 2022
Related Reading | Help for Ukraine
Release of Binance Official Statement on Charity Fund;
In response to the crisis between Russia and Ukraine, we are donating $10 million to leading intergovernmental organizations and NGOs to provide emergency assistance to refugees and children and provide logistical support to refugees, such as food, fuel and supplies.
Crypto Industry to support Ukraine
The Ukraine Emergency Fund, started by Binance, has already raised over $6 million in donations. The fund is dedicated to helping people affected by recent natural disasters and violence in the Eastern European country of Ukraine.
FTX founder Sam Bankman Fried announced that he had donated $25 worth of crypto to every user in Ukraine following the Russian war crisis.
Bitcoin is trying to break its $40,000 support | Source: BTC/USD chart at Tradingview.com
FTX (Bahamian cryptocurrency exchange) offers advanced trading options like margin and futures trading. Unfortunately, US residents cannot access them due to US laws that prevent them from operating within their own territory. However, another rival called FTX.US offers fewer crypto options than you will find on regular FX platforms around the world.
Related Reading | Cryptocurrency Prices Soar on Possibility of Russia-Ukraine Talks
Chain.com CEO Deepak Thapliyal has donated 100 ETH (approximately $278,000) to help fund the cause.
White commenting to BuzzFeed News, said Deepak Thapliyal;
When I realized that the Ukrainian government had requested donations in the form of cryptocurrencies, I felt compelled to do my part to help. Cryptocurrency donations are borderless and almost instant, so I hope that the government can take advantage of them as soon as possible to help people in need.
Vitalik Buterin, the founder and inventor of Ethereum, expressed his support for Ukraine. He used the words “Victory for Ukraine” in a recent Twitter post.
Ukraine and donations
Ukraine is a hotbed of blockchain innovation. The country’s adoption of cryptocurrencies has made it one of the few places where you can legally trade Bitcoin or other digital currencies without fear of taxes and with its low-cost foreign exchange fees combined with a host of talented engineers who specialize in security protocols related to this. technology; today’s developments will be built here first.
Just days after Russia occupied Ukraine, the country’s official Twitter account solicited donations via cryptocurrency.
Ukraine’s Deputy Prime Minister Mykhailo Fedorov has confirmed that the call for donations was real. He asked people to “stand with Ukraine.”
As the crisis in Ukraine continues to grow, it becomes clear that Russia has invaded to install a puppet government. Russian troops have already entered Kiev, endangering the democratically elected government. This could result in less freedom for its citizens than ever before.
Featured image from Pixabay, chart from TradingView.com
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