Binance Commits $10 Million to Ukraine, Overall Crypto Donations Near $20M

Binance Commits $10 Million to Ukraine, Overall Crypto Donations Near $20M
Cryptocurrency News
Like? Do Rank It! Likes

Binance said it had engaged just over 16,000 bnb tokens in the cause..

The Ukrainian government has asked the crypto community to pledge support in a series of calls on social media over the weekend. Deputy Prime Minister and Minister of Digital Transformation mykhailo fedorov published three addresses for crypto donations on Saturday.

On Sunday, he appealed to crypto exchanges to block Russian users.

On Sunday, he called for cryptoal exchanges to block Russian users. It is crucial to freeze not only addresses related to Russian and Belarus politics.

It is crucial to freeze not only addresses related to Russian and Byelorussian politicians. Also to sabotage common users."

The crypto community has answered the call as almost $19 million in digital asset donations has been made since the Russian invasion began last week.

Reuters reported a total of $8 million on Feb. 27, however, blockchain analytics firm Elliptic has updated its figures as of Feb 27, 23:50 UTC. The total received by the Ukrainian government is currently $18.9 million, the majority of which came over the past two days from Mr. Reuters claimed a total of 8 million dollars on february 27, however, blockchain analytics firm elliptic has updated its figures to february 27th, 23:50 utc. the total received by the government of ukraine is currently $18.9 million, the majority of which came over the last two days of mr.

The amount received has almost doubled over the past 24 hours.

It nearly doubled in 24 hours.

Elliptical broken down gifts by crypto-asset, revealing "the majority of the gifts received to date have been in bitcoin and ether, although we stablecoins dollar contribute a significant proportion." Over half, or 56.4%, was given in Bitcoin, 31.8% was ethereum, while 10.9% is stablecoins and less than one percent of other altcoins.

Additionally, Tom Robinson said the largest (anonymous) donation received by the Ukrainian government was Bitcoin worth $1.86 million.—

Wu Blockchain (@WuBlockchain) February28, 2022.

The firm added that crypto donations to Ukrainian volunteers and hacking groups have also increased since Russia launched its invasion on Thursday. The company announced the initiative on Feb. 27, stating that:

“The donation will be split between major intergovernmental organizations and nonprofit organizations already on the ground, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in Need, to help support displaced children and families in Ukraine and its neighboring countries.”

It has set up a crypto donation web portal called the Ukraine Emergency Relief Fund. He established a web portal for crypto donations called the Ukraine Emergency Relief Fund. He implemented a crypto gift web portal called the Ukraine Emergency Relief Fund.