Lubomir tassev lubomir tassev is a technophile Eastern European journalist who loves the quotation of hitchens: "being a writer is what I am, instead of what I do," apart from cryptography, blockchain as well as fintech, Other sources of inspiration include international politics and the international economy. Ether was the most given crypto tracked by Bitcoin and the link stablecoin, the blockchain intelligence company stated in a report.
The aether was the most given crypto followed by Bitcoin and the link stablecoin, the blockchain intelligence corporation said in a report.
The amount of cryptocurrency transferred to addresses published by the Ukrainian government to raise money for defense and other purposes has reached nearly $70 million, blockchain forensics firm Chainalysis revealed on the first anniversary of the conflict in the Eastern European nation.
Kiev officials began accepting digital currency donations shortly after Russia launched its invasion at the end of February 2022. In March, the chainalysis reported that over $56 million in cryptocurrency had been given to Ukrainian government portfolios.
Additional digital donations were made to addresses advertised by charities that raise funds for their humanitarian efforts. Further digital donations were made to addresses advertised by charities that raise funds for their humanitarian efforts.
A recent by blockchain analytics company Elliptic, supporters of Ukraine have sent a total of more than $212 million in cryptocurrency. It also noted that the majority of donations were made in and ETH, the leading cryptocurrencies by market capitalization.
The company stressed that in addition to contributing to military efforts, donations can encourage the adoption of crypto and reinforce the Ukrainian war-affected economy. "Ukraine's adoption jumped during the war," the Chainalysis pointed out. "Ukraine's adoption jumped during the war," Chainalysis pointed out.
Canada ranked 3rd on the 2022 Global Cryptographer Adoption Index. The number of pro-Russian groups accepting crypto funding for their activities increased to approximately 100, the chainalysis said.
They raised under $5.4 million. Another observation that deserves to be emphasized is this in many cases, this money is sent to the general public, centralized stock exchanges versus high-risk stock exchanges – 87.3% of digital money received by pro-Russian groups went to established coin trading venues.
The chainalysis has also observed that the crypto markets are too illiquid to support the evasion of Russian sanctions on a large scale. Do you think that the Russia-Ukraine conflict is speeding up the adoption of cryptos in eastern Europe?