No surprise, the international support for Ukraine has grown after Russia’s invasion.
Experts from all sectors began to worry about the possibility of worse outcomes after Russia invaded Ukraine. Cybersecurity experts began to ask if there was a global cyberwar. The industry of crypto currency did not retreat either.
Binance, the world’s largest crypto exchange by volume, has announced a $10 million donation to Ukraine. The company also launched an emergency fund to help the victims. CEO has a Twitter account. CZ noted, “Our focus is providing on-the-ground support. We care about the people.”
#BinanceTo help Ukraine’s humanitarian crisis, $10M will be donatedamp; @BinanceBCFThe crypto-first crowdfunding Ukraine Emergency Relief Fund was launched. 🇺🇦
We are committed to providing support on the ground. It is all about people.
➡️ https://t.co/2vLFFbf5ac pic.twitter.com/vNSo9F3x7i
— CZ 🔶 Binance (@cz_binance) February 27, 2022
Other Readings | Help For Ukraine
Binance’s official statement about charity fund launched;
As a response to Russia-Ukraine’s crisis, US$10million has been donated to major Intergovernmental Organizations or NGOs. This money will be used to assist refugees and children, as well as to support refugees with logistical needs such food, fuel and other supplies.
Ukraine To Benefit From Crypto Industry
Binance has collected over $6 Million in donations to the Ukraine Emergency Fund. It is here to help those affected by the violence in Ukraine and recent natural catastrophes.
FTX’s founder, Sam Bankman Fried, announced that he had donated 25 dollars worth of cryptocurrency to each user in Ukraine following the Russian war crisis.
FTX (Bahamian cryptocurrency exchange) offers advanced trading options like margin & futures trading. Unfortunately, U.S. residents can’t access them due to US-based laws that prevent them from operating within their home turf. However, another rival called FTX.US offers fewer crypto options than what you’ll find at regular FX platforms worldwide.
Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks| Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks
Deepak Thapliyal is the CEO of Chain.com and he has donated 100ETH, which amounts to approximately $278,000, in order to fund this cause.
Deepak Thapliyal stated that White made a comment on BuzzFeed News.
I was moved to assist the Ukrainian government when I saw that they had asked for crypto donations. It is borderless and instantaneous, which makes crypto donations very useful. I wish that the Ukrainian government can use it to assist the needy.
Vitalik Buterin is the founder of Ethereum and an inventor. He expressed his support to Ukraine. He used the words “Victory For Ukraine” in a recent post on Twitter.
Ukraine and Donations
Ukraine is the epicenter of blockchain innovation. The country’s embrace of cryptocurrencies has made it one of the few places where you can legally trade Bitcoin or other digital currencies without fear from taxes and with their low-cost currency exchange rates combined with an abundance of talented engineers specializing in security protocols relating to this technology; today’s developments will be built here first.
Just days after Russia occupations Ukraine, the country’s official tweeter account asked for donations through cryptocurrency.
Mykhailo Federorov, Vice Prime Minister, Ukraine has confirmed that donations were needed. He asked people to “Stand with Ukraine.”
The crisis in Ukraine is growing and it’s becoming apparent that Russia wants to create a puppet government. Russian troops entered Kyiv already, putting at risk the democratically elected government. It could mean less freedom for citizens than before.
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