Crypto’s Contributions to Ukraine Exceeded $100 Million

In the month after Russia invaded Ukraine, the latter has received cryptocurrency donations worth more than $100 million.

With the war in Ukraine, the international cryptocurrency community has raised millions of donations to support its people. At present, the statistics of funds raised for the invaded countries exceed $100 million. Jordan major wrote for finbold Tuesday:

“Ukraine continues to receive a large influx of cryptocurrency donations, which are now worth more than $100 million, because more kind-hearted people express their solidarity in the face of Russia’s escalating invasion.”

The total value of all known cryptocurrency contributions to Ukraine is regularly updated in slowmist. This is a Chinese Threat Intelligence company, which maintains an online library of known malicious addresses and address databases held by other tags, such as supporting Ukraine’s efforts in the current struggle in Ukraine.

The Global Cryptocurrency Iindustry Supports Ukraine

As of March 31, the SlowMist database showed that during the peace talks with Russian officials in Istanbul, Turkey, nearly $104 million (USD) worth of cryptocurrency was raised for Ukraine’s peace efforts. According to a Ukrainian official, some of the money will be used for defensive equipment and air dropped to artists and creators recording the Russian Ukrainian war.This actually makes the war not only the first invasion of one European sovereign state to another since World War II, but also the first time recorded in a fast-growing “NFT Museum” in near real time.

This shows the strength of cryptocurrency as a relevant destroyer, and even how sovereign states launch war and turn to the battlefield of online media and information war to prevent violent aggression and demand peace.In the initial defensive war against the aggression of the Russian Federation, the Ukrainian army has begun to counterattack. Russian troops invaded Ukraine at the end of February. At first, there was little resistance there.

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The Bottom Line of Cryptocurrency Investors

The war in Ukraine accelerated the adoption of the former Soviet Union, and the Web3 application was built on the blockchain and cryptocurrency platform. Larry Fink, CEO of BlackRock, is optimistic about the adoption of cryptocurrency because of what is happening in Eastern Europe.

Paulina Likos of US News and World Report outlined on Tuesday how the war has accelerated the adoption of digital assets such as bitcoin (BTC) and Ethereum (ETH). Ethereum co-founder Vitalik Buterin  recently stressed that supporting Ukraine does not affect efforts to help people in other war-torn regions of the world.

He also reminded his followers that although he is not neutral and opposes Russia’s in Russia’s and the use of force, Ethereum is and will be a neutral and politically unaffected technology platform.