Crypto in Conflict: How Crypto Fuels the Ukraine-Russia War

Ukraine has accumulated over $70 million in crypto donations for its war efforts.

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National Bank of Ukraine Unveils E-hryvnia Concept

The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU)

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Aid for Ukraine’s $54M crypto fund buys vests, scopes and UAVs

The crypto donations have played a “significant role in Ukraine’s defense,” a Ukrainian government official wrote.

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Ukrainian Fintech Company Weld Money launches solution for crypto payments

Weld Money, a Ukrainian Fintech Company, has today officially launched its innovative crypto payments product – the Weld card.

The card will allow anyone to perform daily payments for goods and services directly from crypto wallets using Google Pay and Apple Pay.

Weld Money’s Weld Card is the first cryptocurrency card that allows users to connect to different crypto exchanges. It is the first of its kind in Eastern Europe.

The card can be obtained within a couple of minutes and offers a unique opportunity for crypto users looking for a way of using their crypto holding in their everyday lives.

Weld Money was founded in 2020 by Alexey Bobok, Iryna Lorens and Alexey Meretskiy.

It has a native token called WELD whose initial coin offering (ICO) was conducted on September 22 2021 and lasted for only 4 minutes. It managed to raise $3.6 million during the ICO.

The WELD token is currently listed on several decentralized exchanges (DEX) like PancakeSwap and UniSwap and centralized exchanges (CEX) like Bitrue and Bitmart. The news about the launch of the crypto card made WELD surge by about 115%.

The Weld Card is expected to enter the European market either in late 2022 or early 2023. The ultimate goal of Weld Money is to enable users to conduct transactions using their card and any digital asset including NFT and metaverse tokens.

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Ukrainian-Origin Cryptocurrency Waves Surges 97% in 2 Weeks

Waves increased 97% in two weeks amid the war between Ukraine and Russia. Waves founder Sasha Ivanov tweeted “I am from Zaporozhye, Ukraine.” The price surge is in anticipation of the Waves 2.0 upgrade. Two weeks ago, the war between Ukraine and Russia began, pushing the cryptocurrency market into a downtrend spiral. Likewise, the world’s […]

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Hillary Clinton Disappointed That Crypto Exchanges Refuse to End Transactions with Russia

Clinton believes that the world has must do everything to isolate Russian economic activity, as the pressure could have a large impact on Putin.

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Bitcoin: An Alternative to Mobilize Money in the Midst of War

The Russian invasion of Ukraine has made cryptocurrencies become a storage and exchange alternative for those who live in countries in conflict.

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Why Has the Use of Cryptos in Venezuela Grown So Much?

The use of cryptocurrencies in Venezuela has skyrocketed in the last three years due to a series of factors.

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Over $4M in Bitcoin Raised to Support the Ukrainian Army

Bitcoin donations have poured into the Ukrainian military after Russia attacked the nation with heavy artillery on Thursday.

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IMF and World Bank Warn of the Global Impact of the War in Ukraine

The representatives of the International Monetary Fund and the World Bank warned that Russia's invasion of Ukraine will affect the global economic recovery.

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Ukrainian Defense Efforts Bolstered By Crypto Donations

The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or organizations who saw what they called “a crisis.” Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies These groups have seen a significant rise in cryptocurrency funding thanks to Bitcoin. As a result, digital currency is becoming an alternative channel for donors, despite restrictions imposed by traditional financial systems.  Bitcoin allows people worldwide to make connections and create change that lasts far beyond anyone’s donations – crypto contributions can now harness this power. In 2021, non-government organizations and volunteer groups received more than $500,000 worth of Bitcoin as crowdfunding. This marked a 900% increase from 2020.  Since the Ukrainian military was effectively crumbling against the Russian invasion, many citizens have taken up arms to fight. They are called “volunteer groups.” They get funding from private donations. Ukrainian Fundraising Campaigns Receive Crypto Funding  In the modern era, cryptocurrencies are becoming more popular as funding for fundraising campaigns. Elliptic’s study shows that digital currency users can contribute to these types of organizations and receive payment from them more effortlessly than ever before without having any interference or problems with cross-border payments, which makes it very attractive, among other things too. With the potential of their payments being denied, private donors have turned away from bank wires and app payment systems in favor of Bitcoin. Some fundraising campaigns have had accounts closed before due to financial institution restrictions on certain funds raised through that particular means. Relatively new to this type of donation process. Still, it’s becoming more popular among those seeking alternative ways to donate money. Related Reading | Solana’s Outlook Bullish Post Phantom’s Fundraising Round Elliptic has revealed that one of the organizations they’ve uncovered thus far, Come Back Alive– a group that received nearly $200,000 in funding recently from September to December last year–provides support primarily for Ukraine’s army. Cybersecurity organizations have been receiving funding via cryptocurrencies for years now. One such organization is the Ukrainian Cyber Alliance. The group primarily carries out cyber operations against Russia-based hackers and propaganda disseminators. The organization get help from its supporters worldwide through Bitcoin donations or Litecoin mining ventures. They’ve received almost $100 thousand in Bitcoin and other cryptocurrencies to fund their operations against Russia last year. 10,000 Russian Troops Massacred Near Border With Ukraine The recent increase in military deployment near the border between Russia and Ukraine has residents on edge. Russia had stationed more than 10 thousand troops near eastern Donbas since last year when the conflict began following the Maidan revolution. To date, more than 6000 people, including soldiers, have died due to violence. Both sides blame each other for these deaths. Featured image from Pixabay, chart from Tradingview.com  

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Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President

Ukrainian President dismissed regional military recruitment heads for corruption involving cryptocurrency and cash. Law enforcement opened 112 cases. (Read More)

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