The Ukrainian government has requested that a number of cryptocurrency exchanges, which include the highly popular Binance, provide the necessary resources so that the count can take place in a timely manner. Binance provides a relatively safe and adaptable platform for investing in and trading cryptocurrencies. Binance can be frightening to both novice and experienced traders.
On Sunday, Binance, a Hong Kong-based cryptocurrency exchange, announced a $10 million donation to alleviate the humanitarian crisis in Ukraine. This is by far the greatest donation from the cryptocurrency sector. Ground logistics, food, fuel, supplies, refugees, somewhere to stay, visas, and more, according to Changpeng Zhao, CEO of Binance.
Overflowing Bitcoin Donations
On February 26, Ukrainian government authorities invited the rest of the globe to donate in cryptocurrency. According to elliptic.co, a data collecting platform, the Ukrainian government and NGOs offering military support had raised $17.2 million through thousands of bitcoin donations since the assault began, as of 10:42 p.m. IST.
Earlier last week, FTX, a cryptocurrency exchange based in the Bahamas, announced that each Ukrainian on its platform will receive $25. Justin Sun, the founder of the decentralized network TRON DAO, has donated $200,000.
Furthermore, the famous meme coin Dogecoin (DOGE) has made an offer to Ukraine. DOGE’s official Twitter account tweeted that the #dogecoin community can help. Pls convert from $DOGE and send. And #dogearmy – signal boost. @Ukraine.
Elon Musks Provided Internet for Ukraine
Elon Musk, a DOGE backer, revealed on Saturday that his business SpaceX’s Starlink satellite internet service had been activated in Ukraine. Following a request from a Kyiv official for the tech behemoth to supply stations to his unstable country. Elon Musk announced on Twitter that the Starlink service is now operational in Ukraine, with more terminals on the way.
Meanwhile, Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, tweeted that all major cryptocurrency exchanges should block Russian users’ addresses. It is critical to block not only the addresses associated with Russian and Belarussian politicians, but also to sabotage ordinary users.
DMarket, a platform for trading non-fungible tokens (NFTs) as well as in metaverse items. They decided to freeze the accounts of users from the Russian Federation and Belarus following Fedorov’s appeal. Ukraine’s Vice Prime Minister tweeted those funds from these accounts could be made a donation to the war effort. Nowadays, there are Robin Hoods. Bravo.
DMarket tweeted: Due to the invasion of Ukraine, Ukrainian-born startup DMarket has severed all ties with Russia and Belarus.
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