Crypto community reacts to Russia's war in Ukraine

2 years ago

Several salient members of the crypto and blockchain assemblage person chimed successful connected the latest developments successful Ukraine.

Crypto assemblage  reacts to Russia's warfare  successful  Ukraine

Russia's subject involution successful Ukraine has elicited a beardown absorption from the cryptocurrency community. The quality of the penetration initially sent Bitcoin (BTC) and other cryptocurrencies tumbling.

The U.S. authorities has since responded to Russia's penetration with stringent economical sanctions that person helped crypto prices rebound from their archetypal terms collapse. Amid each the doom and gloom, determination are a fewer voices of anticipation successful the crypto community.

Ethereum co-founder Vitalik Buterin, a Russian citizen, voiced vocal absorption to Russia's penetration and said the state should not person abandoned the imaginable of a peaceful solution to the conflict. 

FTX CEO Sam Bankman-Fried decided to measurement up and connection monetary enactment to Ukrainian traders. Every Ukrainian relationship holder registered connected the FTX cryptocurrency level is eligible for $25 successful escaped money, Bankman-Fried announced connected Twitter, writing: "we conscionable gave $25 to each Ukrainian connected FTX bash what you gotta do."

we conscionable gave $25 to each Ukrainian connected FTX

do what you gotta do

— SBF (@SBF_FTX) February 24, 2022

The crypto assemblage responded to a Twitter connection asking for donations to the country's troops and called connected the Ministry of Defense to acceptable up a crypto wallet; frankincense far, nary has been created owed to the country's rules.

As the Russia-Ukraine struggle continues, much individuals are turning to Bitcoin to assistance concern the Ukrainian military. According to a report from blockchain investigation steadfast Elliptic, radical person fixed implicit $400,000 worthy of BTC to the non-governmental enactment Come Back Alive. The NGO provides subject equipment, aesculapian supplies, and nutrient supplies to the section army. In addition, a mysterious contributor recently donated 80 BTC, worthy implicit $3 cardinal astatine existent prices, to the foundation enactment supporting the Ukrainian army.

Very acrophobic with what's happening successful Ukraine close now, and doing everything I tin to enactment them during these hard times.

I've conscionable donated $10,000 to The Ukrainian Red Cross to assistance victims of this war. I promote everyone speechmaking this to besides assistance retired if they can. pic.twitter.com/JdCiiHvtaj

— Mr. Whale (@CryptoWhale) February 25, 2022

Related: Crypto assemblage rallies with Ukraine arsenic section NFT artists' works merchantability out

Cyber Alliance, a assemblage of Ukrainian cyber activists, has received astir $100,000 worthy of Bitcoin, Ether (ETH), Litecoin (LTC), and a premix of stablecoins implicit the erstwhile year.

Pussy Riot, a Russian stone set known for its protests against the government, has teamed up with Trippy Labs and PleasrDAO to make UkraineDAO. The UkraineDAO volition merchantability Ethereum NFTs to assistance Ukrainians affected by the war. Ten 1000 NFTs of the Ukrainian emblem volition marque up the NFT drop. The wealth raised done income of this coin volition beryllium donated to NGO Proliska and the Return Alive Foundation.

— (@pussyrrriot) February 24, 2022

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