Places Ukraine

Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.

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Yesterday, after the official Ukrainian Twitter account posted BTC and ETH addresses for donations, Polkadot founder Gavin Wood tweeted he’ll donate $5 million if Ukraine posted a DOT address. In a remarkable turn, this is exactly what happened.

Users can now swap tokens for ETH and send them directly to Ukraine.

As donations are pouring into various charities to support Ukraine, people are lining up to contribute. In a rather criticized tweet, Gavin Wood, co-founder of Ethereum, and founder of Polkadot, offers $5 million to Ukraine under the condition they post a DOT address.

As Western countries have agreed on imposing restrictions cutting off Russian banks from the SWIFT global payment system, affected Russian banks are “picked carefully” to minimize potential energy crises.

Enabling trust-minimized and censorship-resistant data storage, Arweave is generating a permanent record of the events in the country.

While Ukraine’s Ministry of Defence says it can’t officially receive crypto donations, NGO’s in the country are taking crypto to help with the conflict.

After a weeks-long bearish trend, bitcoin and the overall cryptocurrency market bounced back on Wednesday. The crypto market is showing renewed confidence after dipping in response to ongoing Russia-Ukraine tensions.

Bitcoin gets a huge boost as Ukraine votes to pass a framework legalizing cryptocurrency in he country.