Ukraine Raises Nearly $11M in Crypto Donations in 2 Days – Dogecoin and Polkadot Contributors Demand Acceptance of Their Coins – Bitcoin – US Dollar ($BTC), Ethereum – US Dollar ($ETH)


Ukraine has raised nearly $11 million following its public appeal for donations in cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) following Russia’s invasion of the country.

What happened: The Ukrainian government bitcoin address has received a total of 115.04 BTC, at the time of writing. Based on Bitcoin’s price of $38,068.93 at press time, the coins received by the government are valued at $4.38 million.

The government’s Ethereum address has so far received 2,115.4 ETH, which is valued at $5.55 million based on Ethereum’s price of $2,623.21 at press time. The government’s Tether address received a total of $1.04 million USDT.

See also: How to buy Bitcoin (BTC)

Why is it important: Ukrainian Deputy Prime Minister Mykhailo Fedorov previously shared three crypto wallet addresses and urged the community to donate as Russian forces continued to attack Ukraine.

In addition to government efforts, the cryptocurrency exchange Binance said he was donating $10 million “to help the humanitarian crisis in Ukraine” and also launched a fund to provide emergency relief to Ukraine through crypto crowdfunding.

Other members of the cryptocurrency community such as Dogecoin (CRYPTO: DOGE) also offered to help Ukraine.

The founder of Polkadot (CRYPTO: DOT), Wood Gavinsaid he would personally contribute $5 million if Ukraine opened a DOT address.

Price Action: Bitcoin is down 1.2% in the past 24 hours, trading at $38,375.27 at press time. Ethereum is down 3.7% in the period at $2,638.34.

Read next: ‘No place for war criminals in the metaverse:’ Ukraine praises efforts by Facebook and others to kick Russia off their platforms

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