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.
#binance donates $10 million to help with the humanitarian crisis in Ukraine�
Our goal is to provide on-the-ground support through charity and collaboration.@BinanceBCF also launched the Emergency Relief Fund for Ukraine to provide emergency relief through crypto crowdfunding.
— Binance (@binance) February 27, 2022
Other members of the cryptocurrency community such as Dogecoin (CRYPTO: DOGE) also offered to help Ukraine.
the #dogecoin community can help. Please convert from $DOGE and send. And #dogearmy – signal amplification. @Ukraine – @olex_scherba – @TomicahTD please msg @DogecoinFdn if we can help spread the msg. Now is not the time for marketing or factions, but for unity to do what is right. � https://t.co/sqCMP80NRZ
— Dogecoin (@dogecoin) February 26, 2022
The founder of Polkadot (CRYPTO: DOT), Wood Gavinsaid he would personally contribute $5 million if Ukraine opened a DOT address.
If you post a DOT address, I will personally contribute $5 million.
— Gavin Wood (@gavofyork) February 27, 2022
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.
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