{"id":484635,"date":"2022-02-27T13:59:40","date_gmt":"2022-02-27T13:59:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=484635"},"modified":"2024-06-11T14:11:53","modified_gmt":"2024-06-11T14:11:53","slug":"a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war\/","title":{"rendered":"A Crypto War Is Raging –\u00a0Crypto Donations Fuel Russia-Ukraine War"},"content":{"rendered":"

More than $4 million have already been contributed to non-governmental organizations helping Ukraine from Russia’s unprovoked invasion of the country. A “crypto war,” according to analysts, has just begun.<\/p>\n

Meanwhile, as the panic of war depletes the country’s ATMs, many Ukrainians resort to Bitcoin.<\/p>\n

Elliptic, a blockchain analysis company in London, provided statistics on Friday revealing that crowdfunding has increased since Thursday, following Russia’s invasion of Ukraine.<\/p>\n

“On the 24th of February alone, one NGO got over $675,000 in Bitcoin, and by 9.30 a.m. on the 25th, it had already received more than $3.4 million \u2013 over $3 million of which was provided by a single contributor,” Elliptic said.<\/p>\n

This brings the total amount raised by these groups from the beginning of the invasion to more than $4 million, Elliptic said.<\/p>\n

<\/p>\n

Total crypto market cap at $1.738 trillion in the daily chart | Source: TradingView.com<\/a><\/pre>\n
Crypto War: Who’s Winning?<\/h2>\n
This increase in donations is part of a more significant trend by Ukrainian volunteers and NGOs who have been at the forefront of organizational efforts since the conflict began eight years ago with the separatist Donbas republics.<\/p>\n
Bitcoin was up 1.75% to $47,130 at the time of writing. The crypto fell to an early morning low of $46,173, before climbing to a high of $47,247, indicating a mixed start today.<\/p>\n
Related Article | Russian Politicians\u2019 Crypto Wallets Targeted By Ukraine \u2013 Hefty Reward Up For Grabs<\/a><\/em><\/strong><\/p>\n
“Cryptocurrencies may be used to crowdfund for the Ukrainian army or assist Russia in avoiding sanctions because there is no central authority who can impose their morality on its users,” Elliptic’s principal scientist and co-founder, Tom Robinson, said. “No one can prevent it from being used in either way.”<\/p>\n
One of the numerous costs of war is its impact on the global financial market. Experts also fear an enormous human toll, with Ukrainian President Volodymyr Zelensky declaring that more than 100 Ukrainians had been slain in the first 24 hours of the assault.<\/p>\n
Collateral Damage<\/h2>\n
The invasion has thrown Ukrainian people’s lives into disarray, with many attempting to flee the nation. In contrast, Zelensky advises others to protect their homes against Russian soldiers and attacks.<\/p>\n
As Russian tanks roll into Ukraine, the two economies that have been at the forefront of adopting the new form of digital money are now using it to gain a competitive advantage in the geopolitical battle.<\/p>\n
For instance, Ukraine is seeking further measures of staving off\u00a0Russia\u2019s invasion on their country by going after government official\u2019s crypto wallets.<\/p>\n
For the part of Russia, it has been reported that hackers from the country have allegedly launched cyberattacks on Ukraine’s private financial firms to break into their crypto reserves.<\/p>\n
A Tool That Changes The Game<\/h3>\n
Early today, Crypto.com Coin was down 3.68%, bucking the trend. The remainder of the majors, on the other hand, had a bullish start to the day. This afternoon, (February 27), Bitcoin’s market dominance has increased by 0.13% to 41.89%, as statistical analysis has stated.<\/p>\n
Crypto analysts project that volatility in global financial markets, including cryptocurrencies, will follow as the war rages on.<\/p>\n
For the first time, the crypto era’s first significant battle also means that both sides have access to a tool that can quickly move billions of dollars across borders.<\/p>\n
Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War<\/a><\/em><\/strong><\/p>\n
Featured image from OpenSea, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
More than $4 million have already been contributed to non-governmental organizations helping Ukraine from Russia’s unprovoked invasion of the country. A “crypto war,” according to analysts, has just begun. Meanwhile, as the panic of war depletes the country’s ATMs, many Ukrainians resort to Bitcoin. Elliptic, a blockchain analysis company in London, provided statistics on Friday revealing that crowdfunding has increased since Thursday, following Russia’s invasion of Ukraine. “On the 24th of February alone, one NGO got over $675,000 in Bitcoin, and by 9.30 a.m. on the 25th, it had already received more than $3.4 million \u2013 over $3 million of which was provided by a single contributor,” Elliptic said. This brings the total amount raised by these groups from the beginning of the invasion to more than $4 million, Elliptic said. Total crypto market cap at $1.738 trillion in the daily chart | Source: TradingView.com Crypto War: Who’s Winning? This increase in donations is part of a more significant trend by Ukrainian volunteers and NGOs who have been at the forefront of organizational efforts since the conflict began eight years ago with the separatist Donbas republics. Bitcoin was up 1.75% to $47,130 at the time of writing. The crypto fell to an early morning low of $46,173, before climbing to a high of $47,247, indicating a mixed start today. Related Article | Russian Politicians\u2019 Crypto Wallets Targeted By Ukraine \u2013 Hefty Reward Up For Grabs “Cryptocurrencies may be used to crowdfund for the Ukrainian army or assist Russia in avoiding sanctions because there is no central authority who can impose their morality on its users,” Elliptic’s principal scientist and co-founder, Tom Robinson, said. “No one can prevent it from being used in either way.” One of the numerous costs of war is its impact on the global financial market. Experts also fear an enormous human toll, with Ukrainian President Volodymyr Zelensky declaring that more than 100 Ukrainians had been slain in the first 24 hours of the assault. Collateral Damage The invasion has thrown Ukrainian people’s lives into disarray, with many attempting to flee the nation. In contrast, Zelensky advises others to protect their homes against Russian soldiers and attacks. As Russian tanks roll into Ukraine, the two economies that have been at the forefront of adopting the new form of digital money are now using it to gain a competitive advantage in the geopolitical battle. For instance, Ukraine is seeking further measures of staving off\u00a0Russia\u2019s invasion on their country by going after government official\u2019s crypto wallets. For the part of Russia, it has been reported that hackers from the country have allegedly launched cyberattacks on Ukraine’s private financial firms to break into their crypto reserves. A Tool That Changes The Game Early today, Crypto.com Coin was down 3.68%, bucking the trend. The remainder of the majors, on the other hand, had a bullish start to the day. This afternoon, (February 27), Bitcoin’s market dominance has increased by 0.13% to 41.89%, as statistical analysis has stated. Crypto analysts project that volatility in global financial markets, including cryptocurrencies, will follow as the war rages on. For the first time, the crypto era’s first significant battle also means that both sides have access to a tool that can quickly move billions of dollars across borders. Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War Featured image from OpenSea, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":484637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83386,3],"tags":[1558,4078],"class_list":["post-484635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news","tag-cryptocurrency","tag-technical-analysis"],"acf":[],"yoast_head":"\nA Crypto War Is Raging -\u00a0Crypto Donations Fuel Russia-Ukraine War<\/title>\n<meta name=\"description\" content=\"More than $4 million have already been contributed to non-governmental organizations helping Ukraine from Russia's unprovoked invasion of the country. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"A Crypto War Is Raging –\u00a0Crypto Donations Fuel Russia-Ukraine War","url":"http:\/\/uniquehot.com\/news\/a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/02\/crypto-war.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/02\/crypto-war.jpg?fit=1000%2C446"},"articleSection":"Crypto","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["cryptocurrency","technical analysis"],"dateCreated":"2022-02-27T13:59:40Z","datePublished":"2022-02-27T13:59:40Z","dateModified":"2024-06-11T14:11:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"A Crypto War Is Raging –\\u00a0Crypto Donations Fuel Russia-Ukraine War\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/a-crypto-war-is-raging-crypto-donations-fuel-russia-ukraine-war\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/crypto-war.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/crypto-war.jpg?fit=1000%2C446\"},\"articleSection\":\"Crypto\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"cryptocurrency\",\"technical analysis\"],\"dateCreated\":\"2022-02-27T13:59:40Z\",\"datePublished\":\"2022-02-27T13:59:40Z\",\"dateModified\":\"2024-06-11T14:11:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/02\/crypto-war.jpg?fit=1000%2C446","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/484635"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=484635"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/484635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/484637"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=484635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=484635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=484635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}