Crypto world responds to Russia’s war in Ukraine

February 26, 2022

Bitcoin is facing resistance above $33,000, with support at $22,000-$25,000.

Russia’s military intervention in Ukraine has evoked a sharp response from the digital currency community. The news of the aggression sent Bitcoin and other digital currencies plunging. The U.S government reacted with strict economic penalties that have assisted crypto rates bounce from their original rate fall. Vitalik Buterin, the Ethereum co-founder, expressed opposition to Russia’s aggression and expressed that the nation should have avoided the prospect of a peaceful resolution to the conflict. FTX CEO Sam Bankman-Fried agreed to step up and give financial assistance to Ukrainian dealers. Every Ukrainian account owner enrolled on the FTX virtual currency forum is capable of $25 in available money.

As the conflict of Russia-Ukraine resumes, extra people are swivelling to Bitcoin to assist finance the Ukrainian military. As per a report, by Elliptic, people have given over $400,000 worth of Bitcoin to the non-governmental group Come Back Alive. The NGO gives military devices, medical and food rations to the regional army. Cyber Alliance, an organization of Ukrainian cyber activists have earned around $100,000 cost of Bitcoin, Ether, Litecoin (LTC) and a blend of stablecoins in the last few years.

Russian rock band, Pussy Riot recognized for its uprisings against the administration has allied with Trippy Labs and PleasrDAO to establish UkraineDAO. The UkraineDAO will sell Ethereum NFTs to assist Ukrainians implicated by the war. 10,000 NFTs of the Ukrainian flag will make up the NFT plunge. The money put forward through deals of this coin will be donated to NGO Proliska and the Return Alive Foundation.

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