Over the weekend, the Ukrainian government requested funds from the public in the wake of the attack on its territory by Russia as diplomatic ties between both countries went soar. The whole public, particularly the crypto-savvy population, has shown solidarity with Ukraine. So, in solidarity, the crypto community has raised more than $10 million since the call.
Earlier, the official Twitter account of the government of Ukraine published an Ethereum (ETH) and a Bitcoin (BTC) address.
Moreover, a review of the transactions on each address has shown that the Bitcoin address has received a total of 105.90889317 BTC Which is worth exactly $4,121,654.28 at the time of writing. The address also showed that a total of 51.38803002 BTC worth about $2 million have also been sent out from the received funds.
Donations to Ukrainian Government
In addition, the Ethereum address has also received as much as 1,877.942342838664117164 Ethereums. The valuation is currently pegged at $5,198,426.10. Beyond these two addresses, independent well-wishers have also listed some Non-Fungible Tokens (NFTs) on OpenSea. The sole aim of donate the funds to the Ukrainian government. The amount raised from these NFTs has topped $1 million as of the time of writing.
Furthermore, a Tron address was tweeted by Ukrainian vice prime minister Mikhail Fedorov. This has also accrued some $700,000 worth of TRX and USDT at the time of writing.
This will cause in people’s lives, and these funds will go a long way in providing the right cushion.
To conclude, this ease at which the Ukrainian government requested the funds follows from the legalization of Bitcoin and other digital currencies.
With Ukraine receiving digital currencies with open arms, the country also has to reap the dividends thereof.
