The crypto community raises support for Ukraine.
The crypto community raises support for Ukraine.
- members of the crypto community have stretched out hands after the Russian invasion of Ukraine.
- FTX founder and CEO Sam Bankman-Fried gave all Ukrainian FTX users 25
The crypto community has passed to support Ukraine after Russia is invaded to the country. Russia vs. Ukraine made headlines and panicked, especially among Ukrainians. The war has an impact on the global stock markets because the United States imposed new sanctions against Russia. At the same time, the crypto community reacted by offering support to Ukraine.
The crypto-community comes to rescue Ukraine
Prominent names in the crypto industry, including CEOs, founders and other crypto enthusiasts, have commented on the continued happiness between Russia and Ukraine, with some of Ukraine offering help.
Changpeng Zhao, CEO of the world's largest crypto platform Binance, recommended according to Wu Blockchain Okex is currently working to find resources to help affected inhabitants of Ukraine to move to a safer place.
To support Ukraine, the mining pool Flexpool also plans to hire its services for all Russian IPs. The mining pool said he would apologize and pay out the outstanding amounts to Russian miners. WU Blockchain found that the FlexPool mining pool is currently the fourth largest Ethereum pool.
In addition, FTX founder and CEO Sam Bankman-Fried announced $ 25.
We just gave every Ukrainian to FTX 25 dollars
do what you have to do
- Sbf (@Sbf_ftX) 24. February 2022
Since the Russian invasion of Ukraine, the trade volume of the Ukrainian crypto exchange Kuna has increased by more than triple. Yesterday morning Asian times the 24-hour trade volume of Kuna was around $ 1.5 million. In addition, the price of Bitcoin on the Ukrainian stock exchange is almost $ 3,000 higher than the global price. BTC was sold on Kuna at $ 41,554 this morning, while it was traded at $ 38,733 (at a global price). The price of the top crypto asset reacted in response to A Explanation of a "Military Special Operation" by the Russian President Wladimir Putin. Putin said that the special military operation was devoted to the "demilitarization and denazification of Ukraine".
related: Bitcoin tank, while Russia moves to war with Ukraine, the charts indicate
Russia threatens sanctions of the USA and Europe
Putin's actions have caused the United States and Europe to sanction Russia. The United States recently imposed new sanctions against Russia that prevent the country from accessing foreign capital. Nevertheless, the Russian president categorically explained that he had no intention of reversing his commands. Putin said:
Anyone who tries to interfere with us, or even more to create threats to our country and our people, must know that Russia's reaction will take place immediately and that they will lead to the consequences that they have never experienced in their history before. We are prepared for every turn of the events.
With sanctions here and there, experts have uncovered that Russia could use crypto as a escape route. Instead of using bank transfers, Russia intends to carry out transactions with interested companies with crypto as a payment method. This has a precedent in 2014 when the United States imposed some sanctions against the country.
Source: Crypto-news-flash.com
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