• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Binance Shocks Employees With Sudden Layoffs - What's Next For The Crypto Giant?
Binance donates $10 million to Ukraine

Ukraine Crypto Donations Ramp Up As Binance, Others Join In

Best Owie by Best Owie
1 year ago
in Crypto News
0

Crypto donations to Ukraine have continued to grow as the war rages on. The country has seen the majority of the globe rallying around it against Russia, which many perceive as the aggressor. Given that Ukraine is a smaller country and boasts a weaker military power compared to its opportunity, the country could use all of the help it can get, and millions of supporters worldwide have taken to crypto to make fast donations to the country towards the war effort.

Binance Joins In

Crypto exchange giant Binance has joined the countless number of supporters that have continued to show support for Ukraine. With crypto donations ramping up, the crypto exchange has also thrown its weight behind the country. Its recent donation which boosted the total amount donated to the country has been lauded by those in the space as the exchange takes a clear stand.

Related Reading | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

Binance alone donated $10 million to Ukraine, which was announced on Sunday. It is also launching a crypto-first crowdfunding site that will help the fight against Russia. The exchange explained that the donations would go towards things such as food, fuel, and supplies for refugees, millions of which have been fleeing the country to other countries.

Binance’s $10 million commitment to the Ukraine effort is one of the most significant so far. Focused on the children of the nation, the exchange explained that its latest donation would go towards protecting the 7.5 million children of the country.

Crypto total market cap chart from TradingView.com

Total market cap at $1.6 trillion | Source: Crypto Total Market Cap on TradingView.com

As for the crypto crowdfunding platform, the Ukraine Emergency Relief Fund, Binance has since set it up, kickstarting it a donation of 16,042 BNB (around $6 million).

Ukraine Crypto Donations On The Rise

In what will be a first, the government of Ukraine has turned to crypto donations to raise much-needed funds for the war effort. The crypto wallets which were shared on Twitter had quickly circulated and millions of dollars were raised in the first two days. With the addition of the Binance donation, the amount raised has risen drastically.

Related Reading | Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs

Blockchain technology company Elliptic released a report tracking the progress of the crypto donations which it continues to update. By Sunday, the number of donations was put at $8 million. However, a recent update from the firm factoring in the donation from Binance shows a much higher number. Currently, the total amount donated to Ukraine so far via crypto sits at $19.8 million as of the last update.

Binance is not the only one that has made large donations to the effort in a single donation. Elliptic reports that a Ukrainian NGO had received a single bitcoin donation that was worth $3 million. As time goes on, the total amount of donations received is expected to rise.

Featured image from Binance, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Best Owie

Best Owie

Related Posts

crypto

Good For Crypto: FDIC Says Record $472 Billion Withdrawn By US Depositors

13 hours ago
Crypto nigeria

Here’s Why The CBN Will Not Allow Nigerians Withdraw Crypto From Commercial Banks

1 day ago
UAE Crypto License in Sight: Gemini Exchange Makes Move for Regulatory Approval

UAE Crypto License in Sight: Gemini Exchange Makes Move for Regulatory Approval

2 days ago
TD Cowen Closes Crypto Unit Just One Year After Launch

TD Cowen Closes Crypto Unit Just One Year After Launch

2 days ago
Dogecoin

Dogecoin Breaks Transaction Records In May, But Price Stability Remains Elusive

2 days ago
crypto

Crypto Under Fire: US Senator Lambasts Its Role In China’s Fentanyl Trade

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    2 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    2 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    2 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • As Polygon (MATIC) volumes soar, top analysts forecast...

    3 hours ago
  • Strategic Crypto Investments: 5 Coins to Watch in 2023

    6 hours ago
  • XRP Consultant and AI Crypto Analyst States ‘Best...

    10 hours ago
  • 6 Figures Crypto Portfolio Builder: Cosmos (ATOM)...

    11 hours ago
  • Floki Inu Trading Volume Jumps 300% in 24 Hours—Enough to...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.