BitcoinPolitics

Donations to Ukraine Find New Avenues

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Ukraine has launched a new donation website, Aid For Ukraine, to support its military and humanitarian efforts as the fight against Russia continues to evolve.  

The website is now live and is currently reporting close to $60 million in received donations at the time of writing. These numbers continue to grow, and updates can be accessed live through the provided website link.  

Providing Crypto Donations 

In the midst of the humanitarian disaster, Ukraine has asked countries and people to donate crypto to the fundraising account of the National Bank of Ukraine. The funds will be used for the support of humanitarian aid programs and the Armed Forces of Ukraine.

The Aid for Ukraine homepage makes it quick and easy to make cryptocurrency donations with a list of accepted virtual currencies provided including Bitcoin, Ether, Tether, Polkadot, and Luna.  

Users can simply click the currency they wish to donate, and they will be provided with the respective address to send funds.  

Furthermore, FTX is currently working directly with Ukraine's financial sector by converting donations to fiat and sending them to the National Bank of Ukraine.  

Ukraine President, Volodymyr Zelenskyy has also gone on record requesting help from the US as well as other NATO allies as the country's situation grows dire.

$1.5 Trillion U.S. Spending Bill 

U.S. President, Joe Biden, has recently approved a spending bill worth $1.5 trillion, which includes funds aimed at supporting both the Ukrainian military and other needs for support. 

Approximately $13.6 billion of these funds is expected to be set aside for direct support to Ukraine.  

The funds include the following:  

  • $4 billion to displaced refugees 
  • $6.5 billion to support the Ukraine military  
  • $1.8 billion for macroeconomic requirements 

Braiin’s Hash For Ukraine 

BTC Times previously reported on Braiin's hashrate donation account on Slush Pool, allowing miners to dedicate a portion of their hashrate towards the Come Back Alive Foundation. As an update on previously reported numbers, Braiin’s read-only profile for donations is currently reporting a Scoring Hashrate at 2.929 PH/s with a 24-hour average of 3.097 PH/s  

The total account balance sits at about $13,455 USD. 

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CJ is a copywriter by trade, specializing in technology and the decentralized world. He's a staunch supporter of financial freedom, self improvement, and living to one's highest potential. He currently runs Techtonic Copywriting while also acting as a marketing advisor for several startups and companies.

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