Ukraine’s Vice President and Minister of Digital Transformation Mykhailo Fedorov has addressed the crypto community several times over the past week. He asked for donations, initially in Bitcoin, Ether, and USDT. After this became known through various channels, Gavin Wood, co-founder of Polkadot, also reacted to it. He promised $5 million if a polka dot address was also established.
The announcement of a speech by Polkadot and Solana immediately followed on the vice president’s Twitter account. He wrote: “The crypto community continues to support Ukraine. am @gavofyork grateful for an impressive $5 million donation @moles$ dot has done. This will certainly contribute to Ukraine’s victory and will support the civilian population. We will win, the best people are with us.”
Dogecoin: “We are not rich, but we care”
But it shouldn’t stop there. The Dogecoin community has also been asked for help. Meanwhile, a former developer of the meme coin responded:
In total, more than $54 million in crypto donations have been raised for Ukraine as of Friday, March 4. The vice president also expects to receive more assignments in the coming week. He wrote:
The Ukraine Crypto Fund raised $50 million worth of crypto in a week to support Ukraine. [Das ist] incredible unity in the face of Putin’s usurpation of freedom and democracy. I’m aiming for $100 million this week. We will win! #StandWithUkraine
Mykhailo Fedorov, March 04, 2022
Blockchains cannot be blocked
At the same time, the Russians can also take advantage of digital currencies. Because, as the CEO of the deVere Group pointed out, bitcoin, for example, cannot be controlled:
It is also clear to Bitcoin investor Lark Davis that the reasons for investing in Bitcoin could hardly be more obvious at this point:
For these two, the lack of control of Bitcoin does not seem to be a disadvantage, but rather a strength of the crypto system. As our editor-in-chief Sven Wagenknecht pointed out in Friday’s commentary, opinions differ on the moral dimension of resisting censorship.
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