Ukraine raises $10 million in crypto donations
According to CNBC, Ukraine’s government has raised more than $10 million in cryptocurrency donations. The official Twitter account of the Ukrainian government had posted addresses for two crypto wallets: one accepting only bitcoin and the other taking Ether and Tether. About $1.86 million of the money donated to the government was generated through the sale of non-fungible tokens (NFTs). The development shows how Ukraine is turning to crypto for assistance during Russia’s military aggression.
Crypto prices today: Bitcoin falls 1.2%, ETH down 3.6%
Bitcoin is currently trading at $38,342, a 1.27% decline over the previous day. Ethereum fell 3.6% over the last 24 hours to $2,641.40. Solana fell 0.7% to $88.4, while Cardano is up 0.3% to $0.88. Polygon (MATIC) is down 1.76% to $1.47. The global crypto market cap stands at $1.73 trillion, a 1.92% increase over the previous day.
Blockchain-based storage app ArDrive raises $17.2 million
ArDrive, a blockchain-based permanent storage application, has raised ~$17.2 million in a seed round of 13 investors. The application houses over 6 million files from across the globe, including text, articles, photos, and videos. ArDrive allows users to maintain ownership and control of their data on the Arweave blockchain.
Ukraine asks exchanges to freeze Russian, Belarusian crypto accounts
Ukraine’s Vice Prime Minister Mykhailo Fedorov has asked all major crypto exchanges to block the addresses of Russian users. Dmarket, a Ukrainian-born digital assets company that works as a crypto exchange, has accepted the request. Fedorov explained that it is crucial to freeze not only the addresses linked to Russian and Belarusian politicians but also to sabotage ordinary users.
Crypto trading platform CoinSwitch rolls out recurring buy plan
CoinSwitch has rolled out a recurring buy plan in order to simplify investments in digital assets, making them systematic and disciplined. The new facility will enable users to beat market volatility and avoid making impulsive buying or selling decisions. It lets users keep aside a fixed sum to buy crypto assets each month over a long period of time.