Global

Binance Founder Announces the Donation of $10M To Ukraine For Emergency Relief Fund

After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. Now, The Cryptocurrency industry did not remain silent either and has started showing Love towards Ukraine. International support for Ukraine is continuously growing.

Binance, the world’s largest crypto exchange by volume, CEO CZ has announced a $10 million donation to Ukraine. Also launching an emergency fund for the affected country. See CZ tweet below:

Crypto Industry Ready To Support Ukraine

Not only Binance but Binance Charity is also working side by side as the Ukraine Emergency Fund, started by Binance Charity, has raised over $6 million in donations already. The fund is dedicated to helping those affected by recent natural disasters and violence in the Eastern European country of Ukraine.

Sam Bankman Fried, FTX’s founder, announced that he had donated 25 dollars worth of cryptocurrency to each user in Ukraine following the Russian war crisis.

Bitcoin Price
Bitcoin is trying to break its $40,000 support | Source: BTC/USD Chart on Tradingview.com

FTX, a Bahamian cryptocurrency exchange offers advanced trading options like margin & futures trading. Unfortunately, U.S. residents can’t access them due to US-based laws that prevent them from operating within their home turf. However, another rival called FTX.US offers fewer crypto options than what you’ll find at regular FX platforms worldwide.

Also Read: Why scars don’t stop me in stripping off

The CEO of Chain.com, Deepak Thapliyal, has donated 100ETH (approximately $278,000) to help fund the cause.

White commenting to BuzzFeed News, Deepak Thapliyal said;

When I realized the Ukrainian government had requested donations in the form of crypto, I felt compelled to do my part to help. Crypto donations are borderless and near-instant, so I hope that the government there can tap into it as soon as possible to help the people in need.

Vitalik Buterin, founder and inventor of Ethereum, expressed his support for Ukraine. He used the words “Victory For Ukraine” in a recent post on Twitter.

Also Read: The Mental Torture of Britian 

Ukraine And Donations

Ukraine is a hotbed of blockchain innovation. The country’s embrace of cryptocurrencies has made it one of the few places where you can legally trade Bitcoin or other digital currencies without fear from taxes and with their low-cost currency exchange rates combined with an abundance of talented engineers specializing in security protocols relating to this technology; today’s developments will be built here first.

Just days after Russia occupations Ukraine, the country’s official tweeter account asked for donations through cryptocurrency.

Also Read: Oyface: Is there really a problem with jewing-up?

Vice Prime Minister of Ukraine, Mykhailo Fedorov, has confirmed that the call for donations was real. He asked people to “Stand with Ukraine.”

As the crisis in Ukraine continues to grow, it is becoming clear that Russia has invaded to install a puppet government. The Russian troops have already entered Kyiv, which put the democratically elected government at risk. This could result in less freedom for its citizens than ever before.

Shivam Bangwal

Shivam Bangwal is an India-based Entrepreneur. He is the Founder of Successful Startups like Youthistaan, People News Chronicle, Hitchhike TV & Branding Panther. Shivam has done his Master's in Computer Applications.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button