Cryptocurrency analysts say at least $13.7m (£10.2m) has so far been donated to the Ukrainian war effort through anonymous Bitcoin donations.
Researchers at Elliptic, a blockchain analysis company, say the Ukrainian government, NGOs and volunteer groups have raised the money by advertising their Bitcoin wallet addresses online.
More than 4,000 donations have been made so far, with one unknown donor gifting Bitcoin worth $3m to an NGO.
The median donation is $95.
On Saturday afternoon, the official Twitter account of the Ukraine government posted a message: “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.”
It posted addresses for two cryptocurrency wallets which collected $5.4m in Bitcoin, Ether and other coins within eight hours.
I – Word Understanding
Cryptocurrency – a digital currency in which transactions are verified and records
maintained by a decentralized system using cryptography, rather
than by a centralized authority.
Blockchain – a system of recording information in a way that makes it difficult or
impossible to change, hack, or cheat the system.
II – Have Your Say
1, Cryptocurrency fund raising is becoming an increasingly prominent part of modern conflicts around the world. Are you familiar with cryptocurrencies? Do you think it is safe to use? Is your country ready to use it as a currency?
2, What is your opinion in the current state between Russia and Ukraine?
