At least $5 million in Bitcoin has been donated to boost the Ukrainian Army since Russia attacked the nation on February 24, according to blockchain analytics firm Elliptic. (Read More)

Tech entrepreneur Elon Musk has announced that the Starlink satellite internet service has been enabled for Ukraine. The move comes in response to a request from the government in Kyiv which is trying to halt a Russian military assault that may disrupt communications, among other threats. Elon Musk Provides Ukrainians With Access to Starlink U.S. […]

Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling. Wars Make Bitcoin Compelling: Michael Saylor The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him. Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS — Michael Saylor⚡️ (@saylor) February 24, 2022 One of the common investments behind Bitcoin (BTC) is that it’s a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar. Over $5M in BTC Raised to Support Ukrainian Army One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the wallet address has over 133 BTC. Founded in 2014, the Kyiv-based group provides support to Ukrainian soldiers, including a range of military equipment, training services, and medical supplies. At the same time, the country’s Ministry of Defence has also set up a designated bank account to accept donations for Ukrainian armies in fiat currencies.

The post Wars Create Inflation Making Bitcoin Compelling, Says MicroStrategy CEO appeared first on Cryptoknowmics-Crypto News and Media Platform.

Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed. Crypto Donations Soar After Russia Invaded Ukraine One of the largest non-governmental […]

Russian invasion has led many crypto personalities to support Ukraine. Binance CEO and Cardano founder extend their support. Bitcoin donations ...

Read More...

Donations have been coming in to support Ukraine. Organizations in Ukraine have received over $1 million in Bitcoin. Crypto is ...

Read More...

Pussy Riot has helped form UkraineDAO to provide support to embattled Ukrainians.

Over 14.5 BTC have been donated on Thursday to one of the largest organizations supporting the Ukrainian military.