The Ukrainian government is piling on the pressure for crypto exchanges to take action against Russia following the invasion of Ukraine.

As the war in Ukraine rages on, an interesting phenomenon that has emerged is the role cryptocurrencies can play during a global crisis of this scale, and the ways in which it can be utilized by both sides to either circumvent financial measures against them or rally international economic support. Russia to foray into crypto? […]

According to data from blockchain analytics firm Elliptic, crypto is giving the military in Ukraine the money it needs to defend itself. More than $4 million in donations have made their way into the Eastern European country, and much of that money stems from bitcoin and crypto. Ukraine Is Getting a Lot of Crypto The...

The post Crypto Donations for Ukraine Keep Pouring In appeared first on Live Bitcoin News.

Kraken's CEO, alongside other exchanges, issued warnings about storing funds with centralized custodians as Russian sanctions pile up.

The post Kraken CEO: Exchange must ban US traders if it freezes Russian accounts appeared first on Protos.

Ukraine’s Deputy Prime Minister Mykhailo Fedorov asked major crypto exchanges to block addresses of Russian users. Earlier, Fedorov searched for ...

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Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant […]

Tether’s USDT stablecoin is currently trading at a 5% premium on trading pairs involving the hryvnia (UAH) on Ukraine’s popular crypto exchange Kuna. USDT Trading at Premium On Ukrainian Crypto Exchange On the popular Ukrainian exchange, Kuna, USDT/UAH trading pair is currently trading at 33.4 UAH, equivalent to $1.12. The Russian-Ukraine tensions have devalued the Ukrainian hryvnia over the past week. In fact, the representatives of Kuna even suggested that there has been a limited supply of Tether’s USDT stablecoin in the country which has led to such high premiums. Despite Kuna’s prominence within Ukraine, it’s a fairly small exchange with only 400,000 active accounts. The exchange only handles $4.8 million of 24-hour trading volume whereas leading U.S. exchanges handle billions of dollars per day. Ukraine Gets Millions in Crypto Donations On Saturday, the official Twitter account of Ukraine had called for crypto donations “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum, and USDT,” the tweet read. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14 — Ukraine / Україна (@Ukraine) February 26, 2022 The Ukrainian government and non-governmental organizations (NGOs) together have raised over $14.2 million in anonymous crypto donations till Sunday, according to blockchain analysis company Elliptic. In fact, a single donor sent $3 million in Bitcoin (BTC) in a single transaction.

The post Tether (USDT) Trading at 5% Premium On Ukrainian Crypto Exchange appeared first on Cryptoknowmics-Crypto News and Media Platform.

As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Monday, from 9.5% to 20%.

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)

Ukrainians are turning to cryptocurrencies for day-to-day cash transactions in the wake of the armed conflicts with Russia. Donations have also flowed in Bitcoin, Ethereum, USDT, and other cryptocurrencies in the defense of the country.

After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium. Crypto in Ukraine Sees Premiums The ongoing […]

The Ukrainian crypto community is reaching out to its international friends and colleagues. Ukraine is actively fighting for its freedom and independence with the Russian Federation! The Ukrainian crypto community is helping the army and activists fighting on the streets of Ukrainian cities. We know that victory and justice are on our side. We’re doing everything possible so that the Russian occupiers don’t take away our freedom. The Ukrainian crypto community asks to support our country, so the whole world can stop Russian aggression! You can help Ukraine with donations in crypto and fiat. To Donate And Help Ukraine in crypto:  Unchain.Fund https://unchain.fund/ https://t.me/unchainfund Ukrainian crypto exchange Kuna https://my.kuna.io/en/kunaid-ukraine https://t.me/Kuna_official/807 Ukrainian crypto exchange WhiteBIT https://zsu.pay.whitepay.com/  in Bitcoin and fiat  Fund “Turn back alive”  (“Повернись живим”) https://savelife.in.ua/donate/   official donate  https://bank.gov.ua/ua/news/all/natsionalniy-bank-vidkriv-spetsrahunok-dlya-zboru-koshtiv-na-potrebi-armiyi Слава Україні! Glory to Ukraine! Слава Украине!