Mykhailo Fedorov News

It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. The military conflict immediately triggered devastating sanctions against the Russian economy from the United States, the European Union and their allies and has put the crypto industry in a position that is both highly vulnerable and demanding.

Wladimir Klitschko has collaborated with New York-based Street Artist 'WhIsBe'.

Wladimir Klitschko has launched an NFT collection to aid the war-hit homeland. The decorated boxer has partnered with artist WhIsBe amid the ongoing crisis in the country. All proceeds from the collection titled — Vandalz for Ukraine: WhIsBe x Wladimir Klitschko — will go to Red Cross Ukraine and UNICEF. NFT marketplace OpenSea will be hosting the drop. The NFTs will be available to mint in a tiered pricing model of $100, $1,000 and $10,000. Funds from the NFT sale will go directly to Ukraine in its current defence against the Russian forces.

CoinZoom To Block New Accounts Within Russia, Says CEO to Reuters

Ukraine has increased the number of cryptocurrencies it is accepting for military donations

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Recently, Ukraine’s Vice Prime Minister Mykhailo Fedorov had tweeted that a Dogecoin wallet has been added for crypto donations. DOGE joined the existing BTC, USDT, ETH, and DOT wallet addresses as the war-hit country’s donation options. Reportedly, close to $50 million have been raised so far.

Centralized exchanges, or CEX, CEOs from companies such as Binance, Coinbase, and Kraken have all stated they will only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users.

Ukraine's government announced on Thursday that it cancelled its plan of a crypto airdrop for receiving donations towards its fight against last week's Russian invasion. The authorities have instead stated that they will sell non-fungible tokens (NFTs) to raise funds to support its armed forces.

Perhaps like nothing else before it, Russia’s invasion of Ukraine has proved why interoperability in crypto is the need of the hour. As supporters send coins to Ukraine’s administration and pro-military NGOs, government officials found themselves on the receiving end of diverse crypto-assets – including NFTs.

Ukraine has canceled a much-talked-about "airdrop" to people who have donated crypto to the country, with non-fungible tokens (NFTs) that support Ukraine’s Armed Forces now being planned instead, the country’s Minister of Digital Transformation, Mykhailo Fedorov, said on Twitter.

The international hacker collective Anonymous is reportedly trying to buy off the already demoralized Russian troops by offering USD 44,280 in bitcoin (BTC) in return for every surrendered tank. 

As Russia's rouble buckles under sanctions, Bitcoin and other digital currencies are rising, stoking speculation that their use could help Moscow bypass the West's economic blockade.

Ukraine has expanded the number of cryptocurrencies it is accepting for donations toward its military as Russia's invasion continues.

Animoca Brands, a digital entertainment company that develops and publishes a wide portfolio of blockchain games, traditional games, and other products, has banned all Russian customers from its services in response to the country's invasion of Ukraine.

Ukraine had legalised cryptocurrency just days before Russia's invasion

Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms.

As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.

Ukraine's government has raised cryptocurrency worth almost $13 million after posting appeals on social media for donations of bitcoin and other digital tokens, data from blockchain analysis firm Elliptic showed on Monday.

In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell. 

crypto donations, adding to crowdfunding efforts that have raised more than $5 million in Bitcoin, Ether and other tokens since Friday. Ukraine’s official Twitter handle, as well an account belonging to the country’s Vice Prime Minister Mykhailo Fedorov, shared details of the crypto wallets on Saturday. Victor Zhora, one of Ukraine’s top cyberdefense officials, confirmed to Bloomberg that the tweets and the wallet addresses were accurate. The addresses posted by these accounts have received hundreds of donations worth more than $3 million in less than 24 hours, according to transaction information available for the wallets and data from blockchain analytics firm Elliptic. The median donation was worth around $95, Elliptic co-founder Tom Robinson previously told Bloomberg News by email.