Government-provided addresses raise $70 million of crypto donations for war-torn Ukraine.
Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report.
Other digital donations have been made to addresses posted by charity organizations raising funds for their humanitarian efforts. According to a recentby blockchain analytics company Elliptic, Ukraine supporters have sent a total of over $212 million in cryptocurrency. “Although such donations pale in comparison to fiat donations, they demonstrate the philanthropy of cryptocurrency enthusiasts across the globe and Ukraine’s willingness to accept a wide variety of digital assets,” Chainalysis commented in its blog post. It also noted that the majority of donations were made in
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