Tag: Russia-Ukraine crisis

Following the Russian attack on Ukraine, the latter has been continuously calling for “sabotage” of everyday Russians’ crypto assets. The European allies of Ukraine have also supported the request by raising concerns that Russia could use crypto to evade Western sanctions. Interestingly, it appears that the Central Bank of Russia, or CBR, is one of the strongest proponents […]

The world is highly criticizing the actions of Russia, but the crypto industry is among the most impacting sectors for the nation. As per the data by Blockchain-analysis firm, Russian-dominated crypto trading on major exchanges has stalled, debunking claims that the nation would use digital assets to evade imposed sanctions. Last week, when the crypto community […]

The European Union on Wednesday publicized that in less than ten days of time, it aspires to eradicate seven Russian Banks from the Society of the Worldwide Interbank Financial Telecommunication. The authorized banks’ list contains Russia’s second-largest bank VTB, Bank Otrkitie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, and VEB. Impact on Russian economy and banking system […]

The decentralized exchange platform Uniswap has introduced an interface that allows users to convert ERC-20 tokens like Aave, Chainlink (LINK), and Decentraland (MANA) to Ether (ETH). The platform announced on Tuesday that coins are then sent in one transfer to the Ukrainian government’s official crypto wallet addresses. Uniswap said that the address supplied by Ukraine is on […]

Revolut’s Russian-British Chief Executive Officer (CEO), Nik Storonsky has called for a ceasefire in the ongoing war between Russia and Ukraine. Per a blog post he shared for the first time since the attack started on February 24, Storonsky, born to a Ukrainian father said he took the diplomatic escalation as a shock as he […]

Ukraine has responded to requests from the cryptocurrency world to accept crypto donations in other tokens. Country’s official Twitter account said the country would also accept Polkadot (DOT), a form of payment, with additional tokens to follow soon. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P […]

After making an effort to survey, Ukraine received a slew of crypto wallet addresses linked to Russian politicians, the private lawyer charged with the task, Artem Afian, said.  Afian believes that the war criminals would use crypto to avoid the imposed sanctions, and his team wants to get them there. On Saturday, Mykhailo Fedorov, the deputy […]

After imposing devastating sanctions on Russia, the White House and the Treasury Department have issued a warning to US-based businesses and individuals not to support crypto transactions addressed to specific Russian individuals and banks. U.S. residents may not use digital currencies to benefit Russia’s government — including the nation’s central bank — as an attempt to shift U.S. […]

Following Ukraine’s request to major exchanges to block Russian and Belarus investors, multiple crypto exchange platforms have replied. Despite the crypto community highly criticizing Russia’s actions, Ukraine’s request was also criticized by the community. On Sunday, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, tweeted the request. This came shortly after the […]

On Sunday, days after Russia decided to invade Ukraine by performing “special military operation,” the latter ratcheted its stance against the former’s crypto users, saying that it is time to “sabotage ordinary users.” Vice Prime Minister Mykhailo Fedorov asked “all major crypto exchanges to block addresses of Russian users” on Twitter. He has previously requested information regarding digital wallets […]

A major name in the crypto community, Elon Musk, who is the owner of Tesla Inc. and aerospace manufacturer SpaceX, has been silent on the Russia-Ukraine crisis. However, recently the tech billionaire has come forward to rescue Ukraine’s internet after the nation’s Vice Prime Minister Mykhailo Fedorov directly reached out to him on Twitter. On Friday, Ukrainian […]

According to blockchain analysis firm Elliptic, Ukraine’s government has raised more than $8 million in cryptocurrencies after appealing for donations of bitcoin and other digital tokens on social media, as we reported. Following Russia’s invasion of Ukraine, Ukraine’s official Twitter account made a call for crypto donations on Saturday, revealing digital wallet addresses for tokens such as […]

The Ukrainian government reached out to the crypto community in the first week of the Russia-Ukraine war to raise crypto donations to support its people and military. Ukraine has begun taking donations in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). As Russia threatens to conquer Ukraine’s capital city of Kyiv, there has been heavy talk on social media, […]

Russia’s action to perform a special military operation on Ukraine has resulted in outpouring sympathy for the latter in the crypto community. Many people want to donate crypto to help the country, but they fail to do so due to lack of information. How to donate crypto to Ukraine? The first and foremost important step is […]

After the White House sanctioned five major banks in Russia — VTB, Sovcombank, Otkritie, Novikombank, and Promsvyazbank — as a result of its attitude towards Ukraine, the sanctioned banks no longer will be able to support services like Apple Pay and Google Pay. As per the announcement by the Central Bank of the country, the credit and debit cardholders in […]

The European Central Bank (ECB) is seeking approval from lawmakers for a crypto-related regulatory framework, signaling the potential prevention of Russia from getting around economic sanctions. While talking to reporters during a casual meeting of economics and finance ministers on Friday, ECB president Christine Lagarde said that the central bank is aiming to implement the sanctions on […]

In reaction to Russia’s attack on Ukraine, U.S. President Joe Biden issued penalties that did not include cutting Ukraine off from SWIFT payments or crypto transfers. Biden said the U.S. and its allies in the region would be enforcing sanctions intended at exacting “devastating costs” on Russia as a result of “Putin’s war of choice against Ukraine,” […]

According to Nikolai Arefiev, a member of Russia’s Communist Party and vice-chairman of the Duma’s economic policy committee, retail customers may lose their investments if harsh Western sanctions are imposed as Russian armies invade Ukraine. Arefiev said in an interview with the local news outlet News.ru on Monday that if Western countries decide to ban all of […]