$120 million and counting: How the 'first crypto war' is unfolding in Ukraine

Date:


Did Russia’s invasion of Ukraine spark the first ‘crypto war’?

Digital assets raised since the beginning of March allowed Ukraine to provide its army with bulletproof vests, packed lunches, thermal imagers helmets.

As Ukraine inches toward the fourth week of fighting off Russian forces, Ukrainian officials are continuing to leverage cryptocurrencies to raise funds against Russian President Vladimir Putin’s efforts.

Within the first three days of launching a website the Ukrainian government raised $56 million out of their $200 million goal,  in addition to the $63.8 million officials raised with Come Back Alive, a Ukrainian nongovernmental organization, according to Elliptic, a blockchain analysis firm. 

Subscribe to continue reading

Access all subscriber-only stories free for 2 months

Subscribe Now

Help Terms of Service Privacy Policy Your California Privacy Rights / Privacy Policy Our Ethical Principles Site Map

© 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Biden rolls out alternative to traditional trade pact in Indo-Pacific, aim is countering China

Unwilling to pursue trade agreements that are unpopular...

Erik ten Hag fires warning to Manchester United players in first interview as manager

Speaking in his first interview as manager, Ten...

Dog owners issued warning after pet bitten on neck by venomous snake during walk

The incident took place last Thursday at Burncrooks...

Lewis Hamilton dedicates Spanish GP finish to terminally ill child in heartwarming gesture

Lewis Hamilton has dedicated his Spanish Grand Prix...