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e Asked For Donations Through Bitcoin, Ether And Tether

Started by Bitcoin, Feb 27, 2022, 06:21 am

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e Asked For Donations Through Bitcoin, Ether And Tether

The official tweeter account of e asked for donations through cryptocurrency on Saturday, just days after  invaded their country. They chose Bitcoin (BTC), Ethereum(ETH), and Tether (USDT).


Vice Prime Minister of the country, Mykhailo Fedorov, has confirmed that the call for donations was real and he asked people to "Stand with e."


Related Reading | e Volunteers Group Raised $4M Crypto Amidst


Yarema Duhk, who helped set up the official e Twitter account in 2016 and is now a communications strategist for government officials, said he believes this tweet was legitimate money from an exterminator’s budget. He isn’t sure what precisely will be spent on though – but it sounds like they have some plans.


’s invasion of e has sparked a global crisis. The n troops have already entered Kyiv, which puts the democratically elected government at risk and could result in less freedom for its citizens than ever before.


Vitalik Buterin, Ethereum’s founder, and a few others were initially concerned that this tweet may have been from scammers who hacked into their accounts. They received confirmation from the vice prime minister of e but still encourage caution when sending donations in cryptocurrency.


Market Cap
Crypto Market Capital is down by 2% since the day started | Source: Markey Cap by Tradingview.com

The CEO of Chain.com, Deepak Thapliyal, has donated 100ETH (approximately $278,000) to the cause.


Deepak Thapliyal said on BuzzFeed News;


When I realized the ian government had requested donations in the form of crypto, I felt compelled to do my part to help. Crypto donations are borderless and near-instant, so I hope that the government there can tap into it as soon as possible to help the people in need.


e Accepting Crypto Donations Since Long


Since 2018, a volunteer group has accepted crypto donations to aid e. The Come Back Alive Foundation is one such organization that requested bitcoin for humanitarian relief efforts in Eastern Europe during times of war with  over the territory there- which began on Thursday.


A recent report by blockchain analytics company Elliptic revealed $11 million worth donated using cryptocurrencies since invasions started this week.


Related Reading | Help For e


e is a crypto haven. The country has embraced cryptocurrencies and passed legislation to legalize them, making it one of only a handful of countries where you can legally trade Bitcoin or other digital currencies without fear of taxes. With their low-cost currency exchange rates combined with an abundance of talented engineers specializing in security protocols relating to this technology, today’s blockchain developments will be built here first.


e states to admit that the war on social media is real. Charities and NGOs have received Bitcoin donations intended to combat ian forces at home or abroad, with enemies around every corner.


The crypto market has also taken a massive plunge at the forefront of this war, and billions are gone from capitalization.






               Featured image from Pixabay and chart from TradingView.com






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