Crypto Donations to e Surge to $108M

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Crypto Donations to e Surge to $108M

Crypto Donations to e Surge to $108M

Donations from generous blockchain enthusiasts worldwide continue to pour in two weeks into the Russo-ian War. On Wednesday, Cointelegraph reported that total crypto donations to ian government wallet addresses, charities, and relief efforts had reached $108 million. The top three recipients of such funds are the ian government’s official Bitcoin (BTC), Ethereum (ETH) wallet addresses, and a BTC donations address for Come Back Alive.

On the same day, Kraken announced that it would donate over $10 million to relief efforts to clients who opened an account in e before March 9. ian Kraken clients will receive $1,000 in BTC regardless of their account balance during the first tranche of fund disbursement. In addition, the exchange waived currency exchange fees for withdrawals of up to $1,000.

On Wednesday, the Bored Ape Yacht Club, or BAYC, also contributed to the cryptocurrency fundraising efforts for e. Following the collection of nearly $1 million in ETH from wallets containing a BAYC nonfungible token, the developers of BAYC announced that they would match the donation with a $1 million ETH donation of their own.

Binance’s e Emergency Relief Fund has received over $11.3 million in BTC, BNB, and Binance USD since its inception; it is another notable contribution. Furthermore, it appears Kuna’s Crypto Fund of e received over $14 million in significant altcoins such as Polkadot (DOT), Tether (USDT), Candle (CNDL), USD Coin (USDC), and Dai during its most recent update on March 3.

Bitcoin Track to Reach $100K

The bearish sentiment has dominated the crypto markets since the beginning of the year; however, Pitbull Capital CEO Joe DiPasquale believes Bitcoin (BTC) is still on track to reach $100,00; according to him, it should happen within the next 24 months. Following the outbreak of a military conflict between  and e, Bitcoin has shown a mixed reaction; initially it fell alongside equities but then strongly rebounding. Many people wondered if Bitcoin could still be considered the digital equivalent of gold.

There is growing concern that the n elite will attempt to circumvent Western sanctions by using cryptocurrency. Like many other analysts in recent weeks, DiPasquale believes crypto is unsuitable for this purpose.

The post Crypto Donations to e Surge to $108M appeared first on FinanceBrokerage.

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