The valuation of crypto contributions to help Ukraine in the endeavors thereof to push Russia has spiked above the new landmark of $13M. The current move was expressed on the behalf of @WuBlockchain as it noted the respective matter along with the attachment of the crypto donations’ breakdown. The statistics of the encrypted donations of Ukraine were released by SlowMist, as mentioned in the statement. At present, the amounts of 204 BTC, 1349 ETH, as well as a few stablecoins have been collected, with a cumulative value of nearly 13M worth in USD.
Markets could be advantaged by crypto donations for Ukraine
Additionally repeating @WuBlockchain, the crypto donations’ amount is substantial as the prominent crypto tokens as well as the stablecoin USDT (Tether) are included in the respective contributions. This signifies that the donors’ demand to buy Ethereum as well as Bitcoin could potentially be lagging as compared with the price stability that is seen in the markets of cryptocurrency. Purchasing of ETH and BTC to help Ukraine is likely assisting the presently running recovery of the crypto market.
Also read:Currently, BTC is some hundred dollars behind $40k whereas Ethereum is attempting to reach a price level of nearly $2,800 as support. Both the tokens’ prices are 16.5% as well as 21.7% above the local dips of $34,322 as well as $2,300 witnessed on 24th February, when the Ukrainian invasion was initiated by Russia. The tricksters and scammers did not spare the endeavors to contribute donations to Ukraine on humanitarian grounds.
Vitalik Buterin suggests private donors scrutinize crypto addresses
The respective situation pushed Vitalik Buterin – the Ethereum founder – to alert the community of cryptocurrency to be vigilant, slow as well as careful while transacting irreversible funds in cryptocurrency.
He expressed his remarks through a Twitter post. In this way, the possibility of being scammed can be minimized after comprehensively checking the receptive crypto addresses. Formerly, Vitalik Buterin had shared a post on Twitter and highlighted that the crypto address included in it was likely possessed by a scammer.
Nevertheless, the crypto founder shortly acknowledged that the statements thereof were wrong. Moreover, he asserted that the entirety of the requests for crypto donations, that were carried out through the respective address, were genuine, thus signifying that a lot of expertise is required to detect crypto fraudsters.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.