Sunday, June 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Ethereum

CryptoPunk Sale Raises $100K in Ethereum to Support Ukraine War Effort

by Crypto News
June 20, 2022
in Ethereum
0
CryptoPunk Sale Raises $100K in Ethereum to Support Ukraine War Effort
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The federal government of Ukraine introduced right now that its Aid for Ukraine crypto fundraising marketing campaign offered a donated Cryptopunk NFT and raised over $100,000 to assist its battle efforts towards Russia.

Cryptopunk #5364 was donated to the Ukrainian crypto fund in March. Yesterday, the fund offered the NFT to an nameless purchaser for 90 ETH. NFTs are blockchain-based tokens that present possession over digital or bodily belongings.

Related articles

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

November 28, 2022
Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

November 28, 2022

Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation—the workplace liable for overseeing the nation’s wartime crypto fundraising—introduced the sale in a tweet right now. 

Breaking information on crypto donations: #CryptoPunk #5364 has been offered for 90 ETH. It is over $100K. Few months in the past this NFT was donated for @_AidForUkraine fund. Crypto neighborhood continues to assist Ukraine.

— Alex Bornyakov (@abornyakov) June 20, 2022

Ukraine began accepting crypto and NFT donations in late February, shortly after Russian troops invaded the nation. Since then, the nation has reportedly raised over $135 million in crypto via cryptocurrency donations and gross sales of donated NFTs. 

In early March, a crypto group raised $6.75 million for the nation’s battle effort by way of the sale of a single NFT of the Ukrainian flag. Just a few weeks in the past, the Ukrainian rap group Kalush Orchestra, this yr’s Eurovision champions, auctioned off their trophy from the music competitors to raise almost $1 million in ETH for the fund.  

The crypto fund helps buy non-lethal provides for Ukraine’s navy, ranging from bulletproof vests to medical supplies. The funds aren’t really held or spent by the Ukrainian authorities, which solely endorses and oversees the challenge. Ukrainian crypto trade Kuna operates the fund’s treasury, which is used to assist fund the purchases of volunteers. 

Ukraine’s wartime embrace of crypto has served as a case examine for the potential advantages of using crypto in geopolitical conflicts the place fiat foreign money (reminiscent of U.S. {dollars}) might be troublesome to maneuver shortly.

It has additionally highlighted potential drawbacks, as properly. The Worldwide Financial Fund warned in April that Russia could skirt economic sanctions by mining cryptocurrencies—though U.S. Treasury Secretery Janet Yellen says the observe hasn’t been widely observed.

Additional, crypto and NFT donations are totally uncovered to the present crypto bear market. Ethereum’s value has plummeted almost 70% within the final ten weeks, inexorably affecting the fundraising potential of NFT collections like Cryptopunks constructed on Ethereum.

The Cryptopunk that offered yesterday generated a little bit over $100,000 in wartime fundraising for Ukraine; that very same quantity of ETH would have been price over $267,000 on the day the NFT was donated in March.

Need to be a crypto skilled? Get the perfect of Decrypt straight to your inbox.

Get the most important crypto information tales + weekly roundups and extra!





Source link

Share76Tweet47

Related Posts

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

by Crypto News
November 28, 2022
0

Ethereum is down $44.10 immediately or 3.63% to $1172.11 --Snaps a six day successful streak --Down 25.17% month-to-date; On...

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

by Crypto News
November 28, 2022
0

Ethereum’s burning charge was greater than minting actions, leading to a very good provide charge Staking actions had been...

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

by Crypto News
November 28, 2022
0

Ethereum (ETH -3.67%) could also be down 69% for the 12 months, however its rivals are getting crushed even...

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

by Crypto News
November 28, 2022
0

The crypto market has been crashing since October 2021. A yr has handed and crypto costs are nonetheless on...

Daily Brief Financials: Ethereum and more – Smartkarma

Daily Brief Financials: Ethereum and more – Smartkarma

by Crypto News
November 28, 2022
0

Daily Brief Financials: Ethereum and more  Smartkarma Source link

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
BITCOIN TRADING LIVE – TECHNICAL ANALYSIS OF ALTCOIN CHARTS – WHAT IS COMING NEXT FOR BITCOINS PRICE

BITCOIN TRADING LIVE – TECHNICAL ANALYSIS OF ALTCOIN CHARTS – WHAT IS COMING NEXT FOR BITCOINS PRICE

February 16, 2023
Large Bitcoin BREAKOUT Coming SOON? TOTAL Market Cap Rallies Past New HIGH!

Large Bitcoin BREAKOUT Coming SOON? TOTAL Market Cap Rallies Past New HIGH!

February 16, 2023
Cryptocurrency Public & Private Keys

Cryptocurrency Public & Private Keys

February 16, 2023
CARDANO FOUNDER REVERSES ON COIN BURN

CARDANO FOUNDER REVERSES ON COIN BURN

February 16, 2023

Recent News

BITCOIN TRADING LIVE – TECHNICAL ANALYSIS OF ALTCOIN CHARTS – WHAT IS COMING NEXT FOR BITCOINS PRICE

BITCOIN TRADING LIVE – TECHNICAL ANALYSIS OF ALTCOIN CHARTS – WHAT IS COMING NEXT FOR BITCOINS PRICE

February 16, 2023
Large Bitcoin BREAKOUT Coming SOON? TOTAL Market Cap Rallies Past New HIGH!

Large Bitcoin BREAKOUT Coming SOON? TOTAL Market Cap Rallies Past New HIGH!

February 16, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News