UkraineDAO, the decentralized autonomous organization created by Pussy Riot’s Nadya Tolokonnikova, Trippy Labs and PleasrDAO members, crowdfunded 2188 ETH, or $6.1 million, for a 1/1 Ukrainian flag NFT. Proceeds will go to nonprofit organizations in Ukraine that are helping those affected by the Russian invasion. The NFT sale was hosted as a PartyBid auction, allowing people to pool resources and bid collectively for fractionalized ownership of the digital Ukrainian flag. Contributors will receive ERC-20 tokens in the form of LOVE tokens depending on the donation amount. At the time of writing, the NFT has not been fractionalized and the funds …

The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead. After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens — Mykhailo Fedorov (@FedorovMykhailo) March 3, 2022 Ukraine’s crypto airdrop program took …

While the West is growing increasingly concerned over Russia’s potential use of cryptocurrencies to evade sanctions, some Russians are using their Bitcoin (BTC) to help Ukrainian people. Pavel Muntyan, a renowned Russian animation producer and creator of the animated web series “Mr. Freeman,” has called on anti-war Russians to support Ukrainian citizens amid Russia’s ongoing military attack on the country. Muntyan took to Twitter on Tuesday to announce the opening of a cryptocurrency donation address for Russians who want to support Ukrainian people anonymously as Russia has banned its citizens from helping people in Ukraine. On Feb. 27, Russia’s General …

With the price of the meme-based token Dogecoin higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. Ukraine's minister of digital transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped significantly against the U.S. dollar in the wake of U.S. and EU sanctions, its price has been lower than DOGE’s since January 2021. According to data from Cointelegraph Markets Pro, the price of Dogecoin (DOGE) is roughly $0.13 at the time of publication, having fallen by less than 1% over the …

On Tuesday, decentralized exchange, or DEX, Uniswap launched an interface that directly converts ERC-20 tokens, such as Aave, Chainlink (LINK), and Decentraland, to Ether (ETH). These coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed that the address shared by the Ukrainian government is located on a centralized exchange and only accepts ETH and Tether (USDT). Thus, the feature simplifies the donation process for anyone holding ERC-20 tokens on Uniswap's list and who wishes to donate by connecting their wallet to the DEX. 2/ …

According to an investor presentation published Tuesday, U.S.-based payment solutions provider Shift4 announced its acquisition of The Giving Block in cash and stock for $54 million, plus a potential earnout of up to $246 million. The Giving Block is an online platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations. As told by its annual report, the organization processed $69.64 million in crypto donations, an increase of 1,558% from 2020. Out of this amount, approximately $12.3 million came from donations by nonfungible tokens, or NFT, projects. Ether (ETH) became the most-popular crypto donated for the first …

Based on data gathered by Cointelegraph, the amount of tracked crypto donations sent to the Ukrainian government, military, and charities has surpassed $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT), and other altcoins. The numbers are also based on tracked projects and do not account for items such as donation efforts between individuals. The biggest recipient of crypto donations appears to be the "Reserve fund of Ukraine," backed by the country's native cryptocurrency exchange, Kuna. According to its official Telegram channel, the exchange has raised approximately $13 million in crypto for Ukraine, mainly …

As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well. Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users. He emphasized that exchanges should freeze not only the addresses tied to Russia and Belarus officially but also to “sabotage ordinary users.” I'm asking all major crypto exchanges to block addresses of Russian users. It's crucial to freeze not only the addresses linked to Russian and Belarusian …

Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the government of Ukraine sought help from numerous international organizations to overpower the imminent threat. However, considering time is of the essence, the official Twitter account of Ukraine extended its call for help to Crypto Twitter. Stand with the people of Ukraine. Now accepting cryptocurrency donations. …

On Thursday, Russia launched a full-scale invasion of Ukraine on multiple fronts, prompting a swift response from the Ukrainian government as it mobilized troops, armed civilians and called upon world leaders to come to its aid. The same day, the Ministry of Defense of Ukraine began accepting donations for its armed forces by setting up a designated bank account for foreign currency wire transfers. The Ukrainian army cited "numerous requests from individuals and legal entities who are not residents of Ukraine and wish to make donations." It appears one particular part of the memo caught the attention of social media …

Charities and donations have been a trending topic in the cryptocurrency realm as of late. And its not simply as an act of giving; in countries such as the U.S., the country's revenue authority provides generous tax deductions for those who donate their crypto to registered charities. One company, The Giving Block, provides such crypto-fundraising onboarding solutions to more than 1,000 nonprofits. But just how does investors' money make a difference? In a series of case studies provided to Cointelegraph, The Giving Block illustrated how six such charities benefited as overall donations volume on its platform surged over 1,000% year …

When he’s not designing merch for the NBA or supplying coffee for big retailers, Shawn Kurz is fighting world hunger with the help of blockchain technology. Motivated to mend the shortcomings of traditional charity systems, Kurz founded FoodChain Global (FCG), an organization that uses a blockchain-based ecosystem to support charitable initiatives targeting global hunger. Enlisting the help of Cody Boyd, a former military systems engineer to lead a blockchain development team, the FCG launched digital asset products like FoodChain Global token (FOOD) and nonfungible tokens (NFTs) and uses the profits to supply food to food banks. Kurz told Cointelegraph that …