The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country. In a Friday tweet, Ukraine’s minister of digital transformation Mykhailo Fedorov said the government launched an initiative with nonfungible token, or NFT, artwork depicting key moments from the Ukrainian perspective from Feb. 24 onward. The NFTs feature events starting at 5:45 AM local time on the day of the conflict, when Russia announced a “special military operation” in the Donbas region of Ukraine. According to the NFT museum website at …

Cryptocurrency exchange Crypto.com plans to use its ad time during the 94th Academy Awards on Sunday to air a TV spot regarding the humanitarian crisis in Ukraine. In a Wednesday announcement, Crypto.com CEO Kris Marszalek said the exchange had partnered with the International Committee of the Red Cross, or ICRC, to launch a campaign aimed at helping those suffering under war-torn conditions in Ukraine. The CEO did not specify what the campaign would entail, but the platform already allows donations in crypto, fiat, and nonfungible token purchases to the humanitarian network Red Cross Red Crescent. The exchange will match up …

“Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine”, said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto fundraising efforts aimed at supporting Ukraine against Russia’s offensive. Right after Russia's attack on Ukraine started on February 24, Polosukhin and other Ukrainian crypto entrepreneurs created the Unchain Fund, which to date has gathered nearly $7 million in crypto donations. That is only one of the several crypto funds that are currently supporting the Ukrainian Government raising a …

Larry Fink, the CEO of the world’s largest asset manager BlackRock, believes the ongoing Russia - Ukraine crisis has boosted the case for digital currencies as a tool of settlement for international transactions. In a shareholders letter, Fink noted that the ongoing war would force nations to reassess their currency dependencies which could eventually make way for a global digital payment network, reported Reuters He said the war has put an end to the globalization forces at work over the past 30 years. Fink’s observation about the boost in the digital currency market is quite spot on, as trade sanctions …

The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over 50% from recent figures and a peak of $70 million on March 7, according to data from Chainalysis. This amount represents a tiny slither of the total global crypto market volume, with Bitcoin’s total daily volume generally fluctuating between $20 billion and $40 billion. In a presentation at the Bank for International Settlements Innovation Summit on Tuesday, the crypto …

The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy. Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern among entrepreneurs in the nation while also impacting other economies with strong Russian trade ties. With Visa and Mastercard halting their Russian operations, there will be further untold consequences …

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation. The crypto community has done just that with nonfungible token (NFT) companies, decentralized autonomous organizations (DAOs) and crypto users all over the world leading the effort to help aid Ukraine with donations of Bitcoin (BTC), Ether (ETH), Polkadot’s DOT and even NFTs. It is impressive how fast the crypto community got behind the Ukrainian people. Two days after …

While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying BTC using the national currency. PrivatBank, the largest commercial bank in Ukraine, has temporarily restricted its customers from purchasing Bitcoin with the national currency, the hryvnia (UAH), industry publication Forklog reported on Thursday. Citing a spokesperson from PrivatBank, the report notes that the latest PrivatBank’s restrictions fall in line with an order from the National Bank of Ukraine. The restrictions will reportedly apply during the current period of martial …

Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards. DFINITY’s Internet Computer was launched in May 2021 and is a public blockchain and protocol that’s trying to decentralize the internet. Williams' March 16 proposal is focused on countering propaganda, and informing the Russian population — who he suggests are in general “completely ignorant” — on the reality of what is actually taking place in Ukraine, which will then, in turn, spur them on to …

Volodymyr Zelenskyy, the President of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market. In a Wednesday announcement, Ukraine’s Ministry of Digital Transformation said Zelenskyy signed a bill named “On Virtual Assets”, first adopted by the country’s legislature, the Verkhovna Rada, in February. Crypto exchanges and firms handling digital assets will seemingly be required to register with the government to operate legally in Ukraine, and banks will be allowed to open accounts for crypto firms. The law endows Ukraine’s National Securities and Stock Market Commission with the …

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Economic warfare can’t be separated from geopolitical conflict, and just like in the violence of physical war, innocent civilians often fall in the crosshairs. The advent of cryptocurrency, however, is slightly transforming the dynamic this time around. As Russia’s invasion of Ukraine sends shockwaves across the global markets, many are championing digital assets as a safe haven during destruction and unrest. Indeed, Russians and Ukrainians …

Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people. In a Monday announcement, Ukraine’s ministry of digital transformation said the government had launched Aid for Ukraine, a platform which accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX), and Neo (NEO) “to support people in their fight for freedom.” Many parts of the country have been under attack by Russia’s military since Feb. 24. According to …