Ukrainian Military Receives Nearly $1 Million in Bitcoin Donations | Ethereum ZK Rollup Testnet Launches | Coinbase Beats Q4 Estimates, but Expects Trading Volume to Fall

Over 14.5 BTC have been donated on Thursday to one of the largest organizations supporting the Ukrainian military.

Well-intentioned actions need to be planned meticulously when concerning the security of Bitcoin at the scrutiny of the State.

Bitcoin entered the green zone after U.S. President Joe Biden revealed new sanctions meant to cut off Russia from western finance. (Read More)

Protesting anti-vax truckers blockading downtown Ottawa, Canada had their fund-raising platform shut down as a result of their host fears the “promotion of violence.” The protesters transfer to a Bitcoin crowdsourcing funding service. It shortly raised $900,000. Russian troops collect on Ukraine’s borders. Ukrainian NGOs and volunteer teams embrace cryptocurrencies to assist defend their nation […]

The post Bitcoin on the barricades: Ottawa, Ukraine and past appeared first on Bitcoin Upload.

As a sign of the mainstream public’s continued adoption of digital assets, Governor Jared Polis of Colorado, a state in the western part of the United States, disclosed that they would start accepting cryptocurrencies like Bitcoin and Ethereum as a payment option for taxes in the state.

The post Colorado residents can now pay their taxes in crypto appeared first on CryptoSlate.

With Canada's "Freedom Convoy" of truckers successfully blocking commerce, officials are taking stronger measures to censor bitcoin donations.

The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or organizations who saw what they called “a crisis.” Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies These groups have seen a significant rise in cryptocurrency funding thanks to Bitcoin. As a result, digital currency is becoming an alternative channel for donors, despite restrictions imposed by traditional financial systems.  Bitcoin allows people worldwide to make connections and create change that lasts far beyond anyone’s donations – crypto contributions can now harness this power. In 2021, non-government organizations and volunteer groups received more than $500,000 worth of Bitcoin as crowdfunding. This marked a 900% increase from 2020.  Since the Ukrainian military was effectively crumbling against the Russian invasion, many citizens have taken up arms to fight. They are called “volunteer groups.” They get funding from private donations. Ukrainian Fundraising Campaigns Receive Crypto Funding  In the modern era, cryptocurrencies are becoming more popular as funding for fundraising campaigns. Elliptic’s study shows that digital currency users can contribute to these types of organizations and receive payment from them more effortlessly than ever before without having any interference or problems with cross-border payments, which makes it very attractive, among other things too. With the potential of their payments being denied, private donors have turned away from bank wires and app payment systems in favor of Bitcoin. Some fundraising campaigns have had accounts closed before due to financial institution restrictions on certain funds raised through that particular means. Relatively new to this type of donation process. Still, it’s becoming more popular among those seeking alternative ways to donate money. Related Reading | Solana’s Outlook Bullish Post Phantom’s Fundraising Round Elliptic has revealed that one of the organizations they’ve uncovered thus far, Come Back Alive– a group that received nearly $200,000 in funding recently from September to December last year–provides support primarily for Ukraine’s army. Cybersecurity organizations have been receiving funding via cryptocurrencies for years now. One such organization is the Ukrainian Cyber Alliance. The group primarily carries out cyber operations against Russia-based hackers and propaganda disseminators. The organization get help from its supporters worldwide through Bitcoin donations or Litecoin mining ventures. They’ve received almost $100 thousand in Bitcoin and other cryptocurrencies to fund their operations against Russia last year. 10,000 Russian Troops Massacred Near Border With Ukraine The recent increase in military deployment near the border between Russia and Ukraine has residents on edge. Russia had stationed more than 10 thousand troops near eastern Donbas since last year when the conflict began following the Maidan revolution. To date, more than 6000 people, including soldiers, have died due to violence. Both sides blame each other for these deaths. Featured image from Pixabay, chart from Tradingview.com  

Ukraine is utilizing bitcoin in crowdfunding campaigns to fight against the ongoing threat from Russia. Ukraine Is Using BTC to Prepare for War Ukraine is allegedly being stalked by its neighbor to the east. Russia currently has more than 100,000 troops amassed at the Ukrainian border. Needing funds to boost its military resources and keep...

The post Ukraine Turns to Bitcoin to Fight Russian Enemies appeared first on Live Bitcoin News.

In Ukraine, activists use Bitcoin to develop weaponry, fund cyberattacks, and create facial recognition apps to spot Russian "war criminals."

The post Weaponry and cyberwar: How Bitcoin funds anti-Russia efforts in Ukraine appeared first on Protos.

Bitcoiners have raised over 14.7 bitcoin worth more than $657,000 for the Canadian freedom truckers.

Bitcoiners raised more than twelve bitcoin, worth over $543,000 for Canadian freedom truckers since GoFundMe suspended their campaign.