Crypto Market Overview April 7th | Dex-Trade

Crypto Market Overview April 7th | Dex-Trade

Vitalik Buterin Donated $5 Million of Personal Funds to Ukraine

Ethereum co-founder and one of the most influential crypto-entrepreneurs of our time, Vitali Buterin, donated 750 ETH (which is currently about $5 million) to charitable projects and funds created to provide humanitarian assistance to Ukraine due to the Russian military invasion. According to information from charitable organizations, he donated $2.5 million to the Unchain Foundation, which was created directly by blockchain activists who take the initiative to help the citizens of Ukraine in the fight against the humanitarian crisis. The second half of the amount went to the large Ukrainian fund AidForUkraine, which was created by the Ministry of Digital Transformation of the country. It’s reported that Buterin did not mention his direct involvement in donations, but it was possible to establish it thanks to his registered Ethereum Name Service (ENS) domain name "vitalik.eth", from which he transferred donations. The first official source to confirm the entrepreneur's donation was a tweet from the AidForUkraine Foundation. By the way, according to Finbold, the first crypto donations began to flow into Ukrainian funds on February 8, right after the Russian dictator putin began to threaten the Ukrainian population with violence. Since then, more than $100 million in crypto has been raised, and the number of donations is growing to this day.


RF’s Central Bank Will Not Use Crypto to Circumvent Sanctions

In response to a proposal to circumvent sanctions against RF using cryptocurrencies, received from the deputy of the parliament of the aggressor country, Anton Gorelkin, the first deputy chairman of the Central Bank, Ksenia Yudaeva, said that such a scenario is impossible and this is the official position of the Central Bank of the Russian Federation. Earlier, Gorelkin proposed allowing Russian companies and individual entrepreneurs to make payments in digital currencies, including for settlements with foreign partners. He considers inevitable the creation of the Russian national crypto-infrastructure in response to the sanctions imposed by Western countries due to the war crimes of the Putin regime against Ukraine. In turn, Yudaeva pointed out that the United States, Japan, Britain, Singapore and the EU countries have already introduced preventive measures that block the ability to use the crypto for a number of officials and individuals who are included in the extensive sanctions blacklist. She added that cryptocurrency exchanges and platforms have also imposed restrictions amounting to denying access to funds for Russian users. And even in those jurisdictions where payments in cryptocurrencies are currently not prohibited, the authorities are setting ever higher standards for crypto providers regarding compliance with customer identification rules.


Pray4Ukraine Launched a Large Sale of NFT Works by Ukrainian Artists

The Ukrainian charity project Pray4Ukraine announced the launch of the sale of a large-scale NFT collection, which includes 10,000 works by the country's digital artists. Thus, the initiative artists are going to raise funds that will be used for humanitarian aid and support for the country's armed forces. Representatives of the organization said that the proceeds from the sale will go directly to the wallet of the Come Back Alive fund, which has been on the "humanitarian front since May 2014." In addition, financial reports on the receipt of funds will be published daily on all public channels of Pray4Ukraine. However, the fund's mission is not limited to humanitarian aid. The organization intends to use digital art to achieve a broader goal — to end the hostilities of the Russian occupation forces in Ukraine. “Pray4Ukraine’s mission is to show that everyone can help to bring an end to this war and save countless lives in Ukraine. Digital art and NFT offer the crypto community an alternative method for joining a forceful global solidarity movement.” — representatives of the organization said.