After the Russian invasion begin the Whole world is watching and praying for Ukraine. Following the war crisis, Ukraine’s money circulation has fallen. Most of the banks are inactive and many monetary activities have failed.
Credit, Debit, Visa cards have stopped working inside the county. In case of this many people and organizations have donated Cryptocurrency, especially Bitcoin to Ukraine. This fundraiser is done by a Ukrainian NGO. After the fund was raised in a few hours the NGO received $1 million worth of Bitcoin donations.
NGO is named “Come Back Alive” is supporting the Ukrainian government with donations and they have donated much military equipment, medical supplies, and training services to the Ukrainian soldiers. Recently at moment Come Back Alive has received over $5 Million worth in Bitcoin as the war is increasing.
Taras chmut the Director of Come Back Alive stated they have been receiving small donations since the geopolitical crisis started with Russia and Ukraine. However, when Russia started invading Ukraine $ million worth of Bitcoin was received just in a few hours. Furthermore, Director said all the funds will be used to finance military equipment, armors, and medical kits for Ukrainian soldiers.
As the donations are raised for Ukraine the trading volume of Ukraine’s main cryptocurrency exchange Kuna has doubled tripled since yesterday. As the reports show the Kuna exchange’s past 24 hours trading volume has been recorded as a record-breaking $2 billion.
However, this has created a great bull mark on the exchange. Many people in Ukraine are still eyeing the war despite Ukraine’s exchange having skyrocketed. However, the cryptocurrency market is still unstable and recently recovering.