Ukraine receives donation of $5 million worth of ETH from creator Vitalik Buterin

The conflict between Ukraine and Russia is still in full swing after more than a month. From the start of the battle, cryptocurrency has been proving itself as a means of supporting the people and military. Vitalik Buterin, the creator of Ethereum, has decided to stop sitting on the sidelines and donate $5 million (3.8 million pounds) to Ukraine.

More precisely, Buterin has donated 750 Ethereum (ETH) to Unchain Fund, a charity set up by blockchain activists. Unchain Fund was established to help Ukraine on a humanitarian front. In addition to 750 ETH for Unchain Fund, Buterin also transferred 750 ETH to Aid For Ukraine. This fund was set up by the Ukrainian Ministry of Digital Transformation. Aid For Ukraine has announced via Twitter that it is very happy with the donation of 2.5 million dollars (1.89 million pounds) from the generous Buterin.

Buterin remains humble

It is to Vitalik Buterin’s credit that he himself has not disclosed anything about the donations. The only reason we know about the donations is because of the funds’ acknowledgements and its Ethereum Name Service (ENS) domain ‘vitalik.eth’ that contains the donations.

Thanks to the gift from the founder of Ethereum, crypto donations now exceed 100 million dollars (75 million pounds). In particular, the Ukrainian government, the NGO fund Come Back Alive, UkraineDAO, Unchain Fund, Aid for Ukraine and Cyberpolice Ukraine have received a lot of funding from the crypto community.

What are the donations used for?

The money is used for various purposes by the Ukrainian government and charities. The military and humanitarian initiatives, among others, benefit from the generosity of the crypto community. Cryptocurrency donations are proving to be a simple and fast way to come to the rescue in an emergency.

International payments via cryptocurrencies do not require the intervention of financial institutions and arrive directly at their destination. However, the money must then be converted into fiat money to buy stuff from it. After all, we are not yet at the point where you can pay with bitcoin and ethers everywhere.

Interestingly, the first bitcoin donations started coming in on February 8. At that time, the threat from Russia was already increasing and Ukrainian volunteers and hacker organizations decided to send some support to Ukraine.

Bitcoin price up 35% in the month after invasion

In the month after the Russian army invaded Ukraine, the bitcoin price has risen by 35 percent. It shows that bitcoin is now able to defend itself well in times of major geopolitical turmoil and troubling macroeconomic conditions.

That being said, the bitcoin price is currently experiencing some downtimes. After an upturn to USD 48,000 (£36,400), we are now back below $45,000 (£34,000). Although there are some exciting things planned for Bitcoin 2022 today that can potentially boost the price. In particular, today’s presentation of Samson Mow at 4:45 PM promises to be a blast, according to the speaker.

The post Ukraine receives donation of $5 million worth of ETH from creator Vitalik Buterin appeared first on Coin Journal.

KuCoin lists Findora, a public blockchain with programmable privacy

KuCoin listed Findora (FRA) today, the token of a public blockchain with programmable privacy and full EVM compatibility. The supported trading pair is FRA/USDT.

Deposits effective immediately 

Deposits on the supported FRA network are effective immediately. Trading begins at 09:00 UTC tomorrow, April 12. Withdrawals will become possible at 10:00 UTC on April 13, 2022. 

Details 

The total supply of Findora is capped at 21 billion FRA. The issue price is $0.058. Findora uses the latest discoveries in zero-knowledge proofs and multi-party computation. This makes it possible for users to carry out private transactions with selective auditability.

The project was originally conceptualized as university cryptography research. It was launched to the public in 2021. 

Benefits of Findora 

This public, decentralized, multi-purpose transactional system allows users to operate over a ledger in a confidential, yet publicly auditable way. It hosts assets, transactions, and programmable contracts that guarantee privacy and compliance.

The blockchain runs on a decentralized network of operators not unlike Ethereum and Bitcoin. At the same time, it supports side ledgers, which a number of interoperable networks run. 

A conventional financial institution can use these side ledgers to replace the infrastructure it is operating on. This platform can issue all kinds of assets. Its mission is to resolve the challenges related to digital asset support and diverse financial use cases. 

The ecosystem is focused on retaining the transparency and public accessibility of other blockchain-based systems. It aims to achieve this privacy preserving transparency.

About KuCoin

KuCoin bills itself as a crypto exchange for, by, and of the people. It is leveraging cutting-edge technologies to create useful services to improve accessibility to the blockchain revolution.

The community KuCoin is helping develop will enable everyone to benefit from growth and to have their opinions heard.

KuCoin is creating an ecosystem around KuCoin Token (KCS), which will be the user’s guide into a flourishing decentralized world that all community members have helped build. 

The post KuCoin lists Findora, a public blockchain with programmable privacy appeared first on Coin Journal.