Ukraine Accepts DOGE Donations After Raising $20M In Crypto

Ukraine accepts DOGE donations after it already gathered more than $20 million in BTC, ETH, and DOT only days after being attacked by Russian forces so let’s read more in today’s latest Dogecoin news.

The government added Dogecoin to its list of accepted cryptocurrencies so now Ukraine accepts DOGE donations according to VC Prime Minister Mykhailo Fedorov:

“Now even meme can support our army and save lives from Russian invaders.”

This is the latest crypto-related move as an initiative of the Ukrainian government to raise funds amid the Russian invasion. Last week, the government’s official Twitter account shared BTC and ETH addresses when it announced Ukraine was accepting crypto donations and according to the records, Ukraine raised over $20 million in BTC, ETH, and others, combined to date. The country is accepting Polkadot donations as well so the governemnt tweeted the announcement saying that “all people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom.”

@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let's do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL

— Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022

An airdrop has also been scheduled for March 3, 2022, by 6 PM Kyiv time. According to Elliptic, the country raised a total of $35 million in various cryptocurrencies.

After Russia’s invasion of Ukraine, millions of dollars worth of crypto have been donated to the governemnt and many other NGOs. The Ukrainian government shared a BTC and an ETH address for donations and according to the data, the addresses recieved over $8 million and $7 million worth of BTC and ETH respectively. The Ukrainian government announced that it was not accepting Polkadot donations with more cryptocurrencies to follow.

Accoridng to Elliptic, the total amount of crypto donations sent to the Ukrainian government and NGOs passed $20 million a day ago. In addition to the donations sent to Ukrainian government addresses called Support Ukrainian Sovereignty claims to have raised $511,000 to date. Come Back Alive an NGO suspended by Patreon for funding military activity managed to raise up to million dollars according to Elliptic.

BTC’s trading volumes in Russia and Ukraine surge to a new high which is possibly the highest level in almost a year. At the same time, those that employ Ukraine’s national currency reached October 2021 heights. NATO and the EU are standing away from a direct military conflict and promised not to send troops to Ukraine however they did impose severe monetary sanctions on Russia and aim to destabilize it and eventually cut its financial connections.