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$100 million of crypto donated to help Ukraine’s war effort



Over $100 million worth of crypto has been donated to Ukraine to help buy food, medicines, and helmets.

Four days after the invasion started, Tokenist reported that Ukraine received $20 million in crypto donations…

By last week… Ukraine’s Deputy Minister for Digital Transformation noted a five-fold increase, up to nearly $100 million.

It comes as some crypto companies banned Russian-linked accounts believed to be connected to sanctioned individuals.

Instead of relying on gatekeepers, such as banks or charities, crypto donations can be done directly from wallet to wallet from anywhere in the world.

This has allowed Ukraine to raise crypto funds quickly

Recently Ukraine’s Deputy provided a background of how the country had used its crypto donations so far…

He says the funds were used to purchase bulletproof vests, medicines, food, thermal imager and optics, and helmets.

Due to ongoing success… Ukraine Plans to Launch an NFT Collection to Raise More Funds for the country fighting war.


North Korea bears the brunt of the crypto market crash



The crypto market crash is impacting North Korea’s weapons programme

The recent crypto market crash has made its way to North Korea, where hackers are bearing the brunt.

The isolated country relies on stolen crypto to fund part of their weapons program.

But as crypto holdings drop by millions of dollars, the nation is reportedly scrambling to find new ways to fund Pyongyang’s missile plans.


North Korea has ramped up its stolen crypto assets in recent times leading to one of the largest cryptocurrency heists on record earlier this year.

Hackers allegedly stole $615 million worth of crypto prompting the U.S. tplace a warning about potential workers who are hiding their identities to find jobs abroad.

Meanwhile, crypto holdings have decreased in value with the market sliding below $1 trillion for the first time since January 2021.

Katerina Kostakos contributed to this report

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Russian Police investigate a crypto mining facility



Russian Police are investigating a crypto mining facility, which is suspected of defrauding clients

It’s understood the miners handed devices to those who were running a mining hotel.

They are also accused of stealing their expensive coin minting hardware, and stopping payments to their customers.

The scam allegedly took place from November to May, where the suspects worked with people who wanted to install their coin minting hardware in a mining hotel.

They were offered electricity prices that were below market value.

Electricity consumed by some of the world’s largest cryptocurrencies has dropped by nearly half.

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Gucci goes big in metaverse with new Vault Art Space



Forward thinkers who love fashion, this exhibit is for you

Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse

Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare

The debut exhibit is titled “The Next 100 Years of Gucci”

Spring Cry by Alanna Vanacore

Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.

The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.

All sales will be in Ethereum.

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