News

TICKER EXPLAINS: How crypto is giving Ukraine the funds to stand up to Russia

Published

2 years ago

February 27, 2022

Cryptocurrency analysts say at least $US9 million has now been donated to the Ukrainian war effort through anonymous Bitcoin donations.

Researchers at a blockchain analysis company say that the Ukrainian government, NGOs and volunteer groups have raised the money by advertising their bitcoin wallet addresses online.

More than 4,000 donations have been made to date, with the average donation $95.

One unknown donor gifted Bitcoin around $3m.

https://twitter.com/Unchainfund/status/1497380711288152067?s=20&t=h1mQ3hHP7tE41HLSEEdfNQ

On Thursday alone, one NGO received over $675,000 in bitcoin, and by Friday morning, that number had ballooned to more than $3.4 million thanks to that one-off $3 million donation.

The official Twitter account of the Ukrainian state called on users to “stand with the people of Ukraine” and said it was accepting donations in the form of Bitcoin, Ethereum and USDT cryptocurrencies.

It also posted addresses for two cryptocurrency wallets and within four hours had raised more than $3.3m from donations.

Very concerned with what's happening in Ukraine right now, and doing everything I can to support them during these difficult times.

I've just donated $10,000 to The Ukrainian Red Cross to assist victims of this war. I encourage everyone reading this to also help out if they can. pic.twitter.com/JdCiiHvtaj
— Mr. Whale (@CryptoWhale) February 25, 2022

Crypto during conflict

Cryptocurrency fund raising has become a modern part of war with cases also seen in other recent conflict zones around the world.

For years, volunteer groups have played a critical role in the Russia-Ukraine conflict. These organizations have augmented the work of Ukraine’s military by offering additional resources and manpower.

News

Curious times for AI & investing as stark reality becomes clear

Published

7 hours ago

April 16, 2024

Mike Loder

Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

News

Game on with charitable cause and fresh titles of the week

Published

10 hours ago

April 16, 2024

Mike Loder

Xbox ANZ partners with Cure Cancer in an clever collaboration, introducing three exclusive Xbox Series X consoles inspired by the pioneering cancer research of Dr. Arutha Kulasinghe from The University of Queensland.

These unique designs, reflecting Dr. Kulasinghe’s innovative tumour mapping techniques, are currently available for auction, offering gamers an opportunity to contribute to a noble cause while acquiring a prized gaming collectible.

Meanwhile, Nintendo Switch Online unveils its latest additions, including the long-awaited Wrecking Crew 98, previously exclusive to Japan, now accessible to a global audience.

In the gaming sphere, this week brings diverse experiences, from the underwater exploration and sushi entrepreneurship of “Dave the Diver” to the enchanting narrative journey of “Harold Halibut” and the thrilling action RPG “No Rest for the Wicked” by Moon Studios, promising captivating adventures across PlayStation, Xbox, and PC platforms.

News

Donald Trump becomes first former U.S. president to stand trial

Published

11 hours ago

April 16, 2024

Nathan Langridge

Trump has denied any wrongdoing, maintaining that the payments were not campaign-related and therefore not subject to campaign finance laws.

Jury selection commenced today in the criminal trial of former President Donald Trump, focusing on allegations related to hush money payments made to women who claimed to have had affairs with him.

The trial, which has drawn significant attention, marks a pivotal moment in Trump’s post-presidential legal battles. #ticker today #featured