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Ukraine’s Crypto Donations Reach the $100 Million Mark



Despite raising over $100 million, how useful are these donations?

Since the first attack on 24th February, Ukraine has been receiving digital token funds from all across the world. 

Reports by outline that crypto donations have reached over $100 million, excluding NFT sales. 

Ukraine’s Crypto Donations Reach the $100 Million Mark / Image: File

The money raised on crypto platforms will go towards Ukraine’s military and humanitarian efforts.

In a Twitter statement released three days after the first attack, the Ukraine government announced they would be accepting cryptocurrency donations.

Ukraine has since passed the Virtual Assets Law which provides legal framework around crypto operations in the country.

Ukraine’s President Volodymyr Zelenskyy signed the law to emphasise the important role that cryptocurrencies have taken during the ongoing war with Russia.

The move by Ukraine is a major push for the crypto global scene and has other countries reassess their stance on regulating digital assets.

Global opinions are varied, for example, El Salvador has made bitcoin a legal currency, while China has looked to wipe out crypto trading and mining.

This month U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine cryptocurrency’s risks and benefits.

However, crypto uncertainty such as the market’s recent crash poses potential threats to the situation in Ukraine.

Crypto scams projects are also rampant with data outlining that a number of the crypto-donations were a fraud.

Amanda Gunn contributed to this report

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Why is the world’s largest crypto exchange battling U.S. regulators?



U.S. regulators have filed charges against Binance, the world’s largest crypt exchange

Is the idea of a financial world that operates outside of the global banking system and eludes the reach of regulations a possibility or a pipe dream?

The Securities and Exchange Commission has filed 13 charges against the Bianace, world’s largest crypt exchange and its billionaire founder, Changpeng Zhao.

The SEC alleges that the crypto exchange worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.

In addition, the SEC is also alleging that Binance and Zhao used market-making companies—that they controlled—to inflate trading prices and profit from of their customers.

Zhao has publicly dismissed the allegations.

Stefan Rust, the former CEO of joins us to discuss. #crypto #cryptocurrency #StefanRust #veronicadudo #Binance #ChangpengZhao

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Is the metaverse the future of social network?



U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

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Who will win the global metaverse race?



China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech

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