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Ukraine raises US$13 million in crypto after crowdfunding appeal

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LONDON: Ukraine's government has raised cryptocurrency worth almost US$13 million after posting appeals on social media for donations of bitcoin and other digital tokens, data from blockchain analysis firm Elliptic showed on Monday (Feb 28).Ukraine's official Twitter account made the appeal for cryptocurrency donations on Saturday following the country's invasion by Russia, posting digital wallets addresses for tokens including bitcoin and ether.Ukraine's Vice-Prime Minister Mykhailo Fedorov tweeted the wallet addresses. "Stand with the people of Ukraine.

Now accepting cryptocurrency donations," wrote Fedorov, who is also minister of digital transformation.The donations came as Russian forces seized two small cities in southeastern Ukraine and the area around a nuclear power plant, the Interfax news agency said, but ran into stiff resistance elsewhere as Moscow's diplomatic and economic isolation deepened.By 0850 GMT Monday, the wallet addresses had received crypto worth $12.8 million across almost 17,300 donations, London-based Elliptic said.

The company tracks the movement of digital coins on the blockchain, a public ledger that records crypto transactions.Ukraine's ministry of digital transformation confirmed the tweets were genuine and added: "How will we use money?

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