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A piece of news has come to the light, that one of the largest non-governmental organizations (NGOs) giving support to Ukraine’s military, Come Back Alive, has taken over $5 million in bitcoin donations after Russia released a large-scale offensive against Ukraine. Founded in 2014, the Kyiv-based group gives support to soldiers of Ukrainian in the needed time, including a range of military equipment, services of training, and medical support or supplies. Here are several things for telling you about the news. You are on the right page for getting the right information. We will tell you all the important details in this article. Let’s continue the article.
Donations to the BTC address mentioned on the organization’s website soared Thursday after Russia released a full-scale military attack on Ukraine. As per the report, the wallet address has taken 131.78244015 BTC, at the time of writing. According to the consideration of all the donations to the address shows that 2,207 donations totaling 126.04304091 BTC were taken from Feb. 24 to late Feb. 25. At the moment bitcoin price of $39,676.51 based on noted data from Bitcoin.com Markets, the donations received since Feb. 24 is worth more than $5 million. Let us tell you The chief scientist and co-founder of the blockchain analytics platform Elliptic, This statement was tweeted on Thursday By Tom Robinson. Scroll down the page for getting more information about the news.
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As per the report, “Cryptocurrency is increasingly being used to crowdfund war, with the tacit assign of governments,” he quoted by CNBC as saying. An analysis has been done by Elliptic on the donations found by Come Back Alive. The firm also mentioned that on Feb. 24 the NGO received over $675,000 in bitcoin, and by 9:30 a.m on Feb.25, it had found already which is more than $3.4 million. Nothing that over $3 million (80 BTC) was sent by an individual donor, and the explained in written “this pushes the total the group has increased in just 24 hours to over $4 million.”
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If we talk about it, the Come Back Alive Organization started accepting bitcoin donations, which were given in 2018. Donations of BTC have been surging recently, with nearly $200k found in the second half of 2021, On behalf of Elliptic. Earlier this month, the platform is shown a report by publishing which shows that donations in digital assets to Ukrainian NGOs and volunteer groups rose 900% the previous year. We have shared all the information about the news which we know about this if we get any update we will tell you first at the same site. Stay tuned for more updates.
