Binance donates $10 million to support Ukraine (UPD: and sanctions Russians!)

[kryptqnick]

I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

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[kioven]

Didn't you see the tweet about donating to Ukraine earlier than him?
Just ten minutes after the official Ukrainian release,AOM, a Defi application token, also donated 1,000 tokens to Ukraine

[Husires]

The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

It's a good example but again the fund is central and people can't check how the donation money is used, I was expecting a multi-signature address but what is done is the database management by binance.charity/

Cryptocurrencies have many uses, and it is good that helping people is one of them. times is changing.

[riskarcher]

Crypto shows humanity this is the reason the existence of crypto is very important for the world, the CEO of Binance has done the best thing in his life, anything related to war will always be sacrificed especially civilians. I hope this war ends soon. I'm proud to be a member of the Binance community. Great

[DeathAngel]

It doesn’t surprise me, Binance has always been a very trustworthy, noble exchange. Obviously this is great publicity for them but also it will go down as a tax write off so it’s win win for them. Regardless though kudos to Binance, also let’s pray for people there.

[pealr12]

Such a huge gesture from the CEO of one of the top exchanges, it feels relieved to see crypto is a saving grace in a time where people's hope has been dashed, my respect for crypto has grown more, those who constantly speak against this technology are not fully aware of its various capabilities. I like this humanitarian aspect of binance, I sincerely hope all the donations are channeled to the right recipients.

[crwth]

I do hope that this makes it even more to news outlets and be seen as "how?" or "what is Binance?" then people would be exposed to cryptocurrencies now and that's a great thing to have. I think that's a great thing for sure. I really hope that they manage to go to the right people and make sure that it helps the right people.

I have seen people from Russia posting that they are against what is happening, do you think that it's the same for Buterin?

[retreat]

I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

$10 million not a small amount, so far binance has always tried to be involved in many charitable activities, especially when covid is at its peak, they donate a lot. CZ is very generous, it's nice to hear that there are many people in crypto who care about the plight of the Ukrainian people.

[Woodie]

I would have taken this as something part of their cooperate responsibility but this is not it...this has to be something which falls in the bracket of humanitarian efforts and this could not have happened at a better time than this... Binance you efforts are well appreciated, keep leaving your mark on the world map to let people know of crypto world.

[bittraffic]

Good that crypto businesses have the initiative to do these. I think Buterin already reacted and oppose Putin's action which he said ETH is neutral but he is not. He should be donating his money to Ukraine for aid to the civilians.

Not sure if donating to government officials will be good though because the money might be used to buy ingredients to make Molotov cocktails. By donating I hope the money goes to the supplies to the people who will be isolated and will have food and basic supplies to survive.

[fiulpro]

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

[CryptSafe]

I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

I wish others can follow suit then the world would see the relevance of blockchain in times like this. Such donation should show how important and transformational it is in life and to humanity at large.

[hatshepsut93]

I hope  that bitcoin will get good.PR from this conflict e.g. crypto being used to help Ukraine, refugees etc.; and not bad PR, like Russian oligarchs using it to avoid sanctions and fuel war.

[Flexystar]

Well these are the tough times. I’m not sure if anyone is looking after political agenda while they are donating in the war zone country. Binance just broke the ice by doing this because we always need proper examples to be set before others start to do the same.

I think we should just take note of this step exchanger like Binance done. It’s not tiny amount, it’s huge for the cause which started 3-4 days ago. They know the emergency, they know the duty. Just cool.

Hope that world will see crypto as perfect opportunity from here onwards.

[romero121]

That's a big support to Ukraine when they're in need. More countries are giving hands to Ukraine. However a war isn't necessary, because from the beginning once again people have to build their lives even if it comes to an end.

Ukraine have also added cryptocurrency addresses to accept donations. Within a short something around 100 bitcoins have been received. People from different organisations, countries have been supporting. In particular neighbouring countries are really supportive, Poland have accommodated people who are entering the country with all possible sources. Hope the war comes to an end at the earliest.

[Accardo]

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

Sorry to know you got affected by the War, it's been a horrible 2022 for the world and cryptocurrency market. I heard that many students got stuck in Ukraine and some were not allowed to pass through the boarder. However, thumbs up to Binance exchange for representing the crypto market by donating such a huge amount of money to the Ukraine Government. I have noticed that cryptocurrency trends with literally every situation that has to do with this world. The use case of Bitcoin is everywhere, during war, protests, and other issues that got something to do with the Government. Soon the world will adopt cryptocurrency for the help it has provided within these few years of existence. Imagine life without Bitcoin.

[CaVO32]

-snip-
 I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

Buterin condemned the move of Putin based from this below article and from his tweets. But no announcement yet regarding their donation to the Ukranian government. If he will donate to Ukraine, maybe, it will not be publicized as his heritage is partly Russian. The initiatives of Binance is not surprising though. Because they have been actively donating to charitable institutions all around the globe.

https://fortune.com/2022/02/24/ethereum-vitalik-buterin-twitter-russia-ukraine-invasion-crypto-bitcoin-price/

https://twitter.com/VitalikButerin



Some of Binance's charitable donations. You can also visit their charity blogs here - https://www.binance.com/en/blog/charity :

https://news.bitcoin.com/binance-donates-1-million-in-crypto-for-australian-bushfire-relief/
https://www.binance.com/en/blog/all/binance-charity-initiates-$5-million-coronavirus-relief-campaign-with-donation-matching-commitment-421499824684900478
https://www.binance.com/en/blog/charity/binance-charity-donates-more-than-$60000-for-healthcare-workers-masks-in-mexico-city-421499824684901483

[qwertyup23]

I hope  that bitcoin will get good.PR from this conflict e.g. crypto being used to help Ukraine, refugees etc.; and not bad PR, like Russian oligarchs using it to avoid sanctions and fuel war.

This will definitely affect the PR of cryptocurrencies in general. Given that BTC can be easily transacted under the blockchain, this would not only help boost the reputation of BTC but this will also support Ukraine in providing for relief and funds for the displacement of their citizens.

In this war, Russia successfully proved many things: they proved that despite their military expertise, they can be outclassed by Ukraine and NATO forces; that majority countries in the world condemned the aggression of Russia and on how people are united against them, etc.

[suzanne5223]

Some that follow the Ukrainian government donation wallet tweeted about this hours ago before Binance claim the fund to be sent by them because the Ukrainian government tweeted Elon Musk for help yesterday, I thought it was from him and today Binance was actually the one that show support.

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

The Russian mass anti-war protest which led to hundreds of people being arrested while some are brutalized by the authority shows that the people from the Russians, Ukrainian, etc don't want war but it is the mentality of our political leader thats caused the crisis people are experiencing and the sad part is that the masses are the one affected the most. How I wish the political system can be decentralized just like we have cryptocurrency.

[Polkeins]

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

Terrible situation to be honest.
As usual, all the oligarchs fled to Europe on their planes, hiding their capital in advance, and all this will bring the most damage to ordinary people. All expenses will be borne, as usual, by ordinary people and innocent people.

It is clear that 10 dollars is a small amount and is significant and will not affect anything, but in general for many it will be support, including moral support.