Ukraine Russia Resistance Needs Bitcoin Privacy

Ukraine Russia Resistance Needs Bitcoin Privacy

Amid rising tensions between Ukrainian and Russian navy forces, Elliptic, a blockchain evaluation firm, released a report claiming that $570,000 price of cryptocurrency donations have been despatched to a number of non-government organizations in Ukraine resisting Russian forces. Among the many vary of cryptocurrencies being utilized by these teams, bitcoin particularly accounts for lots of of 1000’s of {dollars}’ price, with some teams completely elevating funds in BTC.

The evaluation agency made this conclusion by tracing wallet addresses posted on websites of those organizations supporting the Ukrainian military. As an illustration, the image beneath was taken from the web site for “Come Again Alive,” one of many largest teams supporting the Ukrainian military, which permits a fast path to donations and an excellent faster path to traceability paired with the absence of privateness:

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