Ukraine accepts dogecoin, other cryptocurrencies for donations as funding rises to $35 million

Ukraine has started to accept dogecoin and a number of other cryptocurrencies as donations as Russia continues its invasion.

As Russia's invasion continues, Ukraine has expanded the number of cryptocurrencies it accepts for donations.

On Wednesday, Mykhailo Fedorov, vice prime minister of Ukraine, said people can send dogecoin as a donation. Dogecoin was originally a joke and has been talked up by Musk.

It's often referred to as ameme coin, because it's referring to popular internet jokes.

Fedorov said that even meme can support the army and save lives.

Fedorov mentioned a project called Aid For Ukraine. The Ukrainian government, Everstake and Solana are involved in this project.

People can now donate any digital token based upon Solana.

NFTs are also accepted as donations by Ukraine. A piece of digital art is one of the unique assets.

Uniswap has built a function that allows people to convert any ether-based digital currency into ether and send it to the Ukrainian government. Developers can use the platform to build apps.

According to Fedorov, the co- founder of Polkadot sent $5 million worth of DOT to Ukraine.

Since the start of the Russian invasion, the Ukrainian government has raised $35 million through more than 35,000 donations, according to Elliptic.

On February 26th, Ukraine began accepting cryptocurrencies for donations. Stable coins are tied to real-world assets.

The number of cryptocurrencies that Ukraine will accept for donations is increasing. Military experts expect Russia's attacks to increase in destructiveness.

The country has raised more via war bonds, which have brought in about 8.14 billion Ukrainian hryvnia.

The official account of the Ukrainian government said on Wednesday that an airdrop would take place on Thursday. An exchange is when an individual or entity gives away something for free. It was not clear what digital currency would be given away or who would get it.

The war between Russia and Ukraine has seen the emergence of Cryptocurrencies. It has been speculated that Russians could use cryptocurrencies to escape sanctions, but experts said this could be very difficult.

Fedorov called on major exchanges to block the accounts of Russian users. The world's biggest exchange said it would block addresses of users that had been blacklisted, but not accounts of all Russians.