Autor Cointelegraph By Zhiyuan Sun

Uniswap builds interface to swap altcoins into ETH donations for Ukraine

Uniswap builds interface to swap altcoins into ETH donations for Ukraine

Uverejnil používateľ | mar 1, 2022 |

On Tuesday, decentralized exchange Uniswap launched an interface that directly converts ERC-20 tokens — such as Aave, Chainlink’s LINK and Decentraland’s MANA — to Ether (ETH). The coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed that the address shared by Ukraine is located on a centralized exchange and only accepts Ether and Tether (USDT). Thus, the feature simplifies the donation process for anyone holding ERC-20 tokens on Uniswap’s list and who wishes to donate by connecting their wallet to the DEX.2/ The address shared by the Ukrainian government is a centralized exchange that appears to accept only USDT and ETH. We built this interface so anyone who wants to donate but holds other ERC-20 tokens can do so with one click.https://t.co/0BfhARcgxS— Uniswap Labs (@Uniswap) March 1, 2022But in a tweet cited by the Uniswap team, some members of the crypto community express concern that “The keys to these wallets are held by a centralized Ukrainian exchange” and are asking for a more “secure custody approach.” Nevertheless, Ukraine rolled out support for donations in Polkadot’s DOT earlier today. Polkadot’s founder, Gavin Wood, personally donated $5.8 million in DOT to the newly supported address. The blockchain community has been active in helping Ukraine resist an ongoing war. Donations aside, efforts such as nonfungible tokens drops to support Ukrainian artists and UkraineDAO have also gained traction. Per data tracked by Cointelegraph, the Ukrainian government and nonprofit organizations operating in the country have received more than $53 million in donations at the time of publication. The numbers are based on tracked projects and do not account for donations between individuals or those made via various altcoins. Notable donation initiatives include Kuna’s Reserve Fund of Ukraine, Come Back Alive, and Bitcoin (BTC), Ether, Tether and DOT sent directly to wallet addresses verified by the Ukrainian government. It’s worth noting, however, that the surge in the donations’ value partly stems from capital appreciation due to an ongoing rally in the cryptocurrency markets. 

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Payment services provider Shift4 acquires The Giving Block for $54 million

Payment services provider Shift4 acquires The Giving Block for $54 million

Uverejnil používateľ | mar 1, 2022 |

According to an investor presentation published Tuesday, U.S.-based payment solutions provider Shift4 announced its acquisition of The Giving Block in cash and stock for $54 million, plus a potential earnout of up to $246 million. The Giving Block is an online platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations. As told by its annual report, the organization processed $69.64 million in crypto donations, an increase of 1,558% from 2020. Out of this amount, approximately $12.3 million came from donations by nonfungible tokens, or NFT, projects. Ether (ETH) became the most-popular crypto donated for the first time, accounting for nearly half of the total volume. Last month, The Giving Block provided Cointelegraph with a sample list of six charities on the receiving end of crypto donations and how philanthropy has positively impacted such organizations. Regarding the acquisition, the team at The Giving Block wrote: “Shift4’s status as a leading payments company with over $200B in annual payments volume, plus our shared commitment to taking crypto mainstream and leading on nonprofit sector payments innovation, has given us the opportunity to have the impact on the world we began dreaming up.”Meanwhile, Jared Isaacman, CEO of Shift4, commented:“Shift4 will invest further in The Giving Block’s successful strategy while also pursuing a $45+ billion embedded cross-sell opportunity by bundling crypto donation capabilities with traditional card acceptance. This represents just a small portion of the $470+ billion nonprofit addressable markets that Shift4 will uniquely be able to pursue as a result of this acquisition.”The Giving Block also launched its Ukraine Emergency Response Fund last week in response to the ongoing Russian invasion. Proceeds, which can be donated via Bitcoin (BTC), ETH, and other altcoins, will go to at least 10 humanitarian relief organizations and international nonprofits.Our Ukraine Emergency Response Fund is now LIVE The nonprofits within this fund are saving lives and providing critical support on the ground to those impacted by the #Ukraine crisis. Donate #cryptocurrency to the fund now: https://t.co/4ZXGMGcrlH— The Giving Block (@TheGivingBlock) February 26, 2022

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Neo users explain why they've held on to the project despite China's heavy crypto crackdown

Neo users explain why they've held on to the project despite China's heavy crypto crackdown

Uverejnil používateľ | feb 28, 2022 |

It’s been a wild ride for Neo (dubbed by some as “Ethereum of China”) investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations. But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and a bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of Neo N3 mainnet last year. As told by Neo investors Lucas and Jiří, who spoke to Cointelegraph, they were not expecting such a “huge drop in price” for Neo. Still, they nevertheless decided to hold their Neo tokens through all the price turmoil, citing the project developers’ dedication to its underlying technology. Lucas said:”I know a bunch of Neo developer communities that are located across the world. They’re not going to stop the project just because one country doesn’t agree with their vision.”When asked about what made Neo’s DeFi applications particularly attractive, compared to other alternatives, Jiří said:”For Flamingo Finance, you could follow any steps on the roadmap they are preparing and what will be going next. They always kept the deadlines, or there was some reasonable justification for a delay. So I really like the transparency of the process of how the platform was evolving.”Flamingo Finance is a platform for converting crypto, earning yields, and providing liquidity. The project migrated to Neo N3 in Q4 of 2021. According to DeFi Llama, Flamingo Finance has approximately $80 million in total value locked. Lucas, who is also a user of Flamingo Finance, added: “They really focused on their on their user base. A while ago, they released a feature where you could claim different DeFi pools. I asked the team for a “claim all” button so that I don’t have to spend time clicking the different pools to claim rewards. Within a few days, that feature was implemented.”On Monday, Neo also announced a partnership with E.U. social economy network Diesis, which has a support network of 90,000 organizations, and 1.2 million workers across 21 countries. Through the deal, Neo will help the latter develop blockchain solutions using Neo N3 ecosystem’s decentralized file storage, NeoID. Luca Pastorelli, President of Diesis Network, commented:”Neo pioneered the dBFT [delegated Byzantine Fault Tolerance] consensus mechanism, so there is no mining on Neo. And N3 being an all-in-one development experience makes it the ideal blockchain partner for a global social and solidarity economy network.”

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Ukraine has received $37M in tracked crypto donations so far

Ukraine has received $37M in tracked crypto donations so far

Uverejnil používateľ | feb 28, 2022 |

Based on data gathered by Cointelegraph, the amount of tracked crypto donations sent to the Ukrainian government, military and charities has surpassed $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT) and other altcoins. The numbers are also based on tracked projects and do not account for items such as donation efforts between individuals.The biggest recipient of crypto donations appears to be the “Reserve fund of Ukraine,” backed by the country’s native cryptocurrency exchange, Kuna. According to its official Telegram channel, the exchange has raised approximately $13 million in crypto for Ukraine, mainly through BTC, ETH and USDT.Next up, Come Back Alive, a non-government organization that says it’s helping the Ukrainian Armed Forces’ resistance efforts, has received over $7.2 million in BTC donations at its wallet address. This includes previous, albeit minor, donations it had received during the War in Donbas, which began in 2014. Cointelegraph spoke to Ukrainian crypto enthusiasts about the charity, who vouched for its legitimacy. Then there is UkraineDAO, which is led by Pussy Riot’s (Russian feminist protest music group) Nadya Tolokonnikova and seeks to sell a single nonfungible token, or NFT, flag to fund Ukrainian civilian organizations. Currently, the highest bid for the NFT stands at $2.89 million USD. Furthermore, activists in the blockchain community have created Unchain Fund to help Ukraine. The initiative supports a plethora of altcoins, including NEAR, Binance Coin (BNB), Binance USD (BUSD) and more. Since its launch, the fund has raised more than $1.5 million in crypto, mostly through NEAR token donations. Anna Tutova, a member of Unchain Fund and a prominent socialite in the crypto community, told Cointelegraph: “We raise money for medicine, evacuation and repair needs, food and clothes. We raise funds only in crypto and use multi-sig wallets to be completely transparent. Unchain fund is as well supported by Vitalik Buterin, Solana, Near, Celo foundation, Harmony, Polygon, Gnosis, Gitcoin and many more.”Other notable efforts include Braiins, the world’s oldest mining pool, with its donation of 10 BTC plus a portion of its hash rate to help Ukraine. Web3 humanitarian aid initiative RELI3F also sent, thus far, 185 ETH to three crypto funds that support Ukraine. But crypto enthusiasts are also asking the Ukrainian government to expand their acceptance of cryptocurrencies donations to other altcoins, not just BTC, ETH and USDT. On Monday, Sunny Lu, co-founder and CEO of Vechain, tweeted:Setup a VET wallet and leave VET address, I’ll donate $8m. Nothing else matters comparing people’s life.— Sunny LU, VeChain Ⓥ (@sunshinelu24) February 28, 2022Around the same time, Gavin Wood, co-founder of Ethereum and creator of Polkadot (DOT) and Kusama, wrote:If you post a DOT address I’ll personally contribute $5m.— Gavin Wood (@gavofyork) February 27, 2022

Despite crypto fundraising efforts for Ukraine gaining a significant amount of traction, users took to social media to warn each other to be vigilant, always check the authenticity of the donation links and watch out for scams. In one example, an alleged con artist has been commenting on all posts pretending to post the official crypto address for helping the Ukrainian government.Related: Crypto exchanges consider Ukraine’s call to freeze Russians’ Bitcoin

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Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem

Uverejnil používateľ | feb 28, 2022 |

Wirex, a digital payment platform that enables users to spend 62 fiat and cryptocurrencies at more than 61 million locations worldwide via the Wirex platform, announced the integration of Avalanche (AVAX) into its ecosystem on Monday. With the move, users can receive, send, store, and exchange AVAX tokens, and add custom tokens via the Avalanche blockchain. The company plans to onboard multiple AVAX based tokens over the next few months.In addition, Wirex users will be able to earn 20% in annual interest on AVAX through the firm’s decentralized finance savings product, X-Accounts. The company has over 4.5 million users in more than 120 countries across its app, wallet, and payment platforms. Regarding the development, John Wu, president of Ava Labs, the creator of the AVAX blockchain, said “Wirex is moving fast to make digital assets and the innovation happening on public blockchains more accessible to the masses.”Meanwhile, Wirex CEO and co-founder Pavel Matveev said the addition of AVAX is “helping to develop use cases for the Wirex ecosystem,” especially around improving blockchain accessibility. Related: Future of finance: US banks partner with crypto custodiansWirex claims to have developed the world’s first crypto-enabled payment card in 2015. In January, the company expanded to the U.S. and onboarded the Polygon, BNB Chain, and Fantom blockchains at around the same time. Wirex also has its own native utility token, WXT, and a crypto reward program that gives cardholders up to 2% back in WXT for every transaction they make. The company has processed more than $5 billion worth of transactions since 2014.

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