Come Back Alive was established in 2014, when armed conflict broke out between Ukraine and Russian-backed separatists. The NGO claims to provide armor and medical equipment to Ukrainian fighters.
Come Back Alive director Taras Chmut told CNBCthat over $300,000 was donated in the hours following Russia’s invasion of Ukraine.
Patreon quickly removed the NGO’s page and wrote a blog post reiterating that the platform is not “to be used for funding weapons or military activity.” In a tweet, the company added that, “Patreon does not allow funds raised on the platform to be used to support violence or purchasing of military equipment,” and that Come Back Alive’s page was suspended pending investigation.
Following its investigation of Come Back Alive, Patreon found that donations to the NGO were being used for three purposes: to buy more than 1,500 tablets with military software, to create and implement “new technical solutions” including models of of artillery weapons, and to train hundreds of snipers, combat engineers, gunners and drone operators.
Patreon may have booted Come Back Alive from its platform, but the Ukrainian NGO is one of many in this conflict that are accepting crypto donations. By early February, a report from blockchain analytics company Elliptic revealed that NGOs had raised over $570,000 in Bitcoin for the Ukrainian military.
Nadya Tolokonnikova, founder of Russian protest punk band Pussy Riot, announced on Twitter today that she’s launching UkraineDAO alongside Trippy Labs and members of PleasrDAO, to raise funds for organizations supporting the beleaguered citizens of Ukraine.
On the other side of the conflict, Russia’s wealthiest, both at home and abroad, could use crypto as a means of circumventing the crippling effects of global sanctions on Russian business.
The Russian government has proposed legislation to recognize Bitcoin mining in energy-abundant regions as a “commercial activity” and to bring cryptocurrencies into the same regulatory framework as “foreign currencies”.
Russia is the third-biggest Bitcoin mining nation in the world, after Kazakhstan and the United States; the country’s Bitcoin mining has been largely unaffected by the invasion.
In a lengthy Twitter thread, Marc Andreessen—noted venture capitalist and co-founder and general partner at Andreessen Horowitz—laid out the case for allowing AI development, but warned about creating...
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