RIYADH: The Ukrainian government is now preparing to receive Dogecoin donations, according to Mykhailo Fedorov, the country’s deputy prime minister.

“Dogecoin has overtaken the Russian ruble in value. We are starting to accept meme coin donations. Now even memes can support our army and save lives from Russian invaders. Doge owners of the world, Elon Musk, Billy Markus, let’s do- the,” the Ukrainian official said.

Dogecoin’s acceptance comes after the Ukrainian government asked for donations from Bitcoin and Ethereum, which saw millions pouring into donation addresses.

“Sent some,” Dogecoin co-founder Billy Markus tweeted in response to Fedorov’s tweet.

“Dogecoin people are usually not wealthy and dogecoin itself is usually used for small transactions, but we are a caring and passionate bunch. Those who want to help will offer what they can – hopefully the country can heal and build back stronger after all of this,” Markus added.

Blockchain explorer stats show Dogecoin address holds $38,355 and donations are pouring in every minute.

Warning

People who want to send cryptocurrency to Ukrainians defending their country against a military operation launched by Russia could fall into a trap set by phishing websites, forum posts and emails, warned Bleeping Computer in an article.

The tech news outlet has identified a number of new scams tricking crypto users into helping Ukraine by donating cryptocurrencies to addresses other than those provided by the Kyiv government and Ukrainian NGOs.

These messages range from scam emails that appear to come from the United Nations Office for the Coordination of Humanitarian Affairs or NPR domains, for example, to forum posts that appear to be related to the “Help Ukraine” movement, according to Bitcoin.com.

The report reveals that other cybersecurity and ransomware researchers, such as Malware Hunter Team and Jake Jcybersec, found more .org and .com domains set up by scammers such as Ukraine-donate, Ukraineglobalaid and Ukrainewar.support.

Daily trade

Bitcoin, the leading international cryptocurrency, traded lower on Thursday, falling 2.10% to $43,179 at 1:14 p.m. Riyadh time.

Ether, the second most traded cryptocurrency, was priced at $2,881, up 4.01%, according to data from Coindesk.

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