The Ukrainian-founded, UK-based neobank company Fintech Farm has completed a $22 million Series B round, AIN.Capital reported last week — the second capital injection in a bit more than one year, following a $7.4 million round in early 2022. The new round was led by UK fund Nordstar with participation from Chrome Capital, whose General Partner, …
Ukrainian-founded neobank company raises $22 million in the UK Read More
From March 21 to March 23, the French capital played host to the Paris Blockchain Week, attracting a variety of thought leaders, entrepreneurs, investors, corporate executives and other industry professionals. Some 8,500 attendees in total came from 76 countries, according to the organizers. Ukraine was present in several ways. On the humanitarian side, the UNHCR …
Three Ukrainian startups shine at Paris Blockchain Week Read More
In yet another sign of resilience amid the war, at least five funding deals involving Ukrainian or Ukrainian-founded startups were reported in the course of February. Finmap landed €1 million in a round led by Polish-American venture fund Smok Ventures, a Warsaw, Poland-based fund. Launched in 2018 by Ukrainian entrepreneurs Ivan Kaunov and Oleksandr Solovei, Finmap is …
From Kyiv, to Warsaw, to London, Ukrainian startups continue growing and raising funds Read More
Ukrainian DeFi startup Kolibrio has announced its first round of funding, having raised $2 million from a consortium of Web3 investors. Jump Crypto led the round, with participation from Delta Fund and Everstake Capital alongside unnamed individual investors. The company is developing a solution to help blockchain transaction originators “get ownership of the order flow they …
Tallinn-headquartered crypto exchange Utorg raised $5 million in a round led by US fund Dragon Fly with participation from Hypra and TA Ventures, two funds with Ukrainian roots. Completed in September but publicly announced only recently, the deal valued the startup at $50 million, Forbes Ukraine heard from an unnamed source. Founded in October 2020, …
The paramilitary group Rusich is one of multiple Russian far-right and neo-Nazi organizations that have fought in the war in Ukraine. Because it’s not an official part of the Russian Armed Forces, Rusich has had to find alternative ways of funding its members’ military equipment and medical needs — and has found the perfect solution in cryptocurrency. Meduza special correspondent …
Since late February 2022, the Russian invasion of Ukraine affected all aspects of life in the two nations. Their populations have felt the war’s economic impact, including on cryptocurrency, as analysed in a recent report by Chainalysis. Shortly after the war began, cryptocurrency transfers increased in Ukraine and steadily rose through June. In March, right after the war …
Ukraine’s law “On Virtual Assets” — the main piece of legislation that concerns the country’s crypto space, adopted in early 2022 — will be amended in accordance with the provisions of the European Union’s Markets in Crypto Assets (MiCA) legislative package. Since the East European nation was granted the status of a candidate for EU …
Ukraine to revise virtual assets law in line with EU crypto rules Read More
Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores. Among the electronics retailers, whose customers will now take advantage of the new service, …
Whitepay introduces crypto payments to Ukraine’s tech stores Read More
Ukraine started auctioning off a collection of non-fungible tokens (NFTs) on Friday in an expansion of a cryptocurrency fundraising push that Kyiv says has already collected more than $65 million for its war effort. The ‘Meta History: Museum of War’ collection is a series of digital images – including silhouettes of warplanes, screengrabs of news …
Ukraine launches NFT ‘Museum of War’ in crypto crowdfunding push Read More
PayPal is expanding its services to allow its users to send money to Ukrainians, the company announced on Thursday. Prior to this expansion, users in Ukraine could only use PayPal to send money out of the country. The expansion allows Ukrainian PayPal account holders to send and receive payments from friends and family around the world. Ukrainian …
PayPal expands services to allow users to send money to Ukrainians Read More
Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country. The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation. Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that …
Ukraine legalizes crypto sector as digital currency donations continue to pour in Read More
