Ukraine Cancels Airdrop Ahead Of Snapshot; Bitcoin, Ethereum, Solana, Dogecoin Slide

Ukraine’s deputy prime minister and Minister Of Digital Transformation, Mykhailo Fedorov, announced that the Ukrainian government has canceled a planned crypto airdrop. “Instead, we will announce NFTs (non-fungible tokens) to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens,” he tweeted. The Ukrainian government and NGOs providing support to the military have raised $35 million, through more than 35,000 crypto asset donations since the start of the Russian invasion. 

Airdrop is a method used in crypto trading. Apart from the general trading method by investing own money, often free coins or tokens are provided to users with public crypto wallets in order to promote a new virtual currency or incentivize the use of certain platforms.  

Meanwhile, IMA Financial Group, a large US insurance broker and wealth management firm, is opening a research and development facility in Decentraland, the Ethereum-based virtual world where JPMorgan recently set up shop, as per Coindesk.  

In the cryptocurrency market, the price of Bitcoin (BTC) was down by 1.40 per cent in the last 24 hours, while it was…

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