Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Ukraine has received $37M in tracked crypto donations so far
Cointelegraph compiled data this week for crypto donations sent to the Ukrainian government, military and charities amid the country’s ongoing conflict with Russia. By Monday, total crypto donations to the Ukrainian government and charities linked to it had reached $37 million.
The “Reserve fund of Ukraine” backed by local crypto exchange Kuna appeared to be the largest recipient, garnering roughly $13 million worth of BTC, ETH, USDT and other assets. Next in line was charity organization Come Back Alive, which pulled in $7.2 million. The group says it’s aiding the Ukrainian Armed Forces’ resistance efforts.
Notably, UkraineDAO also sold a tokenized Ukrainian flag for 2,174 ETH ($5.95 million) to support local civilian organizations.
South Korea to invest $187M in national metaverse project
The South Korean Ministry of Science and ICT put some serious weight behind the metaverse this week, allocating $186.7 million to create a virtual ecosystem to foster digital content and corporate growth within the country.
The metaverse ecosystem is called the “Expanded Virtual World,” and the funding will be used to expand the virtual industrial growth of cities, education and media. The ministry also said that it will host community-oriented creative activities to drive interest, such as a metaverse developer contest and a hackathon.
“It is important to create a world-class metaverse ecosystem as the starting point to intensively foster a new hyper-connected industry,” stated Park Yungyu, head of communication and policy at the ministry in the announcement.
Payment services provider Shift4 acquires The Giving Block for $54 million
On Tuesday, U.S.-based…
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