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Home Business Indie Russian news company raises $250K in crypto after sanctions maim finances

Indie Russian news company raises $250K in crypto after sanctions maim finances

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Indie Russian news firm raises $250K in crypto after sanctions paralyze finances

< img src ="https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMDdiYjM1MGQtZDE4Mi00NjZkLTlmMDgtMzE3ZmI3YmY2YWUzLmpwZw==.jpg"class ="ff-og-image-inserted"> A Russian independent news company has raised more than US$ 250,000 in cryptocurrency contributions from supporters in order to continue reporting independent news under a barrage of Russian federal government propaganda and censorship.

Meduza, a Latvian-based Russian-language news site that claims to report on “the real Russia, today” has been requesting for contributions given that March in the type of USD, euros and cryptocurrency, consisting of Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Tether (USDT), Monero (XMR) and zcash (ZEC).

Given that publishing their contributions plea, the news company has gotten around US$ 250,000 in crypto contributions through 146,000 individual transactions. Around 93% of the overall contribution quantity was available in the type of 3.75 BTC ($116,954) and 49.9 ETH ($117,767).

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