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Local residents are seen in front of partially empty shelves at a supermarket in Kyiv, Ukraine March 3, 2022. Mykhailo Markiv | Reuters Donations in cryptocurrencies like bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Moscow invaded on Feb. 24, more than 102,000 cryptoasset donations, totaling $54.7 million, have gone to the Ukrainian government and Come Back Alive, an NGO providing support to the military, according to new data from blockchain analytics firm Elliptic. The raise includes a single donation of $5.8 million from Gavin Wood, the founder of a lesser-known cryptocurrency called polkadot. Donations have picked up this week, with around 72,000 of these donations coming in the past two days. Thus far, the contributions consist of $18.2 million in ether, $17.2 million in bitcoin and $9.5 million in a mix of U.S. dollar-pegged stablecoins, including an anonymous donation of $1 million in tether, a controversial token designed to be pegged to the U.S. dollar. Accepting donations in crypto is new for the Ukrainian government. Up until Saturday, all donations had to travel via traditional payment channels , but on Feb. 26, the government decided to get creative. Twitter accounts belonging to the Ukrainian government began to solicit cryptoasset donations for the first time. The move came after the country's central bank cracked down on digital money transfers in connection with a nationwide declaration of martial law. Cryptocurrencies such as bitcoin have become more popular since they allow users to bypass financial institutions that might block payments to Ukraine. Elliptic says that the bitcoin, ethereum, tron, polkadot, dogecoin and solana addresses listed in the tweets have received over 96,000 cryptocurrency donations, with a total value of $46.7 million going directly to the government. "Cryptocurrency is particularly suited to international fundraising because it doesn't respect national boundaries and i

Steven Mnuchin’s private equity group has made its first buyout since he stepped down as US Treasury secretary in the Trump administration, taking a controlling interest in mobile cyber security company Zimperium for $525mn. Liberty Strategic Capital, Mnuchin’s firm, has focused on cyber security with four minority investments since its launch last year. Mnuchin raised $2.5bn from a group of backers that included Japan’s SoftBank , Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala. Zimperium, founded by two Israeli security experts, provides companies with technology to stop criminals from hacking the mobile devices of their employees to obtain sensitive information. The Dallas-based company has claimed that it is capable of thwarting mobile attacks such as the one carried out by NSO Group’s Pegasus , the Israeli military-grade spyware manufacturer that created software to trace the phones of journalists and human rights activists around the world. “It’s clear that mobile is the new front line for cyber security,” Mnuchin said. “We believe Zimperium has positioned itself as the leader in securing mobile endpoints and applications.” Prior to joining Donald Trump’s administration, Mnuchin worked for several years on Wall Street, climbing to the top ranks of investment bank Goldman Sachs. He left Goldman in 2002 and later launched hedge fund Dune Capital Management and a film studio called Dune Entertainment. Following the 2008 financial crisis, he went on to turn round failed California-based lender IndyMac, which was later acquired by CIT Group for $3.4bn. Recommended News in-depth NSO Group Technologies Pegasus scandal prompts Israel to question use – and abuse – of spyware Mnuchin was not the first Treasury secretary to have previously worked at an investment bank. Many have also left government to join the lucrative world of private equity buyouts. John Snow , who served under President George W Bush, moved to Cerberus Capital Management, while Tim Ge

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