Crypto industry leader Jesse Powell has made a significant donation of million, primarily in ethereum, to Donald Trump’s presidential campaign. In a social media post, Powell cited the crypto industry’s struggles with regulation under the Biden administration, specifically naming Elizabeth Warren and Gary Gensler as obstacles. Powell expressed optimism that Trump’s pro-crypto stance will […]
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Moonpay Donates $1 Million to Stand With Crypto
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes […]
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Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development
According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed million to the organization. Bitcoin Development Nonprofit Opensats Receives M From Dorsey’s #Startsmall On May 3, Opensats disclosed receiving a million contribution from Jack Dorsey’s […]
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Binance Donates $10M To Ukraine And Launches Emergency Relief Fund
It is no surprise that international support for Ukraine continues to grow following the invasion by Russia.
After Russia invaded Ukraine, experts from every sector started getting worried about worse cases. For example, cybersecurity experts started answering if a global cyberwar is about to unfold. The crypto money industry did not remain idle either.
Binance, the world’s largest crypto exchange by volume, has announced a million donation to Ukraine. Also launching an emergency fund for the affected country. On his Twitter account, CEO CZ noted, “Our focus is providing on-the-ground support. We care about the people.”
#Binance is donating M to help the humanitarian crisis in Ukraine & @BinanceBCF launched the crypto-first crowdfunding Ukraine Emergency Relief Fund.
Our focus is providing on-the-ground support. We just care about the people.
https://t.co/2vLFFbf5ac pic.twitter.com/vNSo9F3x7i
— CZ Binance (@cz_binance) February 27, 2022
Related Reading | Help For Ukraine
Binance’s official statement about charity fund launched;
In response to the Russia-Ukraine crisis, we are donating US million to major Intergovernmental Organizations and NGOs to provide emergency assistance to refugees and children and to provide logistical support for refugees, such as food, fuel, and supplies.
Crypto Industry To Support Ukraine
The Ukraine Emergency Fund, started by Binance, has raised over million in donations already. The fund is dedicated to helping those affected by recent natural disasters and violence in the Eastern European country of Ukraine.
FTX’s founder, Sam Bankman Fried, announced that he had donated 25 dollars worth of cryptocurrency to each user in Ukraine following the Russian war crisis.
Bitcoin is trying to break its ,000 support | Source: BTC/USD Chart on Tradingview.com
FTX (Bahamian cryptocurrency exchange) offers advanced trading options like margin & futures trading. Unfortunately, U.S. residents can’t access them due to US-based laws that prevent them from operating within their home turf. However, another rival called FTX.US offers fewer crypto options than what you’ll find at regular FX platforms worldwide.
Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks
The CEO of Chain.com, Deepak Thapliyal, has donated 100ETH (approximately 8,000) to help fund the cause.
White commenting to BuzzFeed News, Deepak Thapliyal said;
When I realized the Ukrainian government had requested donations in the form of crypto, I felt compelled to do my part to help. Crypto donations are borderless and near-instant, so I hope that the government there can tap into it as soon as possible to help the people in need.
Vitalik Buterin, founder and inventor of Ethereum, expressed his support for Ukraine. He used the words “Victory For Ukraine” in a recent post on Twitter.
Ukraine And Donations
Ukraine is a hotbed of blockchain innovation. The country’s embrace of cryptocurrencies has made it one of the few places where you can legally trade Bitcoin or other digital currencies without fear from taxes and with their low-cost currency exchange rates combined with an abundance of talented engineers specializing in security protocols relating to this technology; today’s developments will be built here first.
Just days after Russia occupations Ukraine, the country’s official tweeter account asked for donations through cryptocurrency.
Vice Prime Minister of Ukraine, Mykhailo Fedorov, has confirmed that the call for donations was real. He asked people to “Stand with Ukraine.”
As the crisis in Ukraine continues to grow, it is becoming clear that Russia has invaded to install a puppet government. The Russian troops have already entered Kyiv, which put the democratically elected government at risk. This could result in less freedom for its citizens than ever before.
Featured image from Pixabay, Chart from TradingView.com
NewsBTC
Binance Donates $70k of PPE Equipment to Hospitals in the Philippines
Binance Charity (BC) has donated k worth of personal protective equipment (PPE) to eighteen hospitals and government institutions in the Philippines.
The contribution, which includes sanitizer, goggles, masks, gloves, and overalls, is intended to keep healthcare professionals safe as they tend to victims of the virus.
We sent #masks and #PPE to 18 hospitals and government institutions across the #Philippines! Your donation to @BinanceBCF made ALL of this possible.
Enjoy this fun-filled video of smiles, cheer, and love. Mahal ka namin!
#Binance #BCF #CryptoAgainstCOVID #COVID19 #COVIDー19 pic.twitter.com/otnueEMRpF
— Binance Charity (@BinanceBCF) July 7, 2020
This gift is part of a more extensive campaign to help regions across the world that have been most impacted by the pandemic situation.
Since the campaign’s inception in March 2020, BC has managed to raise over million in achieving this purpose. BC made a million upfront donation to the campaign and will match all donations received on a 2:1 basis.
Source: binance.charity
In a blog post, Changpeng Zhao, CEO of Binance, reiterated the charity’s drive to utilize blockchain technology to bring about greater social equality.
“The crypto community is a growing force and we have an opportunity to strengthen this through philanthropy. We encourage the community to take part in this initiative as we unite against the virus, and together, we’ll drive impact.”
Binance Charity Banks on Transparency to Address Trust Issues
However, the charity sector, in general, is plagued by a lack of transparency, which in turn has fostered a growing unwillingness to donate to good causes.
Not only that, but recent high profile charity scandals also have eroded trust in the charity sector as a whole.
Susan Pinkney, Head of Research at The Charities Aid Foundation, spoke about the falling numbers of people giving to charity. She pinpoints a lack of trust as the reason for a squeeze in the charity sector.
“If people lack trust, that means they worry that their hard-earned money is not being well spent when donated to charities. This is a challenge that the entire charity sector needs to tackle head-on and find ways to inspire people to give and demonstrate to them that their money is making a difference.”
Helen Hai, Head of Binance Charity, stated that blockchain technology addresses such concerns. By using a transparent donation system, where immutable records document the flow of money across every stage of the donation process, donors can be assured that their contribution is making a difference.
“Blockchain is a powerful antidote to a problem that has long plagued the philanthropy sector: distributed ledgers have the speed, scalability, and immutability to alleviate donor concerns, ultimately maximizing charitable impact.“
Hai hopes that this type of innovation will generate a greater willingness to contribute to worthy causes. What’s more, none of this would be possible without help from the general public.
Donations to the virus campaign can be made here.
Source: doh.gov.ph
Official Philippines government figures show 42k confirmed cases and 1.3k deaths. Analysis of the 7-day moving average indicates a dropping in the number of cases. However, fears of a resurgence remain in force.
Photo by Tim Marshall on Unsplash
Crypto Tidbits: Bitcoin Returns to $7,200, Ripple Bags $200M Cheque, Tron CEO Donates to Greta Thunberg
Another week, another round of Crypto Tidbits. This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to the upside, all within the span of a few days.
Bitcoin’s latest bout of volatility has made the cryptocurrency put in a new six-month low at ,400, plunging to that price point early Wednesday as bulls failed to step in. While BTC is now trading at ,200, having recovered 10% as aforementioned, analysts are sure that a retest of these lows is an inevitability.
This week also saw bouts of volatility in terms of developments in the industry.
Related Reading: Crypto Tidbits: Bitcoin Mining Still China-Centric, Ethereum Istanbul Live, Banks Use Blockchain For Bonds
Bitcoin & Crypto Tidbits
- Ripple Completes 0M Series C Round: According to a report from Fortune, Ripple has just completed a massive funding round that values the company at billion, making Ripple one of the largest blockchain companies on the market at the moment. The investment that valued it at billion, 0 million — sourced from global investment firm Tetragon, Japanese finance-centric conglomerate SBI, and Route 66 Ventures. A billion valuation makes Ripple more valuable than WeWork, once the world’s hottest startup. Apparently, the funds, while not needed to fund operations, will give the company “Balance sheet flexibility” as it looks to hire upwards of 150 new employees in 2020 and introduce new overseas offices to facilitate said employee additions.
- ErisX to Launch Bitcoin Futures… Soonish: For months, Bitcoin investors have been waiting for ErisX to launch. The exchange has been backed by a swath of Wall Street and crypto names, including but not limited to Bitmain, CBOE, CME, ConsenSys, Digital Currency Group, Fidelity Investments, Nasdaq, TD Ameritrade, and Pantera Capital. It seems that it’s finally launching. According to a market notice published to ErisX’s official website dated December 16th under the premise of “Notification of Trading Hours for Futures Digital Currency Products,” the Exchange has “set forth the following trading hours for Future Digital Currency Products beginning Tuesday, 12/17/2019 (today, on the day of this publishing) until further notice.” Trading for the physically-settled Bitcoin futures will begin next year.
- Fidelity May Add Ethereum to Existing Bitcoin Support: Fidelity Investments executive Tom Jessop recently sat down with industry outlet The Block to talk Fidelity Digital Assets’ latest updates. During the podcast episode, Jessop said that the firm has “done a lot of work on Ethereum” over recent months, and is looking to add support for the second-largest cryptocurrency by market capitalization within the coming year. The catch: clients of the firm need to show that they demand Ethereum, for Bitcoin, the digital currency with the longest track record, has long been the star of the institutional crypto show due to risk factors.
- Fidelity Incorporates UK Firm to Offer Bitcoin Services in Europe: Speaking of Fidelity, a recent report from Financial News has revealed that FDA has just incorporated a U.K.-based branch, giving the financial giant an opportunity to offer digital asset services (like Bitcoin custody) to European clients, including “hedge funds and family offices.” Financial News reports that the new entity does not hold any regulatory permissions at the moment. Heading this new branch will be Chris Tyrer, who joins Fidelity from Barclays Investment Bank, where he served as a managing director and led the institution’s cryptocurrency-centric projects.
Announcing Fidelity Digital Assets, Ltd., for access to our services in Europe. https://t.co/3QuWbXDPrQ pic.twitter.com/XEYLZaJT8Y
— Fidelity Digital Assets (@DigitalAssets) December 17, 2019
- Binance Singapore Blocks Bitcoin Transaction: On Thursday, a Twitter user going by “Catxolotl” reported that Binance’s Singapore subsidiary exchange, Binance Singapore blocked one of their Bitcoin withdrawals due to “risk management” concerns. The exact reason, the user in question was using Wasabi Wallet, a mixing-like solution that allows users to hide their coins. The team noted that for the withdrawal to be released, the user would need to provide the purpose of withdrawal to a privacy-centric wallet service with supporting documents, the user’s current occupation, and their annual income range to corroborated the withdrawal size.
- Tron CEO Donates a Million to Greta Thunberg: Announced in a tweet published Wednesday, Chinese cryptocurrency entrepreneur Justin Sun revealed that he will be donating million U.S. to Greta Thunberg’s climate initiatives, citing his similar underlying goal to “change the world.” It currently isn’t clear how Sun will be donating the money, or if Thunberg will accept donations made in Tron or other cryptocurrencies. Sun elaborated that he thinks that cryptocurrencies will be integral in “reducing carbon footprint by implementing decentralized settlement.”
As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit USD Mil to @GretaThunberg ’s initiative. #cop25
— Justin Sun (@justinsuntron) December 18, 2019
Featured Image from Shutterstock
The post Crypto Tidbits: Bitcoin Returns to ,200, Ripple Bags 0M Cheque, Tron CEO Donates to Greta Thunberg appeared first on NewsBTC.
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