Wednesday, August 21, 2019

Binance Decides to Donate $1 Million To Japan Flood Victims

Binance — world’s largest cryptocurrency exchange company — announced that the company will donate $1 Million for the flood victims of West Japan.

Changpeng Zhao, the founder and CEO of Binance, shared his sympathy towards the families affected by the unprecedented rainfall happening in Japan since Saturday. He, therefore, used Twitter to announced his pledge worth $1 Million for the victims and started a relief initiative, stating that:

“Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need”

Furthermore, Zhao urged the people to help them collect fund for the victims by making donations through transferring ETH or ERC-20 tokens to the company’s wallet.

“Send ETH or ERC20 tokens you want to donate directly to the Binance donation address 0xA73d9021f67931563fDfe3E8f66261086319a1FC”

He clarifies that this is an urgent matter so simplicity within the system of donating will be applied in order to immediately help the victims. Zhao said that their team is now contacting the local authorities of Japan to figure out the final logistics and to deliver their message of cooperation within the tragedy.

Meanwhile, in appreciation with the persons who will donate with their charity, Binance said that the users will get “bonus points for future listing requests” and that they might consider the donation towards the listing fees.

With this move, an amount of $90,000 worth of ETH and $1.05 Million worth of ERC-20 tokens are being collected according to Etherscan; while others are still being counted as of now. Now, positive reactions are being spread out in the social media because of the Binance’s generosity to help those in need and by giving them slight addition of cryptocurrencies.

Related Article:  Bermudian Government Set to Usher In New Regulations on ICOs

Japan is recently experiencing one of the dangerous rainfall ever recorded in the country’s history. Since Saturday, more than 60 people are dead and dozens are missing after the heavy rainfall caused the rivers to burst water in Hiroshima and other cities. According to BBC, Prime Minister Shinzo Abe ordered to evacuate almost 2 million people affected by the typhoon. He said that “There are still many people missing and others in need of help,” the prime minister told reporters on Sunday.

With this generous help from Binance, massive donations are soon expected to pop up; making an enormous benefit for the victims in West Japan. Although, not the first time to use cryptocurrency for donations, these acts of kindness and unity represents the great thing behind online currencies.

More Articles

Telegram Launches Passport, A Cloud Based Identification Service

A thing that has eluded most social networks, for now, is how to recognize if a person is really who he says to be....

What Are Bitcoins Backed By?

  One question that many people ask is what backs Bitcoins and gives them value. This question arises because most of our currencies are backed...

Crypto Miners Take Advantage of Docker Flaw

Ever since a flaw was discovered in Docker's remote API, hundreds of attackers including crypto miners have pounced on it to siphon as much...

Tim Draper Encourages Mauricio Macri To Embrace Bitcoin Before...

Tim Draper, the eccentric billionaire investor and one of the biggest Bitcoin influencers in the crypto space has advised the President of...

KuCoin Lists GRIN Cryptocurrency Based on Mimblewimble Blockchain

KuCoin, a Singapore-based cryptocurrency exchange on January 24 announced its launch of Grin (GRIN). The latter is a digital asset that is based on...

The Effect Of BTC Gift Cards On Bitcoin Adoption

A lot has been said concerning what the crypto industry is expected to achieve in the year 2019. In some quarters, it is believed...

BTC Trading Volume in Latin American Spikes Significantly in...

While many may be expecting the interest in cryptocurrency to dwindle given the turn out of events since the first quarter of 2018, it...

Kobe Bryant Will Appear At TRON Conference

With lots of celebrities endorsing cryptocurrencies and ICOs, is not rare to be seeing one more. But now Kobe Bryant is going to attend...
video

Top Ten ICO Fundraisings of 2017

2017 has been the best year yet for ICOs, and it continues to break records in several aspects. A massive amount of funding has...

Bitcoin Trading Volume Hits An All-Time High In Venezuela

Once the richest nation in South America is currently undergoing a high inflation rate, as a result, donations are now being made in Bitcoin...

Bitcoin’s Bullish Trend will Reach $25,000 This Year, Says...

Mike Arrington, the Founder of TechCrunch, said this recently at the Korea Blockchain Week. Mike's comment his reaffirming the thought of Michael Novogratz and...

Bloomberg’s Analyst Says Bitcoin bulls are Grasping at Straws

While Bitcoin's price is looking good, analysts are taking time to study what may have caused the recent surge and where it...

Latest Articles

Why Some Financial Bubbles Are Necessary Economic Disasters

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...

Malware Posing as Movie File Manipulates Results and Steals...

A new form of malware posing as movie file was discovered last year and was designed to steal cryptocurrency and inject manipulated results into...