The Stellar Development Foundation announced a Stellar (XLM) donation matching program in April, in a partnership with Stellar-based Lumenthropy. The Foundation committed 2.5M XLM and started off by donating 100,000 XLM to a group of charities that are able to accept lumen donations.
One of the largest crypto exchange operators, Binance, subsequently launched the “Binance for Wuhan” project, which includes a commitment to donate 10,000,000 RMB (~US$1.4M ) in medical supplies to support the battle against the virus in China.
Helen Hai, Head of Binance Charity said, “the most vital element of human life is to point out compassion and help others as we will, without the limitation or restriction of borders. Blockchain technology enables this in greater capacities than ever before.”
The effort has seen a whole new platform, Binance Charity, deliver over 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant, 5,280 bottles of hand sanitizers, 20,000 testing kits, 7,850 protective suits, 20,000 pairs of goggles, 388 oxygen concentrators, and 1000 germicidal lamps to over 300 hospitals and medical teams in multiple provinces in China.
On the 25th of March, Binance Charity announced another initiative, the “Crypto against COVID” campaign. Binance Charity is looking to raise USD$5M in cryptocurrencies. The funds are to be spent on purchasing supplies for countries worst affected by the virus, like Italy, Spain, the Republic of Korea, Turkey, the US, and the UK.
Binance launched the Crypto against COVID campaign by initially donating USD$1M, and has committed to donating up to USD$2M through the #CryptoAgainstCOVID social media campaign. In addition to this, Binance will match up to USD$1M of public donations to the effort.
The Decentralized Artificial Intelligence Alliance [DAIA] announced the launch of a decentralized AI hackathon to support the medical community in providing solutions against the pandemic. The alliance has over 50 members from the blockchain sector, healthcare professionals, biotechnologists, and geneticists.
According to reports, the alliance intends for the community to come up with applications to monitoring community and individual health, a system of simulating the spread of the virus, while also developing new machine learning tools to help biomedical and epidemiological analysis.
According to the MaltaToday report, a coordinated strike by a US law firm against some of the best-known companies in the cryptocurrency industry has also targeted Binance, the word’s leading crypto exchange. The 11 lawsuits have named 42 defendants in more than a dozen countries.
The lawsuits allege that these crypto companies took advantage of the market’s lack of understanding of how cryptocurrencies worked to sell these alleged illegal securities to citizens.
The lawyers described the ICOs as a ‘Wild West’ where investors are left to fend for themselves in a lawless industry.
A US law firm filed class-action lawsuits which could represent tens of thousands of investors, aimed toward Binance, Block.one, Bitmex, Tron et al. , accusing them of getting sold unlawful securities to investors within the sort of digital tokens.
As reported by Offshore Alert — calling it the crypto world’s own ‘red wedding’ during a Game of Thrones reference — the 11 suits named 42 defendants in additional than a dozen countries, including Binance founder Changpeng Zhao, better referred to as “CZ”.
The lawsuits allege that the token issuers took advantage of the market’s lack of understanding of how cryptocurrencies worked to sell these alleged illegal securities to US citizens.
One of the largest crypto exchange operators, Binance, subsequently launched the “Binance for Wuhan” project, which includes a commitment to donate 10,000,000 RMB (~US$1.4M ) in medical supplies to support the battle against the virus in China.
Helen Hai, Head of Binance Charity said, “the most vital element of human life is to point out compassion and help others as we will, without the limitation or restriction of borders. Blockchain technology enables this in greater capacities than ever before.”
The effort has seen a whole new platform, Binance Charity, deliver over 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 173 barrels of disinfectant, 5,280 bottles of hand sanitizers, 20,000 testing kits, 7,850 protective suits, 20,000 pairs of goggles, 388 oxygen concentrators, and 1000 germicidal lamps to over 300 hospitals and medical teams in multiple provinces in China.
On the 25th of March, Binance Charity announced another initiative, the “Crypto against COVID” campaign. Binance Charity is looking to raise USD$5M in cryptocurrencies. The funds are to be spent on purchasing supplies for countries worst affected by the virus, like Italy, Spain, the Republic of Korea, Turkey, the US, and the UK.
Binance launched the Crypto against COVID campaign by initially donating USD$1M, and has committed to donating up to USD$2M through the #CryptoAgainstCOVID social media campaign. In addition to this, Binance will match up to USD$1M of public donations to the effort.
The Decentralized Artificial Intelligence Alliance [DAIA] announced the launch of a decentralized AI hackathon to support the medical community in providing solutions against the pandemic. The alliance has over 50 members from the blockchain sector, healthcare professionals, biotechnologists, and geneticists.
According to reports, the alliance intends for the community to come up with applications to monitoring community and individual health, a system of simulating the spread of the virus, while also developing new machine learning tools to help biomedical and epidemiological analysis.
According to the MaltaToday report, a coordinated strike by a US law firm against some of the best-known companies in the cryptocurrency industry has also targeted Binance, the word’s leading crypto exchange. The 11 lawsuits have named 42 defendants in more than a dozen countries.
The lawsuits allege that these crypto companies took advantage of the market’s lack of understanding of how cryptocurrencies worked to sell these alleged illegal securities to citizens.
The lawyers described the ICOs as a ‘Wild West’ where investors are left to fend for themselves in a lawless industry.
A US law firm filed class-action lawsuits which could represent tens of thousands of investors, aimed toward Binance, Block.one, Bitmex, Tron et al. , accusing them of getting sold unlawful securities to investors within the sort of digital tokens.
As reported by Offshore Alert — calling it the crypto world’s own ‘red wedding’ during a Game of Thrones reference — the 11 suits named 42 defendants in additional than a dozen countries, including Binance founder Changpeng Zhao, better referred to as “CZ”.
The lawsuits allege that the token issuers took advantage of the market’s lack of understanding of how cryptocurrencies worked to sell these alleged illegal securities to US citizens.
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Francisco Gimeno - BC Analyst All the new tech in the world can't avoid the human perspective. In health crisis times, everyone needs to help an act ethically, including the new crypto and Fin tech start ups. The world after pandemic will strongly support those which work good for good, and in ethical ways. Past examples of ICO scams, Crypto Exchange's frauds show how not to do it.