Crypto Charity

Recently, the Huobi Group announced its plan to distribute aid in support of Indonesia as it fights against the Covid-19 pandemic. Reports say that Huobi partnered with the Indonesia-China Association of Economic, Social, and Cultural Cooperation (ICAESCC) to offer aid to Indonesia during the pandemic. Additionally, they will be making monetary contributions, donate vital medical supplies, and also use blockchain to aid Indonesia in healthcare delivery. Huobi Charity will contribute about $50 000 worth of Huobi tokens (HT) to ICAESCC…

Crypto Against Covid is a campaign launched by Binance Charity Foundation, aiming to raise $5 million in crypto to battle the Covid-19 pandemic. The campaign also seeks to buy medical supplies for the countries heavily hit by the pandemic. Binance Charity Foundation allocated $1 million in BUSD tokens and will also help set up a wallet to put all public donations for the project. Binance exchange will convert the donated BUSD to fiat, and the funds will purchase medical supplies…

With the occurrence of the Australian Bushfire that led to lots of destruction, Binance has shown it's in-depth concerns over the incident where the company recently announced the creation of a charity project aimed at assisting the relief efforts that followed the outbreak of the Australia bushfire. In light of this charity project, Binance donated approximately $1 million cryptos to the Australia Bushfire Donation project that was also part of a contribution made in showing the commitment of funds related to relief efforts in…

The American Cancer Society (ACS) is a nationwide non-profit organization that focuses on eliminating cancer.  ACS is currently accepting donations in Bitcoin through the cryptocurrency’s payment processor, BitPay. Brant Woodward, the ACS vice-president, pointed out that cancer affects people of all walks of life. Therefore, there is no shame in asking for support from a broad cross-section of donors. Brant also noted that the ACS’s mission is urgent, and it needs donors’ help to accomplish its objective. BitPays Donations Statistics…

Despite the rapid rise in cryptocurrency value, mainstream adoption seems to be a far-fetched dream. In a survey by Finder.com involving 2,001 American adults, it was established that only 7.95% of respondents owned bitcoin, with the majority being millennials at 17.2% compared to baby boomers at 2.2%. Furthermore, 92% of Americans have never owned cryptocurrency, with only 7.76% claiming they will purchase one in the future.  However, despite the low rates of crypto uptakes, especially in Europe and America, there…