click here if you want to see your banner on this site

Author Topic: #Millions in Crypto Donations Pour Into Turkey Following Devastating Earthquakes  (Read 110 times)

chrisbennet

  • Hero Member
  • *****
  • Posts: 986
  • Karma: +0/-0
    • View Profile







Free Crypto Signals - https://telegram.me/btctradingclub



                     https://cryptosignals.quora.com/


We do help you to make money from Crypto trading through our Signals & our success ratio is incredible. We provide Crypto Signals services on telegram, reddit, whatsapp group for major exchanges such as Binance, Kucoin, Binance Futures, Bybit, Coinswitch, CoinDCX, Kraken, WazirX, Bitmex, HitBTC, Bittrex, Bitfinex, BitSeven, Poloniex etc - then our signals are perfect. We do inform about closure of trades - They have been asked to EXIT the trade. The Key to success is here - We provide the entry as well as the EXIT Price. All our coins which we have asked to buy or hold has provided great profit. Enter our Telegram Community and be among the best. Apart from Crypto Signals, we do provide completely free Crypto Currency trading basic Training from Certified Bitcoin Professional



The Web3 community is again raising millions within hours to help those in need.


Several cryptocurrency companies—including Binance, Tether, Bitfinex, OKX, and Kucoin—have pledged over $9 million in donations to aid the victims of the massive earthquakes that hit Turkey and Syria early Monday morning.

As the number of casualties continues to rise—more than 7,000 killed and over 20,000 injured—the collective effort demonstrates that the crypto community is again ready to step up to support humanitarian efforts.

Joining in the fundraising efforts, Avalanche Foundation donated $1 million in AVAX tokens.

"Turkey is close to the heart of the Avalanche Foundation and community, and the funds will help people recover faster in the wake of this tragedy,” Executive Director of the Avalanche Foundation, Aytunc Yıldızlı, told Decrypt in an email. “It is time to come together and show that crypto is a force for good and a sign of hope for all of us hurting."


“The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis,” Binance CEO Changpeng Zhao said in a press release.

“Time to take care of our users,” Zhao tweeted, adding that the crypto exchange would airdrop $100 (1883 TRY) in BNB, totaling $5 million, to users in the region.


Soon after news broke of the earthquake and the staggering number of lives lost, Bitfinex, Keet, Synonym, Tether, and other companies announced a collective pledge of 5 million Turkish Lira, around $266,000, to go towards the earthquake recovery effort.


“It is clear that the scale of the disaster has been both widespread and catastrophic,” Tether wrote in a press release announcing the donations. “Our hearts go out to the people of Turkey, and our thoughts and prayers are with all those affected.”

Adding his name to the growing list of founders and firms donating to support disaster relief, Tron founder Justin Sun pledged to donate $1 million in TRX from the Huobi Global cryptocurrency exchange.


In February 2022, in what was dubbed “the world’s first crypto war,” the crypto community—including several prominent names like Ethereum co-founder Vitalik Buterin—sent millions in donations to support the Ukraine Government and NGOs operating in the area after Russia’s invasion.

Like Ukraine DAO last year, several decentralized autonomous organizations or DAOs have spun up in the last 48 hours offering support to support humanitarian efforts. However, as with all fundraising frenzies in the wake of large-scale disasters, there are always concerns that some may be nefarious attempts at scamming well-meaning donors.


Vetting these groups is crucial for making sure funds get to those in need. Projects like Endaoment and The Giving Block have made it their business to facilitate donations to charities using cryptocurrency.

CoinpediaNews

  • Jr. Member
  • **
  • Posts: 71
  • Country: in
  • Karma: +0/-0
  • Gender: Male
    • View Profile
Ripple gave Turkey and Syria XRP worth $1 million

XRP is a cryptocurrency that launched in 2012. It serves its payment network, Ripple Net, and native asset. At launch, 100B XRP tokens were pre-mined and distributed to individuals and companies.

According to Chainalysis, there has been a donation of more than $9 million in cryptocurrencies. Recently, Ripple disclosed that it is contributing $1 million in XRP tokens to aid quake victims in Syria and Turkey. AHBAP, a nonprofit organisation supported by well-known musician and artist Haluk Levent, initiated the fundraising project.

More than $9 million worth of cryptocurrency have been sent to Turkey and Syria, claims Chainalysis. Alongside, several well-known figures in the cryptocurrency sector expressed their affection in the form of cryptocurrency.

Currently Ripple is defending itself from SEC. The Ripple v. SEC lawsuit is becoming more serious as American regulators pay closer attention to the cryptocurrency market.
  • Ripple CEO Brad Garlinghouse has also threatened to exit the US market should the SEC prevail in its case against the company.
  • Jesse Haynes, a Web3 lawyer, emphasized in a recent tweet that everything has advantages and disadvantages. In his tweet, Haynes seems optimistic about the whole case regardless of the outcome. He has predicted that whether the ruling is positive or negative, it is beneficial to Ripple.
  • Factors like global recognition and growing adoption could propel XRP prices to greater heights. But, If the SEC further pushes the lawsuit or a decision comes against XRP then the XRP Price would end up trading at $0.5850 as per prediction made by coinpedia expert analyst.

« Last Edit: February 17, 2023, 07:19:37 AM by CoinpediaNews »

 

Bitcoin Garden 2013-2024, All rights reserved | Privacy Policy | DMCA | About Bitcoin Garden | Support & Services