Renowned Cryptocurrency Exchange Service Makes Million Dollar Donation to Japanese Flood Victims

2018-7-10 14:59

Established cryptocurrency exchange service Binance is showing some love to the victims of the disastrous flood by donating $1 million to aid them in their dire situation. Binance CEO Changpeng Zhao took to Twitter to make his heartwarming announcement stating that they will be donating the said amount in either Binance Coin, Bitcoin or Japanese Yen.

Zhao said in his Twitter thread:

“Given the short time, we had to keep this very simple for this time. We will build something more systematic later. Our team is contacting local authorities to figure out final delivery logistics too.”

A Good Cause

The Binance CEO’s relief efforts were met with an abundance of positive reception from other Twitter users who praised him for his noble cause. Even Japanese Twitter users themselves expressed their appreciation for Zhao’s heartfelt gesture as they applaud the Binance CEO through his thread.

One user used the opportunity to ask Zhao if they would soon be able to donate cryptocurrency of any kind via Binance, in which Zhao responded saying:

“will add a feature, we originally wanted to make a ‘donate dust’ button, but didn’t have the resource priority to do it, when it wasn’t clear what to donate to. We didn’t want to hold the funds long and potentially keep getting asked.”

However, Binance isn’t stopping there. The company is, now, urging everyone including their “crypto friends and partners” to follow their lead in their relief efforts as well.

According to the official website, willing participants could either make an anonymous donation or named donation. In addition, the website stressed that “all outgoing transactions from the Binance donation address will be explained by Binance and used for charity purposes only.”

Devastating Calamity Aftermath

Binance’s donations and efforts would be a great help to the victims especially since the massive flood had a devastating outcome that greatly affected Japan’s Ehime and Hiroshima prefectures. The Guardian reported that the torrential rain that caused the flood was deemed “historic” as there hasn’t been such a heavy rainfall in the country in decades.

The unfortunate incident is considered the worst weather-related calamity in the country since the consecutive typhoons that devastated Japan back in 2011. The number of casualties has risen to an alarming 94 people.

Reports stated that the number of casualties is expected to reach beyond 100. On top of all that, 58 people are still reportedly missing. The devastating aftermath also left 80 people stranded while over 30,000 people were admitted to emergency shelters.

Renowned Cryptocurrency Exchange Service Makes Million Dollar Donation to Japanese Flood Victims was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.00249233 (-100%)

cryptocurrency japanese flood binance victims million exchange

cryptocurrency japanese → Результатов: 76


Фото:

Crackdown on China: Educators push lax rules, 3 million holders exist in China, and Xiaolai keeping score

Economics In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed

2018-7-7 05:53


Фото:

China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks

In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed bitcoin […] The post China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks appeared first on Bitcoin News.

2018-7-7 03:25


Фото:

China Round-Up: Scholar Advocates Permissive Regulations, 3 Million Estimated Chinese HODLers, Xiaolai Recording Leaks

In recent Chinese cryptocurrency news: a prominent scholar has advocated that China adopt a permissive regulatory apparatus, drawing influence from Japanese and U.S. legislation. Research conducted by the International Monetary Institute at Renmin University of China has estimated that the number of Chinese bitcoin investors exceeds 3 million, and an audio recording of famed bitcoin […] The post China Round-Up: Scholar Advocates Permissive Regulations, 3 Million Estimated Chinese HODLers, Xiaolai Recording Leaks appeared first on Bitcoin News.

2018-7-7 03:25


Фото:

Overhauling Crypto Regulation being looked into by Japanese Regulators

Regulation Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved. Japan Confirms Entrance

2018-7-5 05:46


Japanese Regulator Responds to Reports of Overhauling Crypto Regulation

Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved.

2018-7-5 04:40


Japanese Financial Authorities Set to Review Cryptocurrency Regulations

With the incessant attacks on cryptocurrency exchanges in one of the most crypto-friendly nations, the Japanese government is not leaving any stone unturned in their quest to secure their financial sector by putting in place measures that will prevent wrongdoing and provide adequate security for the sector Stringent Laws The agency responsible for the security […] The post Japanese Financial Authorities Set to Review Cryptocurrency Regulations appeared first on ZyCrypto.

2018-7-5 21:55


FSA Considers Changing Japanese Cryptocurrency Regulations

New information points towards the FSA, Japan’s financial regulating body, changing the legal basis on which cryptocurrencies are overseen in the country. FSA Considers Change to Regulatory Basis As was reported in local Japanese media Sankei on July 3, the Financial Services Agency is considering changing the legal foundation on which cryptocurrency regulation is based, from.

2018-7-3 16:30


Japanese Financial Institution Will Change Virtual Money Trading Rules

Japanese financial regulator the Financial Services Agency (FSA) is considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3. The FSA reportedly is considering to regulate crypto exchanges by the Financial Instruments and Exchange Act (FIEA), instead of its current legal foundation, the Payment Services Act. Should

2018-7-3 09:06


Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift

SBI Holdings (a partner of Ripple) CEO Yoshitaka Kitao said, during the Japan Blockchain Conference in Tokyo, that blockchain technology would fuel the next boom in the Japanese economy. The company is at the forefront of blockchain innovation as it plans to invest over $460 million in the industry through an AI & Blockchain fund, which […] Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-29 21:14


Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange

Line, the second-largest chat messaging app in Southeast Asia and the most popular chat service in Japan, announced the impending launch of a new cryptocurrency exchange called BitBox. The new exchange, scheduled to go live in July 2018, follows an announcement issued in January by the chat giant heralding the creation of a new financial […] The post Japanese Chat App Juggernaut Line Set to Launch Crypto Exchange appeared first on CryptoSlate.

2018-6-29 14:00


Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto

Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. As Cointelegraph reported in January, LINE had been in talks with Japanese regulators over launching an exchange.

2018-6-28 16:00


Фото:

Japan’s Biggest Social Network to Launch Cryptocurrency Exchange

Japan’s biggest social network LINE will launch a cryptocurrency exchange under a Singapore-based subsidiary in July — but will exclude Japanese and, initially, US users. ‘In Compliance With Rules And Regulations’ A press release issued June 28 confirms the move, which follows debates with Japanese regulators stretching back to January this year.

2018-6-28 15:00


Japan Undecided On Crypto Gains Taxing

Japanese politicians are questioning their Minister of Finance, Taro Aso, on the type of taxes they are applying on cryptocurrency gains in the country. While the politicians are demanding to treat profits from these virtual currencies as a ‘separate declared taxation,’ financial officials in the island country prefer to continue with the current ‘miscellaneous income’ […] The post Japan Undecided On Crypto Gains Taxing appeared first on ZyCrypto.

2018-6-27 17:39


Фото:

Crypto Exchanges Respond to Orders for Improvement

Exchanges Six fully-licensed Japanese cryptocurrency exchanges have responded to the business improvement orders issued by the country’s top financial regulator. Japan Confirms Entrance Into the Crypto Space Japan’s top financial regulator, the Financial Services Agency (FSA), issued business improvement orders to six regulated crypto exchanges on June 22. Crypto Exchange Association The Japan Virtual Currency

2018-6-26 21:19