Ethereum
$1,379.39 12.17%
ETH · 42w

Global Crypto Community Comes Out in Full Force Against Coronavirus

With cases of the deadly coronavirus still popping up at an unprecedented rate around the world, many prominent members of the blockchain and crypto industries have heeded the global cry for help and have swiftly engaged in meaningful action — be it in terms of direct research-related participation, or through the donation of funds or resource materials, such as masks, sanitization equipment, etc. 

For example, as early as January, premier cryptocurrency exchange Binance had already donated $1.4 million worth of medical supplies to Chinese authorities in a massive effort to combat the devastating effects of the coronavirus. Dubbed as the “Binance for Wuhan” project, the effort has seen the crypto trading platform donate a total of 366,000 pairs of gloves, 56,800 masks, 9 sterilizers, 5,280 bottles of hand sanitizer, 20,000 testing kits, 7,850 protective suits, 20,000 pairs of goggles, 388 oxygen concentrators, 1,000 germicidal lamps and roughly five tons of disinfectant. 

According to Jarred Winn, senior vice president of Binance Charity — the exchange’s social outreach wing — seven batches of medical supplies have reached 124 hospitals, medical teams and command wings. The germicidal lamps were sent to Wuhan University People’s Hospital and then distributed to 74 medical teams and health centers, as well as the hotels that accommodated the medical teams. 

Winn further told Cointelegraph that the germicidal lamps have the ability to produce ultraviolet light that can result in the deactivation of bacteria, viruses and protozoa, providing a clean living and working environment for the medical teams.

Additionally, Binance Charity has also embarked on a new initiative wherein the company is looking to raise a total of $5 million in cryptocurrencies to acquire essential medical items for all of the countries that have been affected the most by the COVID-19 crisis. In this regard, a bulk of the funds will be used to quickly disseminate key...

Continue on cointelegraph.com
Recent news
ETH +12.17% · twitter.com · 4h

Grayscale ETHE fund - coming soon!

$ETHE offers investors a regulated way to unlock the potential of #Ethereum in their portfolios, without the challenges of buying, storing, and safekeeping $ETH directly. #GoGrayscale https://t.co/Zrb...
ETH +12.17% · btcpeers.com · 6h

Ethereum shoots past $1,400, sets new all-time high

After a three-year waiting period, Ether has finally broken its previous all-time high of $1,420 on some major exchanges. The second-largest cryptocurrency by market cap surged past the $1,400 benchma...
ETH +12.17% · cryptopolitan.com · 13h

Ethereum is 36% away from flippening Bitcoin

Ethereum has overtaken Bitcoin in daily transaction volume. The second-largest crypto is only 36 percent away from overtaking BTC as the largest crypto