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Freedom of the Press Foundation accepts cryptocurrency donations

Binance Donates to Japan Disaster Relief

Binance Donates to Japan Disaster Relief: Japan is prone to natural disasters. Located along the world’s most active earthquake belt, the country’s seen everything from earthquakes to mudslides.

The latest Japanese natural disaster occurred this weekend. On the night of July 7, a 6.0 earthquake hit Japan.

No tsunami warning was issued, but the aftermath of the latest Japan earthquake is becoming dire. As a result, crypto exchange Binance has stepped in to help. 

Binance Donates to Japan Disaster Relief 

Since last Thursday, Japan has experienced heavy rainfall, sparking deadly landslides and floods. Then, on Saturday, the 6.0 earthquake occurred; the time was around 9 p.m. 

With over 60 dead from the floods, Binance has called on the crypto community to help in the Japan disaster relief initiative. Binance itself has pledged $1M for the victims. 

In an official post, Binance announced the $1M donation, as well as calling on “crypto friends and partners” to join them. Instructions were provided to those who would like to donate to the Japan disaster relief. 

Binance Donates to Japan Disaster Relief: CEO Speaks Out

The CEO of Binance also shared the news on Twitter. There, Changpeng Zhao once again called on Binance’s crypto partners to join them “and help our friends in need.” 

Cryptocurrency Donations: Do They Make a Difference?

It wouldn’t be the first time cryptocurrencies were put towards aiding natural disasters or donated for charitable organizations. 

The Freedom of the Press Foundation, for instance, now accepts virtual currencies as donations.

Meanwhile, Ripple is known for making donations, either in dollars or XRP. It donated nearly $30M in XRP to DonorsChoose, $4M to the Ellen DeGeneres WildLife Fund and $50M to Universities for more blockchain adoption. 

The Takeaway

Binance donates to Japan disaster relief, and this is something many other financial institutions should do.

My recommendation is that if you have cryptocurrencies to spare, you should take Binance up on its offer, and donate to the Japan disaster relief. The country has been through enough, and according to the weather forecast, more is to come.

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Freedom of the Press Foundation Accepts Cryptocurrency Donations – Crypto Currency News

As of this Monday, June 18, 2018, the Freedom of the Press Foundation accepts cryptocurrency donations. But what tokens is it accepting?

Freedom of the Press Foundation Accepts Cryptocurrency Donations

The non-profit helps journalists to report on issues such as the “mismanagement, corruption, and law-breaking in government.” The foundation has announced that it is accepting Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC).

The foundation hopes to add more cryptocurrencies in the future, but currently, donations can be made to the digital wallets that have been added to the Freedom of the Press Foundation website.

According to the official release, the Freedom of the Press Foundation believes that “decentralized technology has great potential to advance the ability of individuals to resist surveillance and censorship.”

Although the announcement was only just made on Monday, one blockchain company, called Mainframe, has already donated 1,000 ETH to the non-profit foundation, which is approximately $500,000 USD, at the current market value.

In regards to the donation, the Freedom of the Press Foundation has said:

“We are deeply grateful Mainframe has made this critical donation to help Freedom of the Press Foundation protect journalists and whistleblowers, and are excited Mainframe, through their technology, shares our commitment to protecting privacy and freedom online.”

Donations will help to support the foundation’s projects to advance press freedom, including their SecureDrop whistleblower submission platform.

The Freedom of the Press Foundation can be added to a list of non-profits that have begun to accept cryptocurrency donations, including the Red Cross, the Water Project, and even the Ellen Degeneres Wildlife Foundation (where actor Ashton Kutcher donated nearly $4 million worth of Ripple’s XRP to in May).

>> Ethereum (ETH): Casper and Sharding Will Most Likely be Released Simultaneously

The acceptance of cryptocurrencies as a form of donation could be attributed to its growth in popularity. Either way, foundations like the Freedom of the Press Foundation are now opening their doors to a different type of donation that will still help to support them.

Do you think this could lead to other companies or businesses accepting cryptocurrencies?

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