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Binance Receives Letter of Appreciation from Japan for Charity Efforts in 2018, Twitter User Accuses CZ of Hypocrisy

  • Yuri Molchan
    📰 News

    Binance has just spread the word that it had received a letter of appreciation for its help with donations back in summer 2018 when the floods burst out in Japan

Binance Receives Letter of Appreciation from Japan for Charity Efforts in 2018, Twitter User Accuses CZ of Hypocrisy
Cover image via news.u.today
Contents

As per the Binance’s recent tweet, the mayor of the city of Kure located in West Japan has send the company a letter of gratitude for the efforts that the Binance Charity Foundation (BCF) took to collect donations for the victims of the floods in Japan last year. 

Among the biggest donations came from Binance and the Tron Foundation.

Floods hit Japan in summer of 2018, Binance was quick to respond

The floods were caused by heavy rains that hit the South and West of Japan in the summer 2018. There were not only floods but also huge flows of mud. 

Over two hundred dead were found in about 15 regions of the country. A dozen people went missing and around 20 thousand houses were heavily damaged.

To help the victims of the natural disaster, the Binance Charity Foundation managed to raise $410,000. However, many more donations came in crypto, mainly ERC20 tokens – that was around $1,410,000.

Thanks to Binance, over 41,000 people got shelter, food, medical aid, etc.

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Binance-made charity

After that, the BCF also set up a charity program providing free lunches to schools in Uganda – for local students and school staff members. The donation program was conducted in BNB.

Later on, when the world-famous Notre Dame de Paris caught fire, Binance CZ initiated donations collecting for restoring the Cathedral. He also suggested raising money for those who BSV’s leader Craig Wright sues and who cannot afford legal expenditures.

Hypocrisy accusations towards Binance

Overall, the community’s reaction to the news has been quite neutral so far. No comments with admiration, congratulations or encouragement have been posted.

One user, however, accused Binance of hypocrisy, saying that donation collecting for major disasters, like the floods in Japan or Notre Dame, are merely self-promotion for those who collect them. He pointed out that wealthy celebrities and companies have already donated enough to rebuild the cathedral. However, he states, nobody collects donations for less well-known disasters, like those in Yemen or Indonesia.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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