Close Menu
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    TopBuzzMagazine.com
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    • Home
    • Movies
    • Television
    • Music
    • Fashion
    • Books
    • Science
    • Technology
    • Cover Story
    • Contact
      • About
      • Amazon Disclaimer
      • Terms and Conditions
      • Privacy Policy
      • DMCA / Copyrights Disclaimer
    TopBuzzMagazine.com
    Home»Technology»Binance Donates $10 Million Towards Humanitarian Efforts in Ukraine
    Technology

    Binance Donates $10 Million Towards Humanitarian Efforts in Ukraine

    By AdminApril 8, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has announced that it will donate $10 million (roughly Rs. 75.5 crore) to Ukraine claiming that the donations are intended to help the ongoing humanitarian crisis in the country. Binance has also launched a fund by the name of — Ukraine Emergency Relief Fund to provide emergency relief through crypto crowdfunding with an official website that people can head to and find out how to donate to the cause.

    According to Binance, $10 million (roughly Rs. 75.5 crore) in donations will be given to major intergovernmental organisations and local NGOs. “The donation will be split between major intergovernmental organisations and nonprofit organizations already on the ground, including UNICEF, UNHCR, the UN Refugee Agency, iSans, and People in Need, to help support displaced children and families in Ukraine and its neighbouring countries,” the exchange said in a press release.

    #Binance is donating $10M to help the humanitarian crisis in Ukraine & @BinanceBCF launched the crypto-first crowdfunding Ukraine Emergency Relief Fund. ????????

    Our focus is providing on-the-ground support. We just care about the people.

    ️ https://t.co/2vLFFbf5ac pic.twitter.com/vNSo9F3x7i

    — CZ ???? Binance (@cz_binance) February 27, 2022

    Changpeng Zhao, Founder and CEO of Binance, said: “Watching this conflict escalate over the past four days has shocked our community to its core. We are proud to have been able to quickly rally our network to provide relief and support on the ground to those in need.”

    “This includes helping provide food, fuel, supplies, and shelter for Ukrainians, which include countless Binance community members. We are using every resource and governmental channel we have to call on world leaders to end this conflict immediately,” said Zhao.

    Meanwhile, Ukraine continues to record a significant inflow of crypto donations with the value approaching $30 million (roughly Rs. 225 crore) with current standing at $27.2 million (roughly Rs. 205 crore) as more well-wishers express their support amid the ongoing Russian invasion. Data provided by blockchain analytics firm Elliptic reveals that the Ukrainian government and NGOs have raised $17.2 million in crypto donations with Binance adding another $10 million (roughly Rs. 75.5 crore) in crypto to take the tally to $27.2 million (roughly Rs. 205 crore).

    Bitcoin donations into Ukraine began piling up when Russia was threatening to proceed with the invasion on February 8. The donations were mainly led by Ukrainian volunteers and hacking groups who have been at the forefront of condemning Russia’s belligerent activity.

    Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

    Read The Full Article Here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Best Prime Day Beauty Deals 2025: Hair, Skin, and Dental Care

    July 9, 2025

    El Salvador-based Tether says it holds nearly 80 tons of gold, worth ~$8B, in a vault in Switzerland; precious metals made up nearly 5% of its reserves in March (Jack Ryan/Bloomberg)

    July 8, 2025

    Boat to Partner With Safari for Launch of Smart Luggage in India During Amazon Prime Day 2025

    July 8, 2025

    Why Jolly Ranchers Are Banned in the UK but Not the US

    July 7, 2025

    Hangzhou, home to DeepSeek and Alibaba, has become a hub for Chinese AI startups, with the suburb Liangzhu emerging as a hotspot for coders in their 20s and 30s (Meaghan Tobin/New York Times)

    July 7, 2025

    Astronomers Discover 3I/ATLAS, Largest Interstellar Comet Yet Detected

    July 6, 2025
    popular posts

    Chanel Doesn’t Make Menswear — Here’s How One Man Styles

    All the News Book Riot Covered This Week

    NASA’s gargantuan Mega Moon Rocket could head to space as

    Over 4% of summer mortality in European cities is attributable

    VOTE: Better Music Scene – Kansas-Missouri vs. Pennsylvania

    The Best ’80s Happy Meal Toys

    Anika Releases New Music

    Categories
    • Books (3,276)
    • Cover Story (4)
    • Events (18)
    • Fashion (2,441)
    • Interviews (43)
    • Movies (2,575)
    • Music (2,853)
    • News (155)
    • Politics (1)
    • Science (4,425)
    • Technology (2,568)
    • Television (3,298)
    • Uncategorized (932)
    Archives
    Facebook X (Twitter) Instagram Pinterest YouTube Reddit TikTok
    © 2025 Top Buzz Magazine. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms of Use and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT