Share this article
Bitcoiners Launch Cryptocurrency Relief Fund Following Beirut Explosion
A group of Lebanese expats in Europe organized the Crypto Disaster Relief For Beirut Explosion fund to support those affected by last week's tragedy.
By Leigh Cuen
Updated Dec 12, 2022, 1:41 p.m. Published Aug 11, 2020, 9:22 p.m. 1 min read
Bitcoiners have quickly mobilized to raise relief funds following an explosion that wreaked havoc in Beirut last week. The campaign comes as the Lebanese banking system remains in crisis.
- A group of Lebanese expats in Europe organized the Crypto Disaster Relief For Beirut Explosionhttps://www.cryptofundlebanon.com/ fund, spreading the word on Instagram.
- The site’s tagline: "Embracing Cryptocurrency services to bypass Lebanon’s corrupted financial system."
- This requires manual liquidity, with the help of over-the-counter traders on the ground, to fund local nonprofits like Beit el Baraka and Baytna Baytak, which are both helping people displaced by the blast to find food and shelter.
- Palestinian professor and author Saifedean Ammous, who lived in Lebanon for many years, is also fundraising for Beit el Baraka, plus the Lebanese Red Cross. He has raised several thousand dollars worth of bitcoin so far.
- The nonprofit Kilna Ya3ne Kilna (which means “All for All”) is also crowdfunding with bitcoin for relief efforts, delivering food and hygiene kits to families in need.
Di più per voi
The tokenization platform reported record quarterly revenue but continued to post losses as it invested in growth and public-company preparations tied to its merger with Cantor Equity Partners II.
Cosa sapere:
- Securitize reported record first-quarter revenue of $19.5 million, up 39% from a year earlier, driven largely by rapid growth in its asset-servicing business.
- The company remains unprofitable, with its net loss widening to $7.9 million as it increases spending ahead of a planned public listing via a SPAC merger with...
Top Stories
