{"id":363629,"date":"2023-10-10T13:54:32","date_gmt":"2023-10-10T12:54:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=363629"},"modified":"2023-10-10T13:54:32","modified_gmt":"2023-10-10T12:54:32","slug":"web3-community-launches-crypto-humanitarian-campaign-for-israel","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/web3-community-launches-crypto-humanitarian-campaign-for-israel\/","title":{"rendered":"Web3 community launches crypto humanitarian campaign for Israel"},"content":{"rendered":"<p class=\"p1\">A collective of local companies and leaders in the Web3 space have established a crypto humanitarian campaign for <a href=\"http:\/\/cryptoslate.com\/places\/israel\">Israel<\/a>. Called \u201c<a href=\"https:\/\/cryptoaidisrael.com\/\">Crypto Aid Israel<\/a>,\u201d the campaign aims to raise funds to provide food, shelter, hygiene, and medical products for displaced and affected Israelis.<\/p>\n<p class=\"p1\">According to a press release shared with CryptoSlate, Crypto Aid Israel has launched a multisig wallet trusted to members of the local Web3 community. The wallet is designed to collect donations in multiple cryptocurrencies, including <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> (BTC), <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> (ETH), <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">Tether<\/a> (USDT), and <a href=\"https:\/\/cryptoslate.com\/coins\/usd-coin\/\">USD Coin<\/a> (USDC). The group is currently establishing partnerships with a leading Israeli bank and several government agencies to ensure swift and efficient distribution of the donations.<\/p>\n<p class=\"p3\">The management of the collected financial assets falls under the purview of Fireblocks, a prominent entity in crypto asset security. A policy has been set in place that requires the consent of at least four of the seven signatories to authorize the transfer of funds out of the wallet.<\/p>\n<p class=\"p5\">To safeguard against phishing threats and cyber-attacks, donors are strongly advised to confirm the wallet address on the official Crypto Aid Israel website before donating. This measure is part of a rigorous security protocol designed to ensure the safe passage of resources to the intended recipients.<\/p>\n<p class=\"p5\">A consortium of local leaders in the Web3 space, including 42Studio, <a href=\"https:\/\/cryptoslate.com\/companies\/marketacross\/\">MarketAcross<\/a>, Collider Ventures, and CryptoJungle, backs the initiative. It aims to leverage the potential of blockchain technology to ease the ongoing humanitarian fallout.<\/p>\n<p class=\"p5\">The campaign is a real-time example of how cryptocurrencies can extend beyond traditional financial systems to provide essential aid in crisis scenarios.<\/p>\n<p>For more information, visit <a href=\"https:\/\/cryptoaidisrael.com\/\">cryptoaidisrael.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A collective of local companies and leaders in the Web3 space have established a crypto humanitarian campaign for Israel. Called \u201cCrypto Aid Israel,\u201d the campaign aims to raise funds to provide food, shelter, hygiene, and medical products for displaced and affected Israelis. According to a press release shared with CryptoSlate, Crypto Aid Israel has launched [&hellip;]<\/p>\n","protected":false},"author":759,"featured_media":363626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77644,77252],"tags":[78958,78957],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Web3 community launches crypto humanitarian campaign for Israel<\/title>\n<meta name=\"description\" content=\"Leveraging blockchain&#039;s potential to aid in Israeli crisis, local Web3 companies launch &#039;Crypto Aid Israel&#039; campaign.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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