Cryptocurrency Exchange

Australia Bushfire Crisis: Binance Contributes $1 Million to Support Relief Efforts

Binance has come forward to support the ongoing relief efforts in Australia. Binance, through its charity arm Binance Charity Foundation has donated $1 million in BNB token.

The deadly wildfires in Australia have been blazing relentlessly and left many devastated. It has already claimed 10 lives, and many countries all across the globe are coming together to offer monetary and firefighting help. Heart-wrenching pictures of animals are already trending on social media. Over 800 million animals have so far died in just New South Wales and the death toll is likely to climb.

It is interesting to note that Cryptos are playing a vital role towards the charitable and humanitarian relief projects all over the world.

According to the commentators, as crypto tokens are not bound by borders or permissions, they have become the leading tools for offering support to evolving relief efforts.

Binance made the vital announcement of the news via a blog post issued on Wednesday. As per the statement made by the firm, the Binance Charity Foundation has created a new charity project known as the Australia Bushfire Donations for the sufferers of the deadly Australia Bushfire.

Binance CEO Changpeng Zhao said,

Helen Hai, head of the Binance Charity Foundation, said that the company is committed to providing all possible help to the victims of the wildfire in Australia.

Robert McPherson

Robert McPherson is a news editor and strategist at CryptoLeed. He has been in trading and analyzing financial market from last decade. Before getting into cryptocurrencies, he has written news articles and technical analysis on global financial market. He also provides weekly analysis on leading cryptocurrencies analysis and trade alerts.

Recent Posts

Is Boku dominating the UK payment methods space?

Due to its convenience and security features, Boku has become widely adopted as a payment…

5 months ago

Understanding Tron’s consensus mechanism: DPoS in action

Tron is the name of a notable and burgeoning smart contract blockchain platform, with its…

5 months ago

How has Ripple (XRP) evolved since its inception, and what lies ahead?

In a global society that has become more connected than ever before and with technology…

6 months ago

Is Dogecoin dead in 2023? Complete DOGE analysis

Without a shade of doubt, the realm of cryptocurrencies is fascinating yet intriguing and markedly…

6 months ago

Cardano unveils 3 cutting-edge solutions worth your attention

Cardano has officially commenced the open beta phase of its innovative blockchain explorer. This strategic…

6 months ago

Colony Labs’ Index Token Available on Avalanche

Colony Avalanche Index (CAI) is indeed an index token that offers a way to participate…

2 years ago