Mar 22, 2020 18:30 UTC
Mar 22, 2020 at 18:30 UTC
Italy’s Red Cross Launches New Bitcoin Fundraising Campaign To Fight Coronavirus
The Italian Red Cross is now finding Bitcoin donations to buy emerging medical equipment after its first ever cryptocurrency initiative smashed its goal within 3 days.
On March 12, 2020, Italian Red Cross had launched its first Bitcoin fundraising campaign to purchase an advanced medical post in order to pre-triaging coronavirus cases.
Italy’s Red Cross Cryptocurrency Fundraiser Smashes Target in 3 Days
Just after 3 days, Red Cross declared that its goal of around $10,710 had been reached and that it had started buying the materials required to deploy the pre-triage facility. After accomplishing its first goal this quick, the Red Cross has continued its BTC fundraising campaign.
The charity firm has now set a goal of about $26,000 for buying equipment for emergency operations, for instance, a defibrillator with a vital signs monitor. At the time of writing this post, the new campaign has raised almost 75.7% of its target from 55 donations. The Red Cross has deployed about $20,000 by far. The Dutch Red Cross additionally accepts Bitcoin donations.
Cryptocurrency Community Fighting Coronavirus
The crypto-community has launched as well as supported many initiatives that assist worldwide efforts to combat the coronavirus. [email protected], which is a platform diverting donated computational power toward medical research, has found support from many cryptocurrency projects, including Tezos, who have diverted about 6,000 GPUs previously used to mine Ethereum toward the project.
On March 14, 2020, Gitcoin, the ETH-based development crowdfunding platform, announced it had pledged at least $50,000 in grant funding toward public health initiatives giving contribution to fight Novel Coronavirus. The platform hoping to secure about $100,000 to fund grants.
Be Cautious About Cryptocurrency-based COVID-19 Scams
Many opportunistic scammers have found a way to capitalize on the widespread COVID-19 panic while using digital currencies to obfuscate their tracks. On March 19, 2020, Chester Wisniewski, a cybersecurity researcher, reported that scammers have been impersonating the WHO to solicit BTC donations through email.
On March 13, 2020, Domaintools, the cyber threat researchers, identified that the website, coronaviruapp.site, infects a lot of users’ devices with coronavirus-based malware under the guise of offering a thermal map illustrating the spread of the Novel Coronavirus.