The Giving Block Establishes Relief Fund for California Wildfire Victims, Raising $2 Million through Encrypted Donations
California’s devastating wildfires have shocked the world, prompting numerous donations to local relief organizations. The Giving Block, a non-profit organization focused on cryptocurrency emergency aid, has established a crypto emergency relief fund to assist the victims and aims to raise $2 million for this purpose.
Los Angeles wildfire has resulted in over 100,000 evacuations
For years, Los Angeles has been affected by the Santa Ana Winds. Last week, wildfires broke out throughout California, burning nearly 8,900 hectares, approximately half the size of Taipei. According to the Los Angeles Fire Department, 12,000 structures have been destroyed, over 100,000 people have been evacuated, around 450,000 people are without power, and the fires have claimed the lives of 24 people, with the death toll expected to rise.
California has become a sea of fire, with local buildings engulfed in flames
Fundraising target: $2 million, with an additional $1 million from the CEO
Following the news, donations have poured into local relief organizations. The Giving Block, which focuses on cryptocurrency emergency aid, has also established an emergency relief fund for the affected households, with a goal of raising $2 million to assist the victims. The Giving Block’s CEO, Jared Isaacman, has also made an initial donation of $1 million to the relief fund, helping to reach the fundraising goal.
Experienced in crisis relief, from the Maui wildfires to Hurricane rescue efforts
The Giving Block has provided cryptocurrency donations for multiple disasters in the past:
– 2023 Maui wildfires: The company launched a post-disaster rebuilding fund and donated over $500,000.
– 2024 Hurricane relief: Raised $1 million for post-disaster assistance for hurricanes Helene and Milton, helping residents on the East Coast affected by flooding and destruction.
In addition to disaster relief, The Giving Block collaborates with thousands of nonprofit organizations, such as:
– American Cancer Society
– People for the Ethical Treatment of Animals (PETA)
– No Kid Hungry, an organization supporting child nutrition
The Giving Block collaborating with nonprofit organizations
The future of cryptocurrency donations: potentially surpassing $10 billion within 10 years
According to The Giving Block’s 2023 report, cryptocurrency donations are projected to surpass $10 billion within the next decade. Vitalik, co-founder of Ethereum, donated nearly $5 million worth of Ether (ETH) in April 2022 to aid Ukrainian refugees affected by the Russo-Ukrainian War. In summary, using cryptocurrency as a donation method is becoming one of the primary modes of global charitable assistance, not only in disaster relief but also in the philanthropic sector.
(Charitable act performed in secret: Vitalik Buterin quietly donates $5 million to aid Ukraine)
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