Crypto relief fund india

The fund, which saw contributions from Vitalik Buterin Ethereum and cricketer Brett Lee, was launched to combat numerous difficulties during the pandemic and has since deployed contributions in relevant fields like COVID ICU beds and rooms for people suffering in rural India. The fund released Rs 1. The healthcare initiative was conceived and developed by Nimith Agarwal. The buses are equipped with thermal scanners, oximeters, ECG machines, and other medical devices and would prescribe basic medication and treatment to people with early COVID symptoms and other diseases such as diabetes, hypertension, cardiovascular disease, and cancer. Besides, three-member medical staff and one doctor will be available on each bus. It is a mammoth task to cover so many villages and reach out to lakhs of people that Swasthya Ghar Tak is taking up.



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India's Crypto Relief Fund


Photo by hilal kh on Unsplash. Cryptocurrency holders and builders from around the world are pitching in funds to help India battle with the rising number of cases in the country, data and tweets from multiple sources show. Thanks for organizing this sandeepnailwal and thanks a lot for pointing this out balajis!

India, home to 1. Oxygen tanks, in particular, have turned into somewhat of a political tug-of-war with members of the ruling party hoarding up supplies for themselves and people who vote for them. But individuals of the local crypto industry have taken notice and are uniting others for the cause.

I have a few channels via which we can strive to get Oxygen, food, probably vaccines and more to the needy ones. The tweet was promptly picked up with Balaji Srinivasan, former CTO at crypto exchange Coinbase, who urged his , followers to join in on the movement.

But if all you have is Twitter, help spread the word. Access more crypto insights and context in every article as a paid member of CryptoSlate Edge. Digital payment provider Crypto dot com will be waiving the 3. The collapse of governments and fiat currencies is what many diehard Bitcoin investors hope for; as sadistic as it may seem, they believe a violent dissolution of the institutions that run society will prove the value of a decentralized, global, and digital mechanism for the transfer of value and information.

The lethal Coronavirus has seen an unprecedented spread across the globe throughout the past several days and weeks, leading a vast array of major events like Coachella and SXSW to be canceled or postponed, including multiple crypto events.

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Get an edge on the cryptoasset market Access more crypto insights and context in every article as a paid member of CryptoSlate Edge. On-chain analysis. You might also enjoy Analyst: Bitcoin price likely to crash if European Union edges closer to crisis The collapse of governments and fiat currencies is what many diehard Bitcoin investors hope for; as sadistic as it may seem, they believe a violent dissolution of the institutions that run society will prove the value of a decentralized, global, and digital mechanism for the transfer of value and information.

After Coachella and SXSW, pressure to cancel events mounts following first crypto Coronavirus diagnosis The lethal Coronavirus has seen an unprecedented spread across the globe throughout the past several days and weeks, leading a vast array of major events like Coachella and SXSW to be canceled or postponed, including multiple crypto events.

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SHIB Praised By India Crypto Covid Relief Fund Founder After Donation Helps Vaccine Rollout

According to CoinDesk, the Indian crypto COVID relief fund was founded last month by Sandeep Nailwal, who is also the founder of Polygon, "a framework for building and connecting Ethereum-compatible blockchain networks," its website states. In addition to the Ether coins, CoinDesk also reported that Buterin donated 50 trillion Shiba Inu coin SHIB , after numerous meme cryptocurrency creators donated large amounts of their respective tokens to the Ethereum founder. We have decided to convert the donation slowly over a period of time. One thing we have learnt from Ethereum and VitalikButerin is importance of community," Nailwal wrote in the tweet.

India's COVID Crypto Relief Fund got the lion's share of Vitalik Buterin's digital currency donation, receiving about ETH and 50 trillion Shiba Inu.

Explained: How cryptocurrency is helping with Covid relief in India

The some more here is three million dollars approx. Rs As the country battles the second wave of the COVID pandemic and scores of people gasp for critical oxygen supply, help has poured in from all corners, including from some surprising quarters. Other major crypto donors to the cause include former Australian cricketer Brett Lee, who donated one Bitcoin approx. The fund was initiated by the Polygon previously Matic co-founder, putting up a call to arms to his compadres on Twitter and setting up a website, cryptorelief. Speaking to Tech2, Nailwal explains that his mission with Crypto Relief was to ensure complete transparency and compliance with existing laws, with regards to bringing the donations into the country. However, we realised it was not compliant to go through them, and it would create risks for them as well. All wallet details — including the amounts collected under each cryptocurrency — are available to view publicly.


Explained | India's crypto covid relief fund: What is it and how it works?

crypto relief fund india

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. But supply chain disruptions and regulatory hurdles pose problems. The instruments were to be delivered between September and January

The centers are created in collaboration with district administration and state health department. The centers are: 1.

COVID-Crypto Relief Fund

Ensuring access to reliable and quality health care infrastructure to all is critical to poverty alleviation and equitable development. As the country continues to fight against the pandemic, the Ministry of Health and the SELCO Foundation has taken up one of the largest programs for upgrading public health facilities with solar energy. Through this initiative in the first phase sustainable solar energy solutions and efficient medical equipment will be integrated across healthcare facilities in 10 chosen districts within states of Karnataka, Manipur, Meghalaya, Nagaland and Odisha. The solar energy would be used to strengthen immunization, maternal and child care, as well as basic diagnostics and critical care. The initiative will directly impact a population of more than 5. With improved energy reliability and access, the interventions will help reduce out-of-pocket expenses for end-users, improve staff retention levels especially in remote and vulnerable contexts, change end-user perceptions on the value of public health facilities, increasing footfalls and usage.


The crypto community’s efforts to plug India’s syringe shortage have hit supply-chain hurdles

He has now set another record by making one of the biggest ever donations made by any cryptocurrency personality. But if all you have is Twitter, help spread the word. The World Health Organization said last week that one in every three new coronavirus cases globally is being reported in India. India kicked off May by reporting more than , new cases. Vitalik has donated to the campaign organized by sandeepnailwal of Polygon on behalf of the global crypto community. Sandeep is a reputable person and has excellent accountants pitching in to make sure disbursal of funds is tracked. Nailwal plans to use the funds to get oxygen, food, and hopefully even cover the cost of vaccines for poor people. He also aims to keep matter as transparent as possible for which all the spending will be published publicly for complete clarity.

The India Covid Crypto Relief Fund has garnered a corpus of over $1 billion as of date. But it faces legal and regulatory hurdles.

Regulatory clearances have also been addressed. From Bharatpedia, an open encyclopedia. Discuss Proposed since September Sophie Alexander and Tom Maloney, Bloomberg.


The MaskOn Charity is a cryptocurrency charity fund founded by a group of blockchain industry professionals in Vietnam. It is raising funds to purchase medicine and equipment while the country contends with its deadly fourth wave of COVID MaskOn is the first charity fund of its kind in Vietnam, where crypto is not recognized as legal tender. Nonetheless, Vietnam is among the top three countries in crypto adoption in terms of the percentage of people who have owned or used blockchain-based digital assets, according to data from Statista. Vietnam is grappling with surging infections— , cases and 21, deaths have been recorded in the country as of October 19, according to the Ministry of Health. Before September 28 , many people were restricted from spending time in public areas, particularly in urban hubs.

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Last weekend, Nailwal tweeted he had to do something to help the COVID situation in India, where cases and deaths have been rising consistently and many patients are not getting the treatment they need due to a lack of resources. Nailwal said he had ways to get oxygen, food and vaccines to those in need in the country and asked people to donate tokens issued on the Ethereum network. His first tweet about the relief fund has been shared over 3, times at time of writing and has captured the attention of crypto industry leaders. The vast majority of this has been in ether and ERC, another token that operates on the Ethereum network, but supporters can donate in most cryptocurrencies. All assets will be converted into US dollars. Despite the country considering a ban on owning, trading or otherwise using digital assets, the crypto sector has hugely grown in the country and trading volume and owned assets are accelerating.

Now, Nailwal made an update on their progress. Unlike the organization and Nailwal himself, Buterin can ignore the extra considerations that Indian citizens and entities need to follow to stay within regulations. Buterin said the following on how these funds, previously donated in SHIB, will be used for the benefit of the people in India:.


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  5. Adonis

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