Crypto:
29856
Bitcoin:
$67.826
% 2.21
BTC Dominance:
%52.9
% 0.21
Market Cap:
$2.53 T
% 1.90
Fear & Greed:
76 / 100
Bitcoin:
$ 67.826
BTC Dominance:
% 52.9
Market Cap:
$2.53 T

Cryptocurrency Aid to be Provided for Israel

Cryptocurrency Aid

Cryptocurrency aid to be provided for Israel. A conflict resembling the situation between Ukraine and Russia is currently observing in Israel. As civilians flee their homes due to the ongoing crisis, activists have launched a cryptocurrency campaign to gather aid. Due to the intensification of the Israel-Hamas conflict, organizations such as MarketAcross, Collider Ventures and Blockchain Association launched an international aid campaign called “Crypto Aid Israel” for displaced and needy citizens in Israel.

In the formation of this alliance, there are also multiple organizations that oversee transactions such as multi-signature wallets. Donations can be made with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) through this multi-signature wallet.


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Several Israeli banks and regulatory bodies supervise the donated funds, requiring a minimum of 7 signatures to initiate fund transfers. Non-profit Israeli organizations will receive the collected funds, which they will distribute to families compelled to leave southern Israel.

CryptoJungle CEO Ben Samocha said about this: “We hope to raise the necessary funds to provide food and shelter for families who have lost their homes. In addition, we aim to provide hygiene and medical products to those affected by bombings targeting the civilian population in Israel..”

This aid campaign represents a humanitarian initiative aimed at helping people during the crisis in Israel, and the use of cryptocurrencies is serving as a new method of raising resources for such emergencies.


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