Binance donates $10 million to support Ukraine (UPD: and sanctions Russians!)

[Imran232]

I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

They not only donated the money to Ukraine; they also made the crypto-first crowdfunding website for further help provided by aid to Ukraine. I am always inspired by this type of thing when the top level people come to help others when they badly need their help. And because of that, top-level people help other people who are also willing to help. They get confidence that they have got a legal source to donate their money to the actual needy people. And when I saw the response from them, it truly inspired me.

[aoluain]

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

Terrible situation to be honest.
As usual, all the oligarchs fled to Europe on their planes, hiding their capital in advance, and all this will bring the most damage to ordinary people. All expenses will be borne, as usual, by ordinary people and innocent people.

It is clear that 10 dollars is a small amount and is significant and will not affect anything, but in general for many it will be support, including moral support.

Its not just the $10's its the power of many many $10's of donations which will add up.

You are right its the ordinary people who will suffer, some more than others, Ukrainians,
then Russians from the sanctions to follow and to a lesser extent Europeans as prices
for everything will increase.

Great donation by Binance and proves again the trustworthiness of that
exchange but it will be interesting to see of it gets covered in mainstream news and
indeed will give Bitcoin ^{and Binance} a positive spotlight.

[famososMuertos]

I think it is fair to think that the political bureaucracy thought that Ukraine was going to give up and enter into talks of a change of government, etc. But it has surprised everyone except the Ukrainians and that attitude has spread to the world, that as in this case they show their contribution, Biance makes it public but donations are being made from many fronts, not everyone takes advantage of the moment, between " ",  Obviously that there is some image to selling here, but it is worse to do nothing.

Regarding individuals in reference to what happens in Russia, like the one you name that matters, it is like my comment, if there is something of interest associated with a donation when it is made public but  the really important thing is the money.

[buwaytress]

Binance Charity, despite all I've said in the negative about them, are at least not sitting on their hands doing nothing.

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

I don't think there's a single regular person on this forum or living the realities of life who does. I hope you are safe. And it's a frivolous question but have you not been saving in Bitcoin? No need to answer, I just put it out there.

No one is out of the woods yet over there, and those of us who can, should support whomever needs help from there. Russian or Ukrainian or Belarussian, it is awful people are caught up in this and forced to wear a label.

[stadus]

Russian people do not want war.
Ukranian people do not want war.
People from Belarus do not want war.
Therefore at the end of the day we have to understand that it's the sick political situation that makes everything worse for people that they end up in a horrible situation. I had to run from Ukraine 3 days back from Ivano frankivsk and stand on the border for hours before they let me in with my 2 cats. What Russia is doing is horrible. All my savings, my house that I rent everything is now gone. I do hope people continue to make sure gracious donations because Ukraine does need it. NATO is not going to help and WW3 can be there any moment, I literally do not know what's going to happen now.

Terrible situation to be honest.
As usual, all the oligarchs fled to Europe on their planes, hiding their capital in advance, and all this will bring the most damage to ordinary people. All expenses will be borne, as usual, by ordinary people and innocent people.

It is clear that 10 dollars is a small amount and is significant and will not affect anything, but in general for many it will be support, including moral support.

Its not just the $10's its the power of many many $10's of donations which will add up.

You are right its the ordinary people who will suffer, some more than others, Ukrainians,
then Russians from the sanctions to follow and to a lesser extent Europeans as prices
for everything will increase.

Great donation by Binance and proves again the trustworthiness of that
exchange but it will be interesting to see of it gets covered in mainstream news and
indeed will give Bitcoin ^{and Binance} a positive spotlight.

I guess from there, having Binance to donate $10 million will already give credit to crypto and bitcoin.  Not surprising really as Binance is used to support projects that are helping in the wake of global disasters way back in 2018.  Hopefully, the war will soon to end as there are already a lot of civilian casualties that suffered most from this war. Putin may be too blind to realized the effects of this war, but at the end of the day, peace and humility should always be the center of all of these.

[o_e_l_e_o]

It's a good example but again the fund is central and people can't check how the donation money is used, I was expecting a multi-signature address but what is done is the database management by binance.charity/

It's great that Binance have donated $10 million, but I don't understand why they are asking people to donate to them. Why would I hand my personal details over to Binance and give them details of where my donation is coming from, for them to no doubt use some of it to cover their administrative costs, before then passing it on to organizations operating in Ukraine with no oversight, when I could just donate to the organizations I want to donate to directly? Even the Ukrainian government have their own crypto donation addresses. Is the whole thing not just set up so Binance can say "Look how great and charitable we are" when in reality it would be better for people to just bypass them and donate directly?

[jossiel]

FTX has given $25 for all of their Ukrainian users.

Hopefully, this donation of Binance will literally go to the exact place where it should go. It's such a big money that there will be uncaught interest from the people that would hold the fund just after it's donated.

They don't have to ask people to donate, it's good if they've donated already and what's done is done. They've given the relief from their own fund and let the people decide if they want to do the same thing as well.

And the same goes for other big exchanges that might donate too.

[freedomgo]

It's a good example but again the fund is central and people can't check how the donation money is used, I was expecting a multi-signature address but what is done is the database management by binance.charity/

It's great that Binance have donated $10 million, but I don't understand why they are asking people to donate to them. Why would I hand my personal details over to Binance and give them details of where my donation is coming from, for them to no doubt use some of it to cover their administrative costs, before then passing it on to organizations operating in Ukraine with no oversight, when I could just donate to the organizations I want to donate to directly? Even the Ukrainian government have their own crypto donation addresses. Is the whole thing not just set up so Binance can say "Look how great and charitable we are" when in reality it would be better for people to just bypass them and donate directly?

Maybe its also a win win scenario though, they got to donate to Ukraine but they also have to announce it to the media how great and trustworthy they are.  But since the Ukraine government itself has its own crypto address, then you can donate directly to them. But i have read those fun raising projects for Ukraine, actually Binance should also be credited for that for being so humanitarian. You can read it here: https://www.binance.com/en/support/announcement/6bce8615076a4173a4738817c597b09e

[marilynmanson21]

salute to binance, being the pioneer of the first exchange to provide assistance to ukraine, 10 million $ very much hope this donation can help our friends in ukraine and hopefully the war will end soon so the economy will get better soon

[gabbie2010]

A nice gesture by Binance one of cryptocurrencies biggest exchange for donating $10 million for humanitarian aid and started a crypto crowd funding geared toward assisting the Ukrainians, this is indeed a welcome development and will go a long way in alleviating some of their problems, kudos to Binance for this sole assistance with all indications this aid will project crypto positively globally consequently triggering more adoption of bitcoin by the Ukrainians who had never use it before, Binance should kindly make donations to other war-torn countries who are in need of humanitarian aids.

[EdenHazard]

A nice gesture by Binance one of cryptocurrencies biggest exchange for donating $10 million for humanitarian aid and started a crypto crowd funding geared toward assisting the Ukrainians, this is indeed a welcome development and will go a long way in alleviating some of their problems, kudos to Binance for this sole assistance with all indications this aid will project crypto positively globally consequently triggering more adoption of bitcoin by the Ukrainians who had never use it before, Binance should kindly make donations to other war-torn countries who are in need of humanitarian aids.

The great gesture from binance has now triggered great gesture from the crypti community around the globe, this is what crypto meant to be , it's the real people power as nobody can really interupt it no matter how , it's totally neutral! Let's shows to the world that what a freedom is really look like .

We are in the correct community , crypto is here to support each other without any intervention.

[lalabotax]

Binance has done the right way to help Ukraine. It doesn't only for humanity's purpose, but it also opens the eyes of each person in the world about the importance of crypto coins. I believe with this action, people won't change their mindset about the bad impacts of crypto coins. They will realize that crypto coins have had a big role in this world.

[TimeTeller]

A nice gesture by Binance one of cryptocurrencies biggest exchange for donating $10 million for humanitarian aid and started a crypto crowd funding geared toward assisting the Ukrainians, this is indeed a welcome development and will go a long way in alleviating some of their problems, kudos to Binance for this sole assistance with all indications this aid will project crypto positively globally consequently triggering more adoption of bitcoin by the Ukrainians who had never use it before, Binance should kindly make donations to other war-torn countries who are in need of humanitarian aids.

The great gesture from binance has now triggered great gesture from the crypti community around the globe, this is what crypto meant to be , it's the real people power as nobody can really interupt it no matter how , it's totally neutral! Let's shows to the world that what a freedom is really look like .

We are in the correct community , crypto is here to support each other without any intervention.

Binance has been showing these charitable initiatives for years already.
This is why a lot of people are trusting this exchange and their reputation is also good in this community.
They have their resources, and it is great that they are allotting some of their profits to the needy people.
And good thing about crypto is they can send it to anywhere in the world without too much restrictions.

[Fundamentals Of]

I've watched an interview on Buterin days ago and there was a passing question regarding Russia's incursion of Ukraine. I cannot remember Vitalik's exact words but in general he wasn't in favor of it.

It feels great that Bitcoin has now taken a different image this time. For sure the public's perception of Bitcoin will now be gradually changed with it being more and more used in times of crisis, with the huge Bitcoin donation to the Canadian truckers to the Ukrainian fight for freedom and its humanitarian struggles.

[Marvell1]

A very honorable act from boss CZ. War is a disease. But at the moment, crypto is becoming official currencies on a cross-border scale. While donations to the people of Ukraine in cryptocurrency are receiving a warm reception from all over the earth. A recent a report by blockchain Elliptic the Ukraine government received more than 8 million dollars from crypto. After this war, countries will definitely reconsider the really important role of bitcoin.

[btc78]

The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

It's a good example but again the fund is central and people can't check how the donation money is used, I was expecting a multi-signature address but what is done is the database management by binance.charity/

Cryptocurrencies have many uses, and it is good that helping people is one of them. times is changing.

this will be the concern here because even that this is a support to the Ukrainian government yet this must be publicized and should be in knowledge of every people in Ukraine because in the end of war the funds must be spent wisely and not to he on Hold of some people in Upper position .

remember that this is crypto and can be kept without the official statement from the receiver .

__________________________________________________

But whatever the outcome still this is a Good start for Binance to urge other entities to Give support to Ukraine as they are facing one of the darkest part of their lives .

[onecall123]

A gesture like this shows the world's support for Ukraine. As a result of Russia's invasion, the support for Ukraine has continued to grow internationally. Additionally, Binance not only donated $10 million to Ukraine's humanitarian effort, but also launched the Binance Charity Fund for Ukraine Emergency Relief. A crypto-first crowdfunding site will further assist in Ukraine's aid. With the crypto money industry also not sitting idle, which made experts more worried about worse cases. In Ukraine and its surrounding countries, the funds will help support displaced children and families.

[worle1bm]

At this time it's not important that crypto will gain good promotion with these helping and Binance would be more popular in the market as it is already but the fact that providing financial support to Ukrainian government for defence and fulfilling basic amenities of the people residing there as it's really tough time for them.It is good to see people, governments,crypto donations are coming in their support and they need it at this time.So nice gesture by CZ by giving out even it benefits him later on.

[Kakmakr]

Well I think that was the worst political decision that they could have made, because that will paint a target on their business for Russian Hackers to hack Binance now. We know the Russia hackers are some of the best in the world and we know Binance is one of the biggest Exchanges in this world. 

I support a world without WAR, because nobody win in a WAR....  but I am not going to paint a target on my business's back.. by angering Russian hackers.   

[avikz]

I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.

It's interesting to see that a business led by a Chinese man extended their support to Ukraine! The matter of fact is, China is just as same as Russia. People from Taiwan and Hong Kong knows that as they are being ruled by Chinese government for the benefit of the mainland China. I wonder if CZ will come out and offer a similar type of donation in future if China engages into a full-scale war with Taiwan. Also it's important to note that China is one of the closest allies of Russia. So CZ must have given enough thought before announcing this donation because it will not make China very happy and CZ may never be able to enter China if Chinese government takes this donation seriously.

No one wants war! But I am happy to see finally EU has decided to throw Russia out of the Swift network and also putting a ban on Russian Oligarchs who supplies money to Putin.