{"id":126385,"date":"2025-04-03T11:16:18","date_gmt":"2025-04-03T11:16:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126385"},"modified":"2025-04-03T11:16:18","modified_gmt":"2025-04-03T11:16:18","slug":"crypto-donations-top-1b-in-2024-gain-traction-after-myanmar-thailand-quake","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126385","title":{"rendered":"Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBinance co-founder Changpeng \u201cCZ\u201d Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency charity efforts.<br \/>\nZhao donated 1,000 BNB (BNB) tokens worth almost $600,000 to the disaster relief funds for the region on March 3, blockchain data shows.<br \/>\nZhao donates 1,000 BNB. Source: BscScan\u201cSent 1000 BNB for the donation for Myanmar and Thailand,\u201d wrote Zhao in an April 3 X post.<br \/>\nThe crypto donation comes after Thailand and Myanmar were hit by a 7.7 magnitude earthquake on March 28, causing severe damage to buildings and widespread flooding.<br \/>\nRelated: 70% chance of crypto bottoming before June amid trade fears: Nansen<br \/>\nAt least 2,719 people have been confirmed dead in Myanmar and 18 in Thailand, with 76 people still unaccounted for, according to the latest figures shared by Reuters.<br \/>\nThe $600,000 donation comes nearly a week after Zhao pledged to donate 500 BNB for the relief efforts, an initial commitment that he doubled. Cryptocurrency-based donations have emerged as a significant lifeline for the region, due to banking restrictions caused by damaged infrastructure.<br \/>\nSource: The Giving BlockCrypto donations exceeded $1 billion in 2024, spurred by increasing digital asset valuations and growing crypto regulatory clarity. About 16% of the donations went toward education, while 14% went toward medicine and health-related efforts.<br \/>\nThe Giving Block has launched a crypto-based emergency relief effort for Myanmar and Thailand to raise $500,000 for the devastated region.<br \/>\nSource: TheGivingBlockThe organization expects crypto donations to reach $2.5 billion in 2025 on growing crypto wealth generation and increasing adoption due to a more favorable political landscape.<br \/>\nRelated: Trump-linked crypto ventures may complicate US stablecoin policy<br \/>\nCrypto donations gain traction for emergency relief efforts<br \/>\nZhao\u2019s donation is a testament to the growing role of cryptocurrency in humanitarian aid, according to Anndy Lian, author and intergovernmental blockchain expert.<br \/>\n\u201cCrypto donations, compared to traditional fiat contributions, offer unique advantages, especially in emergencies,\u201d Lian told Cointelegraph, adding:<br \/>\n\u201cSpeed is a key factor\u2014transactions on blockchain networks can settle in minutes, bypassing the delays of banks or intermediaries, which is critical when time saves lives.\u201d<br \/>\n\u201cIn disaster-stricken areas like Myanmar or Thailand, where infrastructure might be compromised, crypto can reach recipients directly via digital wallets, no SWIFT codes or wire transfers required,\u201d Lian explained.<br \/>\nSource: Anndy LianLian also donated 44 BNB tokens to the relief efforts in Myanmar and Thailand, a move that was publicly praised by Zhao.<br \/>\nEthereum co-founder Vitalik Buterin has been known for his crypto donations. In October, Buterin donated over $180,000 in Ether (ETH) to the biotech charity Kanro.<br \/>\nMagazine: GUN token\u2019s $69M milestone, Pudgy Penguins go to LOL Land: Web3 Gamer<a href=\"https:\/\/cointelegraph.com\/news\/cz-donates-1000-bnb-thailand-myanmar-earthquake-relief?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBinance co-founder Changpeng \u201cCZ\u201d Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126385"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126385"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126385\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126385"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}