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 assistance, has established a cryptocurrency emergency relief fund for the affected households, aiming to raise $2 million to provide full assistance.
The wildfires in Los Angeles, United States, have been influenced by the Santa Ana Winds for many years. In the past week, multiple wildfires have occurred throughout California, burning nearly 8,900 hectares, equivalent to about half the size of Taipei City. According to the Los Angeles Fire Department, over 12,000 structures have been destroyed, more than 100,000 people have been evacuated, approximately 450,000 people are without power, and the fires have caused 24 deaths, with the possibility of an increase in the death toll.
Some areas of California have become a sea of flames, with local buildings engulfed in flames.
With the news spreading, donations from various sources have poured into local relief organizations. The Giving Block, which focuses on cryptocurrency emergency assistance, has also established an emergency relief fund for the affected households, with a goal of raising $2 million to fully support those affected. The CEO of The Giving Block, Jared Isaacman, has also generously donated $1 million to the relief fund as a supportive measure to achieve the fundraising goal.
With extensive experience in crisis assistance, The Giving Block has provided cryptocurrency donation assistance in multiple disasters in the past:
– 2023 Maogi Island Wildfires: The company initiated a post-disaster rebuilding fund and donated over $500,000.
– 2024 Hurricane Relief: Raised $1 million for post-disaster relief efforts for hurricanes Helene and Milton, assisting residents on the East Coast of the United States affected by floods and destruction.
In addition to disaster relief, The Giving Block collaborates with thousands of non-profit organizations, such as the American Cancer Society, PETA (People for the Ethical Treatment of Animals), and No Kid Hungry, a children’s nutrition support organization.
The Giving Block collaborating with non-profit organizations.
Cryptocurrency donations in the future are expected to exceed $10 billion within the next ten years, according to a report by The Giving Block in 2023. Vitalik Buterin, the co-founder of Ethereum, donated nearly $5 million worth of Ether (ETH) to Ukrainian refugees affected by the Russia-Ukraine war in April 2022. In summary, using cryptocurrency as a donation method is becoming one of the main modes of global charitable aid. It not only plays a significant role in disaster relief but also has the potential to be a major driving force in the philanthropic field.
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