The epidemic is raging, what are blockchain practitioners doing?
“Blockchain practitioners have never been idle; they have just kept a lot of a low profile.”
The epidemic is raging, and blockchain practitioners who have been busy have stopped. What are they all doing? Due to the decentralized nature of blockchain, blockchain practitioners have never been idle; they have just kept a lot of a low profile.
Some of them are actively collecting donations and delivering supplies to help Wuhan; others are self-isolating at home and taking advantage of the “red envelope market” of the Spring Festival to make money.
At the moment of the epidemic, blockchain people are taking action
At the beginning of 2020, the sudden outbreak of the novel coronavirus caught the whole society by surprise. The development of the epidemic is also touching the hearts of people all over the country. In particular, the epidemic is getting worse. The supply of masks, protective clothing, goggles, etc. to ensure the safety of healthcare workers is urgent, and rescue is urgently needed.
There are difficulties on one side, and support from all sides. People from all walks of life lent a helping hand to deliver emergency supplies to Wuhan through various channels. Of course, there is no shortage of blockchain-related businesses and organizations among them. Since late January, the cumulative donation amount has exceeded 40 million yuan.
The top three exchanges started making charitable donations. Taking full advantage of the Group's internationalization, they continue to carry out global procurement, hoping to ship supplies domestically in the shortest possible time.
On the night of New Year's Eve on January 24, Xu Mingxing, founder of Eurotech Group, said, “As long as it is an implementable donation, Eurotech Group actively supports it, and there is no problem with the 10 million level.” Eurotech Group announced the establishment of a special fund at the level of 10 million to support the prevention of the novel coronavirus pneumonia epidemic. On January 29, 100,000 sets of medical supplies donated by Eurotech Group are already in transit and will arrive at seven hospitals in Wuhan, Xianning, Huanggang, Ezhou, Hanzhong, and Hong'an. Subsequent supplies are still being procured.
On January 26, Binance CEO Changpeng Zhao tweeted that Binance promised to provide 10 million yuan (1.5 million US dollars) to help people infected with the novel coronavirus in Wuhan.
Li Lin, founder of Huobi Group, said that the development of this epidemic is beyond everyone's imagination, but China has always had a tradition of uniting people. At this time, confidence is more precious than gold. He also called on caring people from all walks of life to express their love and do their best through various donation channels. Earlier, Huobi Group announced that its Huobi Charity Group will donate 10 million yuan to purchase medical supplies globally.
According to Huobi's official Weibo website, on January 28, Huobi Group has purchased 400,000 pairs of gloves and will deliver them to regions where the epidemic is severe. On January 27, 20,000 personal protective masks purchased by Huobi were delivered to Huanggang City in Hubei Province. This batch of supplies is the second batch of medical protection materials that Huobi Group has shipped since January 27. On January 29, Huobi Group, a leading company in the digital economy and blockchain field, purchased 2,750 medical grade masks and sent them to Hengyang City in Hunan Province via SF Express. Meanwhile, Huobi Group has purchased 45,000 pieces of protective clothing from Thailand and the United Arab Emirates and is expediting delivery to the country.
On January 25, Quchain Technology immediately donated 100,000 N95 medical masks and completed procurement to assist Wuhan in a short period of time. The first batch of 100,000 N95 medical masks will be sent to 10 hospitals in Wuhan.
On the afternoon of January 27, the Qtum Quantum Chain Foundation donated 200,000 yuan to the Hubei Charity Federation to prevent and control the virus epidemic. It is reported that the funds donated will be used to purchase epidemic prevention materials, family benefits for those who died due to the epidemic, volunteer insurance, protective gear and living allowances.
On January 27, Du Xiaoman Finance announced a cash investment of 10 million yuan into the Baidu Epidemic Special Fund to fully support a series of efforts to fight the epidemic.
Ant Financial announced on January 27 that it has decided to establish security benefits for healthcare workers across the country. During the pandemic, if healthcare workers are unlucky enough to become ill with the novel coronavirus pneumonia, they can apply for 100,000 or 500,000 benefits.
On January 28, Cao Jing, founder and CEO of BitMax, posted a microblog saying that BitMax has connected with overseas suppliers of masks, goggles, protective clothing, and infrared thermometers, and that the purchased medical supplies will be used to support Wuhan, the surrounding area of Wuhan and other epidemic-prone areas.
On January 29, according to official WikiLink information, the WikiLink Foundation immediately contacted the Huangmei County Charity Association in Huanggang City, one of the hardest hit areas of the epidemic, and donated 210,000 yuan in cash to purchase epidemic prevention materials such as medical masks, protective clothing, and goggles.
On January 29, according to official Cocos-BCX information, due to the scarcity of related supplies, Cocos-BCX strives to use global resources and actively seek formal suppliers. The first batch donated 1,000 full-coverage goggles to 7 county-level hospitals in Hubei. The second batch of supplies is being prepared, and it is expected that 50,000 medical masks will be purchased from overseas. Cocos-BCX partners and communities are also welcome to join to provide Hubei with financial donations, material donations, reliable supplies, etc.
On January 31, Jianan Technology said it will donate no less than 2 million yuan in cash and materials to areas affected by the current epidemic. As of January 31, Jianan Technology and executives have donated a total of 1.2 million yuan in cash, and plans to donate no less than 2 million yuan in cash (materials) worth no less than 2 million yuan.
Bitwei (Shenma Mining) also stated that it has donated RMB 1 million to the Hubei Charity Federation to support epidemic prevention in Wuhan and Hubei; it has donated RMB 1 million to the Shenzhen Nanshan District Charity Association to support epidemic prevention in Shenzhen and Guangdong. At the same time, we actively cooperate with preparations for medical supplies to be donated; organize special working groups to closely monitor the development of the epidemic and continue to contribute to the subsequent prevention and control of the epidemic.
By contacting hospital volunteers, Gate.io made a targeted donation of protective materials such as 20,000 protective masks, 20,000 latex gloves, 240 sets of protective clothing, and 200 sets of goggles to medical institutions in Danjiangkou City, Hubei. Of these, 600 kg of disinfectant is to be transported.
MXC Matcha says it has opened up procurement channels in Japan, delivered more than 10,000 N90/KN 95 protective masks, and is coordinating more procurement channels.
Bella Fang, founder of the Singapore WBF Exchange, said she will personally donate medical supplies worth RMB 1 million to the Hubei Charity Federation to support the fight against the novel coronavirus pneumonia.
KuCoin says it has raised nearly 1 million dollars internally and is contacting the procurement of medical supplies.
Krypton Capital has raised about 20,000 USDT and completed the first batch of medical supplies procurement.
The Digital Asset Research Institute CIDA has raised a total of 92,198 yuan in internal donations, and external pledges of 210,000 masks and hundreds of medical devices, which are being transported in contact with relevant departments.
Tiger Fu Group has successfully donated 250,000 yuan to Hubei Charity Federation to purchase medical supplies such as masks and protective clothing.
Cocos-BCX, a gaming digital economy platform, announced a donation of 1,000 full-coverage goggles to seven county-level hospitals in Hubei.
The Senbit Foundation announced an initial targeted donation of 10,000 protective masks and 10,000 protective masks in collaboration with ETE Ethereum community builder Jack Liao. Masks were donated to the Organization Department of the Jinzhai County Committee, and protective masks were donated to relevant key hospitals.
The founder of YottaChain has donated 6,000 3M VFlex 1805 materials through the China Red Cross Foundation, with a total value of about $12339.60.
The DSC (Dashi Cash) Consensus Alliance community spontaneously organized the procurement of 400,000 masks that meet medical standards, and will soon be delivered to Wuhan Union Medical College Hospital in one go.
Hangzhou's 33 complicated US dollars pledged 100,000 yuan in capital or equivalent materials.
TOP Network says the first batch of 6,000 medical masks has arrived at Wuhan hospitals, and has also helped several blockchain charitable organizations purchase tens of thousands of N95 masks.
Charity aid for blockchain people is ongoing...
The pandemic spurred a rise in Bitcoin prices
Affected by the raging pandemic, global stock markets generally declined. On the afternoon of January 31, local time in the US, the US Secretary of Health and Human Services declared a state of public health emergency. Following the collapse and collapse of the three major US stock indexes, the Dow Jones index fell by more than 600 points, equalizing all gains since this year.
Meanwhile, gold and silver immediately rebounded. Spot gold rose to 1,589 US dollars, and silver jumped to the 18 US dollar mark.
Over the past few days, the price of Bitcoin has also risen sharply. Since Wuhan was quarantined on January 23, the price of Bitcoin has been rising every day, and the value has risen 10% in less than a week. Its price has broken through and continues to stay above $9,000, the highest level since November last year.
In particular, it broke through the 200-day moving average last week and quickly rose to a high of $9,576, bringing the cumulative increase of more than 30% so far this month.
Meanwhile, mainstream cryptocurrencies such as Ethereum (Ether), Ripple (XRP), and Bitcoin Cash (BCH) have also reaped impressive gains, and other cryptocurrencies have followed suit.
Bitcoin outperformed stocks amid the coronavirus scare, making some experts even more convinced that cryptocurrencies are becoming a safe haven for investment funds.
For some cryptocurrency analysts and enthusiasts, times of global crisis and geopolitical turmoil have become opportunities to explain Bitcoin's price fluctuations.
Cryptocurrency author David Gerard (David Gerard) claims that the cryptocurrency market is “closely linked to internal transactions” and that many Bitcoin whales (whales) have “colluded for years” to manipulate its price. And the pandemic is a great time for hype.
Bitcoin (Bitcoin) may be rising due to “economic fears” about the coronavirus, but analysts came to the conclusion that this was only to some extent as the disease spread.
Currently, concerns about the impact on China's economic growth are surfacing, and global signals also indicate that investors are more cautious about short-term economic growth.
For market analyst Mati Greenspan (Mati Greenspan), this sentiment is already evident. He uploaded a chart of US bond yields, pointing out that one-month performance brought higher returns than longer-term seven-year option returns. “This means investors will have trouble in the short term,” he explained in his comments.
This economic uncertainty and unease about the market often triggers bullish sentiment in Bitcoin. Just like the Iran crisis earlier this month, this is just the latest geopolitical event to spur a rise in Bitcoin's price.
While discussing the impact of the coronavirus, trader Tone Vays told viewers in the latest episode of the Bitcoin Trading YouTube series: “The coronavirus has indeed brought some financial fears, so people are worried that the coronavirus may begin to spread, which will certainly help the rise of Bitcoin rather than hurt it.”
Regarding the current rise in Bitcoin, many analysts believe that the pandemic is only the result of an incidental event. The more important impact is that Bitcoin production was halved in May of this year.
An OKEx analyst said that the main reasons for Bitcoin's rise during this period include the impact of Bitcoin production expectations. We all know that Bitcoin production will be cut around May this year. Historically, every round of Bitcoin production cuts will lead to price increases. Currently, the market anticipates this, which has driven up the price of Bitcoin. This is also a recovery rebound after the market plummeted in the second half of last year. Beginning in the second half of last year, Bitcoin entered a downward channel, falling back from a high of $13,000 to $6,400; after adjustments in December, the Bitcoin market entered an upward channel in January of this year, showing signs of recovery and rebound; the trend during the Spring Festival was a continuation of this recovery and rebound.
Foreign media Coinspeaker analyzed that the Bitcoin halving was one of the reasons for the rise in Bitcoin prices during the Spring Festival. Based on the experience of previous years, the price of Bitcoin will rise as it is halved. However, people have different opinions about the specific reason. Some people think that the price of Bitcoin is rising due to the imbalance between supply and demand caused by the halving, while others think that the halving will not change the price of Bitcoin, but the media attention caused by the halving will affect the price.
In addition to this, according to Coinspeaker's analysis, the novel coronavirus pneumonia epidemic in China and the Brexit incident are also important reasons. According to reports, the current medical emergency has led to a rise in the price of Bitcoin, and this problem has spread all over the world, and many investors are using Bitcoin as a safe haven. On the other hand, concerns about Brexit have also led to higher prices. Britain has withdrawn from the European Union, but no agreement has yet been reached. As negotiations continue, many people have doubts about the development of the two sides thereafter.
According to a former Goldman Sachs executive, Raoul Pal (Raoul Pal), now the CEO of financial media company Real Vision, said in a Twitter comment that he believes Bitcoin is an ideal asset to hold for the next ten years because it “incorporates all the larger macro-perspectives,” citing his previous view that the world will shift, that is, digitalization as an alternative to financial systems. (Earlier, a Real Vision executive said that Bitcoin is basically an option for future finance) He added that from a pure risk-reward analysis perspective, Bitcoin “trumps everything.”
Source: In-chain reference
