Typhoon Haiyan: Bitcoin Startup's Philippines Appeal Tops $5.5k
A California-based bitcoin startup has been accepting donations for relief for the typhoon-stricken Philippines. Its efforts appear to be working quite well to raise awareness for the problems the storm has created in the south-east Asian nation. "The Philippines bitcoin donation campaign that we're running got some great coverage from CNN Money which helped kickstart things," says Avish Bhama, CEO of Vaurum, which owns the bitcoin exchange Bitme that is running the donation campaign. "We're raising bitcoins and are donating 100% of the wallet to the Philippines Red Cross. We raised about....
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Aislinn Wish Leoncio-Apilado is a baby in the Philippines who needs a liver transplant. Miguel Cuneta, a bitcoin entrepreneur in the country, wanted to help. Cuneta, co-founder of payment services startup Bitmarket.ph, had already successfully raised enough in bitcoin donations to buy 20 boats for fishers who lost their livelihood in 2013's Typhoon Haiyan. Anxious to demonstrate again bitcoin's potential for doing good, he helped Aislinn's family set up a bitcoin wallet and spread the word on a Facebook group and reddit. Soon 3.4BTC had come in, delighting the family. He said: "Raising....
Gamers united to help with the relief and rebuilding efforts for victims of typhoon Rai, also known as typhoon Odette, in the Philippines. The Philippines, a country that’s already been struggling to get back on its feet because of COVID-19, has been hit by a catastrophic super typhoon. Back on Dec. 16, 2021, the typhoon hit landfall and went on a rampage for four days, leaving 334 cities and municipalities in a state of calamity. As of Jan. 1, more than 4 million individuals were either displaced or injured, with 407 dead and 88 still missing, according to the Philippines’ National....
What comes to mind first during the holiday season? Many are interested in purchasing gifts for friends and family members. Yet, there certainly is a need to give to those in need. During Bitcoin Black Friday, the BitGive Foundation successfully raised $4,850 in Bitcoin for the Save The Children's Philippines Relief Effort directing funds to the Typhoon Haiyan Children's Relief Fund. Bitcoin is simply the easiest way to send in and process donations to organizations providing relief around the world. BitGive Foundation's Executive Director, Connie Gallippi put out the following press....
The relief fund has been used to purchase essential goods like medicines, power generators, and canned food for affected communities in the Philippines. Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16's Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need.The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy and non-profits to distribute among affected communities. There is still about $458,000 worth of....
The boom of modern technology has brought on both positive and negative repercussions to today’s society. Fortunately for a country like the Philippines, this trend has been more beneficial than detrimental to the business sector, given the boom of technology startup companies. As early as 2013, the IT sector has been considered as one of the fastest-rising ones in the country. According to Smart Communications’ chief wireless officer and founder Orlando Vea, there has been a “massive improvement” in the tech startup scene in the Philippines, given the inventive mindset of today’s working....