Tel Aviv's Crypto Innovators Launch Lifeline 'Crypto Aid Israel' To Support Crisis Hit Israelis
Portfolio Pulse from Bibhu Pattnaik
In response to the escalating conflict in Israel, the Tel Aviv crypto community has launched a Crypto Aid Israel initiative to gather funds for Israelis affected by the conflict. The initiative includes a multi-sig wallet that accepts contributions in Bitcoin, Ethereum, USDT, and USDC. Fireblocks is providing expertise in managing these crypto assets. The initiative is being supported by notable figures in the Web3 community and is working with a premier Israeli bank and several government departments to distribute the funds.
October 10, 2023 | 9:21 am
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POSITIVE IMPACT
The Crypto Aid Israel initiative accepts Bitcoin donations, potentially increasing demand for Bitcoin.
The initiative's acceptance of Bitcoin as a form of donation could lead to increased demand for the cryptocurrency, potentially driving up its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Crypto Aid Israel initiative accepts Ethereum donations, potentially increasing demand for Ethereum.
The initiative's acceptance of Ethereum as a form of donation could lead to increased demand for the cryptocurrency, potentially driving up its price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70