BTC, DASH and ETH to help hurricane Harvey victims

Bitcoin, Ethereum and DASH raised in order to help hurricane Harvey victims 
30 August 2017   4312

According to nytimes.com, at least 30 deaths and many more injuries are believed to be related to the storm, which has inundated parts of the Houston area with more than 40 inches of rain. Gov. Greg Abbott of Texas called hurricane Harvey “one of the largest disasters America has ever faced”.

Plenty of organizations now help the victims and accept donations. Habitat of Humanity is one of them, however, the company went further and accepts not only USD, but also Ethereum:

Thus, at time of writing, about $7,389 at a $382.93 valuation, has been donated to the cause. According to its website, "100% of the proceeds are donated directly to Habitat for Humanity Texas to fund their long term disaster relief efforts in Harvey's aftermath."

Not only Habitat of Humanity tries to do something victims with the help of the cryptocurrencies. Danny Sessoms, host of a cryptocurrency-themed radio show based in Austin, teamed up with Unsung.org to hold a fundraiser for the Hurricane Harvey victims, as reported by cointelegraph.com. Sessoms accepts donations via Bitcoin and Dash. This effort raised about $50,000.

Moments like these show the real power of this technology and what cryptocurrency holds for the future.
 

Danny Sessoms
Host of a cryptocurrency-themed radio show

Hence, although sometimes cryptocurrencies receive a bad reputation due to their use for illegal purposes, the situations like this show that digital currency can, in fact, be used for good.

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.