Some blockchain and cryptocurrency firms have pledged to help victims of the coronavirus in Wuhan, Prc. Cryptocurrency commutation Binance pledged to donate ten meg Chinese yuan ($ane.44 million) to the try.

In a tweet on Jan. 25, Binance CEO Changpeng Zhao said that Binance made the pledge but did non make whatever announcements after a Twitter user tagged him in a news article about cryptocurrency donations being accepted for the crusade:

"For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus victims. We didn't make any announcements. But [Binance Charity Foundation] BCF/Binance team has been busy for the final few days. Still need help to arrange logistics locally."

According to a Jan. 25 WeChat mail past blockchain marketing service firm Krypital, the firm also launched a charity donation effort to acquire medical supplies for Wuhan coronavirus victims.

Krypital also announced that information technology will create a blockchain-based donation organisation that allows for greater transparency and efficiency. The house accepts Tether (USDT) on the Ethereum blockchain.

The visitor is also recruiting volunteers for group administration, material purchase, sorting and transportation management, media announcements and graphic designers.

As Cointelegraph reported, yesterday Bitcoin (BTC) slumped half dozen% on the Chinese New year every bit uncertainty surrounding the spread of the coronavirus. On January. 26, Fox News reported that the current death cost of the virus is 56.