Combating the COVID-19 pandemic - Crypto synthesis April 8

Jack Dorsey creates a $ 1 billion fund to combat the COVID-19 pandemic

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1 Jack Dorsey creates a $ 1 billion fund to combat the COVID-19 pandemic

2 Tesla will use blockchain for the supply chain

3 Binance, accused of stealing $ 850,000 in cryptocurrencies from a user

Bitcoin supporter, Jack Dorsey, a announced that will allocate $ 1 billion to fight the COVID-19 pandemic. The funds, which represent 28% of its assets, will be used by the organization Start Small. This will help in the fight against the virus. Dorsey has announced that it will make public how the funds will be distributed.

Start Small’s first contribution was a $ 100,000 donation to the Food Fund of America. This is a campaign launched by Leonardo DiCaprio and Laurene Powell Jobs dedicated to providing hot meals to vulnerable populations.

Later, Dorsey announced that Start Small will focus on educating girls, health programs and ensuring the minimum income for the population.

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Tesla will use blockchain for the supply chain

Tesla will incorporate blockchain technology into its parts supply chain in China. The announcement was published by blockchain logistics provider CargoSmart, which carried out a pilot project at the Shanghai International Ports Group. The participants were COSCO SHIPPING LINES (COSCO), Shanghai International Port Group and Tesla, Inc.

It is among the first pilot projects with an ocean carrier to perform real-time data exchange with a blockchain operator. The pilot demonstrated both the ease of managing the freight documentation, as well as the efficiency gains for the participants.

Following the success, Tesla has decided to continue using the blockchain application in Chinese transportation management.

Binance, accused of stealing $ 850,000 in cryptocurrencies from a user

According to a report published by ForkLog, the Binance exchange is accused by a user of stealing cryptocurrencies worth $ 850,000.

In November 2018, Binance blocked an account that had cryptocurrencies, at the request of the South Korean authorities. The platform called for additional KYC / AML checks, as part of the funds were stolen from a Korean crypto project. Subsequently, the exchange claimed that it transferred funds from the South Korean police.

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The user claims that he was not informed of an investigation by the South Korean authorities. He also published correspondence with the Korean police stating that there was no request for his funds. Given that Binance has refused to respond to the charge of theft, the user intends to sue the exchange.