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Lightning Torch Reaches Final Destination, Over 0.4 BTC Donated to Humanitarian Aid

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By Adrian Zmudzinski Charity-focused organization Bitcoin Venezuela tweeted on April 10 that the so-called Lightning Torch had reached its final destination, with all accumulated Bitcoin ( BTC ) donated to the group. By the time it got to the organization, the Lightning Torch had grown to exactly 0.4108021 BTC, which is currently equivalent to over $2,000. The Torch is an experiment first initiated by anonymous Twitter user Hodlnaut . The Lightning Torch is passed by sending the same BTC from user to user adding a little every time via the scalability solution, Lightning Network (LN). Bitcoin Venezuela is reportedly responsible for the humanitarian initiative “Bitcoin for Venezuela,” recently reporting it had given away meals to people in the country during a power outage. The organization also seemingly partnered with the donation-funded Locha Mesh Network development initiative . The project aims to develop cheap and open source do-it-yourself device...

World’s Largest Crypto Exchange Binance Announces All Listing Fees Will Be Donated to Charity

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By William Suberg/ Cointelegraph The CEO of world’s largest cryptocurrency exchange Binance said he “hoped others would follow” his decision to donate all listing fees to charity after a sudden announcement Monday, October 8. According to the announcement, beginning “immediately” meanwhile, Binance will not only donate all such fees to charitable causes for the “greater good,” but also allow developers themselves to name the amount they pay, without demanding a minimum fee. “Binance will continue to use the same high standard for the listing review process,” the announcement continues. “A large donation does not guarantee or in any way influence the outcome of our listing review process.” Confirming the news on Twitter, Binance CEO Changpeng Zhao capped a period of controversy surrounding Binance, during which industry sources and users alike criticized the platform for the allegedly exorbitant fees it charges developers to list altcoins. In August, Christoph...