Donation

During the first 5 months of this year, the amount of damage caused by crimes related to digital currency amounted to about $1.4 billion, according to CipherTrace research.

While most of the world is in a lockdown due to the COVID-19 pandemic, many people have lost their jobs or sources of income. While searching for a way to improve the situation, it is rather easy to fall victim to a fraudulent scheme.

The number of scam projects seems to grow proportionally to COVID-19 cases. Now, scammers are posing themselves as the National Health Service (NHS) to trick the citizens of Great Britain out of their cryptocurrency.

The spread of COVID-19 around the globe, as well as its influence over all industries including cryptocurrency, has caused its major players to join forces and combat the disease under the #CryptoAgainstCOVID hashtag.

Fraudsters are actively taking advantage of the worldwide coronavirus pandemic. Three cities in the UK, Manchester, Pembrokeshire, and Norfolk, have already issued scam alerts against new schemes.

The Dutch Red Cross now accepts bitcoin and other cryptocurrency donations to combat the consequences of COVID-19. This move was probably caused by the need to increase the amounts of donated funds to boost research.

With Coronavirus spreading around the world, innovative technologies including cryptocurrency and distributed ledger tools are being used to fight this enemy. In addition to management through the use of distributed ledger technology (DLT), blockchain companies are also trying to calm down the disease through service launches and donations.

Blockchain, the main "enabling" technological revolution of recent years, is also changing the donation industry.

Bitcasino.io has become the first blockchain platform to undertake the trending #teamtrees campaign. In its bid to fight for a more sustainable planet amid climate change tensions, the platform has pledged funds for an estimated 101,010 trees.