Ripple Labs introduced a $ 200,000 donation to 2 completely different nonprofits on March 25. These donations will assist fight the unfold of the coronavirus in the US.
In a tweet published based on Ripple's official profile, the lab acknowledged that $ 100,000 will go to the Tipping Level Emergency & # 39; s Response Fund and the Silicon Valley Group Basis COVID Regional Response Fund, respectively.
The non-profit organizations in California are benefiting from the donation from Ripple Labs
Tipping Level, a San Francisco-based nonprofit, works to combat poverty within the metropolis of California via a community of companions who help the trigger. They hope to boost a complete of $ 1 million for the COVID-19 response initiative.
Then again, The Silicon Valley Group Basis is targeted on limiting the consequences of COVID-19 throughout the Silicon Valley space. It is a very forward-looking transfer at a time when governments around the globe have taken steps to make sure that residents comply with correct social distance procedures.
Nonetheless, scams have additionally appeared that act as a basis for cryptocurrency.
YouTube rip-off masquerades because the CEO of Ripple
A YouTube rip-off earlier reported from Cointelegraph on March 24, consisted of a YouTube account that advised the function of Ripple CEO, Brad Garlinghouse. The account brazenly promoted a fraudulent crypto airdrop.
Garlinghouse Posted a warning through his Twitter account, immediately addressing the rise of scammers through YouTube:
"Sufficient is sufficient – in a time of worldwide disaster, during which persons are notably weak – social platforms should maintain scammers (crypto and in any other case) liable for stealing cash from harmless victims with pretend giveaways."