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Animoca Brands, Cobo, and Crypto.com Join Efforts in Crypto Charity Drive for Hong Kong Fire Relief

Animoca Brands, Cobo, and Crypto.com Join Efforts in Crypto Charity Drive for Hong Kong Fire Relief

Crypto.com pledges HK$10 million to support Hong Kong Red Cross-led Tai Po fire disaster recovery, joining other blockchain firms in collaborative relief efforts.

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Summary

Crypto.com has announced a HK$10 million donation to the Hong Kong Red Cross to aid victims of the Tai Po fire and bolster rescue operations. This contribution follows earlier initiatives by Cobo, which donated HK$1 million in stablecoins and launched a public charity wallet, and Animoca Brands, which promoted cryptocurrency-based global donations via EVM-compatible and Solana wallets. All donations are converted to Hong Kong dollars and directed to the Hong Kong Red Cross for relief and rebuilding efforts.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the U.S. dollar.
  • EVM (Ethereum Virtual Machine): A blockchain software environment enabling smart contracts to run on Ethereum-compatible networks.
  • Solana: A high-performance blockchain known for fast transactions and low fees, used for decentralized applications.