CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$49,930.00
  • ethereum
    ETH$1,659.15
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » BitMEX Donates $2.5 Million To Bill Gates’ Foundation And Others To Help Against COVID-19

    BitMEX Donates $2.5 Million To Bill Gates’ Foundation And Others To Help Against COVID-19

    Author: Mandy Williams

    Last Updated May 26, 2020 @ 21:25

    HDR Global Trading Limited, the owner of leading derivatives platform and crypto exchange, BitMEX, has announced its support in the fight against the novel Coronavirus (COVID-19) pandemic through a COVID-19 Response Fund that is worth millions. 

    As of Monday morning, April 20, the number of confirmed cases of the pandemic across the world has reached 2,414,098 with 165,153 deaths. The figures continue to surge as researchers and scientists are still struggling to solve the COVID-19 challenge and find a solution. 

    BitMEX Donates $2.5 Million

    BitMEX Exchange said in its announcement today that it has donated $2.5 million to four non-profit organizations around the world to support the global efforts in response to the outbreak. 

    arthur_hayes
    BitMEX CEO Arthur Hayes. Photo by: Arthur Hayes

    The non-profits, Gates Philanthropy Partners, Nuclear Threat Initiative (Biosecurity Program), OpenMined, and Our World in Data (OWID), would receive grants between $300,000 and $1,000,000. The four organizations were selected as they are leading the efforts in the fight against COVID-19. 

    Gates Philanthropy Partners include The Combating COVID-19 Fund and The Therapeutics Accelerator Fund. While the former focuses on creating vaccines, diagnostics, protecting vulnerable people in Africa and South Asia, the latter is finding an effective treatment for the virus. 

    The Nuclear Threat Initiative is an independent non-profit with a biosecurity team. The organization is working to identify the countries that are most vulnerable to the Coronavirus through the use of their Global Health Security Index. 

    OpenMined is a community providing free, open-source education and support to COVID-19 app developers so they can adequately protect user’s data privacy. 

    Our World in Data (OWID) focuses on research and data that are relevant to the world’s biggest problems. The non-profit is currently gathering and publishing updated information about the COVID-19 pandemic.

    BitMEX believes that granting these organizations access to more funding would help scale up their response in tackling the virus as well as reducing the risks of major pandemics in the future. 

    Commenting on the development, BitMEX’s CEO and co-founder Arthur Hayes said:

    We are committed to thoughtful grantmaking and ensuring that our actions during the COVID-19 crisis can make the biggest impact now and in the future. We have, therefore, decided to make grants totaling US$2.5 million to four organizations that are making a tangible difference in tackling COVID-19 as well as mitigating global catastrophic biological risks.

    Jack Dorsey Donates $1 Billion

    As companies and entrepreneurs continue to donate funds and supplies to the fight against COVID-19 pandemic, Twitter CEO Jack Dorsey announced last month that he is contributing a hefty fund to the cause. 

    Dorsey, who is a famous Bitcoin proponent, transferred $1 billion of his Square Equities to Start Small LLC to fund the global COVID-19 relief. According to him, the amount represents 28% of his net worth. 

    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • Moderna COVID-19 Vaccine News Sends Bitcoin To a New 2020 High
    • us_bitcoin_cover
      Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors
    • trump_cover
      Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?
    Read more on: BitMEX Coronavirus (COVID-19)

    About The Author

    Mandy Williams View more posts by this author

    Mandy Williams is a freelance writer and a crypto fanatic. Mandy believes in the disrupting power of cryptocurrencies and blockchain technology; hence she's on a mission to help spread the good news about the crypto industry. She loves teaching and currently pursuing a career in marketing. Contact Mandy: Twitter

  • bitcoin
    BTC$49,930.00
  • ethereum
    ETH$1,659.15
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    pionexb
    2local
    Bitcoin Editorials
    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!