Cardano chief weighs in on Trump’s virus plans

Meanwhile, Binance's charity wing launches initiative to raise money to fight coronavirus pandemic

by Paul Muir
Cardano chief weighs in on Trump’s virus plans
US President Donald Trump has pledged to get '"the country opened up and rarin’ to go by Easter." Photo: AFP

Pundits and public health experts alike are reeling at US President Donald Trump’s pledge to get “the country opened up and rarin’ to go by Easter,” whatever the risks of coronavirus may be, Cointelegraph reported.

With Easter less than three weeks away, the president has diverged from the advice of public health authorities worldwide, tweeting on March 24: “Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong!”

While many have responded with shock and concern at what appears to be the president prioritising economic health over public health, Ethereum co-founder and founder of Cardano Charles Hoskinson is not taking Trump’s commitments at face value. In a tweet posted on March 24, he wrote: “Here is my prediction. I could be totally wrong but I think Trump is actually going to shut down the country with a full quarantine at the end of his 15 day guidelines next week. The speculation about reopening is to prevent people from panicking or relocating.”

Hoskinson’s forecast that America is en route to a full-on lockdown was met with some skepticism in the crypto community. 

One pointed to the president’s own vested interests to get the economy back up and running as soon as possible, while another said Hoskinson was crediting Trump with too much ingenuity.

Former Democratic presidential hopeful and cryptocurrency advocate Andrew Yang tweeted his own view on March 24: “You know what will revive the economy? Suppressing and containing the virus. That’s it.”

Earlier today, Binance CEO Chanpeng Zhang argued that the Covid-19 outbreak was likely to set a new bar for the cryptocurrency markets. 

The trillions involved in the Federal Reserve’s unprecedented stimulus package, he claimed, have made a $2 trillion Bitcoin (BTC) market cap with 1 BTC at $100,000 “no longer such a hard to imagine number.”

Crypto Against COVID

Meanwhile, Binance Charity Foundation recently launched an initiative called Crypto Against COVID, which aims to raise money from the broader digital currency and blockchain community in order to combat the coronavirus pandemic, Forbes reported

The foundation, a nonprofit that also goes by Binance Charity, seeks to raise $4 million, which will go primarily toward purchasing medical supplies for countries impacted by the virus, including Italy, Germany and the US. 

To meet this goal, Binance Charity Foundation is requesting $1 million from the crypto community. 

The foundation has already contributed $1 million to get things started, and plans to match all donations until the $4 million goal is reached. 

In the spirit of transparency, all transactions will be recorded on the blockchain (before being converted to fiat) and displayed on the Binance.

All donations, which can be made using bitcoin, binance coin and binance USD, will be used for charity. 

Interested parties can donate by following the instructions on the Binance Charity website.