The new coronavirus is spreading over China and other Asian countries. Currently, there are about new 650 confirmed cases in the last couple of hours. The total number of infected people is over 12000. Several Chinese cities are separated. Many companies and individuals over the world are now trying to help victims.
The country is doing its best to solve the problem of the lack. Charitable organizations around the world are also ready to help China and there as been an unprecedented surge in activity from philanthropists and sponsors.
The active leader of the largest cryptocurrency exchange Binance Changpeng Zhao complained that he would help the country in fighting against the virus. The charity arm of his firm, Binance Charity Foundation, allocated a truck to help victims of the coronavirus.
Earlier today, Changpeng Zhao tweeted a letter from the Wuhan government with thanks for the donations.
Got a thank you letter from Wuhan government to @binanceBCF for supply donations.
— CZ Binance (@cz_binance) February 1, 2020
As members of the community note, posting such a tweet is more like a marketing ploy.
However, as noted by other users, if you do not write about it, people begin to blame that you are selfish and not generous. Also, showing how much help you have is like encouraging others to help.
History Repeats Itself
Previously, Tron cofounder Justin Sun again got into an unpleasant situation due to the peculiar approaches to marketing his cryptocurrency.
— Justin Sun (@justinsuntron) January 28, 2020
This angered Twitter users, and they created comments to show CEO their unhealthy love of hyping on the tragedy.
However, the founder of TRON and CEo of BitTorrent is yet to get any appreciation letter for his own generous action to victims of conronavirus in Wuhan.
Indeed, the absence in Sun’s tweets for the company he heads is an event so rare that it is already becoming an occasion for discussion. Therefore, Twitter users liked Sun’s comment with the wishes of the speedy recovery of CEO Binance Changpeng Zhao just because he did not contain references to Tron.
How Does Coronavirus Affect Cryptocurrencies
China is one of the main players in the cryptocurrency market; the country has a tough administrative system that operatively solves any problems.
If the epidemic gets out of hand, the consequences could be the most serious, given the high level of corporate defaults. The regulator will have to introduce tough measures, restrictions not only on the movement of people but also on capital.
Therefore, cryptocurrencies will be able to get the support of hundreds of millions of new users who are simply physically limited by transactions with fiat currencies. At the same time, the mining farms can stop and the difficulty of the network will drop, which will be used by other countries.