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Record-breaking transaction for Binance Coin
Record-breaking transaction for Binance Coin
Altcoin

Record-breaking transaction for Binance Coin

By Alfredo de Candia - 11 Apr 2019

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Whale Alert reported a record transaction of 28,000 Binance Coin (BNB), or about $514,643, to an unknown wallet.

The Binance Coin transaction is certainly of a significant amount, especially since the wallet is unknown.

Binance’s CEO, Changpeng Zhao, has thus decided to respond to the tweet by addressing the doubts. That wallet, Zhao explained, belongs to the Binance Blockchain Charity Fund, which works to improve the lives of people. Zhao then invited Whale Alert to add that wallet to their database so that they could identify it in the future.

BCF has received a donation from Crypto.com, a Hong Kong company that has a diversified payment platform which includes Visa. The company also allows buying several cryptocurrencies with zero commissions, seeking to be a reference point for entering the crypto world.

To date, Binance Charity has collected over 485 bitcoins (BTC), equivalent to about £2.5 million, from 317 donors including precisely Crypto.com and then distributed them to over 3600 charities, including children’s schools.

The recent increase in the last hours of the price of Crypto.com could therefore also be due to this donation made by the company and confirmed by the CEO of Binance, demonstrating the transparency of transactions.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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