Binance Donates $1M to Japan Earthquake Relief: You Can Help Too! (2024)

Jul 8, 2018Caroline Harris

Binance Donates $1M to Japan Earthquake Relief: You Can Help Too! (1)

Binance Donates to Japan Disaster Relief:Japan is prone to natural disasters.Located along the world's most active earthquake belt, the country'sseen everything from earthquakes to mudslides.The latest Japanese natural disaster occurredthis weekend. On the night of July 7, a 6.0 earthquake hit Japan. No tsunamiwarning was issued, but the aftermath of the latest Japan earthquake is becoming dire. As a result, crypto exchange Binance has stepped in to help.

Binance Donates to Japan Disaster Relief

Since last Thursday, Japan has experienced heavy rainfall, sparking deadly landslides and floods. Then, on Saturday, the 6.0 earthquake occurred; the time was around 9 p.m.With over 60 dead from the floods, Binance has called on the crypto community to help in the Japan disaster relief initiative. Binance itself has pledged $1M for the victims.Binance Donates $1M to Japan Earthquake Relief: You Can Help Too! (2)In an official post, Binance announced the $1M donation, as well as calling on "crypto friends and partners" to join them. Instructions were provided to those who would like to donate to the Japan disaster relief.

Binance Donates $1M to Japan Earthquake Relief: You Can Help Too! (3)Binance Donates to Japan Disaster Relief: CEO Speaks Out

The CEO of Binance also shared the news on Twitter. There, Changpeng Zhao once again called on Binance'scrypto partners to join them "and help our friends in need."https://twitter.com/cz_binance/status/1015754059222003713

Cryptocurrency Donations: Do They Make a Difference?

It wouldn't be the first time cryptocurrencies were put towards aiding natural disasters or donated for charitable organizations.The Freedom of the Press Foundation, for instance, now accepts virtual currencies as donations.Meanwhile, Ripple is known for making donations, either in dollars or XRP. It donated nearly $30M in XRP to DonorsChoose, $4M to the Ellen DeGeneres WildLife Fund and $50M to Universities for more blockchain adoption.

The Takeaway

Binance donates to Japan disaster relief, and this is something many other financial institutions should do.My recommendation is that if you have cryptocurrencies to spare, you should take Binance up on its offer, and donate to the Japan disaster relief. The country has been through enough, and according to the weather forecast, more is to come.Featured Image: lolik4ever

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Binance Donates $1M to Japan Earthquake Relief: You Can Help Too! (2024)

FAQs

What were the responses to the Japan earthquake 2011? ›

Several countries, including Australia, China, India, New Zealand, South Korea, and the United States, sent search-and-rescue teams, and dozens of other countries and major international relief organizations such as the Red Cross and Red Crescent pledged financial and material support to Japan.

What is the charity for Japan earthquake? ›

Peace Winds got its start in Japan in 1996, and ever since then, our staff in Japan have been living up to Peace Winds' dedication to disaster relief, recovery, and resilience.

What was the humanitarian response to the 2011 Tōhoku earthquake? ›

Right after the disaster, Direct Relief, an emergency response organization, and the Japanese American Citizens League established the Japan Relief and Recovery Fund where they committed 100 percent of all contributions to be used exclusively to help people in Japan in the most productive, efficient manner possible.

How to donate to Japan earthquake 2024? ›

Please visit either of the following websites to make donations to organizations in Japan: Ishikawa Prefecture: https://www.pref.ishikawa.lg.jp/suitou/gienkinr0601.html. Japanese Red Cross Society: https://www.jrc.or.jp/contribute/help/20240104//

Did the US help Japan in 2011 earthquake? ›

As U.S. President Barack Obama repeatedly articulated the intent of the United States to assist Japan in any way possible, the United States provided Japan with swift and large scale assistance immediately after the disaster, including the deployment of the U.S. Forces and the dispatch of rescue teams and nuclear ...

Is Japan still recovering from the 2011 earthquake? ›

From this region, the Japanese authorities evacuated 470,000 people immediately after the disaster. By April 2022, more than 400,000 are back in their new or rebuilt homes. Of the 40,000 who have yet to return, 30,000 lived in the vicinity of f*ckushima and its nuclear plant.

What happened to Japan in 2024? ›

On the first day of 2024, a magnitude 7.5 earthquake was recorded by the U.S. Geological Survey (USGS) near the northern coast of the Noto Peninsula on the west coast of Honshu, Japan. The Japanese Meteorological Agency (JMA) reported the earthquake as magnitude 7.6.

How long did Japan earthquake last 2024? ›

The first day of 2024 brought catastrophe to parts of Japan. At 4:10 p.m. Japan Standard Time (07:10 Universal Time), the land on the Noto Peninsula in northwestern Honshu began to lurch, shaking violently for about 50 seconds.

How many people were homeless after the 2011 Japan earthquake? ›

The Tohoku tsunami produced waves up to 40 meters (132 feet) high, More than 450,000 people became homeless as a result of the tsunami. More than 15,500 people died.

How much did it cost to rebuild Japan after the 2011 tsunami? ›

Japan's Tsunami and Nuclear Disaster Unleashed a $300 Billion Effort to Rebuild a Hinterland.

Who helped Japan after the earthquake? ›

Several countries, including Australia, China, India, New Zealand, South Korea, and the United States, sent search-and-rescue teams, and dozens of other countries and major international relief organizations such as the Red Cross and Red Crescent pledged financial and material support to Japan.

How long did it take Japan to recover from the 2011 earthquake? ›

Has Japan recovered from the 2011 earthquake and tsunami? In July 2011, the Japanese government set a 10-year timeline for recovery with specific targets for clearing debris, restoring infrastructure, and housing. So far, nearly all of the debris from the earthquake and tsunami has been recycled or incinerated.

How much did it cost to rebuild Japan after the earthquake? ›

Japan has said it will cost as much as 25 trillion yen ($309bn; £189bn) to rebuild the country after the deadly earthquake and tsunami. The cost is about 6% of Japan's total economic output in 2010 and is the biggest estimate so far.

What areas were affected by the Japan earthquake 2024? ›

Intensity 6– was recorded in Nagaoka in Niigata Prefecture and in Ishikawa's Nakanoto and Noto. The earthquake was also felt by residents in Tokyo and across the Kanto Region and as far as Aomori Prefecture in the northern tip of Honshu to Kyushu in the south of the country.

How much money was lost in the Japan earthquake? ›

The economic destruction of the “Triple Disaster” was massive: 138,000 buildings were destroyed and $360 billion in economic losses were incurred. This was the most expensive disaster in human history. Japanese response to the earthquake and tsunami was rapid, effective and life-saving.

How did the US respond to the Japanese earthquake? ›

U.S. armed forces were deeply involved in disaster relief efforts in the 2011 earthquake, providing over 24,000 personnel with 24 ships and 189 aircraft. They also provided earthquake aid in Kyushu island in 2016. "All of U.S. Forces Japan remain ready to support our Japanese Allies during this difficult time.

How did the US respond to the Japan tsunami 2011? ›

Within 24 hours of the earthquake, following a late-night phone conversation between then Prime Minister Naoto Kan and President Barack Obama, U.S. military forces began their largest-scale disaster relief and rescue operations with the Japanese Self-Defense Forces through Operation Tomodachi -- "Operation Friend."

How does the Japanese government respond to earthquakes? ›

The government will designate the earthquake as a specified emergency, giving preferential treatment such as extending the validity period of driver's licenses and postponing bankruptcy proceedings, Kishida told officials at a meeting of his disaster response headquarters.

What has Japan done to prevent tsunamis after 2011? ›

Tsunami barriers were constructed both on and offshore, trees were planted along the coastline, vertical evacuation buildings were built to the highest standards and regular evacuation training was introduced. But the sheer force of the 2011 tsunami took many by surprise.

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