Blockchain
Qtum Foundation to Plant 100,000 Trees with Binance Charity to Reduce Carbon Footprint
Singapore, Singapore–(Newsfile Corp. – April 26, 2022) – The Qtum Chain Foundation announced that they are partnering with Binance Charity to take part in the “Tree Millions” initiative, which aims to plant 10 million trees worldwide. To that end, Qtum Chain Foundation has donated $100,000 USD to Binance Charity towards planting 100,000 trees.
Qtum and Binance
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Qtum Going Green
Qtum aims to become a completely climate-neutral protocol. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. The Qtum network’s thousands of nodes can be run on devices that consume as little as 10 watts, but a good estimate to go with is 60 watts per node to account for other devices on the network. Qtum estimates that 100,000 planted trees will eventually offset all of the emissions caused since the main network was launched in late 2017, and possibly more.
“This is a very important initiative for us, and we are proud that we are getting the opportunity to do this with Binance Charity,” said Qtum Co-Founder Patrick Dai. “Not only does planting 100,000 trees negate our protocol’s carbon footprint, but it’s also a cool initiative towards a greener and a cleaner future.”
“We’re celebrating April as Earth Month so this timely partnership acts as a reminder to double down on commitments to building a cleaner, healthier planet. Forests are a lifeline to 80 percent of the world’s terrestrial animals and plants, and 1.6 billion people rely on them for their livelihoods. Binance Charity thanks the Qtum team for their commitment to helping vital reforestation efforts and we’re thrilled to see our ambition of 10 million trees planted worldwide come one step closer,” comments Helen Hai, Head of Binance Charity.
Qtum is also a signatory to the Crypto Climate Accord (CCA). Inspired by the Paris Climate Agreement, the CCA signatories aim to focus on the complete decarbonization of the cryptocurrency and blockchain industry. A goal that Qtum will achieve before the earliest-set goals by the accord.
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About Binance Charity
Binance Charity aims to transfer philanthropy by developing a 100% transparent donation platform based on blockchain to build a future where technology innovation is used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind. To date, Binance Charity has supported over 1 million end beneficiaries through various projects.
For more information, visit: https://www.binance.charity/.
About Qtum
Qtum (pronounced Quantum) is an independent blockchain that combines the best parts of Bitcoin and Ethereum. The decentralized and public ecosystem runs using an environmentally-friendly proof-of-stake algorithm. Qtum provides a scalable, EVM-compatible smart contract platform on a UTXO-enabled blockchain.
For more information, visit: https://qtum.org/.
Contact:
Mattias Borg
Business Development Manager
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121735
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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