🚀 Roswell City Receives First Bitcoin Donation for Strategic Reserve
#Roswell #BitcoinDonation #StrategicReserve #Satoshis #EmergencyFund #WaterBillSubsidy #DisasterResponse #NewMexico #BTC
According to PANews, the city of Roswell in New Mexico has officially acknowledged its first Bitcoin donation, totaling 3,050,323 satoshis (approximately 0.0305 BTC), valued at around $2,906 at the time of receipt. This donation is intended as 'seed funding' to initiate and establish the 'Roswell Strategic (Bitcoin) Reserve,' managed by the city government.
The official documents outline that the fund will be held for at least ten years to accumulate Bitcoin donations and sponsorships. Once the fund reaches a threshold of $1 million, it can be utilized as a 'Bitcoin Emergency Fund,' with 21% accessible every five years, contingent upon unanimous approval from the city council.
The primary focus of the fund is to subsidize water bills for local senior residents and to support emergency disaster response efforts.
The donation was officially received on April 29, confirmed by Roswell's Acting Mayor Juliana Halvorson and Bitcoin certification expert Guy Malone. The donation address has been made public.#Roswell #BitcoinDonation #StrategicReserve #Satoshis #EmergencyFund #WaterBillSubsidy #DisasterResponse #NewMexico #BTC
🚀 Binance CEO Richard Teng: Binance is Committed to Making Crypto Safer and More Accessible for Everyone
#Binance #CryptoSafety #RichardTeng #ScamPrevention #EmergencyFund #ProofOfReserves #Security #RiskManagement #Collaboration #AntiScam #Accessibility #BNB
During the CEO Connect: June Edition AMA with Binance CEO Richard Teng, when asked about how Binance is working to make crypto safer for everyday people amid losses and scams in the industry, he responded that safety within the crypto space is something that many people worry about, and that scams are not an issue specific to the crypto industry. He brought up Binance’s $1 billion SAFU emergency fund and monthly Proof-of-Reserves reports, but also highlighted Binance’s industry-leading security and risk management infrastructure, collaboration with external partners and Binance's nine-level anti-scam control framework that helps protect users from evolving threats by alerting them when their assets might be at risk. He also shared how Binance worked with US and Taiwan law enforcement agencies to take down a notorious darknet narcotics marketplace called Incognito Market, adding “that’s one example, but there are many such cases we've worked on. Effective security takes collaborative effort, and we’re committed to doing our part to make crypto safer and more accessible for everyone.”#Binance #CryptoSafety #RichardTeng #ScamPrevention #EmergencyFund #ProofOfReserves #Security #RiskManagement #Collaboration #AntiScam #Accessibility #BNB