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Leading DeFi Charity Platform MUNCH Unites the Crypto World with a New ‘Charity Circle”

Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’

press release

PRESS REELEASE. Charitable company MUNCH will lead a philanthropic effort called Charity Circle, which will donate to charitable global causes using ETH.


13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, Charity Circle will trustlessly and automatically donate to the current charity selected by the Munch community.

MUNCH and Partnerships

MUNCH is a DeFi cryptocurrency that uses blockchain technology to build in giving back as an inherent part of every interaction. Automated, trustless donations made from transaction fees. MUNCH has donated over $3M to community-chosen charities. The project are official partners with TheGivingBlock and recently became the first crypto partner with charity: water, joining major corporations such as Google and Amazon.

Charity Circle

Munch is now introducing ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, which will trustlessly and automatically donate to the current charity selected by the Munch community. All proceeds from charity are recorded on an immutable blockchain, and verified by charity partners (e.g. Givewell and Charity Water

Since launching the Charity Circle, Munch has managed to sign up 7+ established crypto DeFi projects to join the philanthropic movement with more projects in the pipeline. The first announced partner is the BankEth token, which just made a $10,000 donation to charity: water through the MUNCH Charity Circle.





Crypto projects will be featured in a leaderboard, showing how much they contributed to the community-chosen causes with top contributors being invited to an AMA with MUNCH and charity partners.

Munch COO, Mike Si said of the announcement:

“We’re starting a new movement that encourages established and emerging players in the crypto space to give back and help others in a very simple way; it can be one-off donations, or a % automated from project fees and operations. Our on-chain contracts will ensure that funds are processed securely. This will make MUNCH an important hub for crypto giving.

These initial partnerships are the start of a major step forward for the adoption of cryptocurrencies into more mainstream use.”

This initiative enables crypto projects to donate automatically and trustlessly to accredited and vetted charitable causes. By leveraging the technology and status of MUNCH, giving back can become part of any project. Donations will be sent to the MUNCH charity partners of your choice, selected by your community from a short list. Currently, Munch is supporting charity: water, with over $150,000 in donations already received to fund 15 water projects.

Munch Socials

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Media Contact Details

Contact Name: Jon Fletcher

Contact Email: team@munchproject.io

MUNCH is the source of this content. This Press Release is intended for informational purposes only. This information is not intended to be an investment recommendation or offer to invest.


This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their due diligence. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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I Am Hip Hop TV Redefines Digital Media Distribution Landscape

PRESS RELEASE. February 16, 2024 – I Am Hip Hop TV, a pioneering startup dedicated to revolutionizing digital media distribution, announces its strategic approach to enhancing brand visibility and driving engagement across major social media platforms. With a focus on inciting meaningful user interaction that translates into increased awareness and sales conversions…
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Bank Protests and Holdups Continue to Rise in Lebanon, as Depositors Demand Savings

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings

On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. Although a few Lebanese have been forced to fork over their savings, most of the residents have fled or been arrested without any money.

Lebanon Banks Respond to Protests and Gunpoint Requests from People Wanting Their Savings Back

In August 2019, it became apparent to the world that Lebanon was suffering from a liquidity crisis, and there have been many reports that say financial coverups and U.S. sanctions put Lebanon’s economy in a vice grip. It has been reported that by late 2018, a handful of Lebanese commercial banks froze people’s accounts and by the first week of March 2020, Lebanon said it would default on its Eurobond debt.

The country began seeking restructuring agreements. However, Lebanon’s lira rate diverged from the black market rate in August . A report published in August 2022 details that the “black market rate is what the currency is actually worth now.” In June 2022, Bitcoin.com News reported on Lebanon’s inflation rate surging to 211% which highlighted the economist Steve Hanke, who said the country should leverage a currency board.

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings
Lebanese soldiers who are still able to make a living as enforcers protect Lebanon’s central bank and current politicians.

On Dec. 17, NPR columnist Ruth Sherlock described how poverty-stricken Lebanese have been outside of banks protesting in order to get access to their own savings accounts. In Tripoli, Lebanon at an IBL Bank branch, Sherlock said a 53-year-old woman named Zahra Khaled sat in a wheelchair and would not leave the bank until the staff gave up her life savings. Sherlock reports that Khaled said the bank had frozen “tens of thousand dollars”.

Sherlock explains that Khaled’s protest was “one of the gentler tactics” and that some are using real or toy guns in order to recover their money. The NPR reporter does note that some Lebanese who resort to this tactic only want “what they are owed.” Countless reports, littered all over the internet, confirm Sherlock’s account that says Lebanese bank accounts have been frozen since 2019, since the onset of Lebanon’s economic collapse. In 2020, angry depositors and protests got so bad that the commercial banks armored the fronts of specific branch buildings with steel and cement walls.

Reuters reported in Sept. 2022 that “bank holdups snowball in Lebanon as depositors demand their own money,” as these types of acts have become a normal occurrence in the country. Reuters elaborated that five depositors held up banks in order to access their own funds and some depositors managed to get around $60K, while some people were taken into custody. In Nov. 2022, Al Jazeera detailed that banks in Lebanon reopened for two weeks. Al Jazeera was told by a Lebanese photographer that he had been waiting for a cheque to be cashed for over two weeks.

Sherlock’s reports stated that Khaled had negotiated for hours with the bank staff but they eventually left. Khaled was then taken out by the Internal Security Forces, Lebanese police who are also known as the ISF. Lebanese depositors have protested at banks such as Bank Audi, IBL Bank and Blom Bank. On Dec. 16, Reuters reported that a U.S. court of appeals has decided that Lebanese commercial banks can be tried outside Lebanon.

What do you think about Sherlock’s report that says Lebanese citizens are resorting to trying to get their funds at gunpoint and assembling protests in front of Lebanon’s commercial banks? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Drones, Fertility and Defi –

Drones, Fertility, and Defi — A Look at Alameda Research's Massive $5.4 Billion Portfolio of Investments

A lot has been revealed about the Alameda Research and FTX disasters in the past few weeks. The Financial Times (FT), Dec. 6, published documents that show Alameda’s investment portfolio. It claims the company spent over $5 billion on hundreds investments. Some funds were used for odd investments, such as Ivy Natal, a fertility company, and Brinc Drones, a drone manufacturer.

Alameda Invested in Close to 500 Firms and Projects

In the past two years, FTX 720 spent billions of dollars on investments, sponsorships and deals. At the end of January 2022, FTX looked colossal after it raised $400 million from investors like Softbank Vision Fund 2, Tiger Global, Temasek, Paradigm, and the Ontario Teachers’ Pension Plan Board.

After the Series C raise, FTX was valued at $32 billion and the former FTX CEO Sam Bankman-Fried (SBF) said FTX aimed to expand the firm’s “global reach.” After the revelations concerning Alameda’s balance sheet during the first week of November, FTX and SBF’s quantitative trading firm imploded.

Since then, FTX’s parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies filed for Chapter 11 bankruptcy protection. This week on Dec. 6, 2022, FT released documentation tied to Alameda Research’s investments, which were close to 500 investments that added up to roughly $5.4 billion.

Drones, Fertility, and Defi — A Look at Alameda Research's Massive $5.4 Billion Portfolio of Investments
Genesis Digital Assets and Anthropic received the most funding from Alameda Research.

In addition to FT, The Block’s VP of research, Larry Cermak, exported the entire list of Alameda-based investments into an excel sheet. Cermak also noted that Alameda has made the largest investments in Genesis Digital Assets and Anthropic Digital Assets DA AG. K5 and IEX.

If the data is correct, the documentation shows Alameda spent a lot of money in blockchain projects, foundations, tokens and non-fungible token projects (NFT). These include Hole Tokens and Near, 1inch, Lido. Xterio. Aptos. Polygon for instance received $50,000,000 from Maclaurin Investments Ltd., otherwise known as Alameda Ventures.

Near gathered $50 million from FTX Ventures Ltd., and Maclaurin gave Near $30,000,000. FTX Ventures gave Yuga Labs roughly $50 million and Aptos scored $74.9 million from Clifton Bay Investments, also known as Alameda Research Ventures. Alameda has invested in well-known funds such as the Multicoin Venture Fund II or the Skybridge Capital II.

Drones, Fertility, and Defi — A Look at Alameda Research's Massive $5.4 Billion Portfolio of Investments
Alameda Research founder and former FTX CEO Sam Bankman-Fried (pictured left) and Alameda Research CEO Caroline Ellison (pictured right).

Money was sent to Chinese news companies like Blockbeats and O’daily News. The company invested in Paxos and Starkware, Circles, Fanatics (AxieInfinity), Paxos, Paxos, Paxos, Starkware, Circles, Starkware and Starkware. An Ohio-based produce and vertical farming firm called 80 Acres got $25 million and $11.5 million was funneled to a firm called Geniome.

A whopping $500 million went to the artificial intelligence (AI) research firm Anthropic and $1.5 million went to a fertility venture called Ivy Natal. FT described Alameda’s portfolio as a “disparate bundle of nearly 500 illiquid investments split across 10 holding companies.” The FT author further notes that “FT makes no claim as to the data’s accuracy or completeness” as far as the documentation of Alameda’s investments are concerned.

What do you think about all the alleged investments Alameda made? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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