American Company HashCash Consultants Announce Coronavirus Crypto Relief Fund or CFIX

HashCash Consultants is launching Corona Fund Index that allows profitable trade even in a bearish market, being inversely backed by the S&P 500 market index.

hashcash, consultants, coronavirus and covid-19
ADVERTISEMENTSBlockchain Education

Sharing is caring!

HashCash Consultants have announced they are creating a Corona Fund Index Cryptocurrency (CFIX) which will they allege, will allow traders to earn profits even during a bear market by the backing of an inverse Exchange Traded Fund (ETF), which is inversely pegged to the S&P 500 market index. HashCash has pledged 90 per cent of its CFIX trade earnings to its Corona Relief Fund and the proceeds will be donated to various non-profits and organizations that are actively combating the global pandemic crisis.

donate to Blockchain News

Raj Chowdhury, CEO, HashCash Consultants commented:

“The inception of CFIX was motivated by HashCash’s aim to provide financial aid to nonprofits and research organizations battling the COVID-19 crisis. The ETF backing incentivizes CFIX, which benefits not only the traders but enables us to raise more funds for all who are affected by Novel Coronavirus, which is the ultimate goal of this initiative.”

Chowdhury, no stranger to altruistic endeavours, donated the entire proceeds from his self authored Silicon Valley saga and book at Amazon called The Dark Secret of the Silicon Valley: A Billionaire’s Accomplice Confesses his Partner’s Crimes to Asha to fund schools in the villages of India.

CFIX, scheduled for launch on April 2nd, 2020 is paired with USDT (Tether) and HashCash hopes to be listed under major exchanges across the world so that the traders can access it easily. 

HashCash Consultants, founded in 2015 in Fremont, California, are the creators of Blockchain-based financial applications that handle Retail Remittance, Corporate Payments, Trade finance, and Foreign Exchange trading. 

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

Visit Website
View All Articles

Also published on Medium.

advertisementsBlockchain Education
Blockchain Expo North America 2020



BLOCKTV is the premier televised news source for the blockchain and cryptocurrency community. They are a live, 24/7, TV news channel dedicated to premium reporting on the blockchain and cryptocurrency markets.