Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations’ Sustainable Development Goals initiative, according to a press release published September 21. The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.” It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative aims to achieve a series of targets by 2030. Per the announcement, the SDG Impact Fund will be launched by financial services firm Fifth Element with the aim …

China plans to implement blockchain as part of an overhaul of its charity tracking system, the country’s Ministry of Civil Affairs (MCA) revealed in its action plan Monday, September 10. As part of the latest initiative involving the use of blockchain tech at a state level, the MCA’s four-year plan through 2022 pledges to “explore the use of blockchain technology in charitable donations, charity tracking, transparent management” and elsewhere. Officials will also “build a tamper-proof charity organization information query system and enhance the authority, transparency and public trust of information publishing and search services.” Blockchain will take priority within the …

There has been a lot of discussion about how cryptocurrencies and blockchain can transform the world’s economy — leaving paper money behind and going truly digital. Indeed, many crypto businesses are pursuing solutions which can eradicate inefficiencies in practically every industry, positively affecting the goods and services we use every day. But away from the profit margins, is there any way that blockchain can be a force for good? Some not-for-profit organizations — as well as companies and individuals who want to give back to the community — have shown that there’s a promising future in which this technology can …

Can’t you donate crypto to good causes already? Yes – but not-for-profit organizations are always exploring new ways of attracting support from the crypto community, and demand is growing. Charitable giving allows investors to help causes they are passionate about – and if their cryptocurrency assets rise in value, donations can be used in some countries to eliminate the capital gains taxes they would need to pay on the appreciation. According to a report by Fidelity Charitable, 2017 was a record year for crypto donations. This organization received $69 million in cryptocurrencies like Bitcoin, and claims this was almost 10 …

Co-founder of BitMEX crypto exchange and an Oxford graduate Ben Delo has become Britain’s youngest self-made billionaire, Daily Mail reports July 2. Aged 34, Delo, who founded BitMEX in 2014, told Daily Mail that he used to spend 18 hours a day to build his platform. His work has apparently paid off, as BitMEX is currently one of the largest crypto exchanges in the world with a daily trade volume of around $2 billion, according to data from Coinmarketcap. “I have had my nose down in a start-up for the past four years. I was doing 18-hour days at one …

The Sacramento Kings basketball team has teamed up with a crypto mining hardware firm to install mining machines in an indoor arena, with the crypto earnings funding a scholarship program, local news outlet The Sacramento Bee reported yesterday, June 28. The Kings have partnered with company MiningStore for the installation of Ethereum (ETH) mining machines in Sacramento’s Golden 1 Center. All crypto proceeds will go to multi-year scholarship program MiningForGood, which the Sacramento Bee describes as a charity for tech education and workforce development in Sacramento. The first recipient of funding from the Kings will reportedly be an initiative for …

CEO of cryptocurrency exchange Coinbase Brian Armstrong has announced the launch of a charitable initiative to “financially empower people by distributing cryptocurrency globally,” according to a blog post published June 27. The non-profit initiative GiveCrypto.org intends to raise funds from crypto owners and distribute small amounts to people who live in emerging markets, more specifically to those going through financial crisis. According to the announcement, the initiative aims to “help people in need by sending money to them directly,” “advance real-world usage and benefits of cryptocurrency,” and “provide universal access to an open financial system.” Armstrong wrote in the blog …

Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26. Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in Tanzanian capital Dar es Salaam. KryptoPal will set up a public key and go through Know Your Customer KYC guidelines and background checks for each help2kids project. The year-long pilot program for crypto donations with help2kids will allow all funds to be traceable, allowing donors to track their donations “until …

UNICEF Australia announced yesterday, April 29, an initiative that allows users to give over their computer’s processing power to mine cryptocurrency as a donation to the charity. We're excited to launch The Hopepage. This innovative website allows you to easily donate some of your computer processing power to generate #cryptocurrency and fund life-saving aid for children in crisis. #UNICEF #ForEveryChild https://t.co/rPXCnTcahy — UNICEF Australia (@unicefaustralia) April 29, 2018 Tony Andres Tang, the digital brand and content manager of UNICEF Australia, told news outlet ITnews that they “are transparent in the fact [they] are borrowing a computers' processing power, and provide …

East Africa-based charity GiveDirectly has expanded into cryptocurrency with a $1 mln donation in crypto tokens from decentralized payment network OmiseGO, it announced Tuesday, March 27. The donation, which OmiseGO contributed together with Ethereum cofounder Vitalik Buterin, will see GiveDirectly continue an experimental scheme aimed directly at refugees, providing 12,000 grants to families in Uganda. A pilot scheme has already seen 4,400 families receive $650, TechCrunch reported Tuesday, with the cryptocurrency experiment increasing the self-sufficiency of the process and reducing reliance on intermediaries. “This is a major new chapter for us, entering the humanitarian space with a service to give …

CharityStars is an online fundraising auction platform for the nonprofit sector that launched a series of auctions with prominent leaders in the Blockchain space. The auctions which will be closed on Dec. 18, include meetings with Dr. Julian Hosp, co-founder and President of TenX, Ryan Taylor, CEO of Dash, Brock Pierce, chairman of the Bitcoin Foundation, Erik Voorhees, CEO of ShapeShift, and more. “We believe that joining forces with such reputable leaders will not only draw deserved attention to the charities in need but also highlight the staggering benefits that this emerging technology can bring to the nonprofit sector.” Francesco …

Many articles have featured adult merchants that have started to accept bitcoin as payment for their products or services. Donations to churches and charity can be made with the same crypto currency. But what about a child, who prefers virtual money and wants to engage his friends? Andrew Karam is just 9 years old, but has gained a powerful background in digital fiancé. He is the proud owner of bitcoins. His first idea was to request shares in Apple instead of some toy that will lose it attractiveness in some days. Andrew prefers to play with funds. Just before bitcoin …