New York-based non-profit, Charity: water, has received more than $1 million in BTC donations to its Bitcoin Water Trust within three weeks of the trust's launch. The Bitcoin Water Trust was announced during the 2021 Bitcoin conference in Miami. The initiative attracted attention for its “HODL MODL” treasury management strategy — with the non-profit accepting donations in Bitcoin that it will not touch until 2025. According to the charity’s website, a total of 32.5949 BTC has been donated so far, which equates to more than $1.3 million at current prices. The charity is hoping to leverage the hypothetical gains Bitcoin …

Munch, an up-and-coming decentralized finance (DeFi) project that lets investors give back a portion of their earnings to charitable causes, has officially partnered with The Giving Block — a move that could provide a significant boost to the rapidly growing crypto donations industry. The new agreement connects The Giving Block’s growing community of crypto-ready nonprofits with the Munch network, which allows users to easily donate to causes they care about. The partnership will also enable new nonprofits to accept Munch donations directly and t create a profile on The Giving Block’s fundraising platform. As Cointelegraph reported in early May, Munch …

Charity: water, a New York-based nonprofit with a mandate to bring clean and safe driving water to developing countries, has begun accepting Bitcoin (BTC) donations through a dedicated cryptocurrency fund — a move that could help the organization attract new donors towards its initiative. The launch of the Bitcoin Water Trust allows charity: water to receive and hold Bitcoin donations to fund global water projects through 2025, the nonprofit announced Friday. The fund’s assets will be held entirely in Bitcoin, with the intended execution of water projects also to be settled in the flagship digital currency. “We’ve been encouraged by …

Playboy, the lifestyle and entertainment brand famous for its distinctive logo — among other things, has launched its first collection of five animated NFTs, on a new NFT market placed dubbed “Raretoshi” which is backed by Blockstream’s Liquid sidechain. The NFTs were unveiled during the lead up to the 2021 Bitcoin Miami conference on June 3: Announcing Reimagining the Rabbit: Miami, Playboy’s first collection of animated NFTs, featuring @aylaelmoussa @mbsjq @rek0de @JonNoorlander- Debuting 6.3.21 at Bitcoin 2021 on the Raretoshi marketplace. Video credit: Ayla El-Moussa. Learn more at https://t.co/2JkHnyq3J9 pic.twitter.com/fUSCHuvYuS — Playboy (@Playboy) June 2, 2021 All of the NFTs …

Opportunities for cryptocurrency usage have risen over the years as digital assets have become more well known. One operation, called Endaoment, is aiming to put charitable giving in the hands of the people and recently secured over $2 million to further its endeavor. “Endaoment facilitates tax-deductible giving of cryptocurrencies via its Donor-Advised Funds, a kind of charitable financial account, where donors give assets to charity, and later recommend distributions to non-profit organizations,” said a Wednesday public statement provided to Cointelegraph. “Endaoment also offers Community Funds, a pooled giving opportunity where grants are made around specific issue areas and identified by …

U.K.-based crypto banking platform Cashaa is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the COVID-19 pandemic. According to an announcement from Cashaa on Tuesday, the platform’s "Crypto for COVID" plan involves building a community of crypto users who will give underprivileged families in India the food they need for a month. The firm's India arm Unicas is leading the on-ground initiative and has already helped more than 1,000 families in need. The program has also received support from crypto exchange KuCoin, who pledged to feed 2,000 families. India recently …

The dog-themed race up the cryptocurrency charts came to an abrupt halt on May 12 as a majority of the previously hot meme tokens including Shiba Inu (SHIB) and Dogelon Mars (ELON) saw their prices drop more than 40% with Ethereum (ETH) co-founder Vitalik Buterin emerging as the main culprit behind the selloff. Data from Cointelegraph Markets and TradingView shows that the price of SHIB has fallen 40% and now trades near $0.00002 while the price of Akita Inu (AKITA) has declined 50% and ELON has collapsed by 90%. A number of observant crypto pundits noticed large movements coming from …

Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world. Elongate, a cryptocurrency project that began as a parody of Elon Musk’s reference to the Watergate scandal, has raised $2 million for various food and general support programs via Human Relief Foundation and Give India. The latter is a Covid-19 relief effort in the South Asian country in the wake of a devastating spike in new infections. Some of the biggest Elongate contributors are Children International, Action Against Hunger, The Ocean Cleanup, …

Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive. The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year. The initiative is part of The Giving Block’s mandate of increasing charitable giving and enabling more nonprofits to accept cryptocurrency donations. The Giving Block assembled Founders Circle to promote the initiative and has invited many industry leaders to join. Over the past week, Founders Circle has welcomed four new members, beginning with Ryan Selkis, the founder and CEO of …

On April 30, a virtual benefit co-hosted by American TV star Jimmy Kimmel and NASA engineer-turned-YouTuber Mark Rober raised over $3 million in donations to support NEXT for AUTISM, a charity dedicated to addressing the needs of people with autism and their families across the United States. The interactive livestream featured a wide range of well-known entertainers, comedians, musicians, and athletes, among them Jon Stewart, Conan O’Brien, Chris Rock, Adam Sandler and Charlize Theron. The virtual benefit was also brought a step forward into the digital currency era, with crypto lender Nexo and The Giving Block offering a payment channel …

The Giving Block, a leading cryptocurrency donations platform, has launched a new initiative with the stated goal of making crypto the most charitable industry in the world. The “Crypto Giving Pledge” encourages digital asset investors to pledge at least 1% of their holdings to charities each year and for cryptocurrency companies to contribute 1% of their revenue toward similar causes. Users can join the initiative anonymously and without having to disclose their contributions. If everyone in crypto donated 1% of their holdings to charities, they could collectively raise $20 billion, based on the current market capitalization of digital assets. Alex …

Ethereum creator Vitalik Buterin has contributed 100 Ether (ETH) and 100 MKR tokens to a COVID-19 relief fund for India as the country finds itself embroiled in the virus’s second wave. Buterin contributed to a "crypto-COVID" relief fund set up on the cryptocurrency custodian platform, Gnosis Safe. Public transactions on the Ethereum blockchain show two transactions coming from one of Buterin’s wallets on Saturday. The Ethereum creator sent 100 ETH and 100 MKR to the relief fund, representing dollar values of $220,000 and $400,000, respectively. The donation drive was set up by Polygon (formally Matic) co-founder Sandeep Nailwal. On Saturday, …