The company behind the Firefox internet browser Mozilla is attempting to appease its environmentally-conscious community by accepting only Proof-of-Stake (PoS) crypto donations. The company initially halted all crypto donations in January, but has now opened them back up after a review period to assess community sentiments and to conduct research on crypto energy usage. An update to our policy on accepting cryptocurrency donations. We got it wrong, we heard you, and we've evolved. https://t.co/0bSThVJsCC — Mozilla (@mozilla) April 7, 2022 PoS blockchains consume less than 1% as much electricity as Bitcoin, although they vary among themselves in efficiency as demonstrated …
Pledge, a fundraising platform, has created "PledgeCrypto,2/51" which allows non-profits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin, Ethereum, and Tether, and then turn them into fiat money. Fundraising platform Pledge has launched PledgeCrypto to allow nonprofits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), and then turn them into fiat money. Famous music artist and prominent advocate for transgender rights Ariana Grande, who is also the founder of her own charity, Protect and Defend Trans Youth Fund, has offered to match up to $1.5 million in donations. …
As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake, and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name "vitalik.eth", which served as the origin of the transfer. .@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine 2 days ago, and didn't say a word! He's also …
The United Nations High Commissioner for Refugees (UNHCR), a UN agency for refugees, has accepted its first-ever crypto donations toward humanitarians aid for Ukrainians fleeing the war-torn nation. UNHCR accepted $2.5 million in Binance USD (BUSD) stablecoin donations from Binance Charity that would be utilized to rehabilitate and support refugees fleeing to neighboring countries from Ukraine. According to a report from the USA for UNHCR, more than 10 million people have been displaced from their homes in Ukraine, and the agency will use crypto stablecoin charity funds to provide legal and social assistance. Marie Grey, Executive Director and CEO of …
Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar, while donors must file Form 8283 with their tax return for the donation of $500 and more. The Engiven platform automatically enters the donation …
The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation. The crypto community has done just that with nonfungible token (NFT) companies, decentralized autonomous organizations (DAOs) and crypto users all over the world leading the effort to help aid Ukraine with donations of Bitcoin (BTC), Ether (ETH), Polkadot’s DOT and even NFTs. It is impressive how fast the crypto community got behind the Ukrainian people. Two days after …
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Economic warfare can’t be separated from geopolitical conflict, and just like in the violence of physical war, innocent civilians often fall in the crosshairs. The advent of cryptocurrency, however, is slightly transforming the dynamic this time around. As Russia’s invasion of Ukraine sends shockwaves across the global markets, many are championing digital assets as a safe haven during destruction and unrest. Indeed, Russians and Ukrainians …
Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people. In a Monday announcement, Ukraine’s ministry of digital transformation said the government had launched Aid for Ukraine, a platform which accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX), and Neo (NEO) “to support people in their fight for freedom.” Many parts of the country have been under attack by Russia’s military since Feb. 24. According to …
Prestigious Princeton University has launched an initiative to study the "decentralization of societal power" through blockchain technology in an effort to explore the vast depths of it’s social capabilities. For the launch, Bloomberg reported that Princeton’s Venture Forward campaign received $20 million in donations from high-profile alumni Peter Bridger from Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel Morehead, and Galaxy Digital’s Mike Novogratz. The initiative is designed to study the ways in which modern technology, especially blockchain, can interfere with and change social norms, just as other technologies such as the printing press and the internet have …
On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities, and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds included the official Bitcoin (BTC) and Ethereum(ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. The same day, Kraken announced that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance held, Ukrainian clients of Kraken would receive $1,000 in BTC each during the first trach of fund disbursement, which …
Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness and funds related to the military conflict in Ukraine. Speaking to Cointelegraph on Friday, Allen described herself as “a child of new Russia” and said the country would always be a part of her identity, but she had chosen to cut ties with it based on its recent actions in the Ukraine. Standing in front of the Consulate General of the Russian Federation in New York City, Allen burned …
After spending years ridiculing Bitcoin and cryptocurrency, Wall Street’s billionaire class is finally warming up to the idea of virtual assets powering the digital economy. This week, Citadel founder and billionaire Ken Griffin formally backtracked on his anti-crypto stance as he announced that his firm would begin offering digital assets to its clients. Of course, Griffin isn’t the only wealthy investor to have a change of heart, so we’re not going to bust his chops too much. So, while crypto analysts continue to debate about whether we are in a bull or bear market, institutions, venture capitalists and ordinary people …