The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology. OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance firms like The Hanover and Selective Insurance Group, …

United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block. Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts to those seeking to provide clean water and beyond. Some of the charitable groups available, as listed on The Giving Block’s website, include Water Wells for Africa, the GO2 Foundation for Lung Cancer, Kids in Need of Defense and many more. “For this feature, any time a user clicks …

Barstool Media’s Dave Portnoy is accepting Bitcoin (BTC) and cryptocurrency donations for his small-business relief fund. Less than 24 hours after integration, the crypto community has responded with incredible generosity. The Barstool Fund launched last week to raise money for small businesses impacted by the Covid-19 pandemic. At the time of writing, the Fund had raised nearly $5.3 million to help 14 businesses. More than 53,000 donors have contributed. For tax reasons, the campaign is scheduled to run until the end of the year. A huge chunk of those donations came from the cryptocurrency community after Morgan Creek Digital set …

Over the past 15 years or so, social media has gained tremendous traction. Facebook, Twitter and YouTube have reached soaring heights as companies. Social media has its benefits, such as global connectivity and low barrier to entry. It also gives people a platform for expression. The sector has taken a dark turn in recent years, however, igniting aggression and spreading false information, while, at the same time, raising questions of censorship. Eric Yang, founder and executive director of Junto — a nonprofit decentralized social media startup — sees three main issues with the current landscape. The first of the three …

Over the past three years, an increasing number of nonprofit organizations have begun to accept crypto-based donations. According to Alex Wilson, co-founder of crypto donation gateway The Giving Block, the COVID-19 pandemic has pushed this trend further than ever before. Pandemic prevention measures began to accelerate in March 2020, resulting in business closures and economic turmoil for many. Businesses and nonprofits alike faced notable losses in revenue once the virus took hold. "Interestingly, the last six months or so, COVID has actually been a pretty major catalyst for nonprofits accepting crypto because a lot of them are looking for different …

Bitcoin Pizza Day commemorates a historic event roughly 10 years ago, when coder Laszlo Hanyecz made the first commercial purchase using Bitcoin (BTC). In celebration of this well-loved community holiday, BitFlyer donated pizzas to a number of organizations. "We ordered the pizzas ourselves from a local chain and delivered them to the homeless shelters," BitFlyer COO Joel Edgerton told Cointelegraph on May 22. "We worked closely with the managers of the shelters to ensure they get the appropriate amount and get there on time." BitFlyer sending slices all over "Bitcoin Pizza Day is a very special day for our community," …