After some activity was noticed from wallets linked to Vitalik Buterin, co-founder of Ethereum, he took to the social media platform X to clarify the situation. He stated that all his token sales were meant to “support various projects.” Buterin added that any ERC20 tokens gifted to him would go toward “public goods within the…
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Source: momius/Adobe Some of Japan’s biggest crypto firms are building donation platforms to help victims of the Noto Peninsula earthquake. Per the Japanese news outlet CoinPost, crypto donors have already given “tens of millions of yen” worth of tokens to charities aiding earthquake victims. These include the likes of HashPalette, a part of the HashPort…
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As the year winds down, cryptocurrency investors can combine tax-loss harvesting with cryptocurrency donations to charities, a move that optimizes tax benefits while supporting worthy causes. Embrace Year-End Tax Strategy With Charitable Giving Twist As the end of the year rapidly approaches, crypto investors are not only focusing on tax-loss harvesting but also exploring the…
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According to the researchers, people’s penchant to misinterpret patterns could be a boon for charitable organizations that accept cryptocurrency. A team of academic researchers from the United States recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market. Essentially,…
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Blockchain-based philanthropy involves transparent, efficient and secure transactions, ensuring accountable and impactful giving. Challenges and considerations while using cryptocurrencies in humanitarian aid Even if cryptocurrencies have the potential to revolutionize humanitarian aid efforts, it is imperative to address issues concerning volatility, inclusivity, cybersecurity, legal compliance and ethical considerations. The application of cryptocurrencies to humanitarian relief…
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Can blockchain technology actually help to improve transparency within charities? In 2021, the Australian branch of the Red Cross received $90 million to aid the victims of the bushfires that plagued various regions of New South Wales and Victoria. However, the organization soon came under fire for its lack of transparency when it revealed that…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments…
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PactDAO co-founder Marisa Rando says the decentralization of mutual aid collectives is the key to catalyzing activism and building stronger communities. The efforts of many charities organizations are often hampered by the red tape of bureaucracy, and the presence of hierarchical structures within these organizations can complicate matters even further. To bypass this inefficient rigamarole,…
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PRESS RELEASE. Recently, CoinEx Charity has kicked off its second educational welfare program in Türkiye. In the first program, all the students receiving donations have continued their studies in the new semester. Since last year, CoinEx Charity has participated in the Umudum Scholarship Program initiated by the local charity organization Kacuv in Türkiye, offering support…
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According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time.…
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