Category: Crypto Donations

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KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris

A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi token’s activity. Putin Endorses Kamala Harris’ Campaign As the US elections get closer, the presidential candidates continue to…
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Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’

U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a popular tool for Hamas or the Palestinian Islamic Jihad” and “Hamas is using crypto in relatively small…
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Terrorism Funding Claims Contradicted by Lack of Evidence for Substantial Crypto Donations to Hamas

Elliptic disputes assertions that Hamas received substantial crypto donations based on blockchain analysis. Image by sveta, Adobe Stock. Blockchain analytics company Elliptic refuted claims on Wednesday that Hamas received millions in crypto donations in the months leading up to its attack on Israel earlier this month. Elliptic stated in a blog post that there is…
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Israeli Crypto-Based Aid Organization Says Nearly $200,000 Raised for October 7 Terror Victims

Nearly $200,000 has been raised by a non-profit organization launched by members of Israel’s Web3 community. More than 30 Web3 companies have since joined the campaign while the accounting firm KPMG is said to be assisting with fundraising and distribution. Web3 Companies Join Campaign Crypto Aid Israel, a non-profit organization launched by influential leaders within…
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Crypto Aid Israel Fundraiser to Help Victims of Hamas Assault

Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack of Palestinian militants from Gaza. Web3 Firms Unite in Crypto Aid Israel…
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Report: Binance’s Decision to Airdrop $3 Million to Morocco Earthquake Victims via BNB Token Criticized

Cryptocurrency exchange Binance has been criticized for pledging to help victims of Morocco’s devastating earthquake by airdropping its native crypto token. According to Action on Armed Violence’s Iain Overton, people affected by the earthquake are only interested in getting immediate assistance and not crypto. Binance Accused of Using Devastation to Prop Up Its Image ,…
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Singapore Red Cross Says It Now Accepts Crypto Donations

Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who are tech-savvy and wish to make a difference through…
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US State of Minnesota Okays Crypto Donations to Political Campaign Committees

Minnesota has become one of the few U.S. states to permit crypto donations to political campaign committees. However, according to the state’s new rules, crypto donations must be converted to U.S. dollars within five days. In the event of price changes within the five-day grace period, these must be shown separately in campaign finance reports.…
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Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows

Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto…
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Crypto donations to surpass $10B in a decade: The Giving Block

The Giving Block reported that in the last year, USDC took 44% of the crypto donation volume, ETH took 24%, and BTC got 17% within its charity platform. According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations in the platform surpassed $125 million in 2022. Based…
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