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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The organization is a collective of Israeli Web3 community members and international companies striving to alleviate suffering in the south of Israel. The Crypto Aid Israel collective has raised over $185,000 since its creation less than two weeks ago and has distributed aid to several humanitarian groups. The organization has carried out two rounds of…
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The Rock and Oprah Winfrey launched the People’s Fund of Maui to provide direct financial support to those affected by the calamity. The crypto community joins in to support the Maui community as a relief fund championed by A-list celebrities Oprah Winfrey and Dwayne “The Rock” Johnson accepts donations in cryptocurrencies. In early August 2023,…
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The money was intended to add to Bankman-Fried’s political influence and goodwill and did not benefit FTX or Alameda Research. FTX’s efforts to claw back customer funds are continuing. Alameda Research and FTX filed suit on July 19 seeking the return of $71.6 million in allegedly commingled corporate and customer funds related to investments and…
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The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said. The Metropolitan Museum of Art is set to return $550,000 in donations it received from crypto exchange FTX prior to its collapse in November. The New York-based museum confirmed its intention to repay the funds to FTX…
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Crypto donations are so much more than just peer-to-peer Bitcoin and Ether transactions. Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they’ve witnessed “new wealth distribution mechanisms” never seen…
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The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made…
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An opera-centric DAO is using NFTs to open up new funding avenues to classical musicians outside of the limiting legacy institutions. The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases. Genres like pop, EDM and hip hop have…
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Kraken donated 17.5 Bitcoin to San Francisco’s anarchist hackerspace Noisebridge to keep the space running. On Feb. 27 Noisebridge advocate and attendee John Backus woke up to see that approximately 17.513 Bitcoin (BTC) – equivalent to about $156,000 at the time – had been deposited into Noisebridge’s cryptocurrency wallet. The unexpected deposit came from U.S.…
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