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In a recent announcement on the Binance website, the major cryptocurrency exchange explained that they would be introducing an unprecedented policy that makes coin listing fees completely transparent, with 100% of those fees being donated to charity. The move comes as exchanges face growing criticism regarding their listing...
Charities are increasingly accepting of cryptocurrencies as donations. This potentially exposes them to the same level of risks and rewards as those investing in the space. Charities Take Cryptocurrency Risk Giving Wealthy Donors Tax Breaks Thanks to nuances in U.S. tax legislation, many individuals that have been newly...
Fidelity Investments is a 72-year company with more than $7 trillion in investor’s funds under management, and despite their well-established position within the traditional retail markets, they are incredibly open to nascent technologies, like cryptocurrency and blockchain. Fidelity’s openness to blossoming new technologies is setting themselves into a...
The research and development arm of Airbus, A3, has launched a blockchain donation platform, called Heritage, that allows charities to better track and understand their fundraising efforts and operational efficiency. The new Heritage platform will be based on the Ethereum blockchain and will provide a robust and thorough...
Breaking new ground, one of the world’s largest cryptocurrency exchanges, Binance, has teamed up with the Maltese President’s Trust to create the Blockchain Charity Foundation. It will use the technology that underlies cryptocurrencies to “empower vulnerable communities and enhance transparency in charitable work.” The memorandum of understanding (MOU)...
An online petition platform has created a screensaver that turns idle computer systems into Bitcoin miners. Change.org will take the revenue generated by their new initiative and use it to help fund the Change.org Foundation. Change.org Foundation Will Use Donations to Help Build Social Movements Around the World...
Binance, one of the world’s largest cryptocurrency exchanges, is showing its humanitarian side by donating $1 million to the victims in West Japan that were affected by the heavy rains on 7 July 2018. News outlets in the country have reported a death toll surpassing 70 people, with...
The CEO of a San Francisco-based cryptocurrency exchange is launching a charity to help people in poverty, and is aiming to raise $1 billion in the next two years. Using Crypto to Raise Funds GiveCrypto is a new nonprofit charity that distributes cryptocurrency to people in poverty. Launched...
DonorsChoose.org announced yesterday that San Francisco-based Ripple have donated $29 million, funding every single classroom project request on the nonprofit’s website. The donation — which is largest cryptocurrency donation ever — fulfilled 35,647 requests from 28,210 public school teachers in every state. In all, 16,561 public schools — or 1 in...
The potential applications for blockchain technology are seemingly endless. Every day a new startup applies distributed ledger technology and smart contracts that underlie cryptocurrencies to a different world scenario offering new and innovative ways to streamline existing systems. Islamic charitable endowments, called waqf, are the latest to get...
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