Wikimedia Foundation Receives $140k in Bitcoin Donations in One Week
The Wikimedia Foundation has soaked up 140k in bitcoin donations since announcing accepting the cryptocurrency last week. The Wikimedia Foundation has soaked up $140k in bitcoin donations since accepting bitcoin donations last week. After some delay, it seems that the decision has paid off. The renowned public domain imaging site announced its partnership with Coinbase to accept bitcoins last week. It took a surprisingly long time for Wikimedia to warm up to donations considering founder Jimmy Wales' explicit curiosity, the obvious convenience in accepting a fee-free payment method, and....
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The Wikimedia Foundation made big news last week then they publicly announced they would be accepting bitcoin donations, and already they are returning with some big news a week later. In just one week, the Wikimedia Foundation managed to raise $140,000 in bitcoin donations from the community, which has been known for their generous outpouring (and they've also been begging Wikimedia to accept these types of donations for a while). Wikimedia, of course, is the organization that runs Wikipedia, the world's biggest online encyclopedia. This encyclopedia is free to all, and anyone can edit....
The Wikimedia Foundation is now accepting bitcoin donations, according to a newly-published blog post on Wednesday. The news comes several months following the Foundation - which runs the web's most popular encyclopedia, Wikipedia - was mulling bitcoin acceptance, but was said to have reservations. Wikimedia Chairman Jimmy Wales has previously expressed interest in this digital currency, and he even accidentally started a fundraiser for the organization, collecting a sum of ten bitcoins in a short period of time. Lisa Gruwell, the Foundation's Chief Revenue Officer, writes: We're fortunate....
The Wikimedia Foundation, the non-profit that owns and curates noted online encyclopedia Wikipedia, has received more than $140,000 in bitcoin donations since it began accepting contributions in the digital currency last week. The news follows the announcement of the organization's partnership with California-based payments processor Coinbase to accept bitcoin on 30th July, a development that was widely seen as a validation of bitcoin's potential to impact non-profit fundraising. Coinbase revealed the fundraising milestone in a new blog post, saying that the $140,000 - an amount worth....
Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the Wikimedia Foundation’s commitment to environmental sustainability.”
Proposal Claims Cryptocurrencies May Not Align With the Wikimedia Foundation
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The Wikimeda Foundation, which operates Wikipedia, Wikiquote, and other free resources, has finally started accepting Bitcoin donations. The Wikimedia Foundation has historically kept a cautious distance from Bitcoin. Back in December 2013, CCN's Caleb Chen (then writing for Bitcoin Blogger) emailed the Wikimedia Foundation about accepting Bitcoin donations. This is the response he received: