Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate ...
United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelenskyy, accepts a number of cryptocurrencies, alongside traditional payment methods. The initiative also permits donors to choose how their money will be spent. Kyiv Launches New Platform for Donations Amid Ongoing War With Russia Ukraine, which has been increasingly relying on foreign donations to support its defense efforts and overcome humanitarian challenges following Russia’s invasion, now offers those who want to help an integrated platform that streamlines the process and....
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GoFundMe axed the “Freedom Convoy Campaign” after some protesters became violent, so organizers turned to the Bitcoin fundraising platform Tallycoin instead. Truckers protesting the COVID-19 vaccine mandate in Canada have turned to Bitcoin-based crowdfunding platform Tallycoin, following a barrage of mounting political pressure from all sides that culminated in GoFundMe axing their “Freedom Convoy Campaign.”GoFundMe pulled the campaign and $9 million in donations with it on Feb. 4 in response to reports of violence, which it claimed broke its terms of service. Initially, donors needed to....
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar. Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations.The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday.According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated....
Scams have started exploiting the desire of many in the crypto community to support Ukraine’s efforts to withstand Russia’s military assault and help its citizens endure the conflict. As the country is raising millions in bitcoin, a report has indicated that fraudulent schemes luring donors to “help Ukraine” with cryptocurrency are on the rise.
Crypto Scams Entice Prospective Donors to Support Invaded Nation
People who wish to send cryptocurrency to the Ukrainians defending their country against a military operation launched by Russia, may fall into a....
Kentucky Senator Rand Paul, who today formally announced his bid for the 2016 Republican presidential nomination, has begun accepting bitcoin donations. Donors can select bitcoin from a number of available payment options, with bitcoin payments being enabled by processor BitPay. Paul is perhaps the most high-profile American politician to accept bitcoin donations, and latest of a number of state and national Republicans to turn to the digital currency for fundraising support. Last year, the US Federal Elections Commission gave its approval for bitcoin fundraising as a type of in-kind....
Indian Mountain School (IMS), an independent, coeducational boarding school in Lakeville, Conn., has announced it will accept bitcoin donations for the school's fundraising activities. The school becomes the first elementary/middle school in the U. S. to accept bitcoin. Joining the school in making the announcement were digital currency payment processor GoCoin LLC and digital currency platform Bitcoin Shop, Inc. (BTCS). The school views introducing digital currency as part of being an innovation and technology leader in education. The school will offer parents and other supporters the....