bitCharities Positions Bitcoin between Charities and Donors to Support Small Donations
The creators of bitLanders added bitCharities to their content hosting platform in January. The core aim of the new sub-platform, as CEO Francesco Rulli explained, was not just to propagate the use of their official mode of payment - the digital currency Bitcoin - but also to motivate people to make regular donations, even if they are small. Prior to launching bitCharities, bitLanders's core focus was to help users in earning Bitcoin rewards while creating and sharing contents. The earned money could therefore be exchanged within curated shopping sections - bitGoodies and bitFashionista.....
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BitLanders is a social media platform that provides the “means and ends” to users engaging in incentive-based community content. Founder Francesco Rulli started the business formally known as Film Annex in 2006, and converted its sharing model to incorporate Bitcoin. The social media site rewards its users with the cryptocurrency based on content....
Donors can use one of 45 cryptocurrencies to contribute to a range of nonprofits grouped by mission. Cryptocurrency charity platform The Giving Block has announced the launch of 15 new 'Cause Funds' to better direct donations to charities with similar goals and missions. The Giving Block was established to facilitate cryptocurrency donations to over 700 nonprofits around the world including Save the Children, Malala Fund and World Vision. The new Cause Funds “bundle together multiple nonprofits that have a similar focus or mission”, according to The Giving Block’s website, adding that the....
Crypto donations expose charities to a "new demographic of funders" that they can’t afford to miss out on. Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations. Alex Wilson, the co-founder of The Giving Block, a crypto donation platform providing back-end support to charities, told Cointelegraph that the crypto community is still a market many charity organizations have nointeracted with. The top charity organizations in the world by funds received....
Giving Block co-founder Pat Duffy said the service streamlines the platform's existing donation process, allowing “high-value donors to quickly and securely give large gifts to their favorite charities while reducing their tax bill.” The Giving Block, an online platform which allows nonprofit organizations and charities to accept digital asset donations, has launched a service tailored to donors wishing to send large amounts of crypto.In a Wednesday announcement, the Giving Block said it partnered with crypto tax startup Taxbit, New York-based accounting firm Friedman LLP, and Ren to start....
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....