This Project Allows Charity Donors to Trace Donations on the Blockchain
GiveTrack, a project of the BitGive Foundation, uses blockchain technology to allow charity donors to trace their donations. The service allows donors to trace transactions in real time to see how funds are spent, ensure they reach their destination, and review the results generated from contributions. It will also help reward good actors, educate donors and avoid fraudulent activities. GiveTrack can improve access to funds in the developing world while reducing the fees of traditional cross-border transactions. It will build a customized platform for nonprofits that provides a....
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Fidelity Charitable, an independent public American charity, has announced that it received $7 million in bitcoin donations in 2016 from donors across the country. To enable Fidelity Charitable donors to give more and to support a broader expansion, in November 2015, the charity began accepting bitcoin. Donors were then able to donate more with the non-profit efficiently monetizing the bitcoin for grant-making. As well as accepting digital currency donations, the charity also raised $3.5 billion in donor-recommended grants to non-profit organizations last year, which saw a 15 percent....
BitGive foundation, a bitcoin and blockchain technology-based non-profit organization has announced its launch of the Giving Tuesday campaign, a donation transparency project aimed to leverage the Bitcoin network and the distributed ledger technology for social good. The decentralied and transparent nature of the Bitcoin network's blockchain technology allows anyone on the network to publicly trace and track transactions. Using the same concept, BitGive enables donors and organizations to easily trace their donations and see exactly how their funds are being allocated and disbursed. "We....
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....
The Bitcoin Water Trust currently has collected more than 12 BTC so far, representing a cumulative value of $468,000 at today’s prices. Charity: water, a New York-based nonprofit with a mandate to bring clean and safe driving water to developing countries, has begun accepting Bitcoin (BTC) donations through a dedicated cryptocurrency fund — a move that could help the organization attract new donors towards its initiative. The launch of the Bitcoin Water Trust allows charity: water to receive and hold Bitcoin donations to fund global water projects through 2025, the nonprofit announced....
Bitcoin remained the most popular cryptocurrency for the Tor Project’s donors in 2020, followed by altcoins like Ether, Monero and Zcash. The cryptocurrency community has been doubling down on its support to privacy-centric applications like Tor Browser in 2020, according to new data.The Tor Project, a non-profit organization behind the anonymous Tor Browser, saw a 23% increase in cryptocurrency donations in 2020. A spokesperson at the Tor Project told Cointelegraph that crypto-powered donations surged from $189,637 in 2019 to $233,019 in 2020.According to a Jan. 25 announcement by the....