American Cancer Society Launches $1M Cryptocurrency Fund

The American Cancer Society and The Giving Block have created a new research fund that accepts crypto donations. In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2021 to fund ongoing research initiatives. Donations to fund cancer research plunged 50% in 2020, reaching the lowest this century, according to the American Cancer Society. The sharp drop-off was attributed to the economic impact of COVID-19. According to the American Cancer Society:“The crypto....

The American Cancer Society has set up a fund for crypto donations so the nonprofit can raise at least $1 million by early 2021. Together with The Giving Block, the U.S.-based voluntary health organization expects to collect funds via several cryptocurrencies. Donations to Fund Cancer-Related Research Plummeted 50% in 2020 According to the announcement, the cancer crypto fund seeks to provide funding to ongoing research initiatives. The move happens within the context of a strong decrease in donations over 2020 amid the COVID-19 pandemic. The American Cancer Society says the....

The bitcoin community is notoriously generous, and donations to cancer research are no exception. Isaac Yonemoto, a PhD scientist in chemistry and biophysics, is trying to raise money to complete work on a promising cancer fighting compound called 9DS in an initiative called Project Marilyn. Yonemoto told CoinDesk: "I'm raising money to finish preclinical experiments on the anticancer compound 9DS. Research on this compound has been abandoned twice, so third time's the charm." Although it is still in the preclinical stage, according to the Project Marilyn website, 9DS has potential as an....

Organizations are partnering with NFT projects and accepting crypto donations to draw attention to Breast Cancer Awareness Month. The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes. While these methods are still new, NFT projects for philanthropy have been met with relative success. A recent report from crypto donation platform The Giving Block found....

Of all the wonderful things bitcoin can help people do, here's yet another to add to the list. Beginning on Monday, the Mesothelioma Applied Research Foundation (also known as the Meso Foundation) will be accepting bitcoin donations to help fund cancer research at curemeso.org/bitcoin. "As more and more businesses are accepting Bitcoin as a form of payment, we decided it was important for us to do the same," said Ms. Melinda Kotzian, chief executive officer of the Meso Foundation. The not-for-profit focuses their attention on mesothelioma, a malignant tumor found on the lining of the lung,....