The Downside of Crypto Donations
Nonprofits and their supporters are turning to crypto to avoid taxmen, middlemen and restrictive lawmakers. Unless they do their homework, nonprofits face restrictions of a different kind.
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Crypto donations have been pouring into Ukranian efforts and have reached almost $70 million. Official reports show how the country has already started to successfully use the financial aid. Meanwhile, the United Nations lags behind with only $20 million in donations that fail to be as transparent as crypto. Unflustered UN? On 24 February 2022, […]
On Wednesday, tracked total crypto donations to the government of Ukraine wallet addresses, charities, and humanitarian initiatives had topped $108 million. The official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, as well as a BTC donations address for Come Back Alive, are the top three beneficiaries of such cash. Tracked Donations […]
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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Ukraine has raised more than $17 million in cryptocurrency donations since Russia began its invasion. Over $10 million were donated directly to the crypto wallets posted by the Ukrainian government about 24 hours after the government solicited donations in bitcoin, ether, and tether. Crypto Community Responds to Ukrainian Government’s Plea for Cryptocurrency Donations The Ukrainian government began soliciting cryptocurrency donations Saturday morning. The official Twitter account for Ukraine tweeted: “Stand with the people of Ukraine. Now accepting cryptocurrency donations.....
The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations. Signal Foundation Also Takes Donations in Privacy Coins According to an announcement via Twitter, the organization encouraged people to arrange donations via cryptocurrencies, but it’s not limited to bitcoin (BTC) or ethereum (ETH). Per their landing page, the foundation also supports litecoin (LTC), chainlink (LINK), zcash (ZEC), amp (AMP), Basic Attention Token (BAT), dai....