#1 Source for BlockChain News

Category archive

Crypto Donations

The Crypto Donations Continue! Vitalik Buterin Donates $300K

Crypto donations are not new. They weren’t in 2017, the year of the crypto boom, nor are they in 2018. But each time they happen, whether it’s donations in cryptocurrencies or fiat currencies, it’s proof that not everyone in the crypto space is there for only themselves.

Vitalik Buterin (age 24), the creator of Ethereum, was the latest to make a donation. 

Crypto Donations Continue

Back in May of 2018, Ashton Kutcher, alongside Ripple, donated $4 million to the Ellen Wildlife Fund. In June, Ripple gave a whopping $50 million to universities in the United States. Following the destructive floods that hit West Japan in mid-July, Binance (the largest crypto exchange in the world) called for crypto donations. They were intended to provide relief for those affected. Then in August, Ripple was back at it again, partnering with Madonna to raise funds for the Malawi Orphanage.

This week we have seen more crypto donations, this time coming from Vitalik Buterin. The decision to make these donations came out of various threads on Twitter. You can find them on Buterin’s page. Here is one the responses:

The Recipients 

The recipients of the $300,000 in cryptocurrency Buterin donated this week include Prysmatic Labs (see tweet above), Sigma Prime, and ChainSafe Systems. All three are blockchain startups.

>> Ripple (XRP) and Bitcoin Cash (Bitcoin ABC) Surge!

The Takeaway

Even if you are skeptical of crypto donations, or perhaps even Vitalik Buterin, who has been at the center of a few scandals (like when he said he was against Apple), it’s nice to see people in the same space helping others. And to do it in December, well, it looks like Christmas came early for Sigma Prime, Prysmatic Labs, and ChainSafe Systems. 

What do you think of Buterin donating $300 thousand in crypto? Do you think it will help these startups achieve their goals in the new year? Let us know what you think in the comments below! 

Featured Image: Depositphotos/aa-w

If You Liked This Article Click To Share

http://platform.twitter.com/widgets.js
!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Freedom of the Press Foundation Accepts Cryptocurrency Donations – Crypto Currency News

As of this Monday, June 18, 2018, the Freedom of the Press Foundation accepts cryptocurrency donations. But what tokens is it accepting?

Freedom of the Press Foundation Accepts Cryptocurrency Donations

The non-profit helps journalists to report on issues such as the “mismanagement, corruption, and law-breaking in government.” The foundation has announced that it is accepting Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC).

The foundation hopes to add more cryptocurrencies in the future, but currently, donations can be made to the digital wallets that have been added to the Freedom of the Press Foundation website.

According to the official release, the Freedom of the Press Foundation believes that “decentralized technology has great potential to advance the ability of individuals to resist surveillance and censorship.”

Although the announcement was only just made on Monday, one blockchain company, called Mainframe, has already donated 1,000 ETH to the non-profit foundation, which is approximately $500,000 USD, at the current market value.

In regards to the donation, the Freedom of the Press Foundation has said:

“We are deeply grateful Mainframe has made this critical donation to help Freedom of the Press Foundation protect journalists and whistleblowers, and are excited Mainframe, through their technology, shares our commitment to protecting privacy and freedom online.”

Donations will help to support the foundation’s projects to advance press freedom, including their SecureDrop whistleblower submission platform.

The Freedom of the Press Foundation can be added to a list of non-profits that have begun to accept cryptocurrency donations, including the Red Cross, the Water Project, and even the Ellen Degeneres Wildlife Foundation (where actor Ashton Kutcher donated nearly $4 million worth of Ripple’s XRP to in May).

>> Ethereum (ETH): Casper and Sharding Will Most Likely be Released Simultaneously

The acceptance of cryptocurrencies as a form of donation could be attributed to its growth in popularity. Either way, foundations like the Freedom of the Press Foundation are now opening their doors to a different type of donation that will still help to support them.

Do you think this could lead to other companies or businesses accepting cryptocurrencies?

Featured Image: DepositPhotos/AntonMatyukha

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Go to Top
%d bloggers like this: