philanthropy
Philcoin Rolls Out Staking Program for Donating Charity
To change the way of charity, Philcoin has established a staking mechanism that will enable users to donate part of their earnings to a charity of their choice within PHILApp.
Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign
Chinese internet giant Tencent will use of blockchain technology in its annual internet charity campaign dubbed “99 Giving Day.”
FTX Future Fund Shut Down Following Exchange's Collapse
FTX Future Fund, the philanthropic arm of FTX exchange, has shut down following the exchange's collapse in November 2022. The fund had pledged $1 billion in donations toward research academics across prestigious universities, but the team behind the project resigned after FTX filed for bankruptcy. Many scholars and researchers who were early recipients of the grant are now stuck in limbo over payment of further grants for their programs.
Crypto Donations to Exceed $10 Billion in a Decade
The Giving Block's annual report predicts that crypto donations will surpass $10 billion by November 2032, with USD Coin being the most popular cryptocurrency used in donations. Ethereum co-founder Vitalik Buterin holds the record for the largest crypto donation of the year, giving $9.4 million through his philanthropic fund.
How Bitcoin Donations Supported the Noble Cause of Taming Australian Bushfires
The harm caused by the Australian bushfires necessitated immediate response, and the Crypto Fire Alliance, a group of Australian and international blockchain and cryptocurrency businesses, stepped in to curb the situation through philanthropy.
Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic
On March 25, 2020, Binance in its blog post announced the launch of its new fundraising project titled 'Crypto Against COVID' which aims to raise $5 million in cryptocurrencies which will be used to buy medical equipment for the countries worst affected by Coronavirus.
Stanford Study Findings—Is Blockchain Hype or Hope for Social Impact?
Beyond the hype of its potential, does blockchain technology really have the power to drive social impact?
Bitcoin Adoption Accelerating in NGO Sectors Across Australia, Europe, And North America
NGOs are now cashing in on cryptocurrencies. A new report reveals that an increasing number of charities continue to adopt bitcoin cryptocurrency majorly across North America, Europe, and Australia.