CryptoCoinsInfoClub.com

Philanthropy Cryptocurrency

Using Cryptocurrency Mining To Save Syrian Kids

Using Cryptocurrency Mining To Save Syrian Kids

Using Cryptocurrency Mining to Save Syrian Kids Most people mine cryptocurrency for fun and profit, but international charity organization UNICEF France is giving people another reason to mine: philanthropy. Its new project Game Chaingers asks gamers many of whom have powerful, mining-friendly GPUs in their PCs to contribute some of their GPU power towards mining Ethereum for UNICEF, which the organization will then use to help the nine million children trapped in horrible conditions by the ongoing conflict in Syria. The project's website allows users to directly download mining software for Windows and Linux machines, and supports both Nvidia and AMD GPUs. Once the software is downloaded and installed, users need only enter UNICEF's Ethereum address. Then they can choose to run the miner whenever they'd like, and the resulting returns will be deposited in UNICEF's account. The idea, according to UNICEF, is that crypto-mining is a great way for high-end GPU owners to make a positive philanthropic impact with very little effort required. By simply turning on the miner while they're asleep or away from their PC for a few hours, they can generate real money that UNICEF can put to good use, and it has almost no impact on their own lives aside from a likely minuscule increase in their monthly electricity bill. Of course, you don't have to mine to contribute. UNICEF is also accepting direct donations in Ethereum, as well as via more traditional payment platforms like PayPal. But the project, which just started and will run through March, has already attracted more than 300 miners and generated more than $1,000 in ETH. To help gamify the process, the project website also contains game-like features like a leaderboard that shows which miners are clocking the best returns in re Continue reading >>

Crypto-philanthropy: How Bitcoin And Blockchain Are Disrupting The World Ofgiving

Crypto-philanthropy: How Bitcoin And Blockchain Are Disrupting The World Ofgiving

Paul is a nonprofit management consultant, social entrepreneur, and writer. Crypto-philanthropy: How Bitcoin and Blockchain Are Disrupting the World ofGiving Much of the growing interest in bitcoin and other digital currencies has focused on individual financial gain. At the same time there is an exciting trend toward leveraging so-called cryptocurrencies for philanthropic purposes. Not only are a number of charities accepting bitcoin and other digital currency donations, but new philanthropic entities are emerging which utilize digital tokens and their underlying cryptography-based technology, called blockchain , in powerful and innovative ways. Over time these bold experiments have the potential to transform and upend the philanthropic sector. Over the last few years a number of charities and foundations have been trialing bitcoin donations. These include such well-known organizations as the Red Cross, Save the Children, United Way, the Wikimedia Foundation, and the Electronic Frontier Foundation. Once established, an online wallet allows charity institutions to accept bitcoin and other cryptocurrency donations and to exchange them for fiat currencies such as the dollar. In some cases online wallet providers offer 0% processing fees for nonprofits, compared to the 2% or more required by traditional donation processors. This means that potentially 100% of donations can end up in the pockets of charity organizations or donation recipients. Bitcoin donations to charity are also tax deductible and offer donors the added benefit of avoiding capital gains taxes on the dollar amount value of their cryptocurrency donations. While it is difficult to say how much money has been generated through bitcoin and other digital currency donations in the United States, there is eviden Continue reading >>

Ripple Gives Away $29 Million Of Its Cryptocurrency To Public Schools

Ripple Gives Away $29 Million Of Its Cryptocurrency To Public Schools

Ripple gives away $29 million of its cryptocurrency to public schools Cryptocurrency startup Ripple donated $29 million of its own digital currency XRP to fund public schools. The donation, which Ripple says is the largest-ever cryptocurrency gift to a single charity, fulfilled thousands of requests from teachers on the website DonorsChoose.org. The money will be used to buy classroom materials for more than 28,000 public school teachers across all 50 states, Ripple says. Published 5:09 PM ET Wed, 28 March 2018 The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Cryptocurrency startup Ripple donated $29 million of its own digital currency XRP to support U.S. public schools, the company announced Wednesday. The donation, which Ripple said is the largest-ever cryptocurrency gift to a single charity, fulfilled thousands of requests from public school teachers on the crowdfunding site DonorsChoose.org. The money will be used to buy classroom materials for more than 28,000 public school teachers across all 50 states, the company said in a statement. Charles Best, founder and CEO of DonorsChoose.org, said he approached Ripple based on CEO Brad Garlinghouse's previous involvement with the foundation. He sent Ripple executives an email laying out the possible impact of fulfilling the teachers' requests. "To my own shock, they said yes," said Best, who founded the charity 18 years ago. "It was mind-blowing that it would be the largest donation of cryptocurrency." Ripple is officially the name of a San Francisco-based company developing a network for faster global financial payments. XRP is the name of the digital token that financial institutions on the network can use to transact quickly. Rip Continue reading >>

Pineapple Fund: Mysterious Bitcoin Millionaire Gives Away Fortune

Pineapple Fund: Mysterious Bitcoin Millionaire Gives Away Fortune

The Pineapple Fund is creating a new model for philanthropy. Every cultural boom has its Cornelius Vanderbilt, Andrew Carnegie, or Chuck Feeneypeople who made a ridiculous amount of money and chose to give most of it away. In the cryptocurrency world, one philanthropist has already stepped up to toss away their fortune. The difference is that only a handful of people know whos really behind the effort. Pine is the anonymous founder of the Pineapple Fund , a mysterious philanthropy organization thats pledged to give away approximately $86 million in bitcoins. The initiative was launched on Dec. 13 with a post on social news site Reddit that invited registered nonprofits to fill out an application for consideration. Bitcoin has changed my life, and I have far more money than I can ever spend, the user, u/PineappleFund, wrote . My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So Im doing something else: donating the majority of my bitcoins to charitable causes. The announcement coincided with a series of impressive initial donations: $2 million to Watsi, a tech firm working toward universal healthcare; $1 million to the Water Project, which works to create sustainable drinking water in Africa; and $1 million for the Electronic Frontier Foundation (EFF), which is active in the fight for net neutrality. To date, the Pineapple Fund has donated over $52 million to 57 charities, ranging from the Internet Archive to the Tennessee River Gorge Trust and Nuzzles & Co., a pet rescue and adoption agency. Protecting their anonymity, I emailed with Pine to learn more about the roots of Pineapple Fund. When I hadnt heard back from Pine in a week, they wrote me, apologizing for the delay and explaining that the fund was just a sid Continue reading >>

Donationcoin - The Cryptocurrency Of Charity

Donationcoin - The Cryptocurrency Of Charity

Traditional ways of donating to charities, sending dollars and cents, leaves a lot of room for uncertainty and much to be desired. Using Donationcoin you can remove a lot of the uncertainties and gain much certainty your donation is being received as you intended. Thanks to blockchain technologies open ledger, you can verify that your donation, and all of your donation, was received by the charity you intended. No more guessing if some "middle-man" charged some "administration fee" and lessen the impact of your good intention. Donationcoin makes the charities balance public. When you make a donation, you will be able to instantly verify your donation is in the hands of who you intended. It does not matter where in the world the charity is, your donation will cost you and the charity next-to-nothing to send and receive. No stamps to buy. No waiting or, even worse, losing in the mail. No credit card information to expose. In fact, none of your personal information is exposed. Therefore, you have zero risk of identity theft, credit theft, or any theft at all! With Donationcoin, your charitable donation is safe and sound. To get started, the first thing you should do is download a Donationcoin wallet, launch it, and allow it to synchronize with the network. Synchronization will take a long time. Many hours to even a day or more over slow Internet connections. Continue reading >>

Donating Bitcoin To Charity | Fidelity Charitable

Donating Bitcoin To Charity | Fidelity Charitable

How donating bitcoin directly to charity increases the size of your gift Before you sell bitcoin and donate the after-tax proceeds, consider donating your bitcoin directly to charity. This model includes two significant benefits, both for you and the charity: Your tax deduction will be equal to the fair market value of the donated bitcoin (as determined by a qualified appraisal). Your gift to charity will be larger because instead of paying capital gains taxes, the 501(c)(3) charity will receive the full value of your contribution. Theres another upside to donating bitcoin to a public charity with a donor-advised fund program such as Fidelity Charitable: the opportunity to recommend how the contribution is invested and potentially grow it tax-free, ultimately providing greater charitable/philanthropic support. Contributing bitcoin to Fidelity Charitable means your tax deduction and your charitable gift may instantly increase over 20%. Charities are exempt from paying capital gains on the sale of assets, so the full value of your gift stays intact. Consider this example: 1This assumes all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%. This does not take into account state or local taxes, if any. 2Amount of the proposed donation is the fair market value of the appreciated property held more than one year that you are considering donating as determined by a qualified appraisal. 3Assuming a contribution of 100 bitcoin. Alexs tax basis assumed to be $100/bitcoin. If Alex sold 100 bitcoin for $250,000, he would have $240,000 in capital gains and would pay $57,120 in tax. What could this extra funding mean for charity? Depending on the organizations you choose to support, consider this example Support Continue reading >>

Cryptocurrency & Blockchain Technology Could Change The Charitable Sector In2018

Cryptocurrency & Blockchain Technology Could Change The Charitable Sector In2018

SEO Consultant, Crypto / Blockchain Geek, Ducati Aficionado Cryptocurrency & Blockchain Technology could change the Charitable sector in2018 While cryptocurrency and blockchain technology are still quite new across all industries, charities are already reaping the benefits. There have already been millions of dollars donated to a variety of charities in the form of cryptocurrency, giving charities the option to transfer the cryptocurrency into another currency or keep it as an investment. But it boils down to more than just money when it comes to the benefits cryptocurrency and blockchain technology can offer this sector, and Ive broken it down into 3 main categories below. While regulatory rules and governing bodies vary around the world, there are 3 common threads among them all. Charities and non-profits are required to register their organization, follow reporting requirements and adhere to set rules. When charities register, they must provide a variety of information including information about the trustees of the organization. This means regulatory bodies need to crosscheck a lot of information. Blockchain technology would allow trustees to manage their own identification information and enable them to share only required information with regulatory bodies. Charities spend a lot of time creating and sending annual reports and accounts, which are made public online. If transactions were all made on the blockchain, reporting would become obsolete. All of the verified information needed by regulatory bodies would be available publicly, saving charities time and money. Transparency and real-time updated data would not only boost donor trust, but also make it easier to ensure that is charities breach any of their contractual obligations, a warning could be issued via Continue reading >>

Record Donation To Donorschoose.org Makes Cryptocurrency Company A Teachers Pet - The Chronicle Of Philanthropy

Record Donation To Donorschoose.org Makes Cryptocurrency Company A Teachers Pet - The Chronicle Of Philanthropy

News and analysis: Cryptocurrency Giants $29 Million Gift Funds Every Request on DonorsChoose.org Cryptocurrency Giants $29 Million Gift Funds Every Request on DonorsChoose.org Chris Larsen, co-founder of Ripple, a company specializing in cryptocurrency, is the worlds richest man in cryptocurrency, according to Forbes, which estimates his net worth at $7.5 billion. Late last night, the crowdfunding website DonorsChoose.org featured more than 35,000 requests from teachers seeking cash for field trips, computers, musical instruments, and even an incubator for chicks. But when the clock ticked past midnight, those requests vanished. All the teachers needs had been answered by a single donor a company specializing in cryptocurrency. The unusual benefactor is Ripple , a San Francisco business that develops global payment networks through which banks, businesses, and institutions make cryptocurrency transactions. The company and its executives agreed to cover the cost of every project on the nonprofits website following an email pitch from DonorsChoose founder Charles Best and just a few weeks discussion. Ripples donation $29 million in XRP, the cryptocurrency it developed is the largest gift in the 18-year history of DonorsChoose. One in six public schools across the country will benefit, according to the nonprofit. Ripples gift of $29 million is in XRP, the cryptocurrency it developed. The gift is also believed to be the largest ever made in cryptocurrency to a single charity and reported publicly. Forbes recently touted Chris Larsen, Ripples co-founder and chair of the company, as the worlds richest man in cryptocurrency, estimating his net worth at more than $7.5 billion. Best says he set the gift in motion in January with an email to Brad Garlinghouse, Ripples CEO. Best Continue reading >>

Cryptocurrency Donations For Fidelity Charitable Are Booming

Cryptocurrency Donations For Fidelity Charitable Are Booming

Cryptocurrency Donations for Fidelity Charitable are Booming It seems that digital currency enthusiasts have a charitable side, as the folks at Fidelity Charitable has said the fastest growing method of donations they are receiving are through cryptocurrencies. It was on February 15, 2018, that the worldwide charity announced they got about $69 million donations in the form of digital currencies during 2017, which was by far the fastest growing method of donation they had for the year. This information was listed in their annual report, and the majority of these donations were in the form of bitcoin and ether , with a total of 169 unique donors being involved. It was towards the latter end of 2015 that the charity initially began accepting bitcoin as a method of donating and the figures for 2017 show a tenfold increase in the popularity of this donation method. This means that it grew 140 percent quicker than other alternative types of donation such as LLC shares, bags of grain and real estate. Since cryptocurrencies first came to the fore, using it to donate money has been one of the key ways it has been used. Back in 2013, a non-profit called BitGive were aiding other non-profits to set up a system whereby they themselves could start accepting bitcoin donations. It wasnt long after this that a number of significant charities launched their own trials for accepting this format of donation. In 2014, the foremost cryptocurrency exchange Coinbase implemented changes into their platform which allowed users to send donations to non-profits easily. There are a number of consultants in the charity sector these days who help charities accept these currencies, as well as advising them on the best course of action when it comes to managing these funds. Often there are not a lot Continue reading >>

Crypto Is Now Fastest Growing Donation For Fidelity Charitable

Crypto Is Now Fastest Growing Donation For Fidelity Charitable

Crypto Is Now Fastest Growing Donation for Fidelity Charitable Feb 14, 2018 at 14:00 UTC|UpdatedFeb 17, 2018 at 09:50 UTC Cryptocurrency enthusiasts have proved quite charitable, at least as far as Fidelity Charitable is concerned. Announced today, the global charity revealed it has received $69 million in cryptocurrency donations in 2017, making it the fastest-growing asset type accepted by the firm. According to Fidelity Charitable's annual report, the funds, which included donations in bitcoin and ether , came from 169 different donors. The donations represent a tenfold increase since the organization started accepting bitcoin in late 2015, a figure that grew 140 percent faster than the other options (such as real estate, shares of LLCs and bags of grain) that Fidelity Charitable accepts as donations, according to the company's vice president Amy Pirozzolo. "It is one of the fastest growing assets that we are seeing wanting to be contributed to charity. Many people who own bitcoin or other forms of cryptocurrency do want to be philanthropic." But if that comes as a surprise, perhaps it shouldn't - donations have been one of the key use cases from cryptocurrency since the beginning. In 2013, non-profit BitGive began helping other non-profits accept donations in bitcoin and shortly after, a handful of major names announced they would trial the idea. The following year, cryptocurrency exchange Coinbase launched its own service designed to support non-profits. Now,a cottage industry of consultants like Man on a Mission Consulting have popped up to streamline the process of allowing charities to accept this new type of value. According to Man on a Mission founderPaul Lamb,"I think there's a strong desire to accept not only bitcoin, but other cryptocurrencies as well, so Continue reading >>

Cryptocurrency And Blockchain For Good - Resource Page*

Cryptocurrency And Blockchain For Good - Resource Page*

Cryptocurrency and Blockchain for Good - Resource Page* See " Transforming the Social Sector: Bitcoin and Blockchain for Good," for an overview of how nonprofits, aid agencies, foundations, and others are using bitcoin, other digital currencies, and blockchain for fundraising and social impact. Below are additional articles and resources regarding the use of cryptocurrency and blockchain in the social sector.To learn how your organization can leverage cryptocurrencies or blockchain, contact Paul Lamb. "Wow, if I had invested $1,000 in Bitcoin last week, today I would have... still no idea how Bitcoin works." - Stephen Colbert Miscellaneous Reports, Videos, and Articles Bitcoin and Charities panel (Youtube video), Texas Bitcoin Conference, 2014 Will Blockchain Disrupt Government Corruption? ,Stanford Social Innovation Review, March 2018 Cryptocurrency and Blockchain Organizations and Collaboratives in the Social Sector Sample Cryptocurrency and Blockchain Projects Master list of Blockchain for Social Good projects (Stanford University) Bithope : Crowdfunding platform using Bitcoin RootProject : Cryptocurrency project to support anti-poverty efforts Sovereign : Borderless peer-to-peer democracy Sean's Outpost : Outreach to the homeless Bitcoin not Bombs : Offerspublicity campaigns designed tofacilitatean organizations adoption of Bitcoin as a donation platform Circles : Universal Basic Income ecosystem creator Innovation Norway and UN Women Project : Safetransfer of digital assets for women in developing world Disberse : Fund management platform for aid monitoring and delivery Pinkcoin : Network andtokenizeddonation platform Alice.s i: Platform for donations, impact investing, and impact and grants management Continue reading >>

What Bitcoin And The Blockchain Means For Charities

What Bitcoin And The Blockchain Means For Charities

WHAT DOES BITCOIN AND BLOCKCHAIN TECHNOLOGY MEAN FOR CHARITIES? Bitcoin is an example of cryptocurrency: a new form of digital money not linked to a government or central bank. The technology which makes this possible is the blockchain: a revolutionary new type of ledger for transactions that is owned and maintained by all the users of the system rather than being controlled by a single authority. Cryptocurrency and blockchain technology have some fascinating features that could have a huge impact on charities and charitable giving . In this series of videos based on three discussion papers, we explore what this impact might be. New models of digital 'cryptocurrencies', such as Bitcoin, could present both major opportunities and challenges for charities. In this video we look at some of these opportunities and challenges, such as the potential for radical transparency of donations, the possibility of making it easier to get aid money to where it is needed and the challenge of anonymous cryptocurrency donations. The blockchain is the decentralised, shared public ledger at the heart of Bitcoin and other cryptocurrencies, but it also has far wider applications. This video looks at the role blockchain technology could play in boosting transparency and trust in charities; the impact of new assets becoming available for giving, and the potential for smart contracts that govern philanthropy. This leads to the idea that in the future, smart domestic appliances could become AI philanthropists. In this video we consider whether blockchain technology could be used to transform the way charities are created and regulated. We look at what it might mean for registering and monitoring charities; whether it could open up the possibility of 100% transparent, real-time financial informa Continue reading >>

Cryptocurrency For Charities

Cryptocurrency For Charities

A new charitable cryptocurrency has been unveiled as a potential source of funding for charities. Wishcoin has been developed around as an innovative way to raise funds for good causes, with co-Founder, Robert McLean saying, The entire fundraising landscape could be significantly changed. Run by the not-for-profit Wishcoin Foundation the project brings the charitable sector together with the expanding cryptocurrency world and creates a potential, if still young, investment opportunity. Half of all the coins generated to date having been donated to the Wishcoin fund, meaning that they will benefit charities directly. The foundation will carefully select which charities will be donated to and will be adopting multiple strategies to ensure maximum exposure and here there is certainly an element of enlightened self-interest, as every charity that partners with Wishcoin will add to confidence to coin and subsequently a price rise. If successful, the next step will then be to work with businesses that support the charitable partners to enable payments and/or donations on their platforms. Cryptocurrencies have made significant inroads since Bitcoin was first launched, and the cryptocurrency market has grown to a total market capitalisation that recently breached $120 billion. The token initial coin offering (ICO) will take place on 14 October 2017 with 200 million Wishcoins to be distributed. Thirty per cent of the funds received during the ICO will be donated to charities. Continue reading >>

New Cryptocurrency Platform To Revolutionise Charity Giving

New Cryptocurrency Platform To Revolutionise Charity Giving

New cryptocurrency platform to revolutionise charity giving New cryptocurrency platform to revolutionise charity giving A new company, Giftcoin, is hoping to launch an online giving platform this year that will use blockchain technology to bring about a revolution in charitable giving by helping charities to be more transparent and build better relationships with donors. The company plans to use blockchain technology a method of recording transactions using a peer-to-peer network to create a giving platform using a new cryptocurrency, also called Giftcoin, to donate to charity. Using smart contracts, Giftcoin plans to keep donors informed about how the charities they support are progressing and only unlock funds once certain requirements have been fulfilled. For example, if a donor has given money to a charity planning to build a well, the project could be broken down into three stages: finding the land, building the well, handing it over to the community. After each milestone is reached, donors will be told. Once this has been independently verified, the next stage of funding will be released to the charity. The company will also build an app to enable members of the public to donate small amounts each time they make a purchase by rounding the amount up. It will charge a fee to anyone wanting to move their accumulated tokens off the platform, or to anyone wanting to convert another cryptocurrency into Giftcoin. The founders are Alex Howard, a serial entrepreneur whose ventures include the UK charity Optimum Health Clinic, Tim Bichara, a technologist and entrepreneur, Jonathan Beddoes, a technology entrepreneur, Chris Cain, a systems analyst, and Ben Evans a blockchain enthusiast who has worked for Morgan Stanley and Deutsche Bank. The company has a number of charity a Continue reading >>

How Cryptocurrency And Blockchain Are Changing Philanthropy: Expert Take

How Cryptocurrency And Blockchain Are Changing Philanthropy: Expert Take

How Cryptocurrency and Blockchain are Changing Philanthropy: Expert Take Blockchain-based systems help givers and beneficiaries to interact more directly and improve the reputation of charities In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to [email protected] . Much of the growing interest in Bitcoin and other digital currencies has focused on getting and not giving. But flying under the radar is an exciting new trend toward leveraging cryptocurrencies for philanthropy. Over the last few years, a number of charities and foundations have been trialing Bitcoin donations. These include such well-known organizations as the Red Cross, Save the Children, United Way and the Electronic Frontier Foundation. Cryptocurrency donations to charity are clearly on the rise. Fidelity Charitable, which houses the nations largest donor-advised fund, received $69 mln in cryptocurrency donations in 2017, up from $7 mln received in 2015 and 2016 combined. Beyond charity donations are many innovative platforms and projects happening in the emerging crypto-philanthropy space. These include crowdfunding platforms such as BitHope , which allows donors to make Bitcoin donations to selected charities for their fundraising campaigns. Besides, some new tools like GiveTrack and Alice can track the flow of donations from donor to a donee openly, and to verify what charities have received and achieved, all on a Blockchain. Beyond cryptocurrency do Continue reading >>

More in bitcoin