Follow up
Cryptocurrencies are proving useful in facilitating fast and unencumbered donations during crises, as recently seen during earthquake relief efforts in Turkey and Syria.
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Donations News
Cryptocurrency donations are gaining more and more popularity over time. As most cryptocurrencies are still in the so-called legal “gray zone” and have no need to be explained to authorities or be subject to taxationation, their use is very suitable for media creators, publishers and different digital communities. There has been a lot of fascinating news about cryptocurrency donations, such as Potcoin funding Dennis Rodman’s trip to North Korea in an attempt to bring peace for Guam, proving it’s safe during the US-North Korea political conflict. The Dogecoin community is also famous for their donations. For example, they were involved in some interesting charity cases, such as raising fifty thousand dollars for the Jamaican Bobsled team to go to the Sochi Winter Olympics in 2014 and thirty thousand dollars to build a well in the Tana river basin in Kenya.
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Since Russia’s invasion a year ago, there’s been $28.9 million in Ether donated to Ukraine, as well as $22.8 million in Bitcoin and $11.6 million in Tether.
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Russian military forces invaded areas of Ukraine in February 2022, and workers at businesses including Everstake have faced life in shelters and the constant threat of shelling.
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Crypto campaign contributions less than $100 would be acceptable under the bill, provided the receiver immediately converts the funds to USD and does not hodl them.
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The former FTX chief of staff reportedly “donated” FTT tokens he had obtained at a price of $0.05, later selling them after public trading opened for $1.
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The Ethereum co-founder has sent around $227,000 in ETH to two Turkish earthquake relief organizations.
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According to Binance CEO ‘CZ’, Binance is working on more efforts to help
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Crypto donations are so much more than just peer-to-peer Bitcoin and Ether transactions.
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FTX's new management is seeking to recover millions of dollars donated by Future Fund and SBF.
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According to the FEC, DataVault will receive “reasonable compensation” for each NFT issued to contributors as well as track all tokens issued for its own records.
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Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions.
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Democratic members from the DNC, the DCCC and Congressman Hakeem Jeffries were contacted by SBF prosecutors for information to aid their ongoing investigations.
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A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from Sam Bankman-Fried.
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Sam Bankman-Fried previously told crypto vlogger Tiffany Fong that all his Republican donations "were dark."
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Some online are floating around theories that SBF will get away with misappropriating and losing user funds because of his large donations to politicians.
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