n A Chinese ministry has confirmed blockchain will be used in charity donations tracking revampn
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UK Charity Taps Blockchain Platform to Boost Trust in Donations
British charity English Heritage has joined the Giftcoin platform, which tokenizes donations for the purpose of traceability.
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US Olympic Luge Team Welcome Bitcoin Donations
As Olympians in Pyeongchang, Korea perform to huge audiences in the popular events of skying, snowboarding and hockey. Less popular US lugers have turned to Bitcoin to fuel their sleds.
Bitcoin funds US luge team
The USA Luge Foundation began campaigning for donations of Bitcoin using Medium since December of 2017. The team is the first Olympic group to set up its own Bitcoin wallet to accept donations.
USA luge marketing director and former double silver medalists Gary Sheer said that matching Bitcoin to the US luge endowment fund is a natural fit;
“You know, we hear a lot of jokes about lugers being crazy, and people don’t know why we do it. But luge is something that gets into your blood and transforms your life and the Bitcoiners we’ve met know exactly what it’s like to be all in on something that the world doesn’t appreciate yet. We’ve looked at Bitcoin hard, and it is definitely a risk-reward we understand and are eager to take.”
Although no Olympic team is allowed to have any type of advertising on their uniforms or equipment during the games the team has promised to promote the cryptocurrency in up and coming competitions.
The team has laid out a rewards schedule depending on how much Bitcoin they raise in the future.
- 5 BTC – Bitcoin’s logo will appear on team hats and memorabilia hats.
- 10 BTC – Above, including Bitcoin logo sewn onto all luge team outerwear for the
- 2018 season (excluding the Winter Olympics).
- 25 BTC – All of the above, including Bitcoin logo of sleds for the next two seasons.
- 50 BTC – All of the above, with Bitcoin logo on sleds for next four seasons.
- 100 BTC – All the above including Bitcoin logo on team skin suits for four years (excluding Olympics).
For 21 million the team promised to find ‘Satoshi and get him on a sled’ – 21 million is the finite number of Bitcoins.
Cash only at Olympic Village
Being that South Korea is a major hub of cryptocurrency trading and the Olympics an international event one would expect vendors and facilities to accept Bitcoin and other cryptocurrencies during the events.
That is not the case though. According to Forbes there is only one place to spend your Bitcoin, a single ski rental shop at the Olympic Village. Many were expecting vendors to take up the platform Coinduck which allows payment in Etheruem and then pays the local vendor in Korean Won. The lack of cryptocurrency at the games could be a reflection of the countries current conflicted views on regulating cryptocurrency markets.
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“Game Chaingers”: UNICEF Accepts Donations via Cryptocurrency Mining
UNICEF has launched Game Chaingers in an effort to bring together gamers and crypto-enthusiasts from across the globe to have them unite their computing power for a good cause.
In an effort to raise funds for victims in war-torn Syria, UNICEF is putting solidarity in the blockchain, asking gamers and crypto-enthusiasts to lend their powerful graphics processors to help the humanitarian fund mine cryptocurrency — specifically, Ethereum. This is the new project named Game Chaingers, and joining it is as easy as going to its website and providing a few details about your system so it can configure and install the mining software.
UNICEF says it created the project out of the need to find new donors, since most of its benefactors are already over 50 years old. By their thinking, asking to borrow computers’ processing power — instead of directly asking for cash — is a novel way to allow those who aren’t normally in the position to give to charities an opportunity to contribute.
This isn’t the first time the humanitarian organization has expressed interest in utilizing blockchain technology. In October of last year, UNICEF Ventures co-founder Chris Fabian said the company will not shy away from experimenting with the technology: “If we are in a place to look at designing our own token, look at others to help design theirs in a way that we can be a part of, and potentially also have a crypto-denominated investment fund, those would all be things that would be on our roadmap for the near future.”
“To participate in this operation, all you need to do is to install Claymore, a mining software,” the Game Chaingers website reads. “You will be able to start or stop mining when you want, and generate Ethereum right in UNICEF’s electronic wallet.” According to a spokesperson for the organization, running the mining program won’t cause users’ computers to consume more electricity. UNICEF will only borrow part of your processing power and only asks “for a punctual and brief participation.”
For those who want to contribute but lack the computing resources to do so, it’s easy to chip in with direct donations. UNICEF has posted the address of its Ethereum donation wallet on the official Game Chaingers website, which can be found here. Game Chaingers’ mining efforts will continue through March 31st.
The post “Game Chaingers”: UNICEF Accepts Donations via Cryptocurrency Mining appeared first on NewsBTC.
Wikileaks to Accept Additional Cryptocurrencies for Donations
Julian Assange stated in a Tweet that Wikileaks is seeking to add new cryptocurrencies in the future after FPF announced the closure of its support.
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The New Bitcoin Jesus Ver Triggers $700k in Bitcoin Donations To Antonopoulos
Andreas Antonopoulos has expressed gratitude but gone offline after supporters sent him almost 50 BTC in donations. 49 BTC Donated After Ver&8217s Criticism After Bitcoin.com owner Roger Ver appeared to criticizeAndreas Antonopoulos,the Mastering Bitcoin author, for not owning more bitcoins, community members rallied, donating around 49 BTC to his address in the past 24 hours. Conspicuous among the many donations made to Antonopoulos is one payment of 37 BTC 0,000. Reacting to the news, A
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Archive.org Secures More BCH Than BTC Donations in 2017
n According to the digital library service, it has received more than ,800 worth of Bitcoin Cash so far in 2017, which is more than twofold higher than the donations in Bitcoin.n
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