Who has returned donations or contributions from FTX amid the firm’s reputational risks?
Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds? Bankman-Fried said in May […]
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations. Two new projects have been announced in December, including one that provides cash aid to Ukrainian refugees through the Stellar network and another that plans to offer cash and vouchers through the […]
What the Russia-Ukraine conflict has revealed about crypto
The Russia-Ukraine conflict has tested the capabilities of crypto in a real-world conflict where sanctions and inventive blockchain crowdfunding models abound. The war, which is drawing into its ninth month, has uncovered a raft of blockchain benefits, such as the capacity to support humanitarian endeavors. It has also revealed how much control national authorities can […]
NFTs and crypto provide fundraising options for breast cancer awareness
The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes. While these methods are still new, NFT projects for philanthropy have been met with relative […]
Polygon partners with ocean conservation NGO to advance ocean literacy
Happy birthday Hal Finney: Crypto community honors world's first known Bitcoiner
Finney was also the first person to publicly run Bitcoin (BTC), going down in the annals of crypto Twitter history with a famous tweet that often resurfaces: Raise a glass to the world’s first Bitcoiner today. Hal Finney, the first person to receive a Bitcoin transaction from none other than Satoshi Nakamoto would have celebrated his […]
Cashing out Bitcoin to save a dog’s life from cancer is 'the moon for us'
How much is a doggo’s life worth? For one Redditor, “dojeckahedron” saving their pooch from the clutches of cancer is worth their entire Bitcoin (BTC) stack. In a tearjerker of a Reddit post, the dog owner from the States shared a photo of their pooch, Derby. The message said they cashed in all of their […]