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Launched in November 2021, non-fungible token (NFT) marketplace Orica (ORI) held itself as an "ethical platform" benefitting artists, collectors, and charities alike. At the time, the organization was involved in prominent projects such as building a school in Uganda to aiding victims of human trafficking, to helping Ukraine. But less than
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According to a press release, this partnership has tripled the number of verified charitable organizations willing to accept digital assets, broadening the reach of digitally-native donors who want to contribute to social causes. In addition, donors can now make tax-deductible gifts using more than 1,000 digital currencies and assets to
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That’s legitimate, Bankman-Fried argued; the Substack post said he “didn’t steal funds.” Alameda’s ex-CEO Caroline Ellison has, however, pleaded guilty to charges including commodities fraud, which includes the allegation that she misappropriated FTX customer funds to satisfy Alameda’s souring loans. Source
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FTX's new management is seeking to recover millions of dollars in donations made by the crypto exchange and its former CEO Sam Bankman-Fried, reports the Wall Street Journal. At the end of September, FTX's charity arm, Future Fund, had committed more than $160 million to over 110 nonprofit organizations, including biotech
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On June 11, Consensus hosted MetaGala, one of the major events of Consensus 2022 that brings together crypto investors, influencers, and artists from the cultural sector, the crypto space, and the fashion industry. For the last seven years from 2015, Consensus has been the most influential summit in the world
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Al Jalila Foundation, the United Arab Emirates charitable organization, recently announced that it has been given permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding via what is described as one of the fastest-growing donation methods. Accepting Crypto Expands Foundation’s Donation Channels A United
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The holidays are the perfect time of the year for giving back, and the rise of cryptocurrencies has created even more opportunities for charitable initiatives. This was highlighted during Giving Tuesday 2021, the Tuesday after Thanksgiving which saw over $2.4 million raised in cryptocurrency from the nonprofit fundraising platform The
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DoinGud, an NFT ecosystem focused on inspiring creativity and positive social impact, launched its full platform featuring NFT artists from H+ Creative, a women led boutique creative studio that represents a tight-knit roster of top-tier, diverse international artists. The platform also welcomed the top charity in America United Way, an
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In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.The United Nations General Assembly (UNGA) is holding its 76th annual meeting between
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Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations, according to its recently published report.In its “2019 Giving Report,” Fidelity Charitable illustrated account development throughout 2018, and provided insights into its growth since its establishment. Generally, the number of donors reached 204,292 in 2018, while back
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