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| October 23, 2018

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Sheriff Accused of Embezzling Donations Meant for Schools

October 18, 2018 |

In another case of alleged embezzlement by a public official, an Oklahoma sheriff is accused of stealing some $ 6,000 worth of school supplies to be used to bolster his campaign, Tulsa World reports. Nowata County Sheriff Kenny David Freeman was arrested Wednesday on one charge of embezzlement. The 43-year-old…
Newser

TMZ

Hollywood’s Political Donations for Democrats Strong Even Before Taylor Swift’s Plea

October 11, 2018 |

Taylor Swift certainly talked a big game by endorsing 2 candidates in Tennessee, but a bunch of other celebs are doing more than talking — they’re paying to support their fave Democrats.  We did some digging into 2018 Federal Election…

TMZ.com

Binance Exchange to Replace Token Listing Fees With Donations

October 8, 2018 |

Binance Exchange to Replace Token Listing Fees With Donations

The popular Binance exchange has decide to replace its token listing fees with donations. The move follows a recent wave of strong criticism against cryptocurrency exchanges for the supposedly excessive fees they charge projects.

Also Read: Binance Wants to Invest in Africa, Reaches Out to African Projects

Donations Instead of Fees

Binance Exchange to Replace Token Listing Fees With DonationsThe Binance exchange has announced today a major change to its token listing fee policy. The team revealed that: “Starting immediately, and going forward, we will make all listing fees transparent and donate 100% of them to charity.”

According to the new policy, leaders of any project will be able to determine their desired fees (donations) themselves. Binance’s charity initiative will then disclose those sums to the public. The company claims it will not dictate any minimum viable donation fees. “A large donation does not guarantee or in any way influence the outcome of our listing review process,” added Binance CEO Changpeng Zhao.

400 BTC per Listing?

Binance Exchange to Replace Token Listing Fees With DonationsThis move can be seen as part of Binance’s recent drive to push crypto adoption into the philanthropy scene. Back in July of this year the company launched the “Blockchain for Charity” foundation, led by United Nations Goodwill Ambassador Helen Hai in partnership with the president of Malta, with the stated aim of helping the U.N. narrow down its Sustainable Development Goals funding gap.

The change can also be seen as a response by Binance to a wave of strong criticism hitting all popular cryptocurrency exchanges this year for the supposedly excessive fees they charge projects, which desperately need such platforms to reach more investors. This issue has been on the mind of the Binance leadership for a while now and Changpeng Zhao has addressed it before. Back in August we reported that the CEO publicly denounced as a liar a project founder who claimed Binance demanded 400 BTC to list a token.

How should exchanges decide which tokens to list? Is it legitimate to charge a fee? Share your thoughts in the comments section below.


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Bitcoin News

UNICEF France Accepts Donations in 9 Cryptocurrencies

September 23, 2018 |

UNICEF France Accepts Donations in 9 Cryptocurrencies

The French office of the United Nations Children’s Fund (UNICEF) has started accepting donations in 9 of the most popular cryptocurrencies, including bitcoin cash (BCH) and bitcoin core (BTC). The announcement comes after earlier this year the UN agency launched several other crypto-related initiatives.

Also read: Taiwanese Candidate Accepts Crypto Donations, California Bans Them

UNICEF Accepts Crypto Donations in France

UNICEF FranceUNICEF France Accepts Donations in 9 Cryptocurrencies has announced it’s now accepting donations in 9 cryptocurrencies, according to a press release published by French media. The local office of the organization collects contributions in some of the most widely known digital coins, including bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), eos (EOS), monero (XMR), dash (DASH), and stellar (XLM).

Donations in all supported cryptos are currently accepted directly through the website of the French branch, the Cryptonaute outlet reported. Commenting on the announcement, the director of UNICEF France, Sébastien Lyon stated:

Cryptocurrency and blockchain technology used for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.

The UNICEF official pointed out that cryptocurrencies and crypto technologies represent an innovation in fundraising for solidarity but are still employed by few organizations in the field. At the same time, he noted the positive trend in regards to the spread of cryptocurrency donations.

UNICEF France Accepts Donations in 9 Cryptocurrencies

Announcement Follows Two Successful Crypto Campaigns

This isn’t the first crypto-related initiative of the United Nations Children’s Fund. In February, UNICEF launched a fundraising program to collect funds needed for the protection of the children suffering from the civil war in Syria.

UNICEF France Accepts Donations in 9 CryptocurrenciesThe campaign called “Game Chaingers” was targeting computer gamers. Participants had to download and install a special mining software application from the organization’s website. Their PCs were then used to mine ethereum for the program.

Later, in May UNICEF Australia started a similar campaign through a dedicated website called “The Hopepage”. Visitors are asked to share some of their computing power to mine and donate cryptocurrency by simply opening the page and consenting to their devices being used to process crypto transactions while surfing the internet.

As of the time of writing, more than 22,000 people are currently mining and donating cryptocurrency via the platform set up by the Australian office of the UN agency.

Do you agree that cryptocurrency provides a great alternative for charities and humanitarian organizations to collect funds? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, UNICEF France, Smartmockups.


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The post UNICEF France Accepts Donations in 9 Cryptocurrencies appeared first on Bitcoin News.

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Taiwanese Candidate Accepts Crypto Donations, California Bans Them

September 22, 2018 |

Taiwanese Candidate Accepts Crypto Donations, California Bans Them

Using cryptocurrency for political donations has been a hot topic in many societies. Two recent developments demonstrate different views on the matter. A Taiwanese politician who has accepted bitcoin from his supporters believes crypto donations can help keep his country’s political system clean and transparent. At the same time, the California campaign watchdog says cryptocurrency can raise questions about transparency and is hard to track.

Also read: Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

Bitcoin Donations Help Transparency, Taiwanese Politician Says

Cryptocurrency has entered Taiwanese politics. A candidate for the Taipei City Council announced on social media he had accepted a number of small bitcoin donations – a first, according to local media reports. Hsiao Hsin-chen, a representative of the minority New Power Party, received the digital cash worth NT$ 10,000 (~US$ 325) from anonymous supporters. The money was sent after an announcement on Facebook last month that his campaign is ready to accept donations in BTC.

Taiwanese Candidate Accepts Crypto Donations, California Bans ThemIn his call for support, Hsiao said the development has political as well as technological implications. Crypto donations could help keep Taiwan’s political system clean, he stressed, quoted by the Taiwanese Business Next outlet. The nature of the cryptocurrency, the fact that every transition is recorded on a public blockchain, can lead to more transparency, he added. “Accepting bitcoins as a political donation is more symbolic than the act appears,” claimed the politician.

In Taiwan, crypto contributions are currently classified as non-cash political donations – a definition given by the Interior Ministry. According to the country’s recently updated Political Donations Act, candidates can accept up to NT$ 10,000 from anonymous donors, a limit that applies to the value of donated cryptocurrency as well.

If the sum exceeds the maximum amount, politicians are obliged to return the excess money to the donor or hand it over to the state. However, it’s unclear how the value of crypto donations will be estimated as the prices of digital assets can change significantly in a short period. Control Yuan, a government monitoring agency, has advised candidates to keep full records of their donations.

‘Independent’ Commission Says No to Crypto Donations in California

Officials in the US state of California, however, share a different view of campaign contributions in crypto. A commission charged with overseeing the political process in the Golden State has recently announced that donations cannot be made with cryptocurrency such as bitcoin, according to an Associated Press report. On Thursday, the Fair Political Practices Commission (FPPC) voted 3-1 to ban them. The watchdog says it may be hard to track the origin of cryptocurrency contributions which could raise questions about transparency.

According to its website, the FPPC is an “independent, non-partisan” commission responsible for the administration of the state’s Political Reform Act which regulates campaign financing along with other potentially controversial aspects of political campaigns such as conflicts of interest and lobbying. Promoting transparency and fostering public trust in the political system are two of its core objectives.

Taiwanese Candidate Accepts Crypto Donations, California Bans Them

The Commission is composed of five members appointed for four-year terms. The Chair and another member from a different party are appointed by the Governor. The other members are appointed by the State Controller, Secretary of State and the Attorney General. No more than three commissioners may be from the same political party. Currently one of the seats is vacant, which may be interpreted as a positive in terms of finding the balance in the generally bipartisan political landscape of the US.

A similar body on national level, the Federal Elections Commission (FED), allows bitcoin donations to federal candidates. In 2014 the FED decided that every US citizen can donate cryptocurrency worth up to $ 100. A number of states have already addressed the issue as well – Colorado and Montana allow crypto contributions with certain restrictions, South Carolina and Kansas have banned them. In April, the Wisconsin Ethics Commission discussed a proposal to cap crypto donations with the limit applicable to cash contributions – $ 100. Larger donations require a credit card or a bank check.

What is your opinion about campaign contributions in cryptocurrency? Share your thoughts on the subject in the comments section below.


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The post Taiwanese Candidate Accepts Crypto Donations, California Bans Them appeared first on Bitcoin News.

Bitcoin News

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

July 26, 2018 |

U.S. Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin Donations

In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the form of bitcoin despite a state Ethics Commission finding that cryptocurrency donations may not be legal.

Also Read: Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos

CFTC Chairman Warns Regulator is Failing to Keep Pace with Crypto and DLT

U.S. Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin DonationsWhilst speaking to the House Committee on Agriculture during a Congressional hearing on the “upcoming agenda for the CFTC” that took place on the 25th of July, J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission, warned that the CFTC is falling behind its international counterparts with regards to regulation in the spheres of cryptocurrency and distributed ledger technology.

“We’re falling behind. Just two days ago, the Bank of England announced that they’re putting in a new bank-to-bank payment system in the U.K., and it’s gonna be blockchain-compliant. And they’ve had the last four years […] to participate in all these blockchain beta tests that we’ve not been able to participate in. […] So I feel like we’re four years behind, because we do need to test it, […] we need to see how it can help us do a better job as regulator. […] Emerging financial technologies are taking us into a new chapter of economic history. There’s a lot of coordination going on,” the CFTC chairman said.

Mr. Giancarlo also promoted a bill put forward by Ag Committee member Georgia Representative Austin Scott that the CFTC believes “would greatly enhance the Commission’s ability to keep pace with emerging technology, explore its potential, and facilitate its adoption.”

U.S. Congressional Bill Proposes FinCEN Mandate Covering Cryptocurrencies

Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin DonationsA Congressional bill filed by U.S. Congressmen Ed Perlmutter (D-CO) and Steve Pearce (R-NM) on July 18th seeks to establish a regulatory mandate for the United States Financial Crimes Enforcement Network (FinCEN) to examine the use of cryptocurrencies for the financing of illegal activities.

The “FinCEN Improvement Act” claims that “Although the use and trading of virtual currencies are legal practices, some terrorists and criminals, including international criminal organizations, seek to exploit vulnerabilities in the global financial system and are increasingly using emerging payment methods such as virtual currencies to move illicit funds.”

Wisconsin Libertarian Candidate Accepts BTC Donations Despite Ethics Commission Concerns

Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin DonationsLibertarian candidate for the governor of Wisconsin, and chair of the state branch of the Libertarian Party, Phil Anderson, has stated that he will accept campaign donations in the form of bitcoin, despite a state Ethics Commission finding that BTC contributions could be in violation of Wisconsin law.

“We will not allow the lack of appropriate interpretation of the current statute (to) affect the First Amendment rights of those who want to show support and contribute,” said the candidate, adding that he holds “no faith in the Assembly to handle this fairly nor expeditiously.”

Mr. Anderson asked the state Ethics Commission to permit candidates to accept political donations in the form of bitcoin and other cryptocurrencies earlier this year. In May, the commission found that “allowing cryptocurrency contributions presents a serious challenge to the commission’s ability to ensure compliance with state law,” ultimately deferring the issue to the state Legislature.

Do you expect that Mr. Anderson will face recourse for his decision to accept bitcoin donations? Share your thoughts in the comments section below!


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The post U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations appeared first on Bitcoin News.

Bitcoin News

UK Mosque Collects Four Times More Donations in Crypto Than Fiat

July 16, 2018 |

UK Mosque Collects Four Times More Donations in Crypto Than Fiat

A British Mosque has collected four times more donations in cryptocurrencies than fiat, showing another example of the growing importance of the innovative instruments in charity. People from all around the world donated to the mosque using cryptocurrency during Ramadan, including one transaction of over £5,200.

Also Read: The Daily: Poloniex Goes Mobile, Cobinhood Adds USD Fiat, Bitmain Expands

Crypto Mosque

UK Mosque Collects Four Times More Donations in Crypto Than FiatThe Shacklewell Lane Mosque, also known as Masjid Ramadan, in Dalston, East London, UK has decided to accept cryptocurrencies as charity, as we reported back in May. The move has paid off well for the house of prayer as it reportedly collected four time more donations in crypto than fiat  during the month of Ramadan. It received £13,983 from cryptocurrency donations, compared with just £3,460 from fiat donations.

The Hackney mosque’s chairman, Erkin Guney, told local media inews: “Many people at the mosque were initially sceptical about us accepting this new money, but the fact we received four times more in cryptocurrency donations shows how important it is to be open to these new digital currencies.” He added: “When the donations started to flow in, we were blown away. We received four times more in cryptocurrency donations than in cash from our local worshippers during Ramadan, and we are still receiving cryptocurrency Sadaqah [donations]. It is amazing!”

Bitcoin Charity

UK Mosque Collects Four Times More Donations in Crypto Than Fiat24 people from around the world donated to the mosque using cryptocurrency, including one transaction of over £5,200. The funds are earmarked for repairs to the facility, offering food and shelters to needy locals, as well as supporting poor Muslim families with funeral costs. Gurmit Singh, founder of London-based Islamic finance startup Combo Innovation who advised the mosque on how to support cryptocurrency donations, commented: “I hope other mosques and charities will now follow Masjid Ramadan’s lead to take advantage of this important new revenue stream”.

This is just one example how the cryptocurrency community is supporting all kinds of charitable organizations. Other recent cases include Binance donating $ 1 million to Japanese flood victims, and Paxful granting academic scholarships to female Afghan refugees in the US. And this mosque is not the first religious establishment to turn to aid from crypto users. Back in January we reported about ICF Zurich, an evangelical church from the largest city in Switzerland, which begun accepting voluntary offerings from its parishioners using cryptocurrency.

What is stopping more religious organizations from accepting crypto donations? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post UK Mosque Collects Four Times More Donations in Crypto Than Fiat appeared first on Bitcoin News.

Bitcoin News

Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns

May 19, 2018 |

Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns

The state of Colorado is considering giving political candidates the ability to raise funds using cryptocurrencies. This week the Secretary of State, Wayne Williams, presented the proposed guidelines and officials are looking for commentary from Colorado residents.

Also read: “Stablecoin” Trueusd Pumps After Binance Listing

Colorado Secretary of State May Allow Politicians to Accept Cryptocurrencies for Campaigns

Colorado Proposal Aims to Allow Cryptocurrency Donations for CampaignsColorado is a state that is well known for testing new laws and guidelines like allowing recreational cannabis throughout the state. This week politicians from the Rocky Mountain state are considering allowing political candidates to accept bitcoin and other forms of digital assets. Secretary of State Wayne Williams proposed the new rules in a draft submitted on May 16, 2018. The proposal states:  

A committee may accept contributions in cryptocurrency, up to the acceptable limit for a cash or coin contribution. The amount of the contribution is the value of the cryptocurrency at the time of the contribution. The committee must report any gain or loss after the contribution as other income or receipts.

Crypto-Campaign Acceptance: An Accounting Nightmare

In an interview with the Denver Post Suzanne Staiert, Colorado’s deputy secretary of state explains the proposal going through is likely to happen. “The FEC is doing it now,” Staiert details. “So we are just going along for the ride.”

However, the FEC advisory’s guidelines are making the accounting process more difficult explains the deputy. The FEC advisory laid out how the organization thinks committees should deal with the accounting aspects of accepting cryptocurrencies. “It’s going to be an accounting problem, potentially, for campaigns who want to use it,” Staiert further noted.

Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns
Back in 2014, U.S. Rep. Jared Polis, from Boulder Colorado accepted $ 2,000 worth of BTC for his campaign. Polis thinks politicians who hold cryptocurrencies should also declare their holdings.

U.S. Politicians Have Already Accepted Cryptocurrencies in the Past for Campaigns

A Colorado state official already has accepted donations in Bitcoin Core (BTC) back in 2014 as U.S. Rep. Jared Polis, D-Boulder accepted $ 2,000 worth of BTC that year. Other bureaucrats have accepted BTC in the past for political campaigns as well such as Rand Paul and Gary Johnson. Further, news.Bitcoin.com recently reported on the largest BTC donation given to a candidate so far this past December. The Republican U.S. Senate candidate Austin Peterson accepted roughly 0.284 BTC which at the time was worth over $ 4,500 USD.

The Colorado Secretary of State is asking state residents to comment on this issue before officials come to a decision on the matter.

What do you think about the state of Colorado allowing politicians to accept cryptocurrencies for political campaigns? Let us know your thoughts on this subject in the comments below.


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Bitcoin News

Tipping Point Gala Accepts Crypto Donations, Raises $14 Million

May 10, 2018 |

Tipping Point Gala Accepts Crypto Donations, Raises $  14 Million

A gala held by Tipping Point, a non-profit organization that seeks to invest in efforts aimed at breaking the poverty cycle in the San Francisco Bay Area, has raised more than $ 14 million USD. The gala comprises the time that Tipping Point has accepted cryptocurrency donations, with the event being attended by the respective chief executive officers of Coinbase, Ripple Labs, and Pantera Capital Management.

Also Read:  A Brief History of Hidden Messages in the Bitcoin Blockchain

CEOs of Cryptocurrency Companies Attend Tipping Point Gala

Tipping Point Accepts Crypto Donations at Gala, Raises $  14 MillionTipping Point has raised over $ 14 million during a gala in San Francisco that saw the non-profit accept cryptocurrencies for the first time. As such, the event saw attendance from many leading figures from the cryptocurrency sector.

“It’s great to see in the Bay Area because this is all about making sure that wealth is getting to people who need it most, and this helps lubricate that goal,” said Chris Larsen, the chief executive officer of Ripple.

“It’s a productive and worthwhile application from a nonprofit that’s driven by some of the most innovative minds in San Francisco,” said Dan Morehead, the CEO and founder of Pantera Capital Management.

“I think a lot more charities will be accepting crypto in the future,” said Brian Armstrong, the CEO and co-founder of Coinbase.

Donors Give ‘Crypto Gifts’ at Gala

Tipping Point Accepts Crypto Donations at Gala, Raises $  14 MillionTipping Point spokeswoman, Marisa Giller, has indicated that all “crypto gifts” received will be converted into fiat currency and spent within the next financial year. Cryptocurrency donations were encouraged through a page in the event’s programme hosting QR codes facilitating donations in the form of BTC, ETH, and XRP.

“Trust me, no one is doing this in New York yet,” auctioneer Lydia Fenet stated of the cryptocurrency donations accepted by Tipping Point.

Cryptocurrency Drives Innovation Among Charities

The cryptocurrency revolution has inspired numerous innovative fundraising efforts on the part of charities and non-profit organizations.

Tipping Point Accepts Crypto Donations at Gala, Raises $  14 MillionIn recent weeks, Unicef Australia launched The Hopepage – a website that the company states will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.” The Hopepage uses Authedmine, an opt-in version of Coinhive’s API to divert donors’ computing power to mining XMR on behalf of the organization.

News.Bitcoin.com also recently covered ‘eat BCH’, a charity using Bitcoin Cash donations to relieve hunger among Venezuelan children and citizens.

Have you ever donated cryptocurrency to a charity, organization, or random stranger on the internet? Share your experiences in the comments section below!


Images courtesy of Shutterstock, Tipping Point Community, Bloomberg


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The post Tipping Point Gala Accepts Crypto Donations, Raises $ 14 Million appeared first on Bitcoin News.

Bitcoin News

Details of Koch Donations Spur Review at George Mason

May 2, 2018 |

The Charles Koch Foundation donated millions to George Mason University, and newly released documents reveal that in exchange, the conservative foundation was granted some influence over the hiring and firing of professors. After the revelation, the president of the university ordered an inquiry into the school’s gift acceptance policy, the…
Newser