Categories
Archive

$55 Million: Pineapple Fund Bids Farewell after Making Final Anonymous Donation

Last year in December, a Redditor decided to give majority of their bitcoins to various charities, calling it the Pineapple Fund. The anonymous philanthropist created a website and began accepting applications from non-profit organizations. The goal was to donate 5057 BTC, worth almost $86 million back when one BTC was valued at $17,539. Today, the benefactor “Pine”, who […]

Categories
Archive

Open Source Community KDE Receives $200,000 in Bitcoin from The Pineapple fund

Today open-source community KDE received $200,000 from The Pineapple Fund. KDE is an open-source community that creates free software for both desktop and portable systems. For Linux systems, KDE is well-known for its Plasma desktop and applications including Dolphin file manager and Kontact – a personal information suite. The software is used by millions of […]

Categories
Archive

Internet Archive Sees Big Donations from Vitalik Buterin and the Pineapple Fund

Vitalik Buterin last week donated 100 Ethereum to a digital media charity. At current prices this equates to $93,469, however, the charity will receive $186,938 as The Pineapple Fund is matching all donations up to one million dollars. The recipient of the cryptocurrency philanthropy was the Internet Archive, a nonprofit digital library aiming to provide “universal access to all knowledge”. It’s […]

Categories
Markets

Pineapple Fund’s $5 Million Bitcoin Donation Boosts Medicine Foundation

Cryptocurrency philanthropy is spreading. The Pineapple Fund, whose founders remain anonymous, has given $5 million worth of bitcoin to the Agoura Hills, Calif.-based Open Medicine Foundation (OMF) over two separate donations. The funds, which were deposited into the nonprofit’s BitPay account and which are reportedly being converted to US dollars, are being directed toward “accelerating much-needed […]

Categories
Archive

CryptoKitties Auctions $25k ‘Honu Kitty’ Collectible to Fund Ocean Preservation

The world’s biggest blockchain game, CryptoKitties, has collaborated with marine conservation organizations to create a rare cat named “Honu Kitty”. It is the first environmental-friendly collectible that draws attention towards the protection of endangered sea turtles. Ocean Elders and ACTAI Global, two different communities consisting of global leaders, athletes and technologists focused on preserving environment, teamed up […]

Categories
Archive

Ripple Funds All 35,000 DonorsChoose Classroom Projects with $29 Million Donation

Cryptocurrency startup Ripple has funded all 35,000 classroom projects on educational crowdfunding website DonorsChoose with a $29 million donation, the largest gift the non-profit has ever received. DonorsChoose and Ripple unveiled the San Francisco-based company’s donation on Tuesday in a video announcement, explaining that the $29 million gift was enough to fund all 35,000 projects […]

Categories
Cryptocurrency News

Vitalik Buterin Cashed Out Large Sums of ETH During 2017 Crypto Frenzy

Ethereum mastermind Vitalik Buterin, who holds 350,000 ETH in his main wallet address, allegedly cashed out $40 million worth of ETH between June 2017 and February 2018. The findings came to light by Alex Sunnarborg, a founding partner of the crypto hedge fund Tetra Capital, who dug into Vitalik’s historical account data. The Breakdown of […]

Categories
Markets

Free Software Foundation $1 Million Bitcoin Donation Reduced by $140,000 Before Conversion

Last January, the Free Software Foundation received a donation of $1 million or 91.45 BTC from the Pineapple Fund. The donation, which was expected to be used to “empower free software activists and developers around the world,” has seen a drastic reduction in value due to the effects of last year’s downturn in the crypto market. […]

Categories
Archive

Binance Donates $1 Million Towards Victim Relief for West Japan Floods

Binance, the world’s largest cryptocurrency exchange, pledged $1 million for the victims of the floods in West Japan. In an official post, Binance stated: “To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $1,000,000 USD and calling for our crypto friends and partners to […]

Categories
Archive

Bitcoin Charity Sends Free Software Foundation $1 Million Donation

The Free Software Foundation (FSF) has recently received a 91.45 BTC (roughly $1 million) donation from the anonymous founder of the Pineapple Fund, a bitcoin charity set to donate a total of 5,057 BTC, at press time worth about $54 million, to various organizations. We're overjoyed to announce that the FSF has received an extraordinary […]

Categories
Archive

Bitcoin Charity Makes $5 Million Donation to Basic Income Experiment

The anonymous founder of bitcoin charity Pineapple Fund struck it rich investing in bitcoin, and now they are using that wealth to help rural Kenyans trapped in extreme poverty. Pineapple Fund Makes $5 Million Donation to GiveDirectly On Friday, “Pine,” the alias of the Pineapple Fund’s founder, announced on the Basic Income subreddit that the […]

Categories
Markets

Why This Unholy Trinity of State-Run Crypto Projects Could Poison Donald Trump’s Stance on Bitcoin

For a man as verbose as US President Donald Trump, the former real estate developer and reality television star has had little to say about bitcoin. However, there are a growing number of reasons to expect that when Trump finally does address the subject of cryptocurrency, it won’t be to praise the innovative nature of […]

Categories
Archive

Coinbase Founder Launches Crypto Charity Platform

Coinbase CEO Brian Armstrong has launched GiveCrypto, a new charity platform which will hold and distribute cryptocurrencies to people in need, according to a Medium post, published June 27. Armstrong said that while he believes cryptocurrency has the potential to create more innovation and change the world, the reputation it has involves flashy cars and […]