Tagbitcoin donation

Dow, Bitcoin Take Steep Losses as Government Shutdown Extends to 24th Day

donald trump government shutdown trade war dow jones

Both the Dow Jones Industrial Average and bitcoin price took steep losses on Monday, as high-risk assets and traditional investments alike grappled with the ramifications of the government shutdown, a growing US-China trade imbalance, and bearish technical indicators. Dow Poised to Open to Steep Losses on Monday As of 8:35 am ET, Dow futures implied a loss of 196 points or 0.82 percent at the...

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. $1 Million Donation Reduced By $140,000 By The Time It Was...

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

Fidelity Bitcoin

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...

"Tipping Tuesday" Spurs Charitable Bitcoin Donations

Yesterday, reddit user steeevemadden made a post on /r/Bitcoin proposing a "Tipping Tuesday": a day during which Bitcoiners donate via ChangeTip to charitable organizations over Twitter. Surprisingly, the proposal took off, and many Bitcoiners are participating in this event actively. Roughly every minute, a new tip is sent over Twitter. You can check the tips being sent by searching for the...

Yelp Director, Luther Lowe, Makes Bitcoin Donation to ASMSA

ASMSA Bitcoin Gift

Luther Lowe, the Director of Public Policy at Yelp, has made a $10,000 Bitcoin donation to his alma mater, the Arkansas School for Mathematics, Sciences and the Arts (ASMSA). The payment was made online through BitPay while Luther Lowe was on stage at ASMSA's commencement ceremony. Sadly, ASMSA didn't keep the Bitcoin as they used Bitpay to cash out the Bitcoin immediately to fiat. In short...

Wisconsin Government Accountability Board Forces Candidate To Return Bitcoin Donation

This morning, Pfhub reported that Alderman Mark Clear of Wisconsin had returned a Bitcoin donation accepted by his political campaign for State Assembly.  The Wisconsin Government Accountability Board (GAB) had previously ruled not to allow Bitcoin or any Digital Currency donations given their value fluctuation and non-negotiable value status.  Though people in the GAB have voiced suggestions for...

Libertarian Party Of Texas And Other Political Organizations Accept Bitcoin Donations

The Libertarian Party of Texas announced their acceptance of Bitcoin donations recently: "Accepting Bitcoin offers our members and donors another option when it comes to financial contributions to the Libertarian Party of Texas," said Patrick Dixon, Chair, Libertarian Party of Texas. "I am very proud that our party is the first in Texas to accept Bitcoin." For a full list of Political...

Texan Congressman To Introduce Virtual Currency Tax Reform Act

Earlier today, Congressman Stockman (TX-36) announced on his website in a press release that he plans to introduce the "Virtual Currency Tax Reform Act."  I wish he had taken it a step further and called it the "Digital Currency Tax Reform Act," but one can only have so many wins in a day.  This piece of legislation, if enacted, would revise the IRS Virtual Currency Guidance released very late...

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