Skip to content Skip to sidebar Skip to footer

Save the Children Now Accepts Bitcoin Cash Donations

Making donations is a great way for the cryptocurrency community to spread acceptance for peer-to-peer electronic money to new people and institutions. And options for giving with bitcoin cash to your supported causes are expanding all the time, with organizations such as Save the Children joining in.

Also Read: Alcor Life Extension Foundation Now Accepts Bitcoin Cash Donations

Save the Children Adds More Crypto Capability

Save the Children, which helps protect children from the effects of war and violence, has announced today the relaunch of its cryptocurrency fundraising capability effective 3 December, 2019. The global humanitarian organization is now able to accept multiple digital assets in automated fashion through its website including bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), zcash (ZEC), litecoin (LTC) and the gemini dollar (GUSD).

The organization initially accepted bitcoin donations in 2013, in response to Typhoon Haiyan that struck Southeast Asia and devastated the Philippines. By accepting multiple cryptocurrencies, Save the Children is now offering more supporters with diverse cryptocurrency portfolios the ability to support the charity in a tax efficient way. The organization explains that the IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax deductible on the donor’s tax returns.

“Beyond cryptocurrency contributions, what if blockchain technology could be used to make supply chains more efficient, transactions more transparent and end world poverty through decentralized universal basic income as a form of unconditional cash vouchers? That would be a dream worth HODLing on to,” stated Ettore Rossetti, Senior Director of Social & Digital Innovation of Save the Children. He added, “Since our founding 100 years ago, Save the Children has reached more than 1 billion children. Perhaps the next Bitcoin billionaire can help us reach the next billion children.”

Save the Children Now Accepts Bitcoin Cash Donations

Save the Children is working with The Giving Block, which helps equip nonprofits with the tools and techniques to effectively raise funds with cryptocurrency. The organization’s crypto donations relaunch is part of the Bitcoin Tuesday initiative, which offers a cryptocurrency twist on Giving Tuesday, a day held on the Tuesday after Thanksgiving that encourages philanthropy.

Discussing this year’s campaign, Alex Wilson, Co-Founder of The Giving Block said, “Giving Tuesday inspires millions around the world to support and give to the causes that matter to them. But, despite the enhanced tax benefits that crypto donations can offer donors, the day has failed to capture the attention of crypto donors in years past.” His colleague, Co-Founder Pat Duffy added that, “Bitcoin Tuesday will introduce a largely traditional audience to Bitcoin and other cryptocurrencies, driving crypto adoption. When nonprofits accept crypto donations, the world sees crypto as the force for good we know it to be.”

Bitcoin Cash Donation Options Are Expanding

Among the many organizations participating in Bitcoin Tuesday, as listed on the initiative’s website, you can see a number that should be familiar to the Bitcoin Cash community. These include the Tor Project, which advances human rights and freedoms by deploying free and open anonymity and privacy technologies, as well as the Liberland Aid Foundation, which is the humanitarian arm of the Free Republic of Liberland.

If you are looking to donate using bitcoin cash you should also check out the options available on Freedom.Bitcoin.com. Here you can stand up for liberty, freedom, and inalienable human rights by supporting causes that include Free Ross Ulbricht, Defense Distributed Defense Fund, and Eatbch. The last is easily recognized as the Bitcoin Cash community’s favorite charity because the nonprofit organization has been using BCH to help feed people throughout Venezuela and South Sudan.

Free Ross Ulbricht is focused on the case of the young man with no criminal history who was sentenced to over 40 years in prison without parole for creating the Silk Road website, an online marketplace using cryptocurrency and the Tor browser enabling anonymous exchange of a variety of goods. The Defense Distributed Defense Fund helps support the costly legal battle of the creator of world’s first gun made with a 3D Printer.

Save the Children Now Accepts Bitcoin Cash Donations

In the last couple of years the ability to donate with bitcoin cash has expanded to even more fields. For example, in August the Alcor Life Extension Foundation began accepting BCH donations for its cryonics research and operations in Scottsdale, Arizona. Alcor was convinced by Bitcoin.com’s executive chairman Roger Ver to add BCH acceptance, the same person who convinced Alcor to accept BTC payments back in 2014.

A popular website that focuses on U.S. court documents and the litigation system, the Free Law Project’s Courtlistener.com, started accepting BCH for donations in June. Courtlistener captures hundreds of thousands of visitors every month by making high quality legal data widely available.

The Wikimedia Foundation, the nonprofit that operates Wikipedia and similar free knowledge projects, partnered with Bitpay in January to accept BCH and BTC donations. Bitpay works with many large non-profits to allow them to accept cryptocurrency donations, and reported that donations have increased dramatically in the last couple of years, especially at the end of the year as people look for tax benefits. The service reportedly processed several multi-million dollar donations to non-profits in 2018.

In September 2018 the French office of the United Nations Children’s Fund (UNICEF) started accepting donations in 9 of the most popular cryptocurrencies, including bitcoin cash. Even some religious groups accept BCH, like an evangelical church from the largest city in Switzerland, ICF Zurich, which began accepting voluntary offerings from its parishioners using cryptocurrency in January 2018.

What do you think about Save the Children accepting bitcoin cash 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 Bitcoin.com Markets, another original and free service from Bitcoin.com.

Avi Mizrahi

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.

Avi Mizrahi , 2019-12-03 14:45:49 ,

Source link

Leave a comment

NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

Source link