Summary Just like that, cryptocurrency and non-fungible token (NFT) digital donations are now the fastest-growing new type of donation to charities around the world. Consider these 2 top points:1. Over $300M in crypto has been gifted in the last year, and most recipient nonprofits have opted to auto-convert cryptocurrency to dollars or equivalent upon donation.2. More sophisticated ways to receive crypto gifts, like endowments and trusts, can hold cryptocurrency for future conversion. This article is for donors – it explains the benefits of making crypto donations, and describes some of the options for more sophisticated and impactful giving.Two related articles…
Author: Crypto Flexs
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The Treasury Department said North Korean cybercriminals used Sinbad to launder hundreds of millions of dollars stolen in some of the biggest cryptocurrency hacks, including Ronin Bridge and Atomic Wallet. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a cryptocurrency mixing service known to be used by bad actors such as North Korea’s Lazarus Group to launder digital assets. According to a November 29 statement, Sinbad’s platform has racked up hundreds of millions of looted cryptocurrencies in some of the biggest cryptocurrency exploits, including the $600 million Axie Infinity Ronin Bridge hack, the $100…
While the number of leaders and founders celebrated has declined in the past cryptocurrency bull market, Forbes has not been shy about honoring cryptocurrency experts with its most recent “30 Under 30” of North American financial leaders.Almost half of the slots were filled by professionals working in or related to cryptocurrencies.Chipper Cash co-founder Ham Serunjogi took first place. According to Forbes, the 28-year-old company serves more than 5 million customers in seven countries, including South Africa, Nigeria, the UK and the US, who use it to trade or make payments with cryptocurrencies. Serunjogi and his co-founder Majid Moujaled launched Chipper…
Wallet of Satoshi’s recent decision to discontinue customer service in the U.S. marks a crossroads in the evolution of Lightning as a consumer tool. Wallet of Satoshi has been invaluable in providing everyday users with a reliable, managed, yet functional and reliable tool for micropayments made on the Lightning Network. Departing from service to the United States would leave a huge hole in Lightning’s toolbox for American Bitcoin users. Management tools aren’t the ideal type of tool, especially for small volumes, but it’s impossible to deny that they have a place in this ecosystem. It’s not for everyone, and certainly…
Developed by former members of Facebook’s blockchain team (now Meta), the Sui Network token has experienced significant growth today as it targets the broader cryptocurrency market trying to recover from the recent downturn. Sui (SUI)Sui (SUI) led the day’s positive movement with a notable 7.9% surge, driven by attractive offers to strengthen token economics and a selling squeeze targeting long positions in the futures market. While most tokens have remained in the red over the past week, a handful of digital assets have achieved modest gains in the range of 1-5% since Monday. Over the past 24 hours, the overall…
Pacman, founder of the Blur (BLUR) NFT marketplace, has launched Blast, a new Ethereum (ETH) layer 2 network designed to allow users to earn “native income.”20 in november name, the protocol explained how the new approach differentiates itself from other layer 2 networks. According to the team, Blast is an Ethereum Virtual Machine (EVM) compatible bullish rollup that increases native returns for users and developers without changing the experience that cryptocurrency natives expect. The protocol offers users 4% on ETH and 5% on stablecoins like USDC.“Explosive returns come from Ethereum staking and real asset protocols. Revenues from these decentralized protocols…
The Blast mainnet is scheduled to launch on February 24, 2024, with withdrawals available starting May 24 next year and allowing users to exchange Blast points for real-world rewards. The recently launched Ethereum (ETH) Layer-2 blockchain Blast has gained some popularity over the past few days, but much of that fame has not been for the right reasons. Blast is the first layer 2 blockchain protocol to offer a default rate of return to depositors, and this single action sets it apart from top competitors including Arbitrum, Optimism, and Base. These offerings, among other factors, have driven a significant portion…
In the ever-evolving landscape of online entertainment, the intersection of cryptocurrency and online slot reels has emerged as a dynamic and attractive space for thrill-seekers and investors alike. The combination of cutting-edge blockchain technology and the classic charm of slot machines has ushered in a new era of online gaming and gives players unprecedented opportunities to win jackpots while engaging in the world of cryptocurrency. In this article, we explore the convergence of cryptocurrency and reels, exploring the exciting convergence of traditional gaming and the innovative world of digital assets.The Rise of Cryptocurrency in Online GamingHere we talk about the…
Paris Blockchain Week has announced a star-studded list of nominees for the first edition of the Paris Blockchain Week Awards. This award recognizes leadership, innovation and contribution to the new digital economy. Electronic voting begins on February 22ndnd In 2023, it will be open to everyone via blockchain for unprecedented transparency. The awards ceremony is scheduled for March 23, 2023 at the Carrousel du Louvre. Paris, Wednesday February 22, 2023 – Following the announcement of the inaugural Paris Blockchain Week Awards, which are scheduled to take place next month during Paris Blockchain Week, Paris Blockchain Week today announced its list…
According to the latest K33 research report, Bitcoin and Ethereum have shown strong dependence over the past week following the US Department of Justice’s settlement with cryptocurrency exchange Binance on November 21.The Justice Department on Tuesday settled a criminal case against Binance that investigated allegations of money laundering, fraud, and sanctions violations. The cryptocurrency exchange will pay a $4.3 billion fine, one of the largest corporate settlements in U.S. history.Amid comparisons to the downfall of FTX, he said, “Binance can no longer operate because it operates illegally in the United States, but this settlement has nothing to do with mishandling…