Weighing the pros and cons of digital donations as cryptocurrency grows
As of January 2024, 56% of the largest U.S. charities now accept cryptocurrency donations.
Several charities have come to the aid of victims of the Maui wildfire despite their own losses.
The GivingTuesday Data Commons shows an estimated 35 million adults participated on GivingTuesday 2021 in the U.S., a 6% increase compared to 2020. Giving in the United States alone totaled $2.7 billion representing a 9% ...
Because cryptocurrency does not have legal tender status in the U.S., the IRS considers cryptocurrency property, meaning that just as with stocks, owners who donate at the top of a coin’s value avoid paying capital ...
Two charities received about $10,000 in donations in digital currency Bitcoin from a group claiming to have made the gift from proceeds it received after a ransomware payment by corporations.