foundation urged accepting cryptocurrency donations

So accepting any given bitcoin donation won’t necessarily lead to more carbon emissions.

But cryptocurrency critics argued that Wikimedia’s de facto endorsement of cryptocurrencies may help to push up their price. And the more expensive bitcoin is, the more energy miners will devote to creating new ones.


Crypto skeptics pointed out that people can easily convert their bitcoins to dollars before donating. But US tax law gives advantages to those who donate an asset directly to a charity.

Cryptocurrency defenders also pointed out that some people can’t easily access conventional banking services.

“Bank transfers, credit cards, and Paypal are inaccessible for millions of people who don’t have government ID and therefore can’t open an account,” wrote Wikipedia user AnarkioC.

Of the 2,016 women observed, 42 percent experienced physical or verbal abuse, stigma or discrimination during labour and childbirth.

Read our full story, here.

UN Children’s agency now accepting cryptocurrency donations

The UN children’s agency UNICEF as of Wednesday, will be able to receive, hold and disburse donations of cryptocurrencies and bitcoin through its newly-established Fund, a first for UN organizations.

Contributions will go toward open source technology to benefit children and youth around the world, a “new and exciting venture” for the agency, its Executive Director, Henrietta Fore, said in a statement.

“If digital economies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer.

Growing controversy over cryptocurrency

Ultimately, 232 long-time editors of Wikipedia voiced support for ending cryptocurrency donations, while 94 opposed the move.

Votes like this aren’t binding in the Wikimedia Foundation. Legally speaking, the foundation is independent of the Wikipedia community and doesn’t necessarily have to act on its requests.

In a January comment, foundation spokesman Greg Varnum said that “our teams will continue to follow this discussion and listen to the feedback; we are already considering what has come up here as we determine our path forward.”

We’ve asked the Wikimedia Foundation for comment on the vote and will update this story if we get a response.

If the foundation complies with the community’s request, it wouldn’t be the first organization to stop using cryptocurrencies due to environmental concerns.

More than 200 long-time Wikipedia editors have requested that the Wikimedia Foundation stop accepting cryptocurrency donations. The foundation received crypto donations worth about $130,000 in the most recent fiscal year—less than 0.1 percent of the foundation’s revenue, which topped $150 million last year.

Debate on the proposal has raged over the last three months.

“Cryptocurrencies are extremely risky investments that have only been gaining popularity among retail investors,” wrote Wikipedia user GorillaWarfare, the original author of the proposal, back in January.
“I do not think we should be endorsing their use in this way.”

GorillaWarfare is Molly White, a Wikipedian who has become something of an anti-cryptocurrency activist.

Supporters can donate the proceeds from the sale of an NFT to Save the Children through our cryptocurrency donation page if donors convert it to one of the cryptocurrencies that we accept such as ETH. If you are an artist, athlete or public figure who would like to sell or donate NFT proceeds to Save the Children, send an email inquiry.

Is my cryptocurrency charitable donation tax deductible?

Yes, your cryptocurrency donation is tax deductible!* Save the Children offers supporters who want to donate cryptocurrency to charity the ability to give in a tax-efficient way.

The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contribution is tax-deductible to the fullest extent permitted by law.

For example, for donors in the United States, the IRS has classified bitcoin as property for tax purposes.

Guterres sent his deep condolences to the families of the victims following the attack that took place close to a synagogue in the eastern town of Halle, Germany.

The UN chief has highlighted the UN Plan of Action to Safeguard Religious Sites and calls for all governments to support the plan.

“Houses of worship around the world must be safe havens for reflection and peace, not sites of bloodshed and terror,” he urged.

Our full story here.

Alarming number of women mistreated during childbirth: WHO study

More than a third of women surveyed across four lower-income countries reported being mistreated during childbirth, a new study led by the UN’s health agency (WHO) revealed on Wednesday.

The research was published in The Lancet-an influential peer-reviewed science journal, and was carried out in Ghana, Guinea, Myanmar and Nigeria.

To learn more about how donating cryptocurrency to a charity can lower your taxes, check out The Giving Block’s tips or talk to a tax professional.

Adding this emerging holiday donation type is a one step in learning more about how blockchain DeFi and DLT technologies can help us do more to reach the most marginalized children in the world.

The cryptocurrency community has alots of innovative ideas and we want to connect with them more directly. If you have a use case, idea or want to partner with us, please reach out!

Why donate your crypto to Save the Children?

The world is not working for children; the current system is broken.
Across the globe, children are being robbed of their futures by a global economy built on inequality and greed that is fueling the climate crisis; which in turn is pushing more children into poverty.

This means that when someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like Save the Children, donors do not have to pay capital gains tax and it is tax-deductible if you provide your email address.

*Please consult your tax advisor. You can donate anonymously but you will not receive a tax receipt unless you provide at least your email address.

Why does Save the Children accept cryptocurrency as a charity donation?

Donating Bitcoin and other cryptocurrency is one of the most tax-efficient ways to support your favorite cause for the holidays.

She also runs the Twitter account “web3 is going just great,” which highlights “some of the many disasters happening in crypto, defi, NFTs, and other web3 projects,” the account profile says.

In her proposal for the Wikimedia Foundation, GorillaWarfare added that “Bitcoin and Ethereum are the two most highly used cryptocurrencies, and are both proof-of-work, using an enormous amount of energy.”

According to one widely cited estimate, the bitcoin network consumes around 200 TWh of energy per year. That’s about as much energy as is consumed by 70 million people in Thailand.
And it works out to around 2,000 kWh per bitcoin transaction.

Bitcoin defenders countered that bitcoin’s energy usage is driven by its mining process, which consumes about the same amount of energy regardless of the number of transactions.

What is #NFTuesday?

#NFTuesday is NFTuesday is The Giving Block’s newly-minted, one-day celebration of NFT philanthropy! For much of human history, art and social progress have gone hand-in-hand. The blockchain era is no exception: over the past year, the NFT community has donated millions of dollars in crypto to charitable organizations. The day brings together NFT marketplaces, artists, galleries, projects and studios that are helping bring visibility to this incredible year of impact and raise more coin for important causes.

What is a Non-Fungible Token (NFT) and does Save the Children accept NFT donations?

NFT stands for Non-Fungible Token. NFT is a smart contract typically built on the Ethereum blockchain, a decentralized ledger where public transactions are stored. An NFT is like a digital certificate of authenticity that serves as proof of ownership.

Earlier this month, the Mozilla Foundation announced it would stop accepting cryptocurrencies that use the energy-intensive proof-of-work consensus process. These include bitcoin and ether—though the latter is expected to convert to a proof-of-stake model in the future.

Last year, Elon Musk announced that Tesla would no longer accept bitcoin payments to buy Tesla vehicles.

The announcement came just two months after Tesla started accepting bitcoins for Teslas.

Gaming company Steam stopped accepting bitcoin in 2017, citing the network’s transaction fees, which were then near record highs.

Update: The Wikimedia Foundation responded to Ars by email: “We are aware of the community’s request that the Foundation consider ending our acceptance of donations in cryptocurrency.

Although it appears to have failed to implement its own security requirements – if we take Terpin’s account of the theft to be entirely accurate – AT&T’s lawyers will no doubt argue that it cannot be held responsible for everything that happens subsequently.

After all, a hacker would still have required Terpin’s username and password to access a secure cryptocurrency wallet.

Carry case

There are several elements in the lawsuit that suggest Terpin’s lawsuit may not have the tightest legal case, including a colorful but somewhat meandering and irrelevant legal argument in which SIM swap fraud is called a “metastasizing cancer” and AT&T’s security a “modern-day Maginot line.”

It cites a relevant FCC fine against AT&T for not protecting its users’ privacy but also goes into some depth on an irrelevant argument about media coverage of other SIM fraud cases.

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