Pennsylvania-based pharmacist Kenneth Kim had always “wanted to do something with crypto” that could “make the world a better place.” In 2019, he founded what is known today as Crypto for the Homeless (CFTHL), a New Jersey registered non–profit organization which has fed more than 5,000 homeless people around the world through the use of digital currencies. “I always had the desire to get involved with some kind of project in crypto. If it made the world better that would be the best possible scenario,” Kim told Cointelegraph. While he was a pharmacy student at Temple University in Philadelphia between …

Depending who you ask, NFTs are either a new and exciting way to invest, or a bearish, overhyped sector. Regardless, journalists, investors and collectors have paid significant attention to the growing NFT market in the past year. NFTs continue to be one of the most popular Web3 entry points, an opportunity for everyone from casual art fans to crypto billionaires to own a unique asset stored on the blockchain. As NFT visionaries have recently pointed out, NFTs also have the potential to be used for incredible causes beyond digital asset collection. In the past six months, communities have launched NFTs …

In a positive twist for the nonfungible token (NFT) mania, Canadian singer Kiesza backs an NFT drop called MetaMoves in partnership with NFT marketplace Portion aiming to provide funds for patients who need prosthetics. In an interview with Cointelegraph, Kiesza said that as someone who had experienced an accident, the singer empathizes with those who face the challenges of losing a limb. She explained that: “Movements are at the core of everything we do, as we understand the central role they play in people's identities. [...] You can only imagine how unbearable it would be to add to the mental …

How much is a doggo’s life worth? For one Redditor, “dojeckahedron,” saving their pooch from the clutches of cancer is worth their entire Bitcoin (BTC) stack. In a tearjerker of a Reddit post, the dog owner from the States shared a photo of their pooch, Derby. The message said they cashed in all of their Bitcoin to pay for their “bestie’s radiation treatments.” Dojeckahedron told Cointelegraph that they are “grateful” that they had Bitcoin to pay for Derby’s radiation treatment. For Dojeckahedron and their family, using Bitcoin as an investment strategy to pay for things was enough: “This is the …

Global crypto exchange Binance has launched a crypto card that allows refugees from Ukraine to make crypto transactions and receive funds through the Binance Visa Card. Binance announced that it’s working with several entities, including European banking-as-a-service platform Contis and nonprofit organizations Rotary and Palianytsia, to provide refugees affected by the Ukrainian conflict a way to send and receive funds and make purchases within the European Economic Area (EEA). Apart from access to crypto transactions, recipients of the card who are verified by their local nonprofit organizations will receive financial support from Binance in the form of Binance USD (BUSD). …

Reli3f, a humanitarian initiative birthed upon the innate artistic commitment to narrate stories in times of hardship, launched its second nonfungible token (NFT) collection on Thursday, raising over $300,000 for recognized Ukrainian charities and taking their total to over $1.5 million. Founded by several esteemed Web3 entrepreneurs — Satvik Sethi, Andrew Wang, Giovanni Gussen, Aleksandra Artamonovskaja, Raskalov and developer SignorCrypto — in late February this year, Reli3f has unified the talents of 62 artists across the world to showcase the enormous philanthropic potential of NFTs for social good. The team chose to distribute the first collection’s fund across a range …

Pledge, a fundraising platform, has created "PledgeCrypto,2/51" which allows non-profits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin, Ethereum, and Tether, and then turn them into fiat money. Fundraising platform Pledge has launched PledgeCrypto to allow nonprofits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), and then turn them into fiat money. Famous music artist and prominent advocate for transgender rights Ariana Grande, who is also the founder of her own charity, Protect and Defend Trans Youth Fund, has offered to match up to $1.5 million in donations. …

The ongoing conflict in Ukraine has become a stress test for crypto in many tangible ways. Digital assets have emerged as an effective means of directly supporting humanitarian efforts, and the crypto industry, despite enormous pressure, has largely proved itself a mature community — one ready to comply with international policies without compromising the core principles of decentralization. But there is another vital role that crypto has filled during these tragic events: It is becoming more and more familiar to those who have found themselves cut off from the payment systems that had once seemed unfailing. Traditional financial infrastructures don’t …

Blockchain technology has disrupted several industries, some being more marketed than others. Although equally valuable, one of these lesser-known industries that have undergone a major shift is that of fundraising. Under the traditional model, donations were typically inefficient, requiring high processing fees and less of the donated funds being allocated towards the nonprofit's mission. The other major concern is in addition to the inefficient donation model, it is difficult for organizations to connect with the larger community and inspire longstanding change. With cryptocurrency, crowdfunding becomes more transparent, faster and cost-effective than traditional currencies, ensuring those in need receive the proper …

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation. The crypto community has done just that with nonfungible token (NFT) companies, decentralized autonomous organizations (DAOs) and crypto users all over the world leading the effort to help aid Ukraine with donations of Bitcoin (BTC), Ether (ETH), Polkadot’s DOT and even NFTs. It is impressive how fast the crypto community got behind the Ukrainian people. Two days after …

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Economic warfare can’t be separated from geopolitical conflict, and just like in the violence of physical war, innocent civilians often fall in the crosshairs. The advent of cryptocurrency, however, is slightly transforming the dynamic this time around. As Russia’s invasion of Ukraine sends shockwaves across the global markets, many are championing digital assets as a safe haven during destruction and unrest. Indeed, Russians and Ukrainians …

On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities, and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds included the official Bitcoin (BTC) and Ethereum(ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. The same day, Kraken announced that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance held, Ukrainian clients of Kraken would receive $1,000 in BTC each during the first trach of fund disbursement, which …