The Giving Block, an American cancer society has created a new research fund that started accepting crypto donations in collaboration with a crypto-focused company as we can learn more in our latest crypto news today.
The American Cancer Society set up a Cancer Crypto Fund which aims to raise $1 million by 2021 in order to fund ongoing search initiatives. The donations made to the cancer research groups dropped by 50% in 2020 and reached the lowest point this century according to the society. The sharp drop was attributed to the economic implications of COVID-19. According to the American Cancer Society:
“The crypto community’s contributions will help re-establish crucial research funding for new discoveries and better treatments to save the lives of family and friends.”
The first crypto donor to contribute $250,000 or more will have a chance to rename the fund in their name or in the name of a loved one. The donors that give $10,000 or higher, will appear on the fund’s wall of honor, according to the reports. The fund accepts donations in BTC, Ether, Bitcoin Cash, Litecoin, Zcash, Basic Attention Token, chainlink, and The Gemini Dollar. Jeff Klass, the American Cancer Society Interim Chief Digital Officer said:
“We want as many people to join us in our mission as possible. To do that, we need to ensure people can give to the fight against cancer when, where and how they choose.”
The giving block spearheaded plenty of initiatives to try and bridge the gap between charity and cryptocurrency
We’ve seen many times in the past how crypto donations were helpful in achieving a cause. Last time we reported that Twitter chief Jack Dorsey urged his followers to make Bitcoin donations in Nigeria and support the protesters in Nigeria that are fighting against police brutality. Earlier today, Jack Dorsey who was the CEO of Twitter and Square, showed his support for the ongoing #EndSars protest over police brutality in Nigeria. Dorsey, a long-time BTC proponent encouraged Bitcoin users to make BTC donations towards the fight against the Special anti-Robbery squad in the country.
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SARS is a unit of the Nigerian Police force which was established in 1992 to protect the citizens and to curtail the increasingly violent crimes that were conducted by armed robbers. The unit since derailed from the core objectives as the members of the SARS have become the one thing that they were trained to fight.
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