Connect with us

cryptocurrency

UK Charity Organization Receives £100,000 in Crypto Donations

Published

on

UK Charity Organization Receives £100,000 in Crypto Donations

CHUF, a UK-based charity organization has received a one-time donation worth more than £70,000. The organization is one of the few charity groups that accept donations in BTC or any other cryptocurrency. 

The charity organization has also recorded major donations from the community-powered decentralized financial token (DeFi) MoonBoys Finance and the charity token HOPE TOKEN. Dan Bainbridge, a long-time supporter of the charity has also pledged to donate more than $10,000 worth of cryptocurrencies to the organization. 

According to the official statement from the group, Charlotte Campbell, The head of fundraising stated that the organization is grateful to those who have used CHUF as a medium to bring smiles to many faces in the United Kingdom. 

“Its [sic] been quite a journey since we first started the process of seeing donations of £10,000, £20,000 even £70,000 come through – as a fundraiser that will always be incredibly exciting. We are beyond grateful to the generous donors who have made it possible for CHUF to continue to bring smiles to the faces of Heart Heroes across the UK.

“The cryptocurrency world moves so fast, which can be unnerving to some charities, but it is also incredibly exciting. The crypto community has really embraced us as one of their own, and we are incredibly grateful to be able to work with people who are so passionate about having a positive impact on the world.”

Crypto Community Giving Donations Around the World

In the past 12 months, we have seen a large number of donations to many charity organizations. In late June, SafeEarth reported that it had donated more than $200,000 to various environmental causes this year. According to reports, these projects range from marine cleanup projects to medical care and education for children.

At the same time, during the second wave of the epidemic, which was badly hit in India, several personalities in the crypto space made crypto donations for India’s COVID-19 aid. Ethereum (ETH) co-founder Vitalik Buterin, for example, donated funds to both ETH and Maker (MKR).

Around the same time, Solana representatives announced they would donate $25,000 to the fight against COVID-19. This is in response to the death of Shakti Goap in May. Shakti Goap was the CEO of Solana’s frequent hackathon partner Devfolio. 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Copyright © 2020 LightBlocks