RATE Group | Cryptocurrency Charitable Donations Continue to Rise, Reveals Competitive Advantages
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Cryptocurrency Charitable Donations Continue to Rise, Reveals Competitive Advantages

10 Oct Cryptocurrency Charitable Donations Continue to Rise, Reveals Competitive Advantages

Posted at 13:59h in Cryptocurrency News by

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Charitable organizations in the United States and around the world have seen an increasing amount of their donations be cryptocurrency denominated.

Silicon Valley Community Foundation, which unites donors with various charities, has around $4.5 billion USD in digital assets, which is about a third of its 13.5 billion USD investments. Fidelity Charitable, one of the largest US charities in terms of annual donations received, said digital charities was its fastest growing category in 2017. Then there are many other smaller charities that are also accepting cryptocurrencies. Some charities have even encourage individuals to donate their idle computer power to mine cryptocurrencies, such as UNICEF Australia.

However, these charities are at just as much exchange volatility risk as other cryptocurrency investors. Since these charity groups only have to file their financial reports once a year, it is not yet known how much these charity groups suffered loses or unrealized loses…

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