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Wikimedia Foundation halts accepting crypto due to sustainability concerns

Wikimedia Foundation (WMF), the non-profit organization supporting Wikipedia and Wikimedia Commons, will no longer accept cryptocurrency donations.  Among the main reasons for the removal were environmental sustainability concerns related to crypto and the Wikimedia community’s perceived risk to its reputation for accepting cryptocurrencies.  The proposal to remove the WMF’s use of cryptocurrency first appeared on January 11. “Accepting cryptocurrency makes a joke out of the WMF’s commitment to environmental sustainability,” wrote a pseudonymous editor named Gamaliel on January 11, 2022. …

Inside Ukraine’s digital ministry and crypto efforts during wartime

As we speak from approximately 5,000 miles apart, Alexander Bornyakov will not specify where he is located. It’s still in Ukraine, but not in Kyiv, and either way, it’s definitely short on natural light. Bornyakov is, for his part, visibly short on sleep in the way that all of Ukraine’s officials have been for going on two months now. He gestures with a green e-cigarette firmly in his hand. It is a remarkably digitized version of life during wartime. At …

Ukraine turns crypto donations into 5,550 bulletproof vests, 500 helmets and more

As millions of dollars in cryptocurrency have flowed into Ukraine, the country has turned such donations into thousands of bulletproof vests, packed lunches, medicine items and other supplies for the armed forces. Ukraine’s deputy minister of Digital Transformation Alex Bornyakov shared Friday a list of supplies that have been bought since March 1 using funds stemming from those crypto donations. It includes 5,550 bulletproof vests, 410,000 packed lunches and 500 helmets. “Crypto assets proved extremely helpful in facilitation of funding …

How NFTs are raising money for charity

The popular subscription platform OnlyFans, known for its adult content, will now let users post verified NFTs as profile pictures.  The platform will only support NFTs minted on the Ethereum blockchain and will show an Ethereum icon on NFT profile pictures to mark them as authentic. The company said it introduced NFT profile pictures in […]

South Korea’s presidential candidate announces NFT fundraise

The leading candidate for the South Korean presidency has announced a fundraiser based on non-fungible tokens. Per the Korea Times’ report, Lee Jae-myung, the ruling Democratic Party’s candidate in the 2022 presidential elections, will be giving NFTs to donors to his campaign. The news comes despite earlier concerns that such fundraises may violate the Political Funds Act or the Public Official Election Act. Donors will not exactly be buying NFTs. They will be receiving NFTs including a picture of Lee …