Munch and The Giving Block partner to connect crypto-ready nonprofits

Munch and The Giving Block partner to connect crypto-ready nonprofits

Munch, an up-and-coming decentralized finance (DeFi) project that lets investors give back a portion of their earnings to charitable causes, has officially partnered with The Giving Block — a move that could provide a significant boost to the rapidly growing crypto donations industry.

The new agreement connects The Giving Block’s growing community of crypto-ready nonprofits with the Munch network, which allows users to easily donate to causes they care about. The partnership will also enable new nonprofits to accept Munch donations directly and t create a profile on The Giving Block’s fundraising platform.

Our top trading bots

As Cointelegraph reported in early May, Munch raised over $1 million for developing countries represented by the GiveWell Maximum Impact Fund, which is dedicated to combating malaria and other diseases in Africa. According to Alex Wilson, co-founder of The Giving Block, Munch has now raised nearly $3 million in under two months. “Not only will this support amazing causes and deliver major impact, but it will continue to expose a new audience to cryptocurrency,” he said.

Rodrigo Silva, CEO of Munch, also commented on the new partnership:

“This partnership gives us the reach to offer our community more causes they care about. With our future development, this is set to do a tremendous amount of good for a lot of people.”

Related: Clean-water nonprofit launches celebrity-funded Bitcoin Water Trust.

Crypto-focused charities continue to grow in popularity, as evidenced by the over $2 million in funding for Endaoment, a new charitable organization that aims to eventually function as a decentralized autonomous organization (DAO).

As for The Giving Block, the organization has ramped up efforts in the crypto donations industry, helping nonprofits like the American Cancer Society and others to begin accepting contributions in Bitcoin (BTC), Ether (ETH) and other digital assets. Back in April, The Giving Block launched the Crypto Giving Pledge to encourage more cryptocurrency investors to donate to charities.

Continue reading with Cointelegraph
Danske Bank maintains cautious position on Bitcoin and other cryptos
By Samuel IndykInvesting.com – Danske Bank (CSE:DANSKE) has reiterated its cautious position on cryptocurrencies in a statement published on its website,...
Bitcoin Slump Stokes Fears of 'Mass Capitulation,' But Hodlers Stand Firm
By Yasin EbrahimInvesting.com – Bitcoin slumped Tuesday, and some warn a breach below $30,000 could trigger “mass capitulation” as negative noise is poised...
Chinese social media giant Weibo reportedly bans crypto-related accounts
China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly...
‘Pointless but incredible'— New electric car mines crypto while it's parked
Canadian light electric vehicle manufacturer Daymak has announced an upcoming electric car that can mine Bitcoin, Ethereum, and Doge — when it’s charging...
Ignore the headlines — Bitcoin mining is already greener than you think
Is it possible to mine Bitcoin (BTC) using only 100% renewable energy sources and deliver the same economic returns as those using carbon-based sources?...
Altcoins soar while Bitcoin and Ethereum price stall near key levels
On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may...
Jump Trading backs fan tokens startup Chiliz
By Anna Irrera and Tom WilsonLONDON (Reuters) - Proprietary trading firm Jump Trading has made an equity investment in Chiliz, the blockchain company that...
$161M Ethereum options expiry tilts toward bulls as ETH flips $2K to support
With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559...
Are emerging markets missing out on DeFi due to gas fees?
Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as...
Venezuela Makes Citizens Pay For New Passports With Petro
Venezuelans who need passports have got nothing to do but to get them for precarious national crypto-coin El Petro. As reportedly 5,000 people flee Venezuela...
Draper Expects Crypto-Market to Surge to $80 Trillion in 15 Years
Tim Draper, an investment mogul and a known bitcoin bull, has spoken out about cyber assets once again. The famous investor predicts the entire BTC and...
Ethereum Can Lead Blockchain to The Success of The Internet, Fintech CEO Says
Ethereum might be a driver for the wider adoption of both blockchain and other cyber-assets.This network can lead to such a wide prevalence of the latter...
4NEW - A Token Provided With Electricity
Having announced in October of 2017 about the forthcoming launch of the "world's first cryptocurrency, which is the equivalent of electricity," the team...
Genuine “Wolf Of Wall Street” Says Bitcoin Could Soar by $50,000 Ere Crashing to Zero
Jordan Belfort, a motivational orator and ex-stockbroker, whose story was put in Martine Scorsese’s movie “The Wolf of Wall Street,” has called bitcoin...
Warren Buffett’s Opinion about Bitcoin – Is He Right or Wrong?
Bitcoin is the most significant cryptocurrency on the planet, but it is also a very volatile. Views are incredibly different on the prospects of Bitcoin....