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Fidelity Charitable is Now Receiving Ripple’s XRP as Part of its Donations

Fidelity Charitable, an independent public charity foundation founded in 1991, is now receiving Ripple’s XRP as part of its donations. Also, the charity organization has received over $100 million in cryptocurrencies since it began accepting the asset class in 2015, according to its 2019 financial giving report. Fidelity Charitable Donated Over $5 Billion to Charity in 2018 Per the report, Fidelity Charitable was able to give more than $5 billion to charity in 2018. The funds were from the contributions it had received from over 200,000 donors around the world. While 47% and 37% of donations were made with publicly traded securities and cash respectively, 16% were made with non-public traded assets such as cryptocurrencies. However, unlike in 2015 where only four cryptocurrencies including bitcoin, bitcoin cash, ethereum, and litecoin were accepted, Fidelity Charitable now accepts XRP. According to the nonprofit organization, $30 million was received in crypto donations in 2018. On the other hand, almost $106 million was received since it began accepting crypto assets in 2015. Fidelity Charitable also said: “Though cryptocurrency values cooled off considerably by the end of 2018, they began the year at a peak. Fidelity Charitable ability to accept cryptocurrency donations, including bitcoin, allowed these donors to eliminate any capital gains taxes and give the full fair market value to charity.” Non-publicly Traded Assets’ Contributions Surge to All-time High  Furthermore, the organization revealed that contributions of non-publicly traded assets such as cryptocurrency, private stock, limited partnership interest, real estate, etc. surged to an all-time high. Specifically, these contributions spiked to $1.3 billion in 2018 unlike the $916 million in 2017. On the other hand, some areas which the funds were put to use were also outlined in the report. Some of these charities are Doctors Without Borders USA, American National Red Cross, The Salvation Army, and St. Jude Children’s Research Hospital. Others that also came in the top are Planned Parenthood Federation of America, Habitat for Humanity, and United Way. Blockchain’s Use in Facilitating Crypto Donations Of recent, the blockchain and cryptocurrency have aided the receipt of donations in several countries. Binance cryptocurrency exchange, for instance, created a pilot charity in February 2019. The Malta-based exchanged used Zcoin’s blockchain for the pilot to provide healthy food for students in Uganda. In the same vein, IranRescueBit, an Iran crypto community created an online platform that will enable donations to be received in cryptocurrency. The aid is targeted at flood victims in Iran, a country that has been sanctioned by the U.S. The post Fidelity Charitable is Now Receiving Ripple’s XRP as Part of its Donations appeared first on ZyCrypto.

Fidelity Charitable Receives over $100 Million in Crypto Donations

Coinspeaker Fidelity Charitable Receives over $100 Million in Crypto DonationsFidelity Charitable has accepted cryptocurrency donations since 2015. As the company revealed late last month, in total, it has received more than $106 million in cryptocurrencies, mainly in Bitcoin.The overall number of crypto donations has dropped year by year, the annual report, which was published last month, discloses. The largest amount of donations Fidelity‘s charity arm received during 2017, when Bitcoin and other cryptocurrencies experienced their all time high’s in terms of price against the dollar.In total, the company received around $69 million in crypto assets in 2017. This donation pace, however, dropped during 2018, when the crypto markets experienced a slow decline in prices. In 2018, Fidelity received around $30 million in crypto donations. “We see cryptocurrency donations rise along with increases in the value of cryptocurrencies in the marketplace,” noted a representative from Fidelity Charitable.This kind of the tendency would be considered as normal, because when the crypto prices are rising, the holders of those assets tend to spend their holdings more than compared to times when the asset price is falling. The company thinks this is related to the diminishing value of tax deductions that the donators would be able to claim. It was revealed by the marketing head at Fidelity Charitable, Amy Pirozzolo.She says that those investors who donate their proceeds don’t have to pay capital gains on them and can write these donations off against their income tax.According to Pirozzolo, Fidelity even suggests their clients to “give their most depreciated assets first… because it provides the best tax advantages for the donor and charity”.And based on this, when thinking about new assets to add, the company often chooses the top performing cryptocurrencies. That way, Fidelity Charitable is always “keeping their hand on the pulse” of the crypto markets.“One thing we’re committed to is helping donors choose the most tax efficient asset to give to charity,” says Pirozzolo.However, while Bitcoin and Ethereum are the main crypto assets that Fidelity Charitable receive from donors, they also have communicated on Twitter back in May, that they would also accept donations in XRP in addition to BCH and LTC.“The majority of our contributions to date have been bitcoin, however we have also seen growing numbers of donations in ethereum,” said a representative from Fidelity Charitable.While this year, the crypto markets have experienced both upwards and downwards movements, the company hasn’t received much attention from crypto donors. In fact, the crypto donations have fallen in the recent months, according to Pirozzolo, but she believes that the most charitable time of the year is the second half. Fidelity Charitable Receives over $100 Million in Crypto Donations

Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark

Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late last week.  Since the launch, Fidelity Charitable has received more than $106 million in cryptocurrencies. Last year, it received a lesser amount at $30 million in crypto donations as the cryptocurrency market saw a significant hit.Source: Fidelity Charitable 2019 Giving Report  The charity organization further said that non-publicly traded assets such as cryptocurrencies and real estate help donors save 20% more in capital gains taxes.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: 🔒Hardware Wallet: 👍🏻Brave Browser: 📲Enjin Wallet: 👍🏻Unstoppable Domain: 📲Binance Exchange : #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: Telegram Announcements: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: Twitter: Facebook: Steemit: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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