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Winklevoss twins refunded for exceeding Bitcoin donation limit to Trump

It is uncertain whether the Trump 47 Committee, returned the amount in Bitcoin or converted it to its equivalent value in cash.

The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law.

According to a Bloomberg report, the portion above the legal limit was refunded to the donors, citing a campaign official who spoke on condition of anonymity to discuss the matter.

The twins each announced donations totaling $2 million in Bitcoin in posts on social media site X on Thursday to the presumptive Republican nominee, which would exceed the maximum $844,600 that the Trump committee can legally accept per person.

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Gemini Founders Donate $2 Million in Bitcoin to Donald Trump to End Biden’s ‘War on Crypto’

Gemini Founders Donate  Million in Bitcoin to Donald Trump to End Biden’s ‘War on Crypto’Crypto exchange Gemini’s co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump’s presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry. Cameron echoed these sentiments, declaring Trump as the pro-bitcoin, pro-crypto, and […]

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A New Super PAC Aims to Elect BTC Advocates and ‘Vote out Anti-Bitcoin Politicians Like Brad Sherman, Elizabeth Warren’

A New Super PAC Aims to Elect BTC Advocates and ‘Vote out Anti-Bitcoin Politicians Like Brad Sherman, Elizabeth Warren’On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only political committee called the Financial […]

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Ukraine’s Government Launches Official Website for Cryptocurrency Donations

Ukraine’s Government Launches Official Website for Cryptocurrency DonationsThe Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX. Government’s Crypto Donation Website Now Live The […]

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Bitcoin Donations Pour in to Help Ukrainian Military Fight Russia — Over $5 Million in BTC Raised

Bitcoin Donations Pour in to Help Ukrainian Military Fight Russia — Over  Million in BTC RaisedCryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed. Crypto Donations Soar After Russia Invaded Ukraine One of the largest non-governmental […]

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Tonga accepts Bitcoin donations amid tsunami onslaught

Tonga is now accepting Bitcoin donations to aid with relief efforts as the country faces the aftermath of a huge volcanic shockwave leading to a tsunami.

On Friday, the Kingdom of Tonga experienced the shockwave of a massive volcanic eruption of the Hunga Tonga-Hunga-Ha'apai volcano. 

More eruptions ensued after the first, leaving the citizens of Tongatapu, the main island of Tonga, to face down a tsunami.

Amid the difficulties, crypto holders expressed their sympathy and intent to donate Bitcoin (BTC) to help with the relief operations. Twitter user onair_blair urged Bitcoin supporter and former Tongan lawmaker Lord Fusitu’a to set up a wallet address where people can donate bitcoins for Tonga’s relief funds. 

With waves of up to 1.2 meters (about 4 feet) covering to roads and properties, people started fleeing to higher ground to escape. At the time of writing, there have been no casualties reported. However, air and water contamination are now some of the immediate concerns for aid organizations.

Lord Fusitu’a responded with a BTC wallet address and a link where people can donate fiat to help with the relief operations. The address has received a total of 0.10794983 BTC ($4,625.29) since yesterday.

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Last Friday, Lord Fusitu’a told Cointelegraph of plans to use geothermal energy from the volcanoes to power Bitcoin mining operations that would aid the country’s finances. The country has 21 volcanoes and according to Lord Fusitu’a, “each volcano produces 95,000 megawatts at all times leaving much to spare.” The lord notes that a single volcano can generate $2,000 worth of Bitcoin daily, and this will be given to Tongan families.

The former lawmaker also noted that the country is set to copy El Salvador’s move of making Bitcoin legal tender. In a series of tweets published on Jan. 12, Lord Fusitu’a said that this could happen as early as November or December this year.

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Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’

Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Claims In his latest anti-cryptocurrency salvo that was published by the Punch, Emefiele however appeared […]

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14 Years of Art for $500K: Youtuber Ali Spagnola Compiles All Her Free Paintings Into an NFT

14 Years of Free Art for $500K: Youtuber Ali Spagnola Compiles All Her Free Paintings Into an NFTIn mid-January, Bitcoin.com’s newsdesk wrote about the popular artist and Youtuber, Alicia Dawn “Ali” Spagnola after she “accidentally got bitcoin rich” from her Free Paintings project. Since then, a great number of people told her to create a non-fungible token (NFT) asset with her artwork, so she decided to execute the idea after many requests. […]

White House: US Lost $17B Dumping Bitcoin—Trump Vows to Never Sell