Crypto Donations

During the campaign, Cointelegraph will help raise funds to assist Ukrainian children who lost parents to the Russian invasion.

Cointelegraph has announced it is collaborating with the charity fund Children of Heroes to raise money to support children in Ukraine who have lost parents to the devastating Russian invasion. The cryptocurrency fundraiser is now open to receiving donations from all around the globe.

Through the campaign, the crypto community will be able to support programs helping Ukrainian children by donating Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC) and other popular digital assets. The campaign’s initiative is to provide long-term support to over 5,900 beneficiaries, who will remain under the care of the fund until they reach adulthood. Children of Heroes’ goal is to help over 10,000 Ukrainian children by the end of 2023, with up to 50 being onboarded daily.

Children of Heroes is a foundation registered as a public charity in the U.S. state of Delaware, meaning all donations are tax-deductible. To donate, simply click on the “Donate” button and follow the instructions below.

Donate to help children of ukraine

Dan Pasko, Children of Heroes’ co-founder and a member of its board of directors, joined with several like-minded Ukrainian businesspeople and parents to form an organization to take care of children orphaned during the invasion. The organization employs 127 staff, who aim to provide access to comprehensive, long-term support in all areas of the children’s lives, fostering healing, growth and transformation. 

The campaign focuses on funding initiatives to support the children under the care of the fund. The children receive personalized aid from their “Family Helpers,” who provide each and every family and child with one-on-one support and ensure they receive help suited to their unique needs. 

Six core programs make up the fund: emergency aid, essential support, education and development, healthcare, socialization, and mentorship and career planning.

DONATE to children of heroes NOW!

The campaign leverages the platforms Fundraise Up and Stripe to process donations and secure data. Fundraise Up functions as the payment processing platform, sending payments directly to a Coinbase wallet, while all the data is sent directly to Stripe’s PCI-compliant servers through SSL. Stripe will not be used to process crypto payments.

Both Children of Heroes and Cointelegraph believe that with the power of the crypto community, the children who receive support will have a fighting chance to overcome the challenges brought by the horrors of the Russian invasion. Those who want to participate in the campaign can click this link to donate crypto and help provide a better future for Ukrainian children.

The Giving Block reported that USDC accounted for 44% of the crypto donation volume on its platform in the last year, followed by ETH (24%) and BTC (17%).

Data collected by the crypto charity platform The Giving Block shows that cryptocurrency donations are set to exceed $10 billion in the next decade. 

According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations in the platform surpassed $125 million in 2022. Based on the data available, the crypto charity project predicted that it could top $1 billion by August 2027, reaching $5 billion in June 2031, and exceeding the $10 billion mark in November 2032.

In addition to the platform’s data on crypto donations, The Giving Block also based its predictions on its analysis of Bitcoin’s (BTC) price trajectory. The platform predicted that BTC may reach $100,000 in September 2026 and $250,000 in October 2029. 

Within the annual report, the charity project also highlighted the most used cryptocurrencies in donations and the largest crypto donation of the year. As for the top crypto used for donation, USD Coin (USDC) took 44% of the volume, while Ether (ETH) followed suit with 24% and BTC used on 17% of the donations.

Meanwhile, Ethereum co-founder Vitalik Buterin held the record for the largest crypto donation of the year, giving $9.4 million through Balvi, his philanthropic fund.

Related: Crypto donations amplify speed and global reach during crisis

As charities and donations in crypto grow in number, some may wonder where the donations actually go. Back in 2022, The Giving Block also shared six charities that benefited from crypto donations. This includes the orangutan preservation project Orangutan Outreach, which cares for orphaned and displaced orangutans and the regenerative agriculture nonprofit Trees for the Future, which managed to plant 2.3 million trees because of the crypto donations they received.

Magazine: Best and worst countries for crypto taxes — Plus crypto tax tips