AMERICAN CANCER SOCIETY LAUNCHES FIRST-EVER CRYPTO CANCER FUND

In a groundbreaking move that merges philanthropy with cutting-edge technology, the American Cancer Society (ACS) has launched its first-ever Crypto Cancer Fund. This innovative cancer research project will receive funds employing cryptocurrency. Crypto Fund intends to raise at least $1 million in cryptocurrency donations very promptly by early 2025, according to a press release. This is the organization s first crypto-only fund. However, the American Cancer Society earlier accepted BitcoinThis innovative initiative, in collaboration with The Giving Block, a leading cryptocurrency donation platform, aims to raise at least $1 million by early 2025, and $3 million by the end of 2025.The fund represents a significant step forward in how the ACS approaches fundraising, embracing the growing world of digital assets to fuel critical cancer research and patient support programs.By accepting cryptocurrency donations, the ACS is tapping into a new pool of potential donors, particularly those within the tech-savvy and philanthropically-minded crypto community.This bold move positions the ACS as a pioneer in the non-profit sector, setting a precedent for other organizations looking to leverage the power of cryptocurrency for good.

This fund isn't just about raising money; it's about opening new doors and engaging with a community that’s passionate about innovation and making a difference. The fund was establshed on Endaoment, an on-chain nonprofit organization that helps 1.5 million entities accept cryptocurrency donations. American business magazine Fortune has launched a new decentralized donations fund alongside NFT artist pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity.The establishment of the Crypto Cancer Fund also acknowledges the increasing legitimacy and adoption of cryptocurrencies as a viable form of charitable giving, while providing an opportunity for supporters to directly contribute to the fight against cancer through the digital assets they hold.This marks a pivotal moment for the ACS and a significant advancement in the realm of charitable giving.

The Genesis of the Crypto Cancer Fund

The collaboration between the American Cancer Society and The Giving Block marks a strategic alliance aimed at harnessing the potential of the cryptocurrency market for cancer research and support.But how did this innovative partnership come about, and what were the key motivations behind establishing a crypto-focused fund?

The initial impetus stemmed from the ACS's desire to expand its fundraising avenues and engage with a younger, more digitally-native donor base. The American Cancer Society (ACS) received its largest ever contribution of cryptocurrency, $250,000 from Christian Linge of SafeBreast communities from Oslo, Norway. It will go into the ACS Cancer Crypto Fund. Linge will be recognized as a Visionary Donor.Recognizing the growing popularity and acceptance of cryptocurrencies, the ACS saw an opportunity to tap into a new source of funding.This decision was further fueled by the desire to innovate fundraising efforts in the wake of the COVID-19 pandemic, which significantly impacted traditional fundraising methods.

The Giving Block, a company specializing in facilitating cryptocurrency donations for non-profits, emerged as the ideal partner.Their expertise in navigating the complexities of crypto transactions and compliance, coupled with their established network within the crypto community, made them a valuable asset in launching and managing the Crypto Cancer Fund.The collaboration leverages The Giving Block's platform to enable seamless and secure crypto donations, ensuring that the ACS can efficiently receive and manage digital assets.

A Vision for the Future

This partnership represents a forward-thinking approach to philanthropy, recognizing the evolving landscape of financial technology and the potential of cryptocurrency to drive positive change. The American Cancer Society and The Giving Block have created a new research fund that accepts crypto donations. In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2025 to fund ongoing research initiatives. Donations MoreThe establishment of the Crypto Cancer Fund not only provides a new funding stream for critical cancer research but also serves as a model for other non-profit organizations looking to embrace the power of digital assets.

How the Crypto Cancer Fund Works

Understanding the mechanics of the Crypto Cancer Fund is crucial for both potential donors and those interested in the broader implications of cryptocurrency in philanthropy.So, how does this fund operate, and what types of cryptocurrencies are accepted?

The Crypto Cancer Fund operates as a dedicated fund within the ACS's fundraising ecosystem, specifically designed to receive and manage cryptocurrency donations. One of the prominent non-profit organizations, American Cancer Society collaborates with cryptocurrency donations company, the Giving Block for Crypto Cancer Fund.Donations are facilitated through The Giving Block's platform, which provides a secure and compliant channel for crypto transactions. Em colabora o com a empresa de doa es de criptomoedas The Giving Block, a American Cancer Society criou o Cancer Crypto Fund, que busca arrecadar pelo menos US$1 milh o at o in cio de 2025 para financiar iniciativas de pesquisa em andamento.Donors can contribute a wide range of cryptocurrencies, including:

• Bitcoin (BTC): The original and most well-known cryptocurrency.
• Ethereum (ETH): The second-largest cryptocurrency, known for its smart contract capabilities.
• Litecoin (LTC): An alternative cryptocurrency designed for faster transaction times.
• Bitcoin Cash (BCH): A fork of Bitcoin, aiming to improve transaction scalability.
• Dogecoin (DOGE): A popular meme-based cryptocurrency.
• Other ERC-20 Tokens: A variety of tokens built on the Ethereum blockchain.

Once a donation is made, The Giving Block converts the cryptocurrency into U.S. dollars, which are then directed to the Crypto Cancer Fund. In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2025This conversion process mitigates the volatility associated with cryptocurrencies, ensuring that the ACS receives a stable and predictable funding stream.

Endaoment, an on-chain nonprofit, also plays a role by helping 1.5 million entities accept cryptocurrency donations, showing the widespread adoption of crypto in charitable giving.

Where the Funds Go

Donors have the option to allocate their contributions to specific areas of cancer research or patient support programs. The American Cancer Society and The Giving Block have created a new research fund that accepts crypto donationsThis allows individuals to direct their funds towards initiatives that resonate with them personally. In 2025, the American Cancer Society (ACS) established the Cancer Crypto Fund to support ACS s fundraising efforts coming out of the COVID-19 pandemic. Today ACS announced it has met its goal to fund the first $1 million round of the Cancer Crypto Fund to support critical cancer research.Some of the programs that donors can support include:

• Cancer Research: Funding groundbreaking studies to discover new treatments and cures.
• Hope Lodge: Providing free lodging to cancer patients and their caregivers during treatment.
• Road To Recovery: Offering transportation assistance to patients needing rides to and from treatment appointments.

Impact and Significance of the Crypto Cancer Fund

The launch of the Crypto Cancer Fund represents a significant milestone for both the American Cancer Society and the broader cryptocurrency community.What are the potential benefits of this initiative, and why does it matter?

One of the most significant impacts is the potential to unlock a new stream of funding for cancer research.By tapping into the cryptocurrency market, the ACS can access a previously untapped donor base, potentially accelerating the pace of discovery and improving patient outcomes.The initial goal is to raise at least $1 million by early 2025, which has been met, proving the crypto community's support.The larger goal is $3 million by the end of 2025.

This initiative also raises awareness about the potential of cryptocurrency for charitable giving. The American Cancer Society Cancer Crypto Fund is working to raise $3,000,000 by 2025. Crypto donors can choose to support specific patient support programs like Hope Lodge and Road To Recovery, or allocate their contribution toward cancer research.By partnering with The Giving Block and embracing digital assets, the ACS is demonstrating the legitimacy and viability of crypto donations. The fund was establshed on Endaoment, an on-chain nonprofit organization that helps 1.5 million entities accept cryptocurrency donations. American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity.This can encourage other non-profit organizations to explore similar initiatives, further expanding the reach of cryptocurrency in the philanthropic sector.

A Visionary Donor Recognized

The ACS received a significant boost when Christian Linge of SafeBreast communities from Oslo, Norway, made a generous contribution of $250,000 in cryptocurrency. The American Cancer Society (ACS) has announced a new partnership with The Giving Block, a cryptocurrency donations company, to launch a new Crypto Cancer Fund. This innovative cancer research project will be exclusively funded using cryptocurrency.Linge's donation, the largest crypto contribution ever received by the ACS, solidified the fund's potential and highlighted the willingness of the crypto community to support worthy causes.Linge is recognized as a Visionary Donor, a testament to the significant impact of his contribution.

Moreover, the first donor to contribute $250,000 or over gains the special opportunity to name the fund, establishing their legacy and influence on this groundbreaking initiative.

Addressing Common Questions About Crypto Donations

The concept of donating cryptocurrency to a non-profit organization may be new to many. Skip to main content Bitcoin Insider. MenuHere are some common questions and answers to address potential concerns and provide clarity.

What are the tax benefits of donating cryptocurrency?

In the United States, cryptocurrency donations to qualified 501(c)(3) organizations like the ACS are generally tax-deductible. این شرکت در ۱۸ دسامبر سال ۲۰۲۰ با Cointelegraph همکاری کرد تا اولین مسابقه Crypto s Biggest Brain را برگزار کند ، که برخی از بزرگترین اسامی بلاکچین را برای حمایت از امور خیریه با موضوع بی خانمانی ، فاجعهDonors can typically deduct the fair market value of the cryptocurrency at the time of donation.It is important to consult with a tax professional to determine the specific tax implications of your donation.

Is donating cryptocurrency secure?

When donating through reputable platforms like The Giving Block, cryptocurrency transactions are generally secure.These platforms employ robust security measures to protect against fraud and ensure the safe transfer of funds. The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund.However, it is essential to exercise caution and verify the legitimacy of the organization and donation platform before making any contributions.

What if the value of my cryptocurrency changes after I donate?

The ACS converts cryptocurrency donations into U.S. dollars upon receipt, mitigating the risk of value fluctuations.This ensures that the ACS receives a stable and predictable funding stream, regardless of market volatility.

How can I learn more about donating cryptocurrency to the ACS?

You can visit the American Cancer Society's website or The Giving Block's website for more information on the Crypto Cancer Fund and how to donate. 3.8K subscribers in the AllThingsCrypto community. A sub to discuss cryptocurrnecy.These resources provide detailed instructions, FAQs, and contact information for further assistance.

The Future of Cryptocurrency in Philanthropy

The American Cancer Society's foray into cryptocurrency donations is not just a one-off event; it signals a broader trend in the philanthropic sector.As cryptocurrencies become more mainstream and widely accepted, their role in charitable giving is likely to expand significantly.

We can expect to see more non-profit organizations embracing cryptocurrency donations, offering donors a new and convenient way to support their causes. In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2025 to fundThe adoption of blockchain technology can also enhance transparency and accountability in the philanthropic sector, allowing donors to track their contributions and see the direct impact of their generosity.

Furthermore, the emergence of decentralized autonomous organizations (DAOs) in the philanthropic space could revolutionize how charities are governed and funded.DAOs can enable more democratic and transparent decision-making processes, empowering donors and beneficiaries to have a greater say in how funds are allocated.

Fortune Magazine's Example

Even traditional media outlets are getting involved; *Fortune* magazine has launched a decentralized donations fund alongside NFT artist pplpleasr, using proceeds to support independent journalists, showing that cryptocurrency can be used to support journalistic integrity.

How You Can Support the Crypto Cancer Fund

If you're passionate about fighting cancer and believe in the power of cryptocurrency, there are several ways you can support the American Cancer Society's Crypto Cancer Fund:

1. Donate Cryptocurrency: Make a direct contribution to the fund through The Giving Block's platform.
2. Spread the Word: Share information about the fund with your friends, family, and social media network.
3. Educate Others: Help others understand the benefits of donating cryptocurrency and the impact it can have on cancer research.
4. Attend Events: Participate in events and webinars organized by the ACS and The Giving Block to learn more about the fund and its initiatives.

Every contribution, no matter the size, can make a difference in the fight against cancer.By supporting the Crypto Cancer Fund, you're not only helping to fund critical research but also paving the way for a more innovative and inclusive future of philanthropy.

Conclusion: A Bold Step Towards a Cancer-Free Future

The American Cancer Society's launch of the first-ever Crypto Cancer Fund marks a pivotal moment in the fight against cancer. American Cancer Society has partnered crypto-donations company The Giving Block to launch a new Cancer Crypto Fund, which is the first-ever cancer fund exclusively funded by cryptocurrency donations to be used to fight cancer.By embracing cryptocurrency donations, the ACS is not only tapping into a new source of funding but also positioning itself as a leader in innovation and forward-thinking philanthropy. 57 votes, 14 comments. 7.3M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.This collaborative effort with The Giving Block has the potential to revolutionize how non-profit organizations approach fundraising and engage with a new generation of donors.

The initiative underscores the growing recognition and acceptance of cryptocurrencies as a legitimate form of charitable giving.It also highlights the potential for blockchain technology to enhance transparency and accountability in the philanthropic sector. On the heels of a new all-time high Bitcoin price, the American Cancer Society is seeking to raise at least $1,000,000 by early 2025. Funds raised through the Crypto Cancer Fund will go directly to funding ACS cancer research program. The crypto community's contributions will help support crucial research funding for new discoveries andAs more organizations follow the ACS's lead, we can expect to see a significant increase in the use of digital assets to support worthy causes around the world.

Whether you're a seasoned crypto investor or simply curious about the potential of digital assets, the Crypto Cancer Fund offers a unique opportunity to contribute to the fight against cancer. The American Cancer Society (ACS), in a bold move, has officially become the first prominent cancer research organization to create a fund that will be solely supported via cryptocurrency donations. Why does this matter?Your donation, no matter the size, can help fund groundbreaking research, support patients and their families, and ultimately bring us closer to a cancer-free future.

Take Action Now: Visit the American Cancer Society's website or The Giving Block's platform to learn more about the Crypto Cancer Fund and make a donation today.Your contribution can make a real difference in the lives of those affected by cancer.