Black_background_logo_BitcoinWorld-removebg-preview
Latest News

American Cancer Society launches Cancer Crypto Fund

American Cancer Society Logo (PRNewsfoto/American Cancer Society)

The American Cancer Society, one of America’s most prominent nonprofits, has expanded its crypto push. The American Cancer Society (ACS) has declared a collaboration with cryptocurrency donations company, The Giving Block, to launch a new 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 2021,” according to a press release. This is the organization’s first crypto-only fund. However, the American Cancer Society earlier accepted Bitcoin through BitPay.

Further, funds raised via the Crypto Cancer Fund will undeviatingly go to funding ACS’s cancer research program. The crypto community’s contributions will also support crucial research funding for inventions and more reliable treatments to protect family and friends’ lives. To acknowledge the pioneering donors who power it, the first crypto donor or company to grant $250,000 or more will have the chance to name the fund in their name or that of a loved one. Moreover, donations of $10,000 or more will arrive on the Crypto Cancer Fund Wall of Honor.

ACS has contributed more than $4.9 Billion for Cancer Research since 1946

ACS will publish the renaming of the fund when the vital gift happens. The fund will receive contributions in Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ether (ETH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), and Chainlink (Link). As per the ACS website, the organization has issued more than $4.9 billion into cancer research since 1946. According to The Giving Block, founded in 2018, cryptocurrency donations totaled $300 million yearly. Over 120 organizations receive crypto donations through The Giving Block, as posted on its website. It involves The Tor Project, the National Society of Black Engineers, and United Way Worldwide.

Moreover, The Giving block has adopted various programs to fill the gap between crypto and charity. Recently, it collaborated with Cointelegraph to issue the first-ever Crypto Biggest Brain virtual trivia contest. It accumulated some of the prominent names in blockchain to support charitable causes. The causes involve homelessness, childhood hunger, disaster relief, cancer, and education, among others. 

Follow BitcoinWorld for the latest updates.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.