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American Cancer Society Launches $1M Cryptocurrency Fund

The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund.

By Tanzeel Akhtar
AccessTimeIconJan 27, 2021 at 11:15 a.m. UTC
Updated Sep 14, 2021 at 11:01 a.m. UTC
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The American Cancer Society (ACS) has launched a cryptocurrency fund to support cancer research.

  • The non-profit organization announced Tuesday it has partnered with cryptocurrency donations platform The Giving Block to launch the fund, setting a fundraising target of $1 million by early 2021.
  • Cryptocurrency raised through the Crypto Cancer Fund will go directly to funding the society's cancer research program, supporting research for "new discoveries and better treatments."
  • The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund, such as after themselves or a loved one.
  • Any donations of $10,000 or more will feature on the Crypto Cancer Fund “Wall of Honor.”
  • Contributions in bitcoin, bitcoin cash, ether, litecoin, zcash, gemini dollar, basic attention token and chainlink are accepted.
  • “I believe cryptocurrency will play a pivotal role in curing cancer,” said Pat Duffy, cofounder of The Giving Block, in a statement. “With bitcoin hitting a new all-time high, the creation of this new fund opens the door for the booming crypto market to save lives.”

Read more: American Cancer Society Now Accepting Bitcoin Donations Through BitPay

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