UNICEF France Now Accepts Donations in Bitcoin (BTC) and Other Major Cryptos

  • UNICEF France is now accepting donations in nine major cryptocurrencies.
  • Mosques and various other charitable organizations have started accepting crypto donations.

The United Nations Children’s Fund (UNICEF) has reportedly starting accepting donations in nine major digital currencies including Bitcoin (BTC) and Bitcoin Cash (BCH). At present, only UNICEF’s office in France is accepting crypto donations.

Nine Major Cryptocurrencies Accepted

In addition to BTC and BCH, UNICEF’s French office is accepting Ethereum (ETH), Ripple (XRP), Stellar (XLM), Monero (XMR), Litecoin (LTC), Dash, and EOS. People who want to donate cryptocurrency to UNICEF France can do so by visiting their website.

Sébastien Lyon, the executive director at UNICEF France, commented on the organization’s announcement by noting:

Cryptocurrency and blockchain technology used for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.

Sébastien Lyon

Lyon also mentioned that cryptocurrencies and their underlying technology offer an innovative way to raise funds for various social causes, however, there are currently not many organizations that are harnessing their benefits.

The French UNICEF head acknowledged that there are a few communities which have started the positive trend of accepting charitable donations in cryptocurrencies. In May, the Shacklewell Lane mosque in East London announced it would accept charity in cryptocurrency.

Notably, this is not the first time that UNICEF has introduced a crypto-related initiative. In February, the New York-based humanitarian organization started a fundraising effort to help children in Syria, which has been embroiled in a violent civil war since 2011.

"Game Chaingers", "The HopePage"

UNICEF’s fundraising campaign was called “Game Chaingers” and aimed to get online video game players involved in an effort to help children suffering in Syria. In order to participate in the charitable initiative, users had to download a crypto mining app from UNICEF’s official website.

After installing the app, the users’ computing resources were used to mine Ethereum’s native token, Ether (ETH) - which went towards offering developmental assistance to children in Syria. The Game Chaingers program managed to raise 85 ETH, an amount valued at nearly $21,000 according to CryptoCompare data.

In May, UNICEF’s office in Australia began its own crypto fundraising effort by launching a website called “The HopePage.” People who visit the website can donate their computing resources in order to mine cryptocurrencies. The digital currency generated from mining is then used to help the citizens of underdeveloped countries.

Civic CEO Vinny Lingham: Bear Market Not Over Until Bitcoin Goes Over $6,200

Siamak Masnavi

In a recent interview, Vinny Lingham ("@VinnyLingham" on Twitter), the Co-Founder and CEO of blockchain-powered identity solution provider Civic Technologies ("Civic"), explained why he does not believe that the crypto bear market is over yet despite the Bitcoin price rally we've witnessed this month, a run that has seen the BTC price reach almost $5,300 (although it is currently trading at just over $5,200). 

Lingham, who is also a general partner at crypto hedge fund Multicoin Capital, has been given the nickname "Bitcoin Oracle" by the media due to his uncannily good Bitcoin price predictions. His comments about Bitcoin came during an interview last week with fellow South African Ran Neuner ("@cryptomanran" on Twitter), the host of CNBC Africa's "Crypto Trader" show.

Neuner started the interview by asking Lingham if he believed that this latest bounce in the price of Bitcoin was "real" or just a "dead cat bounce." Lingham answered:

"I'm not buying any bounce right now that doesn't go to around $6,200 and stays there for 24-48 hours as being the end of the bear market cycle. If you look at bear market cycles in Bitcoin, typically, the bottom is dictated by a 2X rise. So, the bottom we saw [sic] so far is $3,100. So, $6,200 is where you can start saying it's going into a bull market, or at least the bear market is over. And until we break $6,200, I don't think it's fair to say the bear market is over."

Neuner then asked Lingham why $6,200 was such an important resistance level. The Civic CEO replied that if you look at the hisorical charts, "roughly 2X [the bottom] is where the sentiment is shown to be changed."

Next, Neuner asked if there was any chance Bitcoin could drop back to around the $3,000 level. Lingham said:

"There's absolutely a chance that it can go below $3,000. I don't think the bear market cycle is necessarily over... I'll be convinced it's over once we get above the $6,200 level. So, that's a critical level. So, there's two critical levels. It's $5,700, which is the so-called previous bottom of the market, which broke, and then $6,200, which is double what we have as a bottom right now, which is apparently $3,100. So, those are the two critical numbers. When we get past $6,20, I think it's all clear, reasonably clear at least."

At press time, according to CryptoCompare, Bitcoin is trading at $5,218, down 0.38%, in the past 24-hour period:

BTC - 24 Hour CC Chart - 9 Apr 2019.png