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.

Monero (XMR): Nine Security Vulnerabilities Disclosed, One Exposed Crypto Exchanges to Theft

Privacy-centric cryptocurrency Monero (XMR) has recently disclosed nine security vulnerabilities, including one that exposed its users to theft, and could’ve seen bad actors steal from cryptocurrency exchanges.

According to the disclosure, up until March rogue XMR miners could’ve created “specifically-crafted” blocks that would’ve forced Monero wallets to accept fake deposits for an XMR amount the attacker would determine. This, according to researchers, could be exploited to steal from cryptocurrency exchanges.

The researchers were awarded 45 XMR, currently worth around $3,900, for helping improve the safety of the cryptocurrency. Five denial of service (DoS) attack vectors were also disclosed, with one of them being labeled as a “critical” one.

Moreover, a CryptoNote-specific vulnerability was found. It would allow bad actors to take down nodes in the cryptocurrency’s network through malicious data requests. Other projects using CryptoNote may be susceptible to the vulnerability.

Speaking to The Next Web Andrey Sabelnikov, the researcher who found the bug, stated that a blockchain like that of Monero – with a long history – could’ve seen attackers make a protocol request “that will call all of its blocks from another node, which could be hundreds of thousands of blocks.”

He added:

Preparing such a response can take a lot of resources. Eventually, the OS might kill it due to the huge memory consumptions, which is typical of Linux systems.

As the news outlet reports, the reports coincided with the release of the Monero version last month. While eight vulnerabilities have already been fixed, one remains mostly undisclosed, presumably as developers work on it.

So far there have been no reports of any of the disclosed vulnerabilities being exploited. As CryptoGlobe covered, late last year Monero developers fixed a major bug that would have allowed attackers to both double spend and destroy XMR.

The privacy-centric cryptocurrency, which saw hackers hijack internet users’ CPU resources to mine it, established a workgroup at about the same time to fight back against the trend, which has now slowed down.