NEWS
Pineapple Fund Bestows $1m on Free Software Foundation

2018-01-31 00:38:07
by Saffron Weale
img
Pineapple Fund Bestows $1m on Free Software Foundation

The anonymous Reddit user, known only by the username PineappleFund, has made another $1m bequest (91.45 BTC), this time to the Free Software Foundation.

\r\n

The Fund was first established in December, when Bitcoin was put on the books of Chicago\'s futures markets, and its price went through the roof. The anonymous benefactor, now going by the name \'Pine,\' clearly cleaned up, but instead of cashing in for capitalist benefits, Pine has turned cryptocurrency into philanthropy. An early Bitcoin adopter, who is believed to be one of the 25 biggest holders of the currency, Pine saw December\'s sudden windfall as an ideal opportunity to do some good in the world.

\r\n

The Pineapple Fund now has organisation status, as a crypto-only donor, and its stated aim is to give away $86m-worth of Bitcoin (5,057 BTC). So far it has committed over a third of that amount, donating $34.4m worth of BTC to 41 varied organisations. $1m went to a clean water project for sub-Saharan Africa, and another $1m to a digital rights watchdog, Electronic Frontier Foundation.

\r\n

The Free Software Foundation is an organisation dedicated to providing open-source and free computing software to all humanity, supporting net neutrality, and operating the internet on libertarian principles, with the goal of having a genuine GNU (GNU-Not Unix) operating system.

Similar News
img
EXCHANGES
WEX Exchange Warns Users of Phishing Scam
2018-02-21 11:22:45 | by Dominic Brown

Short Description / Article Intro

More
img
EXCHANGES
SunContract is now available on KuCoin
2018-02-21 11:21:03 | by Dominic Brown

Short Description / Article Intro

More
img
EXCHANGES
eToro Announces NEO Now Listed on Platform
2018-02-20 22:20:59 | by Saffron Weale

eToro Announces NEO Now Listed on Platform

More
img
EXCHANGES
RequestNetwork (REQ) Added to Lykke Exchange
2018-02-17 12:07:21 | by Dominic Brown

Short Description / Article Intro

More