London Daily

Focus on the big picture.
Monday, Sep 15, 2025

Crypto donations hit records: Season of Generosity

Crypto donations hit records: Season of Generosity

The top cryptocurrency donated on Crypto Giving Tuesday 2021 was ethereum

Donating cryptocurrencies to charitable organizations is on the rise in this holiday season of generosity, according to numbers from crypto donation platform The Giving Block.

The platform, founded in 2018, fields donations from crypto investors to their choice of more than 1,000 nonprofits, such as Operation Smile, Catholic Charities U.S.A. and People for the Ethical Treatment Animals.

Catholic Charities distribute warm about 300 pre-Thanksgiving meals to people in need at the PEPCO Edison Gallery on Nov. 23, 2021 in Washington, D.C.


The Giving Block's biggest fundraising event of the year, Crypto Giving Tuesday held on Nov. 30, absolutely shattered last year's event by raising $2.4 million in the 24-hour period — that's up 538% from the one-day event last year.

The Number One crypto donated via the site was ethereum at more than $1.2 million, followed by bitcoin at over $885,000. Donors gave roughly $294,000-worth of USD Coin, nearly $9,000 in uniswap and another $5,000 in tezos.

Ethereum


Like other charitable donations, giving via digital assets comes with its own tax benefits. The Giving Block asks donors, "Why give your crypto to the IRS when you can give it to a charity instead?"

"For nonprofits, crypto users are one of the hottest donor demographics," co-founder Pat Duffy told FOX Business. "For crypto users, donating crypto to nonprofits is one of the hottest ways to reduce tax liability. But they didn't have a moment dedicated for them to meet one another. That's why we started Crypto Giving Tuesday."

The group has set a goal of processing $100 million in donations to non-profits through its platform by Dec. 31. If reached, The Giving Block says, it "will have helped put $30 million in the hands of charities that would have otherwise gone to the IRS."

This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington.


The concept is appealing to more and more investors, as the digital market is up roughly 1,300% from just over the past two years — and Uncle Sam will come for his cut. Crypto is considered property by the IRS, and can be subject to capital gains or even regular income taxes.

Donors can give crypto to a non-profit rather than the government through The Giving Block, share the tax receipt with their accountant and get it appraised. Then, donors are able to secure their tax write-off and capital gains exemption.

As for reaching the $100 million mark in donations this year, Duffy says it's going to be tight, but there are still a few days left of the campaign, which ends at midnight on Friday.

"So much of it depends on the donations that come in this week," he noted. "Let's hope the whales come out in full force this week!"

Newsletter

Related Articles

0:00
0:00
Close
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
×