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Charities Get Allegedly Pilfered Bitcoin Gifts...

Two charities received about $10,000 in donations in digital currency Bitcoin from a group claiming to have made the gift from proceeds it received after a ransomware payment by corporations. Children International and The Water Project each received donations of 0.88 Bitcoin (BTC), which translates to about $10,000, from a cybercriminal group called Darkside. The […]

$5 Million Stolen In Bitcoin Exchange Hack...

Hackers have stolen what amounts to $5.2 million after an attack on Bitstamp, the largest exchange for bitcoins in Europe. Bitstamp accounts were first compromised on January 4 with 19,000 bitcoins were stolen from customer’s accounts. The company shut down its services the next day as it made attempts to track down the hackers. In […]

United Way To Accept Bitcoin Digital Donations...

United Way Worldwide (UWW) is joining the digital currency world, announcing that it would begin accepting bitcoin donations. It is the latest 501(c)(3) to adopt the digital currency. The Alexandria, Va.-based organization will use incoming bitcoin donations — which will be processed into cash through the bitcoin processor Coinbase — for its Innovation fund, which aims […]

Foundation Based On Bitcoin Wins Nonprofit Status...

A foundation in Sacramento, Calif., is claiming that it is the first bitcoin-based charity to be granted 501(c)(3) status by the Internal Revenue Service (IRS). The BitGive Foundation has been operating as a volunteer organization since it was founded a year ago, supporting various public health and environmental causes and exclusively using bitcoins, a digital […]

Leaders Talk Turkey About #GivingTuesday...

There’s no doubt that 2020 is a year unlike any other in no small part due to the pandemic but Thanksgiving will still be on a Thursday in November. And that means that #GivingTuesday will still be the following Tuesday. Don’t think that donors aren’t willing to be generous despite the difficulties that have come […]

Web Searches For #GivingTuesday up 80%...

#GivingTuesday could raise more than $600 million on Dec. 1, at least according to one prediction. Whole Whale, a New York-based digital B-corporation, predicts that #GivingTuesday will raise 18 percent more online this year, up from $511 million in 2018 to $605 million. The ninth annual #GivingTuesday will be Dec. 1, the Tuesday after Thanksgiving, […]

Blackbaud Faces Class Action Lawsuit After Data Breach...

A petition for a class action lawsuit against software and data services giant Blackbaud has been filed with the United States District Court District of South Carolina in Charleston after a system breach exposed donor data to hackers. The suit stems from a data breach which happened on Feb. 7 and was not discovered by […]

The Hack Of Blackbaud: Damage Is Still Being Assessed...

Donors to the Vermont Food Bank didn’t rain email and phone calls down upon the organization when they found out data in the charity’s fundraising software had been hacked at technology provider Blackbaud and was part of a ransomware threat. The food bank’s leaders, however, weren’t as sanguine. Donors have been “very supportive overall,” said […]

Breaking: Blackbaud Hacked, Ransom Paid...

Blackbaud, one of the world’s largest providers of financial and fundraising technology to nonprofits, was hacked and paid a ransom to have the hijacked data destroyed by the cybercriminals. Officials learned of the intrusion in May and called in law enforcement and independent forensics experts to work with Blackbaud’s own security team, a Blackbaud spokesperson […]

Giving Platform Touts Safety, Awards Tokens...

GiveSafely, a charity donation platform launched on July 4 by the Arlington, Va.-based BBB Wise Giving Alliance, seeks to engage Millennial and Generation Z donors. The platform addresses their delight at being solicited, their desire for cybersecurity and their inherent impulse to be recognized and rewarded. Overall, around 11 percent of consumers welcome being approached […]