Free Software Fndn Received $1M from Pineapple Fund

91.45 BTC was sent by anonymous benefactor to support free software worldwide
31 January 2018   100

The Free Software Foundation (FSF) received a donation in Bitcoin, which is $ 1 million from the Pineapple Fund.

The Pineapple Fund is an anonymous philanthropic project, which has so far donated more than $ 34 million in Bitcoin to 41 charitable organizations around the world. The fund was founded by an anonymous cryptocurrency investor, who stated that he is one of the largest holders of bitcoins.

Free Software Foundation is a non-profit organization, created to support the free software. The company's website states that FSF protects the rights of computer users.

2k Confiscated BTC Created Issue for Finland Authorities

Authorities of Finland had faced bureaucratic problems while trying to handle seized crypto coins
20 February 2018   11

Finland is trying to solve confiscated Bitcoin storing issue. This is reported by Bloomberg.

The crux of the problem is that authorities handling the coins won’t be able to store them on virtual currency exchanges due to bureaucratic problems. They have to store them offline. This is said in the documents, seen by the Bloomberg.

Most of the coins have been confiscated in raids conducted since 2016. There is no info how the coins were stored until now.

The official guidelines states that Finland authorities can’t treat Bitcoin or its crypto competitors like a currency. It’s an asset that, as a rule, can’t be used or accepted as a means of payment or as an investment, according to the Treasury document.

Cryptocurrencies seized by the Finnish state can be converted into euros after a court ruling on their appropriation has become binding. The sales should primarily take place via public auctions rather than commercial exchanges, which can be untrustworthy and opaque, the Treasury said.

Finnish state can convert seized crypto to euros only after a court ruling on their appropriation has become binding. The sales should primarily take place via public auctions rather than commercial exchanges the Treasury said.