Pineapple Fund To Donate $4 mln For PTSD Treatment

Pineapple Fund goal is to give $86 mln worth of bitcoin to various nonprofit organizations
12 January 2018   1345

Pineapple Fund, a bitcoin charity created by an anonymous individual, has promised to donate $4 mln to a non-profit for MDMA-based PTSD research.

PineappleFund published a reddit post on January where the charity calls for donations to MAPS and announces the $4 mln pledge. The post also explains the usefulness of the MAPS trials due to what the anonymous donor sees as a lack of effective FDA-approved treatments for those suffering from PTSD.

The non-profit leading the research, the Multidisciplinary Association for Psychedelic Studies (MAPS), is seeking $25 mln in donations for Phase 3 of their drug trials. MAPS intends to use MDMA-assisted psychotherapy as an effective treatment for PTSD sufferers.

I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community.

 

Pineapple Fund statement

The charity has already given 657 BTC, about $8.5 mln, to 13 organizations, which focus on different areas, including providing clean water to sub-Saharan Africa, building technology for universal healthcare and improving the treatment of age-related diseases and others.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   125

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.